April 24, 2012 06:08 ET

Market Research Projects Media, Sera & Reagents Markets in Biotechnology at $4.2 Billion by 2016

ROCKVILLE, MD--(Marketwire - Apr 24, 2012) - 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

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

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