Fetal Bovine Serum Market Overview:
Fetal Bovine Serum Market was valued at USD 871.90 Million in 2021, registering a CAGR of 6.7% during the forecast period (2022-2030), and is projected to be worth USD 1,562.95 by 2030. The growing need for fetal bovine serum for research & development activities across a variety of areas, especially in the pharmaceutical and drug development arena, is one of the significant market factors contributing to the growth of the fetal bovine serum market. Along with this, the prevalence of acute and chronic disorders is expected to rise worldwide, and fetal bovine serum’s effectiveness is predicted to increase its uptake. This is expected to fuel the expansion of the global fetal bovine serum market throughout the forecast period.
Fetal Bovine Serum Market Dynamics:
Fetal Bovine Serum is produced using a closed collection system, typically at a slaughterhouse, from the blood of a fetus of a bovine. The serum is frequently added to the fundamental growth media in cell culture. The most popular type of serum is fetal bovine serum (FBS), which has a high concentration of elements that support embryonic growth. The serum has many advantages for cell culture, including macromolecular proteins, water-insoluble component transporters, such as nutrients with low molecular weights, and additional elements needed for the in vitro growth of cells, such as hormones and attachment factors.
Driver:
The significant rise in the consumption of culture medium in emerging nations around the world is a major element influencing the growth and demand of the fetal bovine serum market. Additionally, it is projected that increased R&D efforts toward the development of novel biopharmaceuticals and the development of the biopharmaceutical industry are expected to fuel market expansion. Additionally, the market expansion is fueled by an increase in funding and investments for research initiatives in both developed and developing nations.
Restraint:
Growing ethical concerns about the collection of fetal bovine serum are anticipated to restrain the expansion of the global market for fetal bovine serum. The fluctuating price of fetal bovine serum and the variance between the various geographic regions from which the serum is generated and collected are a few other issues that could restrain the market’s expansion.
COVID-19 Analysis of Fetal Bovine Serum Market:
The market for fetal bovine serum continues to benefit from COVID-19’s overall effects. Fetal bovine serum is widely utilized in the creation of vaccines and in the generation of in vitro cell cultures. A culture medium in which the targeted virus or bacteria is cultivated and the response is determined is typically needed for the in vitro evaluation of vaccines and antivirals. Supplemental fetal bovine serum is utilized in the growing medium for vaccinations.
Fetal Bovine Serum Market Report Cover:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Million) | 1,562.95 Million |
| CAGR (2022-2030) | 6.7% |
| By Application | Biopharmaceuticals, Human & Animal Vaccines and Others |
| By End-use | Biotechnology & Pharmaceutical Industries, Academic Institutes and Others |
| By geography | North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) The Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA) |
| Key Players | Thermo Fisher Scientific Inc., Merck KGaA, GENERAL ELECTRIC, Moregate Biotech, Atlanta Biologics Inc., Gemini Bio-Products, and Bovogen BiologicsPty ltd. |
Fetal Bovine Serum Market Segment Analysis:
By Application
By application, the fetal bovine serum market is segmented into the pharmaceuticals sector was the largest revenue contributor, and is expected to grow significantly as a result of the increased adoption of biopharmaceuticals drugs and the rise in chronic diseases like cancer, arthritis, and cardiovascular disease around the world. These are the two most important factors predicting the market’s growth. Further, segments such as human & animal vaccines and others are expected to support the growth of the fetal bovine serum market.
By End-Use
The biotechnology & pharmaceutical industries sector accounted for the largest revenue contributor by end-user and is anticipated to expand significantly over the forecast period. Due to increased usage of fetal bovine serum for the development of biopharmaceuticals and human and animal vaccines. Additionally, rising consumer demand from consumers of conventional serum and improvements in academic and research endeavors by the commercial and public sectors are the main drivers of market expansion.
By Region
The regional segment is divided into North American, Asia-Pacific, European, Latin American, and Middle East & Africa. The two largest markets for fetal bovine serum at the moment are North America and Europe, and they are anticipated to hold a higher share of the market during the projected period. This is owing to the large numbers of cattle and bovine in these areas, which allow the production of fetal bovine serum, as well as the significant amount of R&D activities carried out. Due to the enormous amount of cattle in the population and the favorable government funding for research and development, Australia is anticipated to offer the largest market opportunity in the Asia Pacific region.
Fetal Bovine Serum Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. The majority of manufacturers are concentrating on new product launches, improvements to current products, and mergers and acquisitions. –
- Thermo Fisher Scientific Inc.
- Merck KGaA
- GENERAL ELECTRIC
- Moregate Biotech
- Atlanta Biologics Inc.
- Gemini Bio Products
- Bovogen BiologicsPty ltd.
Table of Content
- Introduction
- Market Introduction
- Market Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Limitations of the Study
- Product Picture of Fetal Bovine Serum
- Global Fetal Bovine Serum Market: Classification
- Geographic Scope
- Years Considered for the Study
- Research Methodology in brief
- Parent Market Overview
- Overall Fetal Bovine Serum Market Regional Demand
- Research Programs/Design
- Market Breakdown and Data Triangulation Approach
- Data Source
- Secondary Sources
- Primary Sources
- Primary Interviews
- Average Type primary breakdown ratio
- Market Dynamics
- Drivers
- Drivers
- Restraints
- Restraints
- Opportunity
- Impact forces on market dynamics
- Impact forces during the forecast years
- Industry Value Chain
- Upstream analysis
- Downstream analysis
- Therapeutic
- Direct Channel
- Indirect Channel
- Potential Customers
- Manufacturing/Operational Cost Analysis
- Pricing Analysis by Region
- Key Product Landscape
- Regulatory Analysis
- Porter’s Analysis
- Supplier Power
- Buyer Power
- Substitution Threat
- Threat from New Entry
- Competitive Rivalry
- PESTEL Analysis
- Political Factors
- Economic Factor
- Social Factors
- Technological Factor
- Environmental Factors
- Legal Factor
- Covid-19 impact on Global Economy
- Covid-19 impact on Fetal Bovine Serum Market demand
- Post-Covid Impact on Fetal Bovine Serum Market Demand
- Impact Analysis of Russia-Ukraine Conflict
- Drivers
- Global Fetal Bovine Serum Market Segmentation, Revenue (USD Million), (2022-2030)
- By Application
- Biopharmaceuticals
- Human and Animal Vaccine
- Others (IVF and IVD)
- By End-Use
- Biotechnology & Pharmaceutical Industries
- Academic Institutes
- Others (Research labs, Diagnostic labs, CRO, CMO, and IVF centers)
- By Application
- By Global Fetal Bovine Serum Market Overview, By Region
- North America Fetal Bovine Serum Market Revenue (USD Million), by Countries, (2022-2030)
- US
- By Application
- By End-Use
- Canada
- Mexico
- US
- Europe Fetal Bovine Serum Market Revenue (USD Million), by Countries, (2022-2030)
- France
- UK
- Spain
- Russia
- Italy
- BENELUX
- Asia Pacific Fetal Bovine Serum Market Revenue (USD Million), by Countries, (2022-2030)
- China
- Japan
- Australia
- South Korea
- India
- ASEAN
- North America Fetal Bovine Serum Market Revenue (USD Million), by Countries, (2022-2030)
- Latin America Fetal Bovine Serum Market Revenue (USD Million), by Countries, (2022-2030)
- Brazil
- Argentina
- Chile
- The Middle East and Africa Fetal Bovine Serum Market Revenue (USD Million), by Countries, (2022-2030)
- GCC
- Turkey
- South Africa
- Global Fetal Bovine Serum Market Revenue: Competitive Analysis, 2021
- Key strategies by players
- Revenue (USD Million and %), By manufacturers, 2021
- Player Positioning by Market Players, 2021
- Competitive Analysis
- Thermo Fisher Scientific Inc.
- Business Overview
- Business Financials (USD Million)
- Product Category, Source, and Specification
- Main Business/Business Overview
- Geographical Analysis
- Recent Development
- Swot Analysis
- Merck KGaA
- GENERAL ELECTRIC
- Moregate Biotech
- Atlanta Biologics Inc.
- Gemini Bio Products
- Bovogen BiologicsPty ltd.
- Thermo Fisher Scientific Inc.
- Market Research Findings & Conclusion
Disclaimer
Research Methodology
The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.