According to the report published by Allied Market Research, The Fetal Bovine Serum Market was valued at USD 796.25 million in 2020, and is expected to reach USD 1.37 billion by 2030 growing at a CAGR of 5.4% from 2021 to 2030.
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Rapid increase in culture media consumption in emerging economies and increase in investments for R&D activities across the globe fuel the global fetal bovine serum market. By region, North America contributed to the highest share in 2020 and is projected to lead during the forecast period. As the fetal bovine serum is widely used in vaccine production and in-vitro cell-culture preparation, it has impacted the market positively during the pandemic.
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Top Companies Of Fetal Bovine Serum Market:-
• Merck KGaA (Sigma Aldrich)
• Danaher (Cytiva)
• HiMedia Laboratories Pvt., Ltd
• Sera Scandia (Biowest)
• Atlas Biologicals
• Sartorius (Biological Industries)
• Rocky Mountain Biologicals
• Thermo Fisher Scientific Inc.
Global Fetal Bovine Serum Market Segmentation: –
Based on application, the biopharmaceuticals segment accounted for the largest market share in 2020, contributing to more than half of the total share, and is expected to maintain the lead throughout the forecast period.
Based on end-user, the pharmaceutical segment contributed to the highest market share in 2020, attributing to more than three-fifths of the total market share, and is anticipated to dominate the market during the forecast period.
Based on region, North America contributed to the highest share in 2020, holding around two-fifths of the total share, and is expected to maintain dominance during the forecast period.
By Region Outlook
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA
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