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The fetal bovine serum market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

Read More On The Fetal Bovine Serum Market Report 2022 – https://www.thebusinessresearchcompany.com/report/fetal-bovine-serum-global-market-report

The Fetal Bovine Serum Market Size In 2022 And Forecast

The global fetal bovine serum market is expected to grow from $855.80 million in 2020 to $946.25 million in 2021 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting manyevery markets across the globe. The fetal bovine serum market is expected to reach $1,175.36 million in 2025 at a CAGR of 5.6%.

The fetal bovine serum market consists of sales of fetal bovine serum by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing fetal bovine serum and related services.

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Increase In Demand For Biopharmaceuticals Is Driving The Growth Of The Fetal Bovine Serum Market

Pharmaceutical firms, diagnostic laboratories, and researchers rely heavily on FBS for much of their cell culture requirements in biologics research. The global biologics market is expected to increase from $253.4 billion in 2020 to $420.5 billion by 2025. Therefore, the rising demand for biopharmaceuticals propels the growth of the fetal bovine serum market.

Competitive Landscape And The Regional Analysis Of The Fetal Bovine Serum Market

Major players in the fetal bovine serum market are Sartorius AG, GE Healthcare, PAN- Biotech, Thermo Fisher Scientific Inc., Biowest, Bio-Techne, Rocky Mountain Biologicals Inc., Merck KGaA and TCS Biosciences Ltd.

The Fetal Bovine Serum Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fetal bovine serum market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the fetal bovine serum market.

Increasing Collaborations Between Companies And Research Intuitions – A Key Trend In The Fetal Bovine Serum Market

Major companies are collaborating for increasing production capabilities, expanding market share and developing new products.

Fetal Bovine Serum Market Segmentation By The Business Research Company

1) By Product: Charcoal Stripped, Chromatographic, Dialyzed Fetal Bovine Serum, Exosome Depleted, Stem Cell, Others

2) By Application: Drug Discovery, Cell Culture Media, In Vitro Fertilization, Human and Animal Vaccine Production, Diagnostics, Others

3) By End-User: Research and Academic Institutes, Biotechnology and Pharmaceutical Industry, Others

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