The global bovine blood products market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Several blood products obtained from bovines undergo numerous purification methods primarily including heat shock, ion-exchange chromatography, and cold-organic solvent fractionation, among others. The principal application areas of the bovine blood products are in the field of immunology, biochemistry, and biotechnology. It is also used in different cell culture applications for protein supplementation and as a small molecule carrier. Thus, the growing demand for these products from the diagnostics, pharmaceutical, feed, and food industries, is anticipated to speed up the market growth.
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The thrombin form of blood derivatives is anticipated to register a prominent growth. This growth is majorly attributable owing to its rising application in surgeries and diagnostic purposes. Further, the constantly growing R&D activities including the in vitro study, medical research, biochemical, protein structure analysis, and coagulation research have altogether surged the usage of thrombin. Moreover, there are high chances of growth of bovine serum albumin in the coming years. Applications of bovine serum albumin are seen in the drug formulation, food industry, and as a component of media for cell culture. Its use is also seen in the manufacturing of several vaccines and cell culture-related work, comprising effective washing of cells and cryopreservation.
The market players are focusing on strengthening their position in the market by adopting various strategies such as mergers and acquisitions, partnerships and collaborations, new product launches and development in the existing product portfolio, and so on. For instance, LAMPIRE Biological Laboratories acquired about 180+ acre corporate dairy farms in Bedford County, Pennsylvania. After this initiative, LAMPIRE Biological Laboratories planned to offer valuable biological raw materials to research and diagnostic companies across the globe.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment covered-
· By Type
· By Application
• Regions covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape: Merck & Co., Inc., Thermo Fisher Scientific Inc., and Cytiva, among others.
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Global Bovine Blood Products Market Report by Segment
By Type
• Bovine/Cow
• Fetal Bovine
• Others
By Application
• Scientific Research
• Industrial Production
Global Bovine Blood Products Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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