Transparency Market Research (TMR), in one of its recent market study
states the global fetal bovine serum market to be large consolidated
with the presence of a few dominant players. Despite competition,
Thermo Fisher Scientific Inc. dominated the market in 2016. Savvy
players are engaged in partnerships and strategic collaborations to
bolster their position, says the report.
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Some other prominent players in the fetal bovine serum market are
Merck KGaA, TCS Biosciences Ltd., Atlanta Biologicals Inc., Rocky
Mountain Biologicals, Tissue Culture Biologicals, GE Healthcare,
HiMedia Laboratories, PAN-Biotech, and Bovogen Biologicals Pty Ltd.
A report by Transparency Market Research forecasts the global fetal
bovine serum market to clock a healthy 8.0% CAGR for the forecast
period from 2017 to 2025, for the market to be worth US$1,396.1 mn by
2025 from US$695.3 mn in 2016.
In terms of application type, the cell culture media segment led the
overall market in 2016, and the segment is anticipated to hold on to
its lead position until the end of the forecast period.
Geography-wise, North America held the leading share of the fetal
serum bovine market in 2016 vis-à-vis revenue. This is due to a high
consumption of fetal bovine serum in the region.
Worldwide, increase in number of academic research institutes is
driving the demand for fetal bovine serum. Various governments are
collaborating with academic research institutes to support research
activities. Fetal bovine serum is a key raw material used in
pharmaceutical, biotechnology, diagnostics, and veterinary
industries. Fetal bovine serum is important for ground-breaking
research in drug development and has wide applications in cell-based
pharmaceutical research. A by-product of the beef industry, fetal
bovine serum is a crucial raw material for animal health,
pharmaceutical industry, biotechnology, and diagnostic as well as
various other research areas, due to its efficacy and safe nature for
most experimental procedures.
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The fraction of blood that remains after cattle fetus is centrifuged
to remove RBCs is fetal bovine serum. Fetal bovine serum amplifies
cell cycle and cell metabolism and is an important element of the
nutrient media which consists vitamins, nutrients, and hormones.
The global fetal serum bovine market is witnessing unparalleled
dynamics. The average cost of fetal bovine serum globally has
increased exponentially as the availability of fetal bovine serum is
dependent on environmental factors. The fetal bovine serum industry
is witnessing product shortage due to adverse environmental
conditions, along with increased beef and dairy demand that has led
to a drastic drop in cattle herd population lowest in 60 years. This,
along with a mergers and product calls has led to reduced product
availability and hike in product costs.
Fetal bovine serum is commonly used as a supplement in cell culture
media. It provides macromolecules, proteins, low molecular weight,
enzymes protein, trace elements, hormones, and other chemical
components for cell culture media.
The emergence of contract research organizations predominantly in
emerging economies is anticipated to drive the fetal bovine serum
market in these regions. The demand for fetal bovine serum is
increasing from research institutes in Asia Pacific in the upcoming
years.
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