According to Cognitive Market Research, the global biosensor detection market size is USD 29518.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.20% from 2024 to 2031.
North America was the major market, accounting for more than 40% of global revenue. Its market size was USD 11807.28 million in 2024, and it will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 8855.46 million. Asia Pacific held the market of around 23% of the global revenue with a market size of USD 6789.19 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue, with a market size of USD 1475.91 million in 2024, and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
The Middle East and Africa held the major markets, accounting for around 2% of the global revenue. The market was USD 590.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
The electrochemical biosensors held the highest biosensor detection market revenue share in 2024.
