The Fetal Bovine Serum Market Size was assessed at USD 0.9 billion in 2022 and is expected to USD 1.5 billion by 2030
Overview:
The Fetal Bovine Serum Market Size was assessed at USD 0.9 billion in 2022 and is expected to expand from USD 0.95 billion in 2023 to USD 1.5 billion by 2030, with a compound annual growth rate (CAGR) of 5.7% during the forecast period (2023– 2030). The global market is expecting strong tailwinds from improvements in the research and development sector, increased funding from governments and private bodies, heightened demand from various traditional serum users, and its hike in expansion in the emerging nations.
However, the fetal bovine serum market may find it a bit difficult to grow in the coming years due to the financial crisis triggered by COVID-19.
Segmentation:
The global fetal bovine serum market insights, as in the report released by MRFR, has been segmented by application, product type, and end user. These segments hold various market dynamics and factors known for their influential contributions in furthering the market concerns. A deep look into these could reveal various pointers that can help companies in planning their moves.
By product type, the report on the fetal bovine serum market can be segmented into Charcoal Stripped, Dialyzed Fetal Bovine Serum (FBS), Chromatographic, Stem Cell, Exosome Depleted, and others. The stem cell segment has sub-segments like embryonic stem cells qualified, and mesenchymal stem cell qualified.
By application, the report discussing the fetal bovine serum market can be segmented into cell culture media, drug discovery, human & animal vaccine production, diagnostics, in-vitro fertilization, and others. The drug discovery segment would increase its intake due to the recent changes in market dynamics.
By end user, the report studies the market on the basis of pharmaceutical, biotechnology, research & academic institutes, and others. The pharmaceutical sector is expected to provide substantial market back up to the global market.
Regional Analysis:
The Americas has a chance to observe high growth in the market using which it would continue its domination. The regional market is slated to benefit from the presence of the US and Canada. These two countries are known for their extensive market contributions as their pharmaceutical sectors are providing various supports to the regional market. Europe would benefit from its extensive research and development facilities. Countries from the region would invest substantially in developing new drugs. In the Asia Pacific region, the inclusion of latest technologies in various sectors to boost industrial growth would ease the path for market percolation.
Competitive Landscape:
The fetal bovine serum market share is all set to benefit from the strategic moves controlled by Merck KGaA, HiMedia Laboratories, Atlanta Biologicals Inc., Bovogen Biologicals Pty Ltd, Tissue Culture Biologicals, TCS Biosciences Ltd, RThermo Fisher Scientific, Rocky Mountain Biologicals, GE Healthcare, PAN-Biotech, Bio-Techne, Nucleus Biologics, Access Biologicals, Animal Technologies Inc., Corning Incorporated, J R Scientific Inc., Biological Industries, Wisent Inc, Moregate Biotech, Zhejiang Tianhang Biotechnology Co. Ltd., and others. MRFR listed these companies and included their recent contributions to the market to understand the momentum of the market. This would also help in gauging market reactions to various pointers and as its result, strategy-devising processes would become simpler.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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