Serum Free Media Market To Garner Brimfull Sales With The HelpPosted by Ashish on December 20th, 2019 Persistence Market Research delivers the key insights on the global serum-free media market in its upcoming report titled “Serum-Free Media Market: Global Industry Analysis 2013–2017 and Forecast, 2018 – 2026”. The global Serum-Free Media market is expected to expand at 7.3% CAGR over the forecast period, 2018–2026. Global Serum-Free Media Market: Dynamics The global Serum-Free Media market is segmented based on media type, end user and region. By region, the global serum-free media market is segmented into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America is the most lucrative serum-free media market with revenue share of 33.5% in 2017 due high production and consumption by biopharmaceuticals in the region. Biopharmaceutical industry is the key end user of the market, it invests 12 times more in R&D than other sectors. The intensity of high R&D expenditure further focuses on the US which helps in generating highest revenue through development of innovative biopharmaceuticals. Increasing adoption of biopharmaceuticals for the treatment of various diseases for better therapeutic effect further drives the growth of serum-free media market. Europe is second most lucrative region in serum-free media market due to high number of biopharmaceutical manufacturing companies in the region coupled with high usage of biologics for diagnosis, prevention and treatment. Increasing spending on clinical trials and academic research using serum-free media further expected to enhance the serum-free media market growth.
Latin America remains one of the least lucrative serum-free media market due to limited number of biopharmaceutical manufacturing sites and lower adoption of biopharmaceutical drugs. However, improving regulatory guidelines can enhance the biopharmaceutical production thereby increases consumption of serum-free media in biopharmaceuticals in Latin America region. Asia-Pacific serum-free media market remains the fastest growing market due emerging economies like India and China coupled with increasing number of contract manufacturing organizations (CMOs) in the region. Asia-Pacific serum-free media market is expected to expand at the CAGR of 8.8% over the forecast period. Increasing spending on the R&D in academics and improving regulatory scenario for biologics further expected to enhance serum-free media market in the region. Comparatively lower cost of biopharmaceutical production in the region further attracts the biopharmaceutical companies to invest, driving the serum-free media market growth. Key Insights
Global Serum-Free Media Market: Forecast The global Serum-Free Media market is expected to witness significant growth over the forecast period due increasing adoption of serum-free media for cell culture growth. The growth of the global serum-free media market is driven by the increasing biopharmaceutical production, increasing expenditure on R&D, increasing number of clinical trials using serum-free media, increasing number of contract manufacturing organizations (CMOs), increasing usage of biopharmaceuticals for treatment of various diseases.
Global Serum-Free Media Market: Competitive Landscape Company Profiles
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