London, 07 January 2015 – TechNavio has announced the publication of a new market research report on the Global Bio-Detection Market, which is expected to grow at a CAGR of 14.19 percent from 2014-2019.
About the Report
According to the latest report from TechNavio, there has been a significant increase in the need for bio-security. Poisonous bio-agents are not easily detectable, and they can cause widespread illnesses and unexpected deaths. Hence, it is necessary to adopt precautionary methods to curtail the spread of these bio-agents.
“The increased threat of contagious pathogens has led to an increase in the need for bio-security, thus accelerating the growth of the Global Bio-detection Market,” says Faisal Ghaus, Vice President of TechNavio.
In addition, there is strong public and media support for bio-defense. Viruses like H1N1 and the Ebola virus have a high growth rate and are highly contagious. Awareness campaigns about bio-detection systems that help prevent such attacks have grown in popularity, thanks to widespread media support.
“Many countries have undertaken initiatives to identify pathogens and increase the level of public safety, which has led to an increase in investments in bio-detection systems. This is expected to support the growth of the overall market during the forecast period,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Need for Early Detection Systems for Bio-terrorist Attacks
- For a full detailed list, view our report.
Market Challenges:
- Inadequate Detection Technologies
- For a full detailed list, view our report.
Market Trends:
- Increased Need for Bio-security
- For a full detailed list, view our report.
Key Vendors:
- Agilent Technologies Inc.
- Cepheid Inc.
- Roche Diagnostics Corp.
- Smiths Detection Inc.
Other Prominent Vendors:
- 20/20 GeneSystems
- 3M Microbiology
- ADVNT Biotechnologies
- BAS Biological Alarm Systems
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
