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Serum Market 2023 - Industry Analysis, Size, Market Trends, Top Key Drivers, Major Players, Regional Analysis And Forecast To 2032
Serum Market Analysis
Serum Market Size, Growth Rate, And Forecast
The global serum market size is expected to grow from $1.17 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global serum market size is expected to grow to $1.88 billion in 2027 at a CAGR of 9.9%.
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Serum Market Drivers
The rise in awareness about age-related skin issues is expected to propel the growth of the serum market going forward. Age-related skin issues refer to skin conditions common among aging people, such as wrinkles, facial movement lines and others. Serum treats age-related skin conditions like dullness, hyperpigmentation, dehydration, wrinkles, and loss of firmness as well as evens out skin tone, lightens it, reduces visible flaws, and leaves skin nourished.
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Serum Market Segments
1) By Type: Bovine Serum, Fetal bovine serum (FBS), Other Types
2) By Inactivation Technique: Heat Inactivated, Non-Heat Inactivated
3) By Application: Biological Products, Research, Cell Culture, Biopharmaceutical Drugs, Vaccine Products, Diagnostic Products, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the serum market.
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Serum Market Key Players
Major competitors in the serum market include Thermo Fisher Scientific Inc., Merck KGaA, Cytiva, Bio-Techne Corporation, Atlas Biologicals Inc., Rocky Mountain Biologicals, Takara Bio Inc.
The Business Research Company's "Global Serum Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Serum Market Include:
1. Executive Summary
2. Serum Market Characteristics
3. Serum Market Trends And Strategies
4. Serum Market - Macro Economic Scenario
5. Serum Market Size And Growth
....
26. Africa Serum Market
27. Serum Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Serum Market
29. Serum Market Future Outlook and Potential Analysis
30. Appendix
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