World biosensor market to grow by 9.6% to reach $16.8billion by 2018

March 19, 2012 - PRLog -- According to the report “Biosensors - A Global Market Overview” available at http://www.pharmaceutical-market-research.com/publications/finance_investment/biosensors_global_market_overview.html the rise in the number of applications for biosensors has ensured that this technology follows a growth curve, leading to standardisation 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.

The growth for biosensors market is strong 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.. The global market for Biosensors in 2012 is esmated to touch US$8.5 billion and projected to reach US$16.8 billion by 2018.

Biosensor application areas analysed in this study include: Point-of-Care Testing, Home Diagnostics, Environmental Monitoring, Research Laboratories, Process Industry and Security & Biodefense.
View the report here: http://www.pharmaceutical-market-research.com/publication...

View more biosensors Market Research at http://www.pharmaceutical-market-research.com/search/resu...

Product Code: INX00030

Pharmaceutical-Market-Research.com, the source for information products concerning the global biotechnology and pharmaceutical industries. Here you can browse and buy thousands of business information studies, market reports and books. Piribo has ongoing relationships with leading market research and publishing companies, so we can offer you a current and comprehensive range of specialised intelligence.

# # #

About Piribo.
Piribo http:www.piribo.com is the source for information products concerning the global biotechnology and pharmaceutical industries. Here you can browse and buy thousands of business information studies, market reports and books.