NEW YORK, May 9 /PRNewswire/ -- As rapid technological advances, such
as microfabrication and miniaturization are enabling biosensors to begin to
penetrate developing countries, steady growth in the U.S., EU, China, and
India will continue to help boost overall worldwide sales by 9.5% to exceed
$4 billion by 2009.
According to Medical and Biological Sensors and Sensor Systems:
Markets, Applications, and Competition Worldwide, a new study released
today from Kalorama Information, 2005 revenues for biosensors reached $2.9
billion, with medical applications making up the lion's share of sales.
However, with strong growth in the biodefense and environmental fields as
well as industrial control applications, the market is beginning to shift
as biosensors become a preferred means of quick and accurate analysis.
Indeed, during the last four years, the direction of biosensor R&D
significantly changed in response to new biotechnology innovations in
biocomplimentary chemistry, surface characterization, molecular markers,
and nanotechnology leading to increased applications in a variety of
Success, however, is not based solely on innovation and technology, and
commercialization for the chemical, bioprocessing, and clinical diagnostic
industries is limited in comparison to the impressive number of research
"Biosensors are expensive, whether you're a developer or an end-user.
It can take five years and cost $40 million to bring a medical sensor to
the marketplace, a timeline and cost factor which can easily put sensor
developers out of business," notes James P. Smith, Ph.D., the report's
author. "Mass market appeal is what can turn a biosensor into an overnight
sensation or leave it abandoned in a research lab. For example, blood
glucose biosensors, which make up more than 80% of the medical biosensors
market, are a success story that no other sensor has rivaled."
Fully updated from the ground up, this 2nd Edition of Medical and
Biological Sensors and Sensor Systems provides an in-depth look at global
technology and research trends and issues in current and emerging sensor
markets with market data segmented by geographical region, application, and
specific measurement. It can be purchased directly from Kalorama
Information by clicking
http://www.kaloramainformation.com/pub/1083189.html. It is also available
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the
latest in independent market research for the life sciences. For more
information, contact Tom Ehart at 240-747-3014 or
firstname.lastname@example.org, or visit http://www.KaloramaInformation.com.
SOURCE Kalorama Information