DUBLIN--(BUSINESS WIRE)--The "Fetal Bovine Serum Global Market Report 2022: By Product, By Application, By End-User" report has been added to ResearchAndMarkets.com's offering.
The global fetal bovine serum market is expected to grow from $946.25 million in 2021 to $1,006.42 million in 2022 at a compound annual growth rate (CAGR) of 6.4%. The growth in mainly due to increase in R&D towards development of novel biopharmaceuticals. The market is expected to reach $1,275.93 million in 2026 at a CAGR of 6.1%.
Major players in the fetal bovine serum market are Sartorius AG, GE Healthcare, PAN- Biotech, Thermo Fisher Scientific Inc., Biowest, Bio-Techne, Rocky Mountain Biologicals Inc., Merck KGaA and TCS Biosciences Ltd.
Where is the largest and fastest growing market for the fetal bovine serum? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Fetal Bovine Serum market global report answers all these questions and many more.
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.
The main types of fetal bovine serum are charcoal stripped, chromatographic, dialyzed fetal bovine serum, exosome depleted, stem cell, others. Charcoal stripped fetal bovine serum has activated carbon that helps lower levels of lipophilic compounds such as hormones, growth factors, and steroids and is used to conduct receptor or estrogen related studies.
The fetal bovine serum is used in drug discovery, cell culture media, in vitro fertilization, human and animal vaccine production, diagnostics and others. Fetal bovine serum is used in various sectors including research and academic institutes, biotechnology and pharmaceutical industry, others.
North America was the largest region in the fetal bovine serum market in 2021. Asia Pacific recorded the fastest growth during the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing demand for biopharmaceuticals is expected to drive the growth of the fetal bovine serum market in the forecast period. A biopharmaceutical is a medicinal product that is derived from biological sources such as animals, humans, and microorganisms using biotechnology.
Fetal bovine serum (FBS) is the most widely used substitute for animal cell culture media. Pharmaceutical firms, diagnostic laboratories, and researchers rely heavily on FBS for much of their cell culture requirements in biologics research. The global biologics market is expected to increase from $253.4 billion in 2020 to $420.5 billion by 2025. Therefore, the rising demand for biopharmaceuticals propels the growth of the 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 March 2021, Avant Meats, a Hong Kong-based cell-based marine protein startup, announced a strategic partnership with QuaCell Biotechnology, a biopharmaceutical company based in Guangdong, China, to reduce production costs and accelerate the commercialization of cultured meat.
Avant claimed that by using its fetal bovine serum-free (FBS-free) cell culture media, it was able to cut production costs by 90%. The collaboration with QuaCell will further reduce costs by 75%. The collaboration is one of the earliest attempts to outsource production to a biopharmaceutical manufacturer.
Key Topics Covered:
1. Executive Summary
2. Fetal Bovine Serum Market Characteristics
3. Fetal Bovine Serum Market Trends And Strategies
4. Impact Of COVID-19 On Fetal Bovine Serum
5. Fetal Bovine Serum Market Size And Growth
5.1. Global Fetal Bovine Serum Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Fetal Bovine Serum Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Fetal Bovine Serum Market Segmentation
6.1. Global Fetal Bovine Serum Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Charcoal Stripped
- Chromatographic
- Dialyzed Fetal Bovine Serum
- Exosome Depleted
- Stem Cell
- Others
6.2. Global Fetal Bovine Serum Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Drug Discovery
- Cell Culture Media
- In Vitro Fertilization
- Human and Animal Vaccine Production
- Diagnostics
- Others
6.3. Global Fetal Bovine Serum Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Research and Academic Institutes
- Biotechnology and Pharmaceutical Industry
- Others
7. Fetal Bovine Serum Market Regional And Country Analysis
7.1. Global Fetal Bovine Serum Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Fetal Bovine Serum Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
- Sartorius AG
- GE Healthcare
- PAN- Biotech
- Thermo Fisher Scientific inc.
- Biowest
- Bio-Techne
- Rocky Mountain Biologicals inc.
- Merck KGaA
- TCS Biosciences Ltd.
- Bovogen Biologicals Pty Ltd.
- Tissue Culture Biologicals
- Atlanta Biologicals inc.
- Atlas Biologicals
- Acess Biologicals
- Animal Technologies inc.
- Nucleus Biologics
- Corning inc.orporated
- J R Scientific inc.
- Cytiva
- Axil Scientific Pte Ltd.
- Moregate Biotech
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