The global fetal bovine serum market is anticipated to grow at a considerable CAGR during the forecast period (2021-2027). The factors contributing to the growth of the market include the rising consumption of fetal bovine serum in various applications and industries such as pharmaceutical & biotechnology and increasing academic research globally. Besides, to generate more revenue and expanding the market the key companies across the globe are highly inclined towards the adoption of different growth strategies including capacity expansion, mergers and acquisitions, new product launches, and product innovation to remain competitive in the marketplace.
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For instance, in March 2021, Thermo Fisher Scientific Inc, has launched the new Gibco Human Plasma-like Medium (HPLM) which provides a realistic view of cell growth within the human body. It is the first-ever cell culture medium that tends to mimic the metabolic profile of the human plasma. The HPLM provides researchers with the ability to study the impact of physiologically relevant cell media on their specific research applications which include cancer and other diseases. In the supplementation with fetal bovine serum, cell growth and viability can be achieved by HPLM. The new launch adds Thermo Fisher Scientific Inc to remain competitive in the fetal bovine serum market by expanding its product offering.
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Moreover, in December 2019, Sartorius AG acquired 50% shares of the Israeli cell culture media manufacturer and developer Biological Industries Ltd. for approximately $54 million in cash. Biological has specialization in cell culture media ad gene therapy. With this acquisition, Sartorius had expanded its business in the cell cultural media segment by offering a broad range of products that drives the market growth. Additionally, the acquisition helped Sartorius to remain competitive in the dynamically growing company in the field of life science and biotechnology. Considering these activities, significant growth can be expected in the market during the forecast period.
Global Fetal Bovine Serum Market Report Segment
By Product Type
- Charcoal Stripped
- Chromatographic
- Dialyzed FBS
- Stem Cell
- Others (Exosome Depleted)
By End-User
- Bioproduct & Pharmaceutical Company
- Research Laboratory
- Academic Institute
- Others (Cell Bank)
By Application
- Industrial Research
- Scientific Research
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
