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Critical Insights into the Booming Fetal Bovine Serum Market: Trends and Forecasts 2032 || Sartorius AG, GE Healthcare, PAN- Biotech
Fetal Bovine Serum Market
The Business Research Company's Fetal Bovine Serum Global Market Report 2023 identifies the increase in demand for biopharmaceuticals is the major driver for the fetal bovine serum market's growth 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.
The global fetal bovine serum market size will grow from $1010 million in 2022 to $1067.44 million in 2023 at a compound annual growth rate (CAGR) of 5.7% . 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 market size of the fetal bovine serum is expected to grow to $1419.98 million in 2027 at a CAGR of 7.4%.
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Major competitors 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, TCS Biosciences Ltd., Bovogen Biologicals Pty Ltd.
A key trend in the fetal bovine serum market includes increasing collaborations between companies and research intuitions. Major companies are collaborating for increasing production capabilities, expanding market share and developing new products. For instance, US based GE Healthcare collaborated with New Zealand based Oritain for developing an independent test that can confirm the country of origin of fetal bovine serum (FBS) which would help biomanufacturing entities as FBS used in different countries pose different risk levels for virus contamination.
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The fetal bovine serum market is segmented -
1) By Product: Charcoal Stripped, Chromatographic, Dialyzed Fetal Bovine Serum, Exosome Depleted, Stem Cell, Other Products
2) By Application: Drug Discovery, Cell Culture Media, In Vitro Fertilization, Human and Animal Vaccine Production, Diagnostics, Other Applications
3) By End-User: Research and Academic Institutes, Biotechnology and Pharmaceutical Industry, Other End-Users
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the fetal bovine serum market.
The Business Research Company's "Global Fetal Bovine Serum Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fetal Bovine Serum Market Include:
1. Executive Summary
2. Fetal Bovine Serum Market Characteristic
3. Fetal Bovine Serum Market Trends And Strategies
4. Fetal Bovine Serum Market - Macro Economic Scenario
5. Fetal Bovine Serum Market Size And Growth
……………
27. Fetal Bovine Serum Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fetal Bovine Serum Market
29. Fetal Bovine Serum Market Future Outlook And Potential Analysis
30. Appendix
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