Global Market for Biosensors to grow by 9.6% (2008-2018) to reach $16.8billion by 2018
Hyderabad – Industry Experts, a multi industry focused market research firm, has today added a new market research report ‘Biosensors – A Global Market Overview’ to its Biotechnology catalogue. An increase in the number of applications for biosensors developed or being developed has ensured that this technology follows a growth curve, leading to standardization of equipment, type of biomolecule, and test processes in the areas of drug discovery, biodefense, environmental monitoring, and narcotic detection. These technological developments portray a healthy trend for up-and-coming markets, while in the case of existing markets with a high proportion of application, biosensors would continue to be employed for newer end uses, such as automotive and aerospace. The continual research and development efforts being undertaken would go a long way in making sure that biosensor technology would continue to evolve as the years come, with faster, more specific and high specialty applications. In...