Bovine Serum Market Market Business Segmentation by Revenue, Present Scenario and Growth Prospects 2030

Bovine Serum Market size was valued at USD 800.0 million in 2021 and is projected to reach around USD 1,290.0 million in 2030 exhibiting a CAGR of 5.0% in the forecasted period.

The fast pace growth in culture media consumption in emerging countries across the globe is among the vital factors increasing the growth and demand of bovine serum market. Additionally, the increasing requirement from conventional users of serum is also contributing to the growth in the global market over the forecasted period. Furthermore, the increasing number of contract research organizations along with high advancement in biopharmaceuticals and funding offered from the government are also increasing the growth of the market. Similarly, the rising R&D activities towards the introduction of novel biopharmaceuticals is expected to impact the demand of bovine serum hence lifting the market growth in the afore mentioned forecast period. The quick advancement in research and academic initiatives by the several private and governmental sector will more fasten the expansion of the bovine serum market and are also are proposing significant growth opportunities for the market in the forecast period.

The expansion of the global  market has been significantly propelled by the increase in R&D activities aimed at the launch of novel biopharmaceuticals. The growth of the global market for foetal bovine serum is also projected to be fueled by the rise of the biopharmaceutical sector. Additionally, the market is growing due to an increase in funding and investments for research interventions in both developed and developing nations. The market for foetal bovine serum is nevertheless constrained by ethical and scientific worries about the possible exploitation of biotechnology research techniques and a shortage of qualified workers.

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Key Companies Insights

Key players are aiming on their technological partnerships, collaborations, and merger & acquisitions policies to gain a competitive edge and expand their product portfolio & business footmark. The ongoing COVID-19 pandemic hindered the healthcare systems worldwide and driven market players to update products for unexploited prospects.

key players 

• Danaher (Cytiva)
• Merck KGaA (Sigma Aldrich)
• HiMedia Laboratories Pvt. Ltd
• Bio-Techne
• Sera Scandia (Biowest)
• Sartorius (Biological Industries)
• Atlas Biologicals
• Rocky Mountain Biologicals
• PAN-Biotech
• Thermo Fisher Scientific Inc.
• Other players

Segments

By Product

• Charcoal Stripped
• Chromatographic
• Dialyzed Fetal Bovine Serum
• Exosome Depleted
• Stem Cell
• Other Products

By Application

• Biopharmaceuticals
• Human and Animal Vaccine
• Others

By End User

• Biotechnology & Pharmaceutical Industries
• Academic Institutes
• Others

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