The Bio-Detection markets present some of the fastest growing and vibrant markets in the Homeland Security industry. This research forecasts a 96% CAGR for 3rd-generation Bio-Detection technologies revenues between 2008 and 2012, which translates to an 80% market share for these technologies in 2012. The rapid growth for these 3rd generation technologies will coincide with a fast decline of 1st & 2nd -generation homeland security Bio-Detector markets which are forecasted to collapse at -20% CAGR. The growth of the 3rd generation technologies will result from the premium bio- agent selectivity, sensitivity and fast response coupled with a dramatic reduction in use of expensive reagents that these technologies are expected to provide.
HSRC's team of scientists and industry executives meticulously researched and analyzed each of the 4 modalities of bio-detection:
For each modality, the research provides a detailed analysis and forecast for 3 generations of technologies, providing for 12 the market segments that will make up this industry for the next 5 years.
For each of the 12 market segments, the research provides the following: