Press release
Serum Market Estimated Growth Curve, Key Market Trends, Overview 2024-2033
Serum Market
The Business Research Company offers in-depth market insights through Serum Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The serum market size has grown rapidly in recent years. It will grow from $1.29 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to medical diagnostics, clinical research, drug development and testing, disease monitoring, therapeutic applications.
The serum market size is expected to see rapid growth in the next few years. It will grow to $2.15 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to precision medicine advances, rise in personalized healthcare, expanded applications in oncology, global health initiatives, increasing geriatric population. Major trends in the forecast period include adoption of customizable serum solutions, use of fermented ingredients for skin health, introduction of CB*D-infused serums, application of niche ingredients such as retinol alternatives, emphasis on inclusive beauty and diverse formulations.
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Market Segmentation:
The serum market covered in this report is segmented -
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
Major Driver - Increasing Awareness Of Age-Related Skin Issues Fuels Growth In The Serum Market
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. For instance, according to the Cosmetic Executive Women (CEW), a US-based non-profit organization promoting the cosmetics, fragrance, and personal care industry, on average, in the 12 months ended June 2021, there were 943,500 monthly searches for aging-related skin care issues in the USA. Therefore, a rise in awareness about age-related skin issues is driving the growth of the serum market.
Competitive Landscape:
Major companies operating in the serum market report are Merck Group, Thermo Fisher Scientific Inc., Danaher Corp, Corning Incorporated, VWR International LLC, Sartorius AG, Bio-Techne Corporation, Takara Bio Inc., Atlas Biologicals Inc., Proliant Health & Biologicals, Seracare Life Sciences Inc., Lampire Biological Labs Inc., Altogen Labs, Innovative Research Inc., Lee Biosolutions Inc., Bovogen Biologicals Pty. Ltd., Caisson Labs Inc., Gemini BioProducts Holding Inc., Valley Biomedical Products & Services Inc., Equitech-Bio Inc., Rocky Mountain Biologicals, PAN-Biotech GmbH, BIOWEST SAS, Moregate Biotech, Tissue Culture Biologicals, Kerafast Inc., Access Biologicals LLC, Animal Technologies Inc., Cell Applications Inc., Cell Sciences Inc.
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Top Trend - Quanterix Leads The Serum Market With Lucentad Biomarker Blood Test For Ultra-Sensitive Alzheimer Detection
Major companies operating in the serum market are focused on introducing advanced solutions, such as ultrasensitive biomarker detection, to gain a competitive edge in the market. Ultrasensitive biomarker detection is the ability to detect and measure biomarkers at extremely low concentrations for earlier disease detection. For instance, in July 2023, Quanterix, a US-based company that provides digitizing biomarker analysis, launched the LucentAD Biomarker Blood Test. LucentAD Biomarker Blood Test is a test that measures an isoform of phosphorylated tau protein in plasma and is designed to aid physicians in the diagnosis of Alzheimer's disease in patients. This test uses a serum sample, and the results are interpreted in conjunction with other diagnostic tools. This test improves the accuracy and efficiency of Alzheimer's disease diagnosis, ultimately benefiting patients and healthcare providers.
The Table Of Content For The Market Report 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
…..
27. Serum Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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