Fetal bovine serum is an essential feedstock in the cell based pharmaceutical, biotechnology, diagnostic and veterinary industries. Academic as well as research laboratories are highly dependent upon fetal bovine serum due to its safety and effectiveness in growth medium. It is commonly used in purposes such as, drug discovery, toxicity testing, and vaccine production.
MARKET SCOPE
The "Global Fetal Bovine Serum Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Fetal Bovine Serum market with detailed market segmentation by, application, end user and geography. The report provides key statistics on the market status of the leading Fetal Bovine Serum market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on application, the global fetal bovine serum divided into drug discovery, cell culture media, in vitro fertilization, human & animal vaccine production, diagnostics, and other applications
- based on the basis of end user, the market is segmented into research & academic institutes, pharmaceutical and biotechnology companies, and other end user
MARKET DYNAMICS
Drivers:
- Increasing applications of serum into the research.
- The rise in culture media consumption in developing countries
Restraints:
- Ethical & scientific concerns associated with the potential misuse of biotechnology research practices
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Fetal Bovine Serum market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Fetal Bovine Serum market in these regions.
IMPACT OF COVID-19 ON FETAL BOVINE SERUM MARKET
COVID-19 virus outbreak was first observed in December 2019 in Wuhan (China), and it has spread to ~100 countries across the world, with the World Health Organization (WHO) stating it as a public health emergency. The global impacts of COVID-19 are being felt across several markets. Although the healthcare sector had witnessed SARS, H1N1, and other outbreaks in the last few years, the severity of the COVID-19 has made the situation more complicated due to its mode of transmission. North America has been witnessing growing number of COVID-19 cases since its outbreak. For instance, according to WHO, from 3 January 2020 to 5 May 2021, there have been 32,123,136 confirmed cases of COVID-19 with 572,190 deaths. The cases are also increasing in Mexico and Canada. In Mexico, the cases have reached to 2,355,985 with 218,007 deaths. Similarly, in Canada, there are about 1,257,328 COVID cases, with 24,450 deaths reported so far.
MARKET PLAYERS
The report covers key developments in the Fetal Bovine Serum market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Fetal Bovine Serum market are anticipated to lucrative growth opportunities in the future with the rising demand for Fetal Bovine Serum in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Fetal Bovine Serum market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- HiMedia Laboratories
- Merck KGaA
- Bovogen Biologicals Pty Ltd
- ATLANTA BIOLOGICALS
- Tcs Biosciences Ltd.
- Biological Industries
- Rocky Mountain Biologicals
- Thermo Fisher Scientific Inc.
- SERA SCANDIA A/S
- PAN-Biotech