The Serum Global Market Report 2023, provides comprehensive information on the serum market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Serum Global Market Report 2023, the global serum market size is expected to grow from $1.17 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global serum market size is expected to grow to $1.88 billion in 2027 at a CAGR of 9.9%.
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Product innovation is the key trend gaining popularity in the serum market. Major companies operating in the serum market are focusing on developing innovative serum formulations for more skincare and beauty applications as well as to gain a competitive edge in the market. For instance, in March 2022, Galderma, a Switzerland-based pharmaceutical company specializing in dermatological treatments and skin care products, launched HA Immerse Serum, a new product addition to its ALASTIN Skincare lineup. HA Immerse Serum is intended to hydrate the skin at the surface while assisting in enhancing the skin’s innate capacity to produce hyaluronic acid deep within, resulting in fuller, more youthful-looking skin over time. In order to provide long-term skin plumping, anti-aging, and hydration effects, ALASTIN’s patented Octapeptide-45 aids the skin’s capacity to naturally boost its own high molecular hyaluronic acid production deep inside the skin.
The serum market 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
North America was the largest region in the serum market in 2022.
The table of contents in TBRC’s serum market report includes:
1. Executive Summary
2. Serum Market Characteristics
3. Serum Market Trends And Strategies
4. Serum Market – Macro Economic Scenario
5. Serum Market Size And Growth
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26. Africa Serum Market
27. Serum Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Serum Market
29. Serum Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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