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Serum Free Media Market Size, Share, Growth, Trends Analysis And Forecast 2023-2032 | Thermo Fisher Scientific Inc., Danaher Corp., Merck KgaA, FUJIFILM Irvine Scientific Inc., GE HealthCare Technologies Inc.
Serum Free Media Market Report
The Business Research Company's Serum Free Media Global Market Report 2023 identifies increasing prevalence of chronic diseases as the major driver for the serum free media market's growth in the forecast period. Chronic diseases last for a year or longer and necessitate continuing medical care, restricting everyday activities, or both. Serum-free media allows researchers to optimize the media for the specific cell type used and to ensure that the cells grow under optimal conditions. Further, Researchers use serum-free media to produce cell types or perform specific applications without serum, which helps develop new therapies and treatments for chronic diseases.
The global serum-free media market is expected to grow from $1.29 billion in 2022 to $1.45 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The serum-free media market is expected to reach $2.23 billion in 2027 at a CAGR of 11.3%.
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Major competitors in the serum free media market are Thermo Fisher Scientific Inc., Danaher Corp., Merck KgaA, FUJIFILM Irvine Scientific Inc., GE HealthCare Technologies Inc.
A key trend in the serum free media market includes product innovation. Major companies operating in the serum-free media market are concentrating on creating innovative products to strengthen their position in the market. For instance, in March 2021, Thermo Fisher Scientific Inc., a US-based medical equipment provider, launched Gibco CTS OpTmizer Pro Serum-Free Media (SFM). It is a first-of-its-kind media solution targeting the metabolism of healthy donor cells, making it the ideal choice for developing allogeneic, over-the-counter cell treatments. Using allogeneic processes, Gibco CTS OpTmizer Pro generates and multiplies human T lymphocytes (T-cells) for cell therapy developers.
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The serum free media market is segmented -
•By Media Type: Protein Expression Media, Immunology Media, Insect Cell Media, Hybridoma Media, Stem Cell Media, Chemically Defined Media
•By Application: Biopharmaceutical Production, Tissue Engineering And Regenerative Medicine
•By End-User: Biopharmaceutical Companies, Clinical Research Organizations, Academic Research Centers, Other End-Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the serum free media market.
The Business Research Company's "Global Serum Free Media 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 Serum Free Media Market Include:
1. Executive Summary
2. Serum Free Media Market Characteristics
3. Serum Free Media Market Trends And Strategies
4. Serum Free Media Market - Macro Economic Scenario
5. Global Serum Free Media Market Size and Growth
……
32. Global Serum Free Media Market Competitive Benchmarking
33. Global Serum Free Media Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Serum Free Media Market
35. Serum Free Media Market Future Outlook and Potential Analysis
36. Appendix
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