The increase in the traditional serum users is driving the global Fetal Bovine Serum Market at a fast rate.
Covid-19 Impact & Market Status
The COVID-19 had a severe impact on the production of the fetal bovine serum. This is because due to lockdown every working sector and business had to pause its works, i.e., production, transportation, and so on. Due to this, there was no manufacturing of fetal bovine serum going on. Also, the previously made fetal bovine serum was not been transported as the transportation could not process due to lockdown. This caused the downfall of the fetal bovine serum market as they were unable to sell their products. This situation was very critical because most of the companies focused on offline sale platforms at that time. But slowly, they shifted to online platforms. This helped these companies to maintain their sales as the lockdown period was over.
Also, the research groups and academic institutes had to pause their work and research due to COVID-19 and they were unable to carry forward with their studies and statistics. After lockdown, everything started to fall back at its place.
Cell Culture is the major application of fetal bovine serum.
Users demand high production of this serum and also want improvisation in its quality. One of the major reasons for this increase in demand for this serum is that it is not much expensive as compared to other high-quality serums available in this market. This makes it one of the most demanding products in the market. Also, it helps in proper cell growth and repairing as it provides sufficient and essential nutrients to the cell. This adds to its value and people mostly demand organic products as compared to chemical products. Hence, it is expected that by the end of the forecast period fetal bovine serum will be one of the highest-selling products in the market.
Growth in academic institutes and the development of more research groups are increasing the global fetal bovine serum market.
The fetal bovine serum has increased the number of academic institutes and research groups which invite more potential researchers and scientists to give their contribution. This has also increased the interest of researchers in fetal bovine serum topics. This research topic deals with the study of various nutrients and macromolecules present in this serum that support cell growth, are used for human and animal vaccines, etc.
The growth and advancements in academic initiatives and research groups have provided new opportunities to the global Fetal Bovine Serum Market.
Fetal Bovine Serum is one of the popular and widely used serums obtained from the fetuses of cows and is one of the important components of animal cell culture having a wide variety of nutritious components. With the wide variety of nutritious components, it is used for the growth of cells. It has various components like amino acids, Hormones, proteins, lipids, sugars, and much more. All these components help in cell development, nourishment, and growth by providing all the essential nutrients. Hence, it has always been an interesting topic for academic and research studies.
This topic has always attracted scientists and researchers to investigate and study more on the fetuses of cows and find if there are any other useful and nutrient-rich substances present along with the fetal bovine serum. It is also used in the manufacturing of drugs, human vaccines, and animal vaccines that boosts the immunity of humans and animals and help them to recover from any injury.
The CAGR (Compound Annual Growth Rate) of the global post-tensioning system market is expected to be 5.84% with an increased market size of USD 1.4 Billion.
The investments by the government in the expansion of research and development groups related to biotechnology and biopharmaceuticals have increased the growth of the global fetal bovine serum market. The traditional serum users require bioproducts as they are rich in nutrients. Hence, this is increasing the demand for biochemical products that enhance cell growth and add valuable nutrients to the cell. The major thing is that it can be directly injected into our bodies and has no side effects so far.
But the processing and manufacturing of these components are not easy. As fetal bovine serum comes from the fetuses of cows, it is not easy to extract it from other components. Also, many other chemical alternatives play the role of the substituent for the fetal bovine serum. They are easy to manufacture and produce, hence, they dominate the market and are popular among many users. The availability of a product plays an important role in its usage rate and market growth.
Among all the end-users, the pharmaceutical industries are one of the major users of fetal bovine serum. This is because the fetal bovine serum is also used for human and veterinary vaccination. This makes them quite interesting. Apart from the pharmaceutical industries, other major users of the fetal bovine serum are biotechnology, research, and academic groups. They are quite interested in the study of fetal bovine serum. As this serum is rich in nutrients and for eukaryotic cell growth, hence, its demand is increasing every day in the market.
It is extracted from an animal source, hence, many people don’t prefer this. They have been objecting to its manufacturing for a very long period. Apart from this, most dairy products come from cows. Hence, we can’t just remove an essential part from its fetus. If we do so, then there would be a decline in the number of dairy products like milk, cheese, etc. These challenges directly affect the progress rate of the fetal bovine serum market.
The major players of the global fetal bovine serum market are Access Biologicals, HiMedia Laboratories, PAN-Biotech, Rocky Mountain Biologicals, Merck KGaA, Bio-Techne, Atlanta Biologicals Inc., GE Healthcare, Bovogen Biologicals Pvt. Ltd., Thermo Fisher Scientific, TCS Biosciences Ltd., and Tissue Culture Biologicals.
These companies have contributed to the manufacturing of fetal bovine serum and have also researched that. These companies require the support of research groups for the manufacturing of the serum and also for any changes in the composition or constituent.
Latest Innovations in the Global Fetal Bovine Serum Market: a Snapshot
- To reduce the cost of its products, Aleph Farms and Wacker are collaborating for the production of new kinds of proteins that will be produced through fermentation.
- It is expected that the cell culture media will expand the growth of the global fetal bovine serum market by the end of the forecast period.
Fetal Bovine Serum Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 1.4 Billion|
|Growth Rate||CAGR of 5.84% during 2021-2028|
|Segment Covered||Application, Product, End-User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, The Middle East and South Africa|
|Key Players Profiled||Access Biologicals, HiMedia Laboratories, PAN-Biotech, Rocky Mountain Biologicals, Merck KGaA, Bio-Techne, Atlanta Biologicals Inc., GE Healthcare, Bovogen Biologicals Pvt. Ltd., Thermo Fisher Scientific, TCS Biosciences Ltd., and Tissue Culture Biologicals.|
Key Segments of the Global Fetal Bovine Serum Market
Application Overview, 2018-2028 (USD Billion)
- Human and Animal Vaccines
- Cell Culture Media
- In-Vitro Fertilization
Product Overview, 2018-2028 (USD Billion)
- Charcoal Stripped
- Dialyzed Fetal Bovine Serum
- Exosome Depleted
- Stem Cell
End-User Overview, 2018-2028 (USD Billion)
- Biotechnology and Pharmaceutical Industry
- Academic Institutes
- Research Laboratories
- Contract Research Organizations
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa