7 January 2020 - Global Fetal Bovine
Serum Market is expected to grow
at a significant CAGR in the upcoming period as the scope and its applications
are rising enormously across the globe. Fetal bovine serum (FBS) is a media
supplement used for cell culture and is derived from whole blood obtained from
usual bovine fetuses collected from healthy cows at slaughterhouses. It is a
byproduct of meat processing industries. The key component of FBS is bovine
serum albumin.
The
factors that are playing a major role in the growth of fetal bovine serum
market are the growing demand from end-users and is easy for regulatory
approvals. However, ethical issues during blood collection method and the
environmental conditions may restrain the overall market in the years to come.
The market is segmented based on application, end user, and region.
The
market may be categorized based on applications like diagnostics, drug
discovery, human and animal vaccine production, cell culture media, in vitro
fertilization, and others that could be explored in fetal bovine serum in the
forecast period. Cell culture media sector accounted for the significant share
of the market in terms of value and volume and is estimated to lead the overall
market in the years to come. The reason could be the rising cell culture media
applications in fetal bovine serum.
Based
on the end-users, industry, research & academic institutes, and others
could classify fetal bovine serum market in the forecast period. The industry
sector comprises the pharma industry, biotech industry, and others. The
industry sector accounted for the significant share of the market and is
estimated to lead the overall market in the years to come. The reason could be
the rising demand from biotech and pharma industries.
Globally,
North America accounted for the significant share of fetal bovine serum
industry and is estimated to lead the overall market in the years to come. The
reason behind the overall market growth could be the high demand from end-users
and the high cost of fetal bovine serum. The United States is a major consumer
of fetal bovine serum in this region.
Europe
and the Asia Pacific are also estimated to have a positive influence on future
growth. Europe is the second largest region with significant market share.
However, Asia Pacific is estimated to grow at the highest CAGR in the forecast
period. The developing countries like India and China are the major consumers
of fetal bovine serum in this region. The reason could be the infrastructural
development of research centers in this region.
The
key players of fetal bovine serum market are GE Healthcare, HiMedia
Laboratories, Rocky Mountain Biologicals, Merck KGaA, Tissue Culture
Biologicals, Bovogen Biologicals Pty Ltd., TCS Biosciences Ltd., and Atlanta
Biologicals Inc. These players are concentrating on inorganic growth to sustain
themselves amidst fierce competition.
Market Segment:
Leading players of Fetal Bovine Serum
including:
•
Thermo Fisher
•
GE Healthcare
•
Sigma-Aldrich
•
Merck
•
Moregate BioTech
•
Gemini
•
Atlanta Biologicals
•
Tissue Culture Biologicals
•
Bovogen
•
Biowest
•
Internegocios
Market split by Type, can be divided
into:
•
Stem Cell Grade FBS
•
Standard Grade FBS
Market split by Application, can be
divided into:
•
Scientific Research
•
Industrial Production
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