A biosensor is a device that converts a biological response into an electrical signal. The first true biosensor was developed in 1956 by Leland C. Clark, Jr. for oxygen detection, making him the "father of biosensors". Biosensors can be used for general healthcare monitoring, disease screening and diagnosis, veterinary and agricultural applications, industrial processing, and environmental monitoring. They have advantages like rapid measurement, high specificity, and low reagent usage but also disadvantages such as sensitivity to temperature, pH, and patient distrust. The biosensor market is expected to reach $52.5 billion by 2020 due to advancements that are changing how health and technology companies approach monitoring capabilities.