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Fetal Bovine Serum Market Global Industry Size, Share, Growth, Forecasts to 2022-2030

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The global Fetal Bovine Serum Market for the historical period 2017–2018 and forecast period 2019–2027, Increased demand for fetal bovine serum in the growing pharmaceutical & biotechnology industry, Increase in academic research worldwide and Rising consumption of fetal bovine serum in emerging markets are the factors projected to drive the global Fetal Bovine Serum Market during the forecast period.

According to the report, the global Fetal Bovine Serum Market was valued at US$ 0.9 Bn in 2018 and is anticipated to expand at a CAGR of 5.8% from 2019 to 2030

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Increased demand for fetal bovine serum in the growing pharmaceutical & biotechnology industry: Key Drivers

The number of pharmaceutical companies is increasing across the globe. A majority of existing as well as new pharmaceutical companies are focusing more on research and development activities.

Funding for research projects by academic research institutes is also on the rise. Due to this, the demand for fetal bovine serum is increasing. However, suppliers are not been able to meet the demand for fetal bovine serum due to shortage of fetal bovine blood. This has led to significant increase in prices of fetal bovine serum. This price rise is expected to drive the global fetal bovine serum market in the near future.

The global pharmaceutical expenditure on R&D stood at US$ 157 Bn in 2016, an increase of 6.1% over the expenditure in 2015 i.e. US$ 148 Bn

The global research & development expenditure increased by 12.0% from US$ 40.6 Bn in 2015 to US$ 45.7 Bn in 2016

The research & development expenditure of biotech companies in the U.K. stood at US$ 1.2 Bn in 2013

Various government initiatives are supporting the research & development activities of the pharmaceutical & biotechnology industry. Hence, use of fetal bovine serum is also increasing. Similarly, production of biopharmaceutical products such as vaccines is also rising in order to meet the global demand for vaccines.

Increase in academic research worldwide Boost Market Growth

Fetal bovine serum is a major raw material used in biotechnology, pharmaceutical, diagnostics, and veterinary industries. Research & development activities in the academic sector heavily rely on fetal bovine serum due to its proven effectiveness and safety. Various governments are collaborating with academic research institutes for research requirements.

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Increase in the number of academic research institutes worldwide is expected to augment the demand for fetal bovine serum during the forecast period. This is expected to drive the global fetal bovine serum market from 2019 to 2027.

Rising consumption of fetal bovine serum in emerging markets

Demand for fetal bovine serum from emerging markets such as China, India, South Korea, and countries of the Middle East is increasing. China recently allowed to import fetal bovine serum from the U.S., for the first time after 2003, to fulfill the domestic demand. Demand for fetal bovine serum from South Korea has been rising continuously.

Statistics suggest that the consumption of fetal bovine serum imported from the U.S. by South Korea in 2015 stood at 20,000 liters, which is expected to increase in the next few years

The increasing number of contract research organizations in Asia, especially China and India, is driving the demand for fetal bovine serum in the region. This, in turn, is expected to drive the global fetal bovine serum market during the forecast period.

Ethical and scientific issues associated with fetal bovine serum to Hamper Market

Demand for fetal bovine serum from emerging markets such as China, India, South Korea, and countries of the Middle East is increasing. China allowed to import fetal bovine serum from the U.S., for the first time after 2003, to fulfill the domestic demand. Demand for fetal bovine serum from South Korea has been rising continuously.

Statistics suggest that the consumption of fetal bovine serum imported from the U.S. by South Korea in 2015 stood at 20,000 liters, which is expected to increase in the next few years

The increasing number of contract research organizations in Asia, especially China and India, is driving the demand for fetal bovine serum in the region. This, in turn, is expected to drive the global fetal bovine serum market during the forecast period.

 Global Fetal Bovine Serum Market: Competitive Landscape

This report profiles major players in the global Fetal Bovine Serum Market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

The global Fetal Bovine Serum Market is highly fragmented, with the presence of a number of international as well as regional players

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Leading players operating in the global

  • Fetal Bovine Serum Market are Merck KGa
  • GE Healthcare
  • Thermo Fisher Scientific Inc.
  • TCS Biosciences Ltd.
  • HiMedia Laboratories
  • Atlanta Biologicals, Inc.
  • PAN-Biotech
  • Rocky Mountain Biologicals
  • Bovogen Biologicals Pty Ltd.
  • Tissue Culture Biologicals

Key Questions Answered in Global Fetal Bovine Serum Market Report

  • What is the scope of growth of product companies in the global Fetal Bovine Serum Market?
  • What will be the Y-o-Y growth of the global Fetal Bovine Serum Market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global Fetal Bovine Serum Market?
  • Will North America continue to be the most profitable market for oral contraceptive pills providers?
  • Which factors are anticipated to hamper the growth of the global Fetal Bovine Serum Market during the forecast period?
  • Which are the leading companies in the global Fetal Bovine Serum Market?

Global Fetal Bovine Serum Market – Segmentation

By Application

  • Drug Discovery
  • Cell Media Culture
  • In vitro Fertilization
  • Human and Animal Vaccine production
  • Diagnostics
  • Others

By End User

  • Research & Academic Institutes
  • Industry (pharma, biotech, etc.)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Fetal Bovine Serum Market

4. Market Overview

4.1. Introduction

4.1.1. Application Definition

4.1.2. Industry Evolution / Developments

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global Fetal Bovine Serum Market Analysis and Forecast, 2017–2027

4.4.1. Market Revenue Projections (US$ Mn)

5. Key Insights

5.1. Regulatory Scenario, by Region/Globally

5.2. Pipeline Analysis

5.3. Mergers & Acquisitions

6. Global Fetal Bovine Serum Market Analysis and Forecast, by Application

6.1. Introduction & Definition

6.1.1. Key Findings / Developments

6.2. Global Fetal Bovine Serum Market Value Forecast, by Application, 2017–2027

6.2.1. Drug Discovery

6.2.2. Cell Media Culture

6.2.3. In vitro Fertilization

6.2.4. Human and Animal Vaccine production

6.2.5. Diagnostics

6.2.6. Others

6.3. Global Fetal Bovine Serum Market Attractiveness, by Application

7. Global Fetal Bovine Serum Market Analysis and Forecast, by End User

7.1. Introduction & Definition

7.1.1. Key Findings / Developments

7.2. Global Fetal Bovine Serum Market Value Forecast, by End User , 2017–2027

7.2.1. Research & Academic Institutes

7.2.2. Industry (pharma, biotech, etc.)

7.3. Global Fetal Bovine Serum Market Attractiveness, by End User

8. Global Fetal Bovine Serum Market Analysis and Forecast, by Region

……..

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