Biosensors market is categorized as a growth market. Biosensor adoption is increasing. The number of applications of biosensors is increasing year after year. Security and Biodefense have exhibited largest growth in annual revenues growth rates. It is estimated that home diagnostic and biodefense markets are likely to show large chunks of growth in future with newer biosensors being developed. The biosensors market is expected to grow from $6.72 billion in 2009 to $14.42 billion in 2016. Currently biosensors are used in over 26 key applications with bulk of revenues flowing in from point of care market. With the development of newer biosensors this is likely to change with newer application research.
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