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Fetal Bovine Serum Market Growth 2022, Size, Future Trends, Emerging Technologies, Global Regions with Industry Share Analysis, Regional Demand and Forecast to 2030

Report Ocean presents a new report on fetal bovine serum market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future.

The global fetal bovine serum market revenue was US$ 840 million in 2021. The fetal bovine serum market revenue is forecast to reach US$ 1,375.53 million by 2030, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022-2030.

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A fetus’ blood contains a liquid rich in nutrients called fetal bovine serum. Cell culture media commonly consist of fetal bovine serum (FBS), which derives from the fetuses of cows. It contains several nutritional and macromolecular factors necessary for cell growth. It also contains amino acids, sugars, lipids, hormones, and low levels of gamma globulin. Its uses are in various applications, including supplying essential nutrients and promoting cellular survival and growth in eukaryotic cell culture. Research, manufacturing, biotech drugs, and controlling vaccines for both humans and animals use this technology.

Factors Influencing Market Growth

A rise in R&D activities towards developing novel biopharmaceuticals and the growing pharmaceutical industry are forecast to drive the global fetal bovine serum market growth.

Developed and developing countries invest and fund more in research interventions, which encourages the global fetal bovine serum market growth.

A lack of skilled personnel and ethical concerns about misuse of biotechnology research practices may have a negative impact on the global fetal bovine serum market growth.

The untapped potential of emerging markets will likely turn out to be lucrative for the key players operating in the overall fetal bovine serum market in the near future.

Impact Analysis of COVID-19

A sudden increase in COVID-19 has significantly affected the growth of the global fetal bovine serum industry. The pandemic has increased the demand for fetal bovine serum, especially in biotechnological and biopharmaceutical facilities working on developing an effective vaccine against COVID-19. Growing demand for fetal bovine serum has driven the market’s growth during the pandemic.

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Regional Insights

In terms of geographic share, North America dominated the fetal bovine serum market in 2020 and is forecast to maintain its dominance during the forecast period. There has been a significant increase in R&D activities to develop antibody-based therapy for various diseases, and there is a well-established healthcare infrastructure in the region. In addition, market players in this region are increasing their investment in research and development activities related to drugs that require fetal bovine serum. These factors contribute to the growth of the fetal bovine serum market in the region.

Leading Competitors

The leading prominent companies profiled in the global fetal bovine serum market are:

Danaher (Cytiva)

Merck KGaA (Sigma Aldrich)

HiMedia Laboratories Pvt. Limited

Bio-Techne Corporation

Sera Scandia (Biowest)

Sartorius (Biological Industries)

Atlas Biologicals

Rocky Mountain Biologicals

PAN-Biotech

Thermo Fisher Scientific Incorporated

Other Prominent Players

Scope of the Report

The global fetal bovine serum market segmentation focuses on Application, End-User, and Region.

Segmentation based on Application

Biopharmaceuticals

Human and Animal Vaccine

Others (IVF and IVD)

Segmentation based on End-User

Biotechnology & Pharmaceutical Industries

Academic Institutes

Others (Research labs, Diagnostic labs, CRO, CMO, and IVF centers)

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Segmentation based on Region

North America

The U.S.

Canada

Mexico

Europe

Western Europe

The UK

Germany

France

Italy

Spain

Rest of Western Europe

Eastern Europe

Poland

Russia

Rest of Eastern Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Middle East & Africa (MEA)

UAE

Saudi Arabia

South Africa

Rest of MEA

South America

Brazil

Argentina

Rest of South America

What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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Updated : 2022-05-25 09:15 GMT+08:00