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Biotechnology

Biosensors and Bioelectronics

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REPORT HIGHLIGHTS

  • Biosensors and bioelectronics refer to devices that incorporate a biological element into their functional properties. Biosensors use these biomolecues as recognition elements for detection of a particular analyte. Bioelectronics is an emerging field in which biological elements, such as proteins, are used in place of the doped inorganic semiconducting oxides and insulating nitrides (i.e. silicon chips).
  • The agriculture biosensor sector is expected to grow as use of plants for both monitoring and reclamation purposes gains acceptance in both the United States and abroad. The market in 2001 was a $76.2 million dollar market, which represented an 8% rate of growth over the 1990s, according to the USDA and industry sources. A similar rate of growth is expected over the next five years.
  • In 2001, the high throughput screening market had already topped the $1 billion mark, a number that is based on the revenue of companies within the sector. The market is expected to grow at a very rapid pace, and the 7.5% average annual growth rate figure in the above table is based on projections of the largest companies in the sector, the potential of the latest trends in the industry toward automation and increased efficiency, and on forecasts by biotechnology trade associations and industry analysts.

SUMMARY FIGURE
U.S. MARKET FOR BIOSENSORS AND BIOELECTRONICS, 2001 AND 2006
($ Millions)
Source: BCC, Inc.