Market Research Projects Media, Sera & Reagents Markets In Biotechnology At $4.2B By 2016

Rockville, MD (Marketwire) - MarketResearch.com has announced the addition of the new report "Global Markets for Media, Sera and Reagents in Biotechnology," to their collection of Biotechnology market reports. For more information, visit http://www.marketresearch.com/BCC-Research-v374/Global-Media-Sera-Reagents-Biotechnology-6904412/

The global market for media, sera and reagents used in biotechnology was valued at $2.3 billion in 2009, $2.5 billion in 2010 and is estimated to have reached nearly $2.8 billion at the end of 2011. The market is expected to reach $4.2 billion by 2016, a compound annual growth rate (CAGR) of 8.8%.

The reagents market reached $1 billion in 2010 and nearly $1.2 billion in 2011. It is expected to grow to $2 billion by 2016, a CAGR of 11.3%.

The media segment reached $820.7 million in 2010 and $897.4 million in 2011. It is expected to grow to $1.4 billion by 2016, a CAGR of 9.4%.

For more information, visit http://www.marketresearch.com/BCC-Research-v374/Global-Media-Sera-Reagents-Biotechnology-6904412/

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SOURCE: MarketResearch.com