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

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* Biosensor

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* Medical
* biosensor

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* London City - London, Greater - England

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

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Source:Joe Walsh
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Tags:Biosensor
Industry:Medical, biosensor
Location:London City - London, Greater - England
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