+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Global Fetal Bovine Serum Market: Savvy Players Resort to Partnerships to Bolster Position, notes TMR

Posted on Jan 02, 2018

Transparency Market Research (TMR), in one of its recent market study states the global fetal bovine serum market to be large consolidated with the presence of a few dominant players. Despite competition, Thermo Fisher Scientific Inc. dominated the market in 2016. Savvy players are engaged in partnerships and strategic collaborations to bolster their position, says the report.

Some other prominent players in the fetal bovine serum market are Merck KGaA, TCS Biosciences Ltd., Atlanta Biologicals Inc., Rocky Mountain Biologicals, Tissue Culture Biologicals, GE Healthcare, HiMedia Laboratories, PAN-Biotech, and Bovogen Biologicals Pty Ltd.

A report by Transparency Market Research forecasts the global fetal bovine serum market to clock a healthy 8.0% CAGR for the forecast period from 2017 to 2025, for the market to be worth US$1,396.1 mn by 2025 from US$695.3 mn in 2016.

In terms of application type, the cell culture media segment led the overall market in 2016, and the segment is anticipated to hold on to its lead position until the end of the forecast period. Geography-wise, North America held the leading share of the fetal serum bovine market in 2016 vis-à-vis revenue. This is due to a high consumption of fetal bovine serum in the region.

Efficacy and Safe Nature of Fetal Bovine Serum Drives Uptake for Research

Worldwide, increase in number of academic research institutes is driving the demand for fetal bovine serum. Various governments are collaborating with academic research institutes to support research activities. Fetal bovine serum is a key raw material used in pharmaceutical, biotechnology, diagnostics, and veterinary industries. Fetal bovine serum is important for ground-breaking research in drug development and has wide applications in cell-based pharmaceutical research. A by-product of the beef industry, fetal bovine serum is a crucial raw material for animal health, pharmaceutical industry, biotechnology, and diagnostic as well as various other research areas, due to its efficacy and safe nature for most experimental procedures.

The fraction of blood that remains after cattle fetus is centrifuged to remove RBCs is fetal bovine serum. Fetal bovine serum amplifies cell cycle and cell metabolism and is an important element of the nutrient media which consists vitamins, nutrients, and hormones.

Dependence on Climatic Conditions and Rising Demand of Dairy Leads Declines Product Availability

The global fetal serum bovine market is witnessing unparalleled dynamics. The average cost of fetal bovine serum globally has increased exponentially as the availability of fetal bovine serum is dependent on environmental factors. The fetal bovine serum industry is witnessing product shortage due to adverse environmental conditions, along with increased beef and dairy demand that has led to a drastic drop in cattle herd population lowest in 60 years. This, along with a mergers and product calls has led to reduced product availability and hike in product costs.

Fetal bovine serum is commonly used as a supplement in cell culture media. It provides macromolecules, proteins, low molecular weight, enzymes protein, trace elements, hormones, and other chemical components for cell culture media.

The emergence of contract research organizations predominantly in emerging economies is anticipated to drive the fetal bovine serum market in these regions. The demand for fetal bovine serum is increasing from research institutes in Asia Pacific in the upcoming years.

The review presented here is based on the findings of a TMR report, titled “Fetal Bovine Serum Market (Application Type - Drug Discovery, Cell Culture Media, In vitro Fertilization, Human and Animal Vaccine Production, and Diagnostics; End-user - Research & Academic Institutes, and Industry (pharma, biotech, etc.)) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025.”

The global fetal bovine serum market is segmented as follows:

Global Fetal Bovine Serum Market, by Application

  • Drug Discovery
  • Cell Culture Media
  • In vitro Fertilization
  • Human and Animal Vaccine production
  • Diagnostics
  • Others

Global Fetal Bovine Serum Market, by End-user

  • Research & Academic Institutes
  • Industry (pharma, biotech, etc.)

Global Fetal Bovine Serum Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • India
    • China
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC countries
    • South Africa
    • Israel
    • Rest of Middle East & Africa

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Back To Top