Press release
Serum-Free Media Market Forecast By 2026 | Top Key Players are Thermo Fisher Scientific Inc., Merck KGaA, GE Healthcare, Lonza, Corning Incorporated, Irvine Scientific, STEMCELL Technologies Inc., PAN Biotech, MP Biomedicals, LLC, PromoCell GmbH
To know key findings Request Sample Report @: https://www.persistencemarketresearch.com/samples/15373
Global Serum-Free Media Market: Dynamics
The global Serum-Free Media market is segmented based on media type, end user and region. By region, the global serum-free media market is segmented into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America is the most lucrative serum-free media market with revenue share of 33.5% in 2017 due high production and consumption by biopharmaceuticals in the region. Biopharmaceutical industry is the key end user of the market, it invests 12 times more in R&D than other sectors. The intensity of high R&D expenditure further focuses on the US which helps in generating highest revenue through development of innovative biopharmaceuticals. Increasing adoption of biopharmaceuticals for the treatment of various diseases for better therapeutic effect further drives the growth of serum-free media market.
Europe is second most lucrative region in serum-free media market due to high number of biopharmaceutical manufacturing companies in the region coupled with high usage of biologics for diagnosis, prevention and treatment. Increasing spending on clinical trials and academic research using serum-free media further expected to enhance the serum-free media market growth.
Request for Report Methodology @: https://www.persistencemarketresearch.com/methodology/15373
Latin America remains one of the least lucrative serum-free media market due to limited number of biopharmaceutical manufacturing sites and lower adoption of biopharmaceutical drugs. However, improving regulatory guidelines can enhance the biopharmaceutical production thereby increases consumption of serum-free media in biopharmaceuticals in Latin America region.
Asia-Pacific serum-free media market remains the fastest growing market due emerging economies like India and China coupled with increasing number of contract manufacturing organizations (CMOs) in the region. Asia-Pacific serum-free media market is expected to expand at the CAGR of 8.8% over the forecast period. Increasing spending on the R&D in academics and improving regulatory scenario for biologics further expected to enhance serum-free media market in the region. Comparatively lower cost of biopharmaceutical production in the region further attracts the biopharmaceutical companies to invest, driving the serum-free media market growth.
Key Insights
Serum-free media market growth further expected to be enhanced due to high number drugs in clinical trials. In the US and Europe more than 900 biopharmaceutical products are in some phase of clinical development and of which around 77% of them are produced in the mammalian cell culture system
Out of total new drug approvals by FDA in 2017, 26% of it were biologics. The approval of biologics has increased from 7 in 2016 to 12 in 2017 and this trend is expected to remain indicating the amount of total clinical trials going on using biopharmaceuticals coupled with increasing adoption of serum-free media for cell culture
The rapidly growing opportunity of serum-free media in biopharmaceuticals is difficult to ignore. Biopharmaceutical represents more than 20% of total pharmaceutical industry revenue generation and which is only growing year by year with significant rate
The protein content of the overall media is significantly reduced in case of serum-free media, it makes the downstream processing easier as compared to serum containing media. Since the cell environment can be controlled to more extent in serum-free media which makes downstream process comparatively easier
Serum may contain hazardous bacteria, fungi or any other components, it has been one of the major concerns for the biopharmaceutical manufacturers, and this led to eliminating animal derived component from the manufacturing procedure. Whereas, serum-free media eliminates all these risks, which makes it a preferred medium for cell culture
Global Serum-Free Media Market: Forecast
The global Serum-Free Media market is expected to witness significant growth over the forecast period due increasing adoption of serum-free media for cell culture growth. The growth of the global serum-free media market is driven by the increasing biopharmaceutical production, increasing expenditure on R&D, increasing number of clinical trials using serum-free media, increasing number of contract manufacturing organizations (CMOs), increasing usage of biopharmaceuticals for treatment of various diseases.
Get full Report Now: https://www.persistencemarketresearch.com/checkout/15373
Global Serum-Free Media Market: Competitive Landscape
Examples of some of the key participants covered in the report on the global Serum-Free Media market are Thermo Fisher Scientific Inc., Merck KGaA, GE Healthcare, Lonza, Corning Incorporated, Irvine Scientific, STEMCELL Technologies Inc., PAN Biotech, MP Biomedicals, LLC, PromoCell GmbH and others.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Serum-Free Media Market Forecast By 2026 | Top Key Players are Thermo Fisher Scientific Inc., Merck KGaA, GE Healthcare, Lonza, Corning Incorporated, Irvine Scientific, STEMCELL Technologies Inc., PAN Biotech, MP Biomedicals, LLC, PromoCell GmbH here
News-ID: 1554087 • Views: …
More Releases from Persistence Market Research (PMR)
Virtual Desktop Infrastructure Market Unit Sales to Witness heightened Growth in …
As per findings of a new market research report by Persistence Market Research, the global virtual desktop infrastructure market reached a valuation of nearly US$ 3.5 Bn in 2019, and is anticipated to exhibit a CAGR of around 12% during the forecast period of 2020 to 2030.The adoption of BYOD allows employees to bring their own devices in the organization, which allows then to access company information and applications via virtual desktop infrastructure. With such a BYOD policy, both, employers…
Physician Scheduling Systems Market to Generate Profitable Avenues for Existing …
As per findings of a new market research report by Persistence Market Research, the global physician scheduling system market reached US$ 311 Mn in 2019 and is anticipated to exhibit a healthy CAGR of 14% during the forecast period of 2020 to 2030. Adoption of physician scheduling systems is increasing across the world, as physicians encounter difficulties with increasing administrative tasks and regulations, which affects their ability to offer patient care, and they struggle to sustain their practices. To combat administrative work…
Demand for Rfid Electronic Toll Collection System Market from Major End-use Sect …
Many toll collection systems have already been developed with RFID technology, which is used to verify the identity of vehicles. RFID technology can provide new capabilities as well as an efficient method to manage, analyze, and collect information of vehicles at toll plazas. RFID electronic toll collection lanes reduce the traffic at toll booths. Increasing number of RFID lane systems, resulting in increased demand for integration, support services, and maintenance,…
Smart Home Cloud Platform Market Unit Sales to Witness heightened Growth in the …
In a smart home, appliances such as ACs, TVs, geysers, and lights have the potential to communicate with a cloud server. The cloud server communicates with these smart devices by sending and receiving signals through smartphones, laptops, or voice-enabled digital assistant devices.A homeowner can make his/her existing home smart by integrating cloud-based technology with it. Cloud computing enables homeowners to remotely access their home appliances, even if they are miles…
More Releases for Serum
Suvina Anti-Aging Serum
Suvina Anti-Aging Serum is a skincare product specially formulated to reduce the visible signs of aging on your skin. Packed with a blend of natural ingredients, antioxidants, and skin-nourishing compounds, this serum is designed to boost collagen production, hydrate deeply, and restore elasticity.
Unlike many heavy creams, serums like Suvina are lightweight and fast-absorbing, making them perfect for daily use under your moisturizer or makeup. The formula focuses on reversing aging…
Serum Market: A Comprehensive Overview
The serum market has witnessed significant growth over the past decade, driven by advances in healthcare, an aging global population, and rising awareness about the importance of health and wellness. Serum, a vital component in blood, contains antibodies, hormones, and proteins that help support various functions within the body. In the healthcare sector, serums are used extensively in medical treatments, including diagnostics, vaccines, and therapeutic applications. As technology evolves and…
Metanail Serum Pro Reviews 2023: Deos Metanail Serum Pro Work?
In the pursuit of tremendous nail care, Metanail Complex sticks out as a modern complement promoting electricity, increase, and energy. In this overview, we're going to delve into its components, advantages, personal reviews, and more to discover how it could transform your nail health.
What is Metanail complex?
Nail fungus is a common global problem, commonly beginning with white or yellow spots beneath the nail tips, resulting in brittle and discolored nails.…
"MetaNail Serum Pro Reviews" [CANADA PRICE] "MetaNail Serum Review" Full Info?
MetaNail is a topical formulation combining 20 organic and important nutrients to repair, revitalize, and also enhance nail health.
Lots of people struggle with unpleasant and harmful nails due to fungal infections. Many items claim to be able to enhance as well as repair harmed nails, however the root of the problem is usually left without treatment. Toenail fungus is a common issue that can leave you feeling shamed to show…
Cyabags Eye Serum - Reveal the light within and banish dark circles with Cyabags …
The delicate skin around our eyes is often one of the first areas to show signs of aging, stress, and fatigue. Fine lines, wrinkles, puffiness, and dark circles can make us appear tired and older than we feel. Fortunately, advancements in skincare have led to the development of potent and effective eye serums like Cyabags. In this article, we'll explore the benefits, ingredients, and user experiences associated with Cyabags Eye…
Serum-free Media Market - Optimal Nutrition, Uncompromised Results: Serum-Free M …
Newark, New Castle, USA: The "Serum-free Media Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Serum-free Media Market: https://www.growthplusreports.com/report/serumfree-media-market/8845
This latest report researches the industry structure, sales, revenue,…
