Fetal Bovine Serum Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

A recent report published by Infinium Global Research on fetal bovine serum market provides an in-depth analysis of segments and sub-segments in global as well as regional fetal bovine serum market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional fetal bovine serum market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global fetal bovine serum market. According to the report the global fetal bovine serum market is projected to grow at a CAGR of 8.0% over the forecast period of 2018-2024.

Market Insight

FBS is a by-product of the meat processing industry a critical raw material for much of the biotechnology, pharmaceutical and diagnostics industry. FBS is obtained from whole blood obtained from normal bovine fetuses. Fortify cell culture media is the primary application of fetal bovine serum (FBS). Fetal bovine serum is important for innovative research in drug development. FBS has wide applications in cell-based research, diagnostics, drug discovery, cell therapy, toxicity testing, in vitro fertilization, human and animal vaccine production, and biopharmaceutical manufacture.

Research and development efforts in the commercial and academic sectors continue to depend on fetal bovine serum as a safe and effective growth medium. Growing demand from traditional serum users is likely to boost the growth of the market. Growth in the number of academic research institutes and government collaboration with the academic research institutes to support research activities are likely driving the demand for fetal bovine serum. On the other hand, due to unfavorable climatic conditions such as drought, and growing beef and dairy demand has led to an extreme drop in cattle herd population. Thus affecting the demand for FBS. Furthermore, increasing customer’s interest in qualifying serum from several global regions, this change will provide flexibility to companies for adjusting their serum sourcing in terms of price and availability.

In terms of regions, North America is expected to be the largest market for fetal bovine serum. The high consumption and high pricing of fetal bovine serum in the region. The US is the biggest market for FBS. Growing demand, together with a lower supply has led to a volatile market for the U.S. The rapid emergence of contract research organizations particularly in India and China is a key factor driving the growth of Asia-Pacific region. Moreover, Infrastructural development and number of research organizations are outsourcing research activities to these countries for a relatively low cost without negotiating on the quality of research.

Segment Covered

The report on global fetal bovine serum market covers segments such as application type and end user.  On the basis of application type, the global fetal bovine serum market is categorized into drug discovery, cell culture media, in vitro fertilization, human and animal vaccine production, diagnostics and others. On the basis of end user the global fetal bovine serum market is categorized into research & academic institutes and industry.

Geographic Coverage

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.  The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.

Companies Profiled:

The report provides profiles of the companies in the global fetal bovine serum market such as HiMedia Laboratories, Merck KGaA, Bovogen Biologicals Pty Ltd, Atlanta Biologicals Inc., TCS Biosciences Ltd, Tissue Culture Biologicals, Rocky Mountain Biologicals, GE Healthcare, and Others.

Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global fetal bovine serum market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of fetal bovine serum market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the fetal bovine serum market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the fetal bovine serum market to understand the present and future trends in this market and formulate their strategies accordingly.