Press release
Fetal Bovine Serum Market Research Report, Trends, Demand, Key Players Analysis and Forecast 2024-2032
Fetal Bovine Serum Market
Base Year: 2023
Forecast Years: 2024-2032
Historical Years: 2018-2023
Units: USD Million
Market Size in 2023: USD 1,003.4 Million
Market Forecast in 2032: USD 1,592.4 Million
Market Compound Annual Growth Rate 2024-2032: 5.1%
IMARC Group's latest report, titled "Fetal Bovine Serum Market Report by Product (Charcoal Stripped, Chromatographic, Dialyzed Fetal Bovine Serum, Exosome Depleted, Stem Cell, and Others), Application (Biopharmaceuticals, Cell Culture, Human and Animal Vaccine Production, and Others), End User (Biotechnology and Pharmaceutical Companies, Academic Institutes, Research Laboratories, and Others), and Region 2024-2032", the global fetal bovine serum market size reached US$ 1,003.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,592.4 Million by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
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Fetal Bovine Serum Market Trends:
The global market is growing due to increased demand in cell culture applications across biotechnology and pharmaceutical sectors. Furthermore, advancements in drug development, particularly in vaccines and therapeutic proteins, are fueling its use. Moreover, rising investments in life sciences research, especially in developing regions, are encouraging further expansion.
Additionally, the growing prevalence of chronic diseases worldwide has increased the need for more effective research models, impelling the demand for FBS. Besides, the increasing focus on stem cell research and regenerative medicine continues to drive market growth. Moreover, government support for biotechnology research initiatives has created a favorable environment for market expansion. Additionally, the expanding use of FBS in in-vitro fertilization (IVF) studies and animal health products further supports market dynamics.
Leading Key Players Operating in the Fetal Bovine Serum Industry:
• Atlas Biologicals Inc
• Biological Industries (Sartorius AG)
• Bio-Techne Corporation
• BioWest, Bovogen Biologicals Pty Ltd
• General Electric Company
• HiMedia Laboratories
• Merck KGaA
• PAN-Biotech
• Rocky Mountain Biologicals
• TCS Biosciences Ltd
• Thermo Fisher Scientific Inc
Fetal Bovine Serum Market Scope & Growth Analysis:
The market scope is broadening due to the growing focus on personalized medicine, particularly in oncology and regenerative medicine. Moreover, the rising adoption of 3D cell culture techniques in various industries, including pharmaceuticals and cosmetics, is enhancing the use of FBS. Furthermore, the increasing need for efficient production of biologics is contributing to the growth of the market. In line with this, The emergence of innovative research methods in academic institutions, which rely on FBS as a critical reagent. Besides, the integration of FBS into various diagnostic applications has also created new avenues.
Additionally, rising collaborations between pharmaceutical companies and research institutions globally are creating new growth opportunities. The growing number of contract research organizations (CROs) are supporting pharmaceutical research, thus contributing to the increased use of FBS. The rising interest in FBS alternatives, including serum-free media, is pushing FBS producers to innovate and offer hybrid solutions to maintain market relevance.
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/fetal-bovine-serum-market
Key Market Segmentation:
Breakup by Product:
• Charcoal Stripped
• Chromatographic
• Dialyzed Fetal Bovine Serum
• Exosome Depleted
• Stem Cell
• Others
Breakup by Application:
• Biopharmaceuticals
• Cell Culture
• Human and Animal Vaccine Production
• Others
Breakup by End User:
• Biotechnology and Pharmaceutical Companies
• Academic Institutes
• Research Laboratories
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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