Europe has witnessed tremendous growth in chemical sensor devices for the past few years due to changes within end-use industries such as the motor vehicle industry In 2019, Germany was the largest automobile manufacturing country in Europe, with approximately 4.7 million passenger cars and just over 500,000 commercial vehicles. Germany has one of the world's largest car marketplaces, followed by the UK, France, Italy and Spain. However, automobile sales in Iceland were down by more than a third in 2019, although no EU country had much lower car sales in 2019
The prime reason behind the significant growth of the automobile industry is the presence of key players in automotive manufacture in the region, such as Volkswagen, Toyota Daimler, Lamborghini and Ferrari. The industrial growth in the region has created immense opportunities for chemical sensors responsible for carrying out different functions in the vehicle
Furthermore, the increasing automotive industry has also accelerated environment monitoring due to increasing carbon emissions from vehicles. For instance, In 2018, the average carbon dioxide (CO2) emissions from new passenger automobiles in the European Union were 120.8 grams per kilometer. Furthermore, Bulgaria, Slovakia and Lithuania were the countries in the Central and Central European region with the highest average carbon dioxide emissions from new passenger automobiles in 2019. Thus, increasing carbon emission has improved automotive emission testing percentage in the region, thereby creating tremendous demand for chemical sensors in the forecast period
The European medical device market rose by 4.2% in 2018. In the given period, the medical device market has expanded every year, with the highest growth rate of 9.3% in 2015. Furthermore, as the 2020 healthcare studies, medical device companies have shown unprecedented growth compared to the previous year in the European market
Increasing demand for medical devices is to simplify the prevention, diagnosis and treatment of various diseases and illnesses. The most well-known medical technology products are imaging instruments, pacemakers, dialysis machines and implants. The increasing biomedical device market has positively impacted the growth of chemical sensors as these sensors are rapid, compact, accurate and portable for different diagnostic applications
Furthermore, nanotechnology has evolved in European countries, particularly in Germany, which has dramatically changed the operating characteristics of chemical sensors and is gaining prominence in the market. In addition, to combat the spread of infectious diseases across Europe, early detection and diagnosis of infectious diseases are required. As infection identification leads to decreased antibiotic intake, fewer laboratory tests for patients and lower treatment costs, point-of-care testing (POCT) is rapidly becoming a preferred option. The revenue generated by the point of care testing market was roughly US$ 13.87 billion in 2017. By 2026, the size of this market is estimated to reach US$ 23.9 billion
The significant growth in the point of care testing market has increased the market of point of care devices which has improved the business of chemical sensors, as these sensors are widely used in those devices
Electrochemical biosensors are widely used in the food industry to detect natural toxins and antinutrients, analyze nutrients, monitor food processing and detect genetically modified organisms. The growing interest in food quality and safety has increased the demand for chemical sensors in the food industry. It is sensitive and reliable methods of analysis and technology for freshness preservation and food quality can also be detected from these sensors. Europe has built revenue in the food market amounts to US$ 1,760,481 million in 2021. The increased food consumption has raised food safety testing, leading to rising demand for biosensors in the region
European Food Safety Authority (EFSA) has established strict guidelines that detail the maximum levels of specific contaminants in foodstuffs to maintain a high level of human health and consumer protection. The policies imposed by the government have improved the demand for electrochemical biosensors in recent times. It is expected to accelerate the forecast period further to control food safety, food quality and analysis accuracy
Chemical sensors have also gained popularity in the beverages industry in European market in the past few years to determine concentration of glycerol and ethanol, both products of alcoholic fermentation. Furthermore, Enzymatic sensors can also be used to determine the concentration of these products and the content of sulfite ions in wine
For instance, in 2020, German beer business will earn US$ 10.18 Billion (Euro 8.3 billion) in sales, while the distilled spirits industry will make US$ 2.711 Billion (Euro 2.21 billion). Thus, the beverage industry's increasing business is expected to accelerate the market of chemical sensors in the beverage sector in the European region
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