MarketResearch.com has added a new report on biosensors to its portfolio of electronics market reports. The report "Biosensors - A Global Market Overview," analyzes, reviews and projects the Europe, United States, Asia-Pacific, Japan and Rest of World markets. It further covers the regional markets of the United Kingdom, France, Germany and Italy.
The report estimates the 2012 global market for biosensors at $8.5 billion and expects it to grow to $16.8 billion by 2018. It forecasts the developed biosensors market in the United States to grow at a CAGR of 10.7%. The emerging Asia-Pacific markets are expected to grow at a CAGR of 11% from 2008 to 2018. When value of the market is considered, the European market, which is estimated at $2.6 billion in 2012, follows the United States.
Biosensor technology has followed a growth curve due to the increasing number of applications that have been developed or under development. The biomolecule types and equipment have been standardized. The processes used for testing in the fields of narcotic detection, environmental monitoring, bio-defense and drug discovery have also been standardized. Biosensors are also finding use in new applications in the aerospace and automotive industries.
This report has analyzed various application areas including environmental monitoring, bio-defense, security, process industry, research laboratories, home diagnostics and point-of-care testing.
Source: http://www.marketresearch.com/