Fetal Bovine Serum Market Size to Generate $ USD 1.37 billion by 2030, at 5.4% CAGR - Allied Market Research

According to the report published by Allied Market Research, The Global Fetal Bovine Serum Market Size stood at USD 796.25 million in 2020 and is projected to reach USD 1.37 billion by 2030, exhibiting a CAGR of 5.4% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.

Increase in R&D investments, rise in demand for fetal bovine sera, and increase in biopharmaceutical production fuel the global fetal bovine serum market. On the other hand, ethical and scientific concerns toward the collection of fetal bovine serum and rise in the use of alternatives hamper the market growth. On the contrary, untapped potential of developing countries creates several opportunities.

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COVID-19 scenario:

Due to the COVID-19 pandemic, many countries announced complete or partial lockdown, imposed social distancing measures, and advised to postpone some medical procedures and surgeries.
This is expected to impact the global fetal bovine serum market.

Travel restrictions and lack of workforce have affected production and distribution cycles.

However, the demand for fetal bovine serum increased as the fetal bovine serum is widely used in in-vitro cell-culture preparation and vaccine production.

Key Players of Global Fetal Bovine Serum Market Report-

• Merck KGaA (Sigma Aldrich)
• Danaher (Cytiva)
• HiMedia Laboratories Pvt., Ltd
• Sera Scandia (Biowest)
• Bio-Techne
• Atlas Biologicals
• Sartorius (Biological Industries)
• PAN-Biotech
• Rocky Mountain Biologicals
• Thermo Fisher Scientific Inc.

Global Fetal Bovine Serum Market Segmentation: -

By application

• Biopharmaceuticals
• Human and Animal Vaccine
• Others (IVF and IVD)

By End User

• Biotechnology & Pharmaceutical Industries
• Academic Institutes
• Others (Research labs, Diagnostic labs, CRO, CMO and IVF centers) 

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By Region Outlook

• North America
(U.S., Canada, Mexico)

• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)

• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

Based on region, North America contributed to the highest share in 2020, holding around two-fifths of the total share, and is expected to maintain dominance during the forecast period. The global fetal bovine serum market across the Asia-Pacific is anticipated to exhibit the fastest CAGR of 7.2% during the forecast period.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
• How big is the global & regional market in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• Which region has more opportunities?

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