Fetal Bovine Serum Market Manufacturing Cost Structure Analysis 2021
Global
fetal bovine serum market is expected to rise at a higher CAGR in the
assessment period. Generally, fetal bovine serum is a by-product of beef
industry posing as a critical raw material for a diverse set of industries
comprising biotechnology, animal health, diagnostic and pharmaceutical industry
coupled with areas of research. Fetal bovine serum enhances cell cycle and cell
metabolism which is an important constituent of nutrient media which includes
hormones, nutrients and vitamins.
Further,
bovine blood may be collected during the time of slaughter from bovine fetuses
and the animals are called as donor animals which give their blood multiple
times. Blood is available from very young fetuses particularly from male
species in dairies that are slaughtered at a specific period owing to
non-economic benefits. Only the donor cattle are raised from the viewpoint of
blood donation which is invariably kept in a controlled herd.
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Commercially,
there is a wide range of applications for processed fetal bovine serum and more
specifically in pharmaceuticals. Another application of fetal bovine serum is
used for cell culture to conduct research on immunity levels under different
conditions. Overall, the fetal bovine serum sales market is anticipated to grow
at a double-digit CAGR in the forecast period.
Fetal
bovine serum market is driven by factors such as growth in research &
development activities. Additionally, the higher preference for human serum in
comparison with animal derived serum, specifically for new cell line research
is expected to propel the market growth in the forecast period. Moreover,
animal serum is particularly preferred than human serum owing to cost-effective
and easy for supervisory consents. The preference is mainly out of cell line
research, intense quality analysis for sterility, high performance, low
antibody titer, mycoplasmas, endotoxins and easier manufacturing process.
Fetal
bovine serum market is segmented into scientific research and industrial
production, veterinary application, cell culture maintenance, exosome studies
and immunoassays, based on application. Immunoassays market is further
sub-segmented into radio labeling assays and insulin assay methods. Based on
origin, the fetal bovine serum sales market is segmented into North-America
sourced, South-America sourced and Australia-sourced.
Based
on end-user, the fetal bovine serum industry is segmented into academic
institutes, diagnostic labs, cell banks, tumor cell banks, blood banks and
biopharmaceutical companies. Based on product segmentation, the fetal bovine
serum sales market comprises charcoal stripped fetal bovine serum,
chromatographic fetal bovine serum, dialyzed fetal bovine serum, stem cell
qualified fetal bovine serum and mesenchymal stem-cell qualified fetal bovine
serum.
Based
on geography, the fetal bovine serum market spans North America, Latin America,
Europe, Asia-Pacific, Middle-East and Africa. APAC regions are expected to
witness a higher CAGR growth in the forecast period due to low investment in
manufacture of fetal bovine serum and low labor cost.
North
America is anticipated to grow at a higher in the fetal bovine serum industry
owing to technologically advanced products and significant investments in
R&D and rising demand from research centers. APAC regions are anticipated
to rise at a higher CAGR in the forecast period owing to rising initiatives for
serum research. Middle-East regions are also expected to grow at a steady CAGR
in the forecast period owing to increase in cattle-rearing activities. African
regions are expected to follow the trend.
The
key players in the fetal bovine serum market include Thermo Fisher, Life
Technologies, GE Healthcare, Sigma-Altrich, Merck, Gemini, Moregate BioTech,
Atlanta Biologicals, Bovogen, Tissue Culture Biologicals, Biowest,
Internegocios, PAN-Biotech, VWR, Corning, Animal Technologies, Serana, WISENT,
Peak Serum, Seroxlab, NorthBio, Bio Nutrients Brasil, Laznzhou Minhaii,
Zheijang Tianhang Biotechnology, ExCell Bio, and Jin Yuan Kang.
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