Global Fetal Bovine Serum Market Trends And Strategies Of Major Players In The Fetal Bovine Serum Market 2021-2030
4 Jun, 2021
The fetal bovine serum market consists of sales of fetal bovine serum by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing fetal bovine serum and related services. Fetal bovine serum refers to the liquid fraction of clotted blood from fetal calves, with reduced cells, fibrin, and clotting factors. It has high concentration of nutritional and macromolecular factors essential for cell growth and is a critical raw material for animal care, biotechnology, drug development, diagnostics, and other fields of research.
Global Fetal Bovine Serum Market Size And Drivers:
The global fetal bovine serum market is expected to grow from $855.80 million in 2020 to $946.25 million in 2021 at a compound annual growth rate (CAGR) of 10.6%. The growth is mainly due to increase in R&D towards development of novel biopharmaceuticals. The fetal bovine serum market is expected to reach $1,175.36 million in 2025 at a CAGR of 5.6%. The increasing demand for biopharmaceuticals is expected to drive the growth of the fetal bovine serum market in the forecast period.
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Trends In The Global Fetal Bovine Serum Market
Increasing collaborations between companies and research intuitions is a key trend gaining popularity in the fetal bovine serum market. Major companies are collaborating for increasing production capabilities, expanding market share and developing new products. For instance, in 2017, US based GE Healthcare collaborated with New Zealand based Oritain for developing an independent test that can confirm the country of origin of fetal bovine serum (FBS) which would help bio-manufacturing entities as FBS used in different countries pose different risk levels for virus contamination..
Global Fetal Bovine Serum Market Segments:
The global fetal bovine serum market is further segmented based on product, application, end user and geography.
By Product: Charcoal Stripped, Chromatographic, Dialyzed Fetal Bovine Serum, Exosome Depleted, Stem Cell, Others
By Application: Drug Discovery, Cell Culture Media, In Vitro Fertilization, Human and Animal Vaccine Production, Diagnostics, Others
By End-User: Research And Academic Institutes, Biotechnology And Pharmaceutical Industry, Others
By Geography: The global fetal bovine serum market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the fetal bovine serum market in 2020.
Read More On The Report For The Global Fetal Bovine Serum Market At:https://www.thebusinessresearchcompany.com/report/fetal-bovine-serum-global-market-report
Fetal Bovine Serum Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides fetal bovine serum market overviews, analyzes and forecasts market size and growth for the global fetal bovine serum market, fetal bovine serum market share, fetal bovine serum market players, fetal bovine serum market segments and geographies, fetal bovine serum market’s leading competitors’ revenues, profiles and market shares. The fetal bovine serum market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.