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Fetal Bovine Serum (FBS) Market Size Worth USD 5.63 Billion in 2032 - Emergen Research
Fetal Bovine Serum (FBS) Market
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Key Market Drivers and Trends
Growing Need for Serum-Free Alternatives
The development of serum-free media and new technologies, such as recombinant proteins and human platelet lysates, is transforming the FBS landscape. These innovations aim to reduce dependency on animal-derived components, improving the quality and consistency of FBS for cell culture applications. Companies are exploring more ethical and cost-effective alternatives to FBS, ensuring more sustainable use in biotechnology and medical fields.
Prevalence of Chronic Diseases
The rising prevalence of chronic diseases such as autoimmune and neuromuscular disorders has increased the demand for FBS in research and drug development. According to the World Health Organization (WHO), 71% of global deaths are caused by chronic diseases, with factors like aging populations and unhealthy lifestyles contributing to this surge. FBS is integral to developing treatments and testing therapies for these conditions.
Advances in Technology
Breakthroughs in technology, such as OMEAT's launch of "Plenty," a cost-effective and ethical FBS alternative, are expected to reshape the market. OMEAT's innovation targets industries reliant on FBS, including cultivated meat production, regenerative medicine, and vaccine manufacturing. Such developments offer sustainable solutions, aligning with global trends toward ethical scientific practices.
Market Challenges
Despite these advancements, the high cost of FBS continues to be a challenge. The production of FBS is labor-intensive, requiring the collection of blood from pregnant cows, which drives up costs. Additionally, the ethical considerations associated with this process pose challenges for industries reliant on FBS. Nevertheless, the growing adoption of advanced technologies and ethical alternatives is expected to alleviate some of these concerns in the future.
FBS Market Segmentation: Product and Application Insights
Stem Cells Leading in FBS Use
The stem cell segment dominates the FBS market, as FBS provides essential nutrients, growth factors, and hormones critical for the growth and maintenance of stem cells. Although alternatives like serum-free media are being developed, FBS remains the top choice for researchers due to its superior performance in supporting stem cell proliferation and differentiation.
Increasing Demand for Charcoal-Stripped FBS
Charcoal-stripped FBS, which removes impurities and contaminants that may interfere with cellular processes, is expected to experience steady growth. The demand for this refined product is rising in research and development (R&D) applications, particularly where high-quality, contaminant-free FBS is required.
Cell Culture Driving Application Growth
The cell culture segment is anticipated to account for the largest market share during the forecast period. FBS plays a crucial role in basic research and cellular biology, supporting the exploration of cell signaling pathways and new therapies. Additionally, FBS is essential for drug discovery and vaccine development, as it supports the growth of cells used for testing drug candidates and producing vaccines.
Steady Growth in IVF
Advancements in in-vitro fertilization (IVF) techniques, such as artificial intelligence (AI) and improved embryo culture systems, are driving the demand for FBS in this sector. FBS provides vital nutrients and growth factors for embryo development, making it indispensable in the growing IVF market.
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FBS Market by End-Use: Pharmaceutical and Biotech Industries Lead
Pharmaceutical and biotech companies are expected to dominate the FBS market, driven by the need for effective cell culture solutions in drug development and vaccine production. These industries heavily invest in research and development (R&D), where FBS plays a vital role. In addition to supporting cell culture, FBS is used to produce vaccines, further driving its demand in pharmaceutical applications.
Fetal Bovine Serum Top Companies and Competitive Landscape
The global FBS market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more Fetal Bovine Serum solutions.
Some major players included in the global Fetal Bovine Serum market report are:
Thermo Fisher Scientific Inc.
Danaher
Bio-Techne
Merck KGaA
HiMedia Laboratories.
Panacea Biotec
GE Healthcare
TCS Biosciences Ltd
Tissue Culture Biologicals
ROCKY MOUNTAIN BIOLOGICALS
Fetal Bovine Serum Latest Industry Updates
On 8 December 2021, Thermo Fisher Scientific Inc. announced to acquire PPD, Inc. This acquisition enables Thermo Fisher to provide a comprehensive range of services throughout the entire drug development process, starting with scientific research and ending with the production of the final drug product. Thermo Fisher's services now include safety and efficacy assessments, clinical trial management, and drug development and manufacturing.
On 1 September 2021, BioLife Solutions announced the acquisition of Sexton Biotechnologies. Sexton's expertise in bio production tools includes proprietary closed vials for cell therapy final dose packaging, Human Platelet Lysate (HPL) media, a bio-defined alternative to fetal bovine serum or human serum for cell manufacturing, and automated cell processing machines. These innovative products are currently being used in over 50 clinical trials for new cell and gene therapies.
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For the purpose of this report, Emergen Research has segmented the global FBS market on the basis of product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2019-2032)
Charcoal Stripped
Exosome Depleted
Stem Cell
Others
Application Outlook (Revenue, USD Billion; 2019-2032)
Cell Culture
Drug Discovery
IVF
Others
End-Use Outlook (Revenue, USD Billion; 2019-2032)
Pharmaceutical and Biotechnology Companies
Contract Research Organization
Research Institute
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
Look Over transcripts provided by Emergen Research
Fetal Bovine Serum (FBS) Market Size@ https://www.emergenresearch.com/industry-report/fetal-bovine-serum-market/market-size
Fetal Bovine Serum (FBS) Market Share@ https://www.emergenresearch.com/industry-report/fetal-bovine-serum-market/market-share
Fetal Bovine Serum (FBS) Market Trends@ https://www.emergenresearch.com/industry-report/fetal-bovine-serum-market/market-trends
Fetal Bovine Serum (FBS) Regional Market Demand@ https://www.emergenresearch.com/industry-report/fetal-bovine-serum-market/regional-market-demand
Fetal Bovine Serum (FBS) Market Analysis@ https://www.emergenresearch.com/industry-report/fetal-bovine-serum-market/market-analysis
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Emergen Research
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors
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