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Posted On: 04/07/2015 11:56:32 AM
Post# of 99131
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Posted By: Pecanzington
$PSID As a developer of biological detection and diagnostics solutions, PositiveID Corp. (OTCQB: PSID) is in a very large and rapidly growing market niche. The biosensor industry reached $12.46B in 2013 alone, with a 14.19% compounded annual growth rate (CAGR) forecast between the years 2013-2018. After the calculations are made, this would mean that by 2018, the biosensor industry could be worth $24.19B, which would be nearly double the existing industry size. With explosive growth like this, the potential for individual company growth is astounding. One of the leading factors helping to produce such impressive growth rates is the publicity being brought to bioterrorism, virus outbreaks, and general development of chemical/biological weaponry in unstable countries.

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