Rapid increase in culture media consumption in emerging economies and increase in investments for R&D activities across the globe fuel the global fetal bovine serum market. By region, North America contributed to the highest share in 2020 and is projected to lead during the forecast period. As the fetal bovine serum is widely used in vaccine production and in-vitro cell-culture preparation, it has impacted the market positively during the pandemic.
Portland, OR, Dec. 09, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Fetal Bovine Serum Market generated $796.25 million in 2020, and is proposed to reach $1.37 billion by 2030, recording a CAGR of 5.4% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
For Right Perspective and Competitive Insights, Get Sample Report at: https://www.alliedmarketresearch.com/request-sample/5261
Increase in R&D investments, rise in demand for fetal bovine sera, and increase in biopharmaceutical production fuel the global fetal bovine serum market. On the other hand, ethical and scientific concerns toward the collection of fetal bovine serum and rise in the use of alternatives hamper the market growth. On the contrary, untapped potential of developing countries creates several opportunities.
Due to the COVID-19 pandemic, many countries announced complete or partial lockdown, imposed social distancing measures, and advised to postpone some medical procedures and surgeries. This is expected to impact the global fetal bovine serum market.
Travel restrictions and lack of workforce have affected production and distribution cycles.
However, the demand for fetal bovine serum increased as the fetal bovine serum is widely used in in-vitro cell-culture preparation and vaccine production.
The report segments the global fetal bovine serum market on the basis of application, end-user, and region.
Based on application, the biopharmaceuticals segment accounted for the largest market share in 2020, contributing to more than half of the total share, and is expected to maintain the lead throughout the forecast period. The segment is estimated to witness the fastest CAGR of 6.0% from 2021 to 2030. The report also covers segments such as the human & animal vaccine and others.
Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/5261
Based on end-user, the pharmaceutical segment contributed to the highest market share in 2020, attributing to more than three-fifths of the total market share, and is anticipated to dominate the market during the forecast period. The segment is expected to manifest the fastest CAGR of 5.9% from 2021-2030. The report also covers segments such as the institute and others.
Based on region, North America contributed to the highest share in 2020, holding around two-fifths of the total share, and is expected to maintain dominance during the forecast period. The global fetal bovine serum market across the Asia-Pacific is anticipated to exhibit the fastest CAGR of 7.2% during the forecast period.
Key players of the global fetal bovine serum market analyzed in the research include Merck KGaA (Sigma Aldrich), Danaher (Cytiva), HiMedia Laboratories Pvt., Ltd, Sera Scandia (Biowest), Bio-Techne, Atlas Biologicals, Sartorius (Biological Industries), PAN-BiotechRocky Mountain Biologicals, and Thermo Fisher Scientific Inc.
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Request for 14 days free trial: https://www.alliedmarketresearch.com/avenue/trial/starter
“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
Trending Reports in Healthcare Industry (Book Now with 10% Discount):
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
CONTACT: Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 email@example.com Web: https://www.alliedmarketresearch.com/reports-store/life-sciences Follow Us on LinkedIn: https://www.linkedin.com/showcase/life-sciences-industry-research/