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Increasing Awareness Of Age-Related Skin Issues Fuels Growth In The Serum Market: Pivotal Factor Influencing Serum Market Growth in 2025
Serum
Serum Market Size Growth Forecast: What to Expect by 2025?
The value of the serum market has experienced substantial growth recently, with an increase from $1.42 billion in 2024 projected to reach $1.56 billion in 2025. This represents a compound annual growth rate (CAGR) of 9.7%. The historical growth of this market can be credited to various factors, such as medical diagnostics, clinical research, drug discovery and testing, disease surveillance, and therapeutic uses.
How Will the Serum Market Size Evolve and Grow by 2029?
Over the coming years, the serum market size is anticipated to grow extensively, targeting a growth of "$2.32 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 10.5%. Important drivers that can be associated with this enlarged forecast period growth comprise advances in precision medicine, the surge in personalized healare, wider applications in oncology, international health initiatives and the rise of the geriatric population. The key trends to be observed throughout the forecast period are customization of serum solutions, skincare with fermented ingredients, the use of -infused serums, the application of niche ingredients like retinol alternatives, and a heightened focus on diverse formulations ensuring inclusive beauty.
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What Drivers Are Propelling the Growth of Serum Market Forward?
The serum market is predicted to see substantial growth due to the growing understanding of skin conditions commonly linked to aging, such as wrinkles and lines caused by facial movements. These age-related skin problems, including dullness, hyperpigmentation, dehydration, loss of firmness, and uneven skin tone, can be effectively treated by serums. These products can lighten the skin, decrease noticeable blemishes, and provide nourishment. As an example, Melanoma UK, a patient advocacy and support group, reported in July 2022 that they forecast a 9% increase in melanoma skin cancer cases by 2025, equating to 19,513 cases. Further, death rates from the disease are anticipated to go up by 13%, leading to 3,119 fatalities. By 2040, approximately 22,886 individuals are expected to be diagnosed with this cancer. Therefore, the heightened awareness regarding age-related skin issues is fuelling the expansion of the serum market.
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Which Emerging Trends Are Transforming the Serum Market in 2025?
The serum market is witnessing a significant trend where product innovation plays a vital role. Key players in the market are directing their efforts towards creating inventive serum formulations that cater to greater skincare and beauty needs, as well as provide them an upper hand in the competitive market. An example of this is Galderma, a Swiss pharmaceutical company that specializes in skin treatments and skincare products, who in March 2022, unveiled the HA Immerse Serum. This new addition to their ALASTIN Skincare range is designed to moisturize the skin surface while supporting the skin's natural ability to generate hyaluronic acid from within, thereby creating a fuller and younger appearance of the skin over time. To ensure long-lasting skin plumpness, anti-aging effects, and hydration, ALASTIN's unique Octapeptide-45 supports the skin in naturally enhancing its own production of high molecular hyaluronic acid deep inside the skin.
What Are the Key Segments in the Serum Market?
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
Subsegments:
1) By Bovine Serum: Raw Bovine Serum, Processed Bovine Serum, Fetal Bovine Serum (FBS)
2) By Fetal Bovine Serum (FBS): FBS (Heat-Inactivated), FBS (Non-Heat-Inactivated)
3) By Other Types: Equine Serum, Porcine Serum, Human Serum
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Who Are the Key Players Shaping the Serum Market's Competitive Landscape?
Major companies operating in the serum market include Merck Group, Thermo Fisher Scientific Inc., Danaher Corp, Corning Incorporated, 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.
What Geographic Markets Are Powering Growth in the Serum Market?
North America was the largest region in the serum market in 2024. The regions covered in the serum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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