Global Biotechnology Media, Sera and Reagents Market Likely to Reach $32.98 Billion by 2025, Says Allied Market Research Print E-mail
Thursday, 14 March 2019 04:03

Porland,OR,, March 14, 2019 (GLOBE NEWSWIRE)

Porland,OR,, March 14, 2019 (GLOBE NEWSWIRE) -- Allied Market Research recently published a report, titled, Biotechnology Media, Sera and Reagents Market by Type (Media, Sera and Reagent), Application (Cancer Research, Biopharmaceuticals, Regenerative Medicine & Tissue Engineering, and Others), and End User (Biotechnology & Pharmaceutical Companies, Academic Institute, Research Laboratory): Global Opportunity Analysis and Industry Forecast, 2018–2025”. According to the report, the global biotechnology media, sera, and reagents market accounted for $18.79 billion in 2017 and is projected to reach $32.98 billion by 2025, registering a CAGR of 7.3% during the period from 2018 to 2025.

The market is segmented on the basis of type, application, end user, and geography. Based on type, the market is divided into media, sera, and reagent. The media segment is projected to manifest the fastest CAGR of 8.1% during the forecast period. However, the reagents segment held the largest share in 2017, contributing nearly three-fourths of the total market.

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On the basis of application, the market is segmented into cancer research, biopharmaceuticals, regenerative medicine & tissue engineering, and others. The cancer research segment held the largest share in 2017, contributing nearly one-third of the total revenue. However, the biopharmaceuticals segment is expected to register the fastest CAGR of 8.2% during the forecast period.

Based on end user, the market is divided into biotechnology & pharmaceutical companies, academic institute, and research laboratory. The biotechnology and pharmaceutical companies segment is expected to lucrative opportunities as it is estimated to register the fastest CAGR of 8% through 2025 and held the largest share in 2017, contributing nearly half of the market. Geographically, the report is bifurcated into North America, Asia-Pacific, LAMEA, and Europe.

The report includes the major market players in the industry such as GE Healthcare, Merck KGaA (Sigma Aldrich), HiMedia Laboratories Pvt., Ltd, Merck & Co., Inc., Corning Incorporated, Bio-Rad Laboratories Inc., Sartorius AG, Lonza Group Ltd, Thermofisher Scientific, Becton, and Dickinson and Company.

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