Healthcare / Fetal Bovine Serum Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Thermo Fisher, GE Healthcare, Moregate BioTech, Gemini
Fetal Bovine Serum Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Thermo Fisher, GE Healthcare, Moregate BioTech, Gemini
The global Fetal Bovine Serum market reached a value of US$ 801.05 million in 2021. Looking ahead, the market is expected to reach $ 1,390.13 million by 2027, growing at a CAGR of 5.8% between 2022 and 2027.
Fetal Bovine Serum Market Overview
Fetal Bovine serum is a nutrient-rich fluid obtained from the blood of bovine fetuses. Animal cell culture media commonly contain fetal bovine serum (FBS), which is derived from the fetuses of cows that are capable of producing milk. It contains a number of macromolecular and nutritional components that are crucial for cell proliferation. In addition, it contains low levels of gamma globulin, hormones, carbohydrates, lipids, and amino acids. It is therefore widely used for a variety of purposes, including supplying vital nutrients and promoting cell survival and proliferation in eukaryotic cell culture. It is also employed in biotech drug development, production, research, and the oversight of both human and veterinary vaccines. There are several applications for FBS. In eukaryotic cell culture with concentration, where it offers a variety of crucial nutrients and growth factors that promote cell survival and proliferation, FBS is used most frequently.
The global fetal bovine serum market is being driven by factors such as the rapid increase in culture media consumption in emerging nations around the world, which is a key driver driving the growth and demand for fetal bovine serum. Furthermore, an increase in R&D activities aimed at the launch of novel biopharmaceuticals as well as the expansion of the biopharmaceutical industry are expected to boost market growth. Additionally, market expansion is fueled by an increase in funding and investments for research initiatives in both developed and developing nations. The number of pharmaceutical companies is growing all around the world.
Research and development are the main priorities of these businesses. The pharmaceutical and biotechnology sectors' activities are supported by numerous government programs. As a result, there is a growing need for bovine serum because it is a raw material, and providers are finding it difficult to keep up with demand because there is a lack of cow serum blood. This has caused fetal bovine serum costs to increase. Various governments are working together and supporting pharmaceutical companies and other academic research institutions with their research needs. As a result, the market is growing faster.
Captivate Bio, a scientific cell culture solutions provider headquartered in Watertown, Massachusetts, announced today it has signed a distribution agreement with denovoMATRIX GmbH, a biotechnology company located in Dresden, Germany which designs modular, biomimetic coatings for adherent cell manufacturing. Captivate Bio will become the North American distributor of myMATRIX products including the innovative screenMATRIX and myMATRIXMSC as well as the newly released myMATRIXiPSC cultureware.
What are the major Applications, Types and Regions for Fetal Bovine Serum Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
North America-sourced
South America-sourced
Australia-sourced
Others
By Application, it is segmented into
Biopharmaceuticals
Human and animal vaccine
Others
Fetal Bovine Serum Market Regional Analysis
North America held the greatest share of the global foetal bovine serum market in 2020, and this trend is expected to continue during the forecast period. The region's foetal bovine serum market is expanding primarily as a result of high healthcare spending, early availability of cutting-edge products, an increase in the population of elderly people, and the presence of numerous foetal bovine serum producers. Asia Pacific is expected to increase market share during the forecast period. The foetal bovine serum market in the region is anticipated to grow as a result of product launches, acquisitions, distribution agreements, alliances, and regional expansion by local companies, particularly in China and India.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Fetal Bovine Serum Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Fetal Bovine Serum Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Fetal Bovine Serum Market report scope?
Yes, the report can be customized as per your needs
Key Takeaways from this Fetal Bovine Serum Market Report
Evaluate Fetal Bovine Serum market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Fetal Bovine Serum market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Fetal Bovine Serum Market?
The Fetal Bovine Serum Market is growing at a CAGR of 5.8% over the next 5 years.
Who are the key players in Fetal Bovine Serum Market?
What are the significant types of Fetal Bovine Serum Market?
North America-sourced, South America-sourced, Australia-sourced, Others
What are the major end-use applications of Fetal Bovine Serum Market?
Biopharmaceuticals, Human and animal vaccine, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
