Biosensors Market 2023 - 2035 Key Regions Competitive Analysis The biosensors market is estimated to be worth $5.0 billion in 2023 and is expected to grow at compounded annual growth rate (CAGR) of 9.0% during the forecast period. Read More: https://www.rootsanalysis.com/reports/global-biosensors-market.html The drug discovery process, which involves the identification of a relevant biological target and a corresponding pharmacological lead, is deemed crucial to the clinical success of a drug candidate. However, considering the growing complexity of modern pharmacology, the discovery of viable therapeutic candidates is very demanding, both in terms of time and capital investment. In fact, as per estimates, a therapeutic drug takes around 10 to 15 years and an average investment of USD 1 to 2 billion, to traverse from the bench to the market.