Next Generation Healthcare & Industrial Biotechnology Throw the Spotlight on Biosensors
Growing use of biosensors in myriad medical and non-medical applications; rising prominence of portable biosensor-based devices to manage health issues and development of advanced and reliable biosensors are poised to drive the global Biosensors market to reach US$28.3 billion by 2024 . Biosensor or a biological sensor, which consists of a physiochemical detector component (transducer) along with a biological component, is used in the identification of an analyte or compound in a sample. Biosensor-based devices are convenient, easy to use, sensitive and highly accurate and can be used in a range of research and commercial applications. Healthcare, food, aerospace, automotive, and agriculture industries are the major application markets for biosensors. Growth in the global biosensors market is being guided by the increasing use of biosensors in a diverse range of medical and non-medical applications. Expanding application markets are expected to play a critical part in the emergence o...