Global Market for Biosensors to grow by 9.6% (2008-2018) to reach $16.8billion by 2018

Tuesday 13 Mar 2012

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.

Inline to the above mentioned trend, the growth for biosensors market is robust in emerging markets in Asia-Pacific with 11% CAGR (2008-2018) closely followed by 10.7% in highly developed market of the United States. Europe is the second largest, in terms of value, after the US with an estimated $2.6 billion in 2012. Market for Biosensors application areas analyzed in this study includes Point-of-Care Testing, Home Diagnostics, Environmental Monitoring, Research Laboratories, Process Industry and Security & Biodefense. The report analyses the global market in terms of USD Million. The global market for Biosensors in 2012 is estimated to touch US$8.5 billion and projected to reach US$16.8 billion by 2018.

The report reviews, analyses and projects the Biosensors market for global and the regional markets including the United States, Europe, Japan, Asia-Pacific and Rest of World.

The regional markets further analyzed for 4 more independent countries in Europe – Germany, France, United Kingdom and Italy.This 232 page global market report includes 53 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region and biosensors application area. 39 key global players and 52 major players across the United States – 36; Europe – 13; Japan – 1; and Asia-Pacific – 2. The report also provides the listing of the companies engaged in research and development, equipment manufacturing, supplies and distribution of biosensors. The global list covers the addresses, contact numbers and the website addresses of 225 companies.

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