Biosensors are analytical devices that combine a biological component with a physicochemical detector. They detect a biological response and convert it into a measurable signal. There are two main components - a biological recognition element like an enzyme or antibody and a transducer that converts the biological response into a detectable signal. Common types include amperometric, potentiometric, and optical biosensors which detect current, potential, or optical changes respectively. Biosensors have wide applications in healthcare, food safety testing, and environmental monitoring.