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Fetal Bovine Serum Market Will Benefit from Rising Cases of Chronic Diseases Among Cattles
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As per the report, the increasing demand for fetal bovine serum for research & development initiatives across a number of fields is expected to propel the growth of the global fetal bovine serum market. For instance, according to a study by the National Center for Biotechnology Information (NCBI), the fetal bovine serum has experienced a surge in prices by more than 300% owing to the increasing demand and limited availability.
Some Of The Major Companies That Are Present In The Global Fetal Bovine Serum Market Are:
• Thermo Fisher Scientific Inc.
• Merck KGaA
• GENERAL ELECTRIC
• Moregate Biotech
• Atlanta Biologicals, Inc.
• Gemini Bio-Products
• Bovogen Biologicals Pty Ltd
• And others.
The report elucidates about the growing research and development activities by pharmaceutical companies in the fetal bovine serum market. It also unveils the recent acquisitions and product launches besides stressing on the market drivers and factors that are restricting the expansion of the global fetal bovine serum market.
Launch of First Premium Cell Culture Product By Nucleus Biologics Will Enable Growth
Nucleus Biologics, a cell culture products supplier, launched its first premium product- a fetal bovine serum (FBS). The FBS is exceptionally low-viral risk and is ideal for bioproduction or research applications in stem cells, vaccines, antibodies, CAR-T cells, immunotherapies or any sensitive scientific experiments. The launch of fetal bovine serum (FBS) will boost the global fetal bovine serum market revenue. Moreover, the launch of a new testing service by GE Healthcare is expected to enable growth of the global fetal bovine serum market. For instance, GE Healthcare and Oritain announced the launch of testing service for the combatting of serum fraud.
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Rising Cases Of Chronic Diseases Will Stimulate Growth
In addition, the increasing prevalence of acute and chronic diseases is likely to encourage the growth of the global fetal bovine serum market during the forecast period. Nonetheless, rising ethical concerns associated with the collection of the fetal bovine serum is expected to hamper the global fetal bovine serum market growth. Additionally, the volatile pricing of the fetal bovine serum and the disparity across various regions will further hinder the growth of the global fetal bovine serum market during the forecast period.
Rising R&D Investments Will Boost Growth In North America
Geographically, the global fetal bovine serum market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe are the two largest markets for fetal bovine serum presently. North America and Europe are expected to account for a larger proportion of the market during the forecast period owing to the huge populations of bovine and cattle which will increase the production of fetal bovine serum in the region. The rising R&D activities will further enable growth in North America and Europe. In Asia Pacific, Australia is expected to offer huge opportunities owing to the cattle population pool and favorable government support for research and development.
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