Global Fetal Bovine Serum Market is registering a CAGR of 8.25% in the forecast

Posted by Onkar Nimbalkar on September 17th, 2019

Fetal bovine serum is a by-product that is produced in the meat processing industries, with a number of widespread applications in pharmaceutical, and biotechnology research industries. Fetal bovine serum is obtained from the whole blood of normal bovine fetuses. It is widely used in the applications of a number of diagnostic systems and research studies with a number of different systems utilization for the same.
Analysis of Global fetal bovine serum market report:
Global fetal bovine serum market is set to rise from its initial estimated value of USD 757.75 million in 2018 to an estimated value of USD 1428.72 million by 2026, registering a CAGR of 8.25% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demand from drug discovery and various other research applications due to its benefits in research and drug development and pharmaceutical industry.
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Market Drivers:
·       Growth in research and academic initiatives by the private and governmental sector is expected to drive the market growth
·       Increase in demand from traditional users of serum is also expected to drive the market growth
Market Restraints:
·       Decrease in cattle herd population due to the increased demand of dairy and meat products is expected to restrain the market growth
·       High cost and chances of viral presence in the product is expected to restrain the market growth
Leading Key players profiled in this report are:
Few of the major competitors currently working in the fetal bovine serum market are Thermo Fisher Scientific, GENERAL ELECTRIC COMPANY, Merck KGaA, TCS Biosciences Ltd., HiMedia Laboratories, Bio-Techne, PAN-Biotech, Rocky Mountain Biologicals, Bovogen Biologicals Pty Ltd., Tissue Culture Biologicals, Access Biologicals, Animal Technologies Inc., Nucleus Biologics, Biological Industries, Corning Incorporated, J R Scientific Inc., Moregate Biotech, Wisent Inc, and Zhejiang Tianhang Biotechnology Co. Ltd.
Global fetal bovine serum market Segmentation:
By Product
·       Charcoal Stripped
·       Chromatographic
·       Dialyzed Fetal Bovine Serum (FBS)
·       Exosome Depleted
·       Stem Cell
·       Others
By Application
·       Drug Discovery
·       Cell Culture Media
·       In Vitro Fertilization
·       Human & Animal Vaccine Production
·       Diagnostics
·       Others
By End-User
·       Research & Academic Institutes
·       Industry
By Geography
·       North America
·       South America
·       Europe
·       Asia-Pacific
·       Middle East & Africa
Company Share Analysis:
Global fetal bovine serum market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fetal bovine serum market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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The Global fetal bovine serum market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global fetal bovine serum market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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Onkar Nimbalkar

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Onkar Nimbalkar
Joined: September 17th, 2019
Articles Posted: 64

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