Market size for worldwide biosensors estimated at $7.3 billion in 2003. :: Health-Informant.com

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Market size for worldwide biosensors estimated at $7.3 billion in 2003.
Added: 04/22/2004 Type: Summary Viewed: 1681 time(s) [ Not Rated Yet ]

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Market size for worldwide biosensors estimated at $7.3 billion in 2003.

Research and Markets announces the addition of this new report entitled "Biosensor Market, R&D and Commercial Implication" to its offerings.

This report is about the worldwide market for biosensors for 2003. The study provides readers with information and analysis about key developments driving this industry.

This report divides this technology into five applications areas. This study shows that medical applications overshadow the other seemingly important applications areas. The increasing rate of obesity and the alarming rise in the rate of diabetes in the industrialized world is driving a need for more biosensors to monitor diabetic patients' glucose levels. The pharmaceutical research industry is driving the need for new rapid assay biosensors to speed the progress of drug discovery. The war on terrorism is driving the need for new rapid detection biosensors against biowarfare agents for military and civil defense applications. Biosensors help monitor food safety and detect environmental pollution

The research reviews the broad areas of major company activities and R&D centers ranging from R&D through, marketing and understanding commercial implications. This study estimates that the market size for worldwide biosensors at yearend 2003 was about $7.3 billion. Even with scary geopolitical events unfolding and a stubborn weak global economy, the market is projected to improve and grow to about $10.8 billion in 2007 with a growth rate of about 10.4%. The report discusses these important items with interesting and useful findings. This study uses 76 figures and tables to illustrate the findings. Detailed information about the activities of the top companies important to this market is listed in numerous areas of this report.

About Research and Markets Ltd.
Research and Markets Ltd. are Europe's largest resource for market research. R&M distribute thousands of major research publications from the world's leading publishers, consultants and market analysts. R&M provide you with the latest forecasts on international and regional markets, key industries, the top companies, new products and the latest market trends.

For additional information on ResearchandMarkets.com, their range of reports or their value-added services, visit their web site at http://www.researchandmarkets.com or mailto:press@researchandmarkets.com

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