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How has the serum market grown in recent years?

The size of the serum market has seen swift expansion in the past few years. It is projected to rise from $1.42 billion in 2024 to $1.57 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.7%. The surge in expansion during the historic period can be linked to advancements in medical diagnostics, clinical research, the development and testing of drugs, disease surveillance, and therapeutic applications.

How is the serum market size expected to evolve during the forecast period?

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Which key drivers are propelling the serum market’s growth?

Increased understanding of skin problems associated with aging is projected to boost the serum market’s growth. Such age-related skin conditions include typical aging skin issues like wrinkles, expression lines, and more. Serum is designed to treat these skin issues, including dullness, hyperpigmentation, dehydration, wrinkles, loss of elasticity, while also balancing skin tone, brightening skin, minimizing noticeable imperfections, and hydrating skin. For example, Melanoma UK, a patient support and advocacy organization, reported in July 2022 that by 2025, melanoma skin cancer cases are expected to rise by 9%, reaching 19,513. Furthermore, fatalities from this disease are predicted to increase by 13%, leading to 3,119 deaths. By 2040, nearly 22,886 people are expected to be diagnosed with melanoma skin cancer. As a result, the escalating awareness about skin problems associated with aging is fueling the growth of the serum market.

What are the market segments in the serum industry?

The serum market covered in this report is segmented –

1) By Type: Bovine Serum, Fetal bovine serum (FBS), Other Types

2) By Inactivation Technique: Heat Inactivated, Non-Heat Inactivated

3) By Application: Biological Products, Research, Cell Culture, Biopharmaceutical Drugs, Vaccine Products, Diagnostic Products, Other Applications

Subsegments:

1) By Bovine Serum: Raw Bovine Serum, Processed Bovine Serum, Fetal Bovine Serum (FBS)

2) By Fetal Bovine Serum (FBS): FBS (Heat-Inactivated), FBS (Non-Heat-Inactivated)

3) By Other Types: Equine Serum, Porcine Serum, Human Serum

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Which leading companies are shaping the growth of the serum market?

Major companies operating in the serum market include Merck Group, Thermo Fisher Scientific Inc., Danaher Corp, Corning Incorporated, Sartorius AG, Bio-Techne Corporation, Takara Bio Inc., Atlas Biologicals Inc., Proliant Health & Biologicals, Seracare Life Sciences Inc., Lampire Biological Labs Inc., Altogen Labs, Innovative Research Inc., Lee Biosolutions Inc., Bovogen Biologicals Pty. Ltd., Caisson Labs Inc., Gemini BioProducts Holding Inc., Valley Biomedical Products & Services Inc., Equitech-Bio Inc., Rocky Mountain Biologicals, PAN-Biotech GmbH, BIOWEST SAS, Moregate Biotech, Tissue Culture Biologicals, Kerafast Inc., Access Biologicals LLC, Animal Technologies Inc., Cell Applications Inc., Cell Sciences Inc.

What key trends are currently impacting the serum market’s development?

Organizations such as Merck Group, Thermo Fisher Scientific Inc., Danaher Corp, Corning Incorporated, and Sartorius AG are some of the significant companies in the serum market. Others include Bio-Techne Corporation, Takara Bio Inc., Atlas Biologicals Inc., Proliant Health & Biologicals, and Seracare Life Sciences Inc. Lampire Biological Labs Inc., Altogen Labs, Innovative Research Inc., Lee Biosolutions Inc., and Bovogen Biologicals Pty. Ltd. also play a role in this market. Caisson Labs Inc., Gemini BioProducts Holding Inc., Valley Biomedical Products & Services Inc., Equitech-Bio Inc., and Rocky Mountain Biologicals contribute as well. Furthermore, the market also includes PAN-Biotech GmbH, BIOWEST SAS, Moregate Biotech, Tissue Culture Biologicals, Kerafast Inc., Access Biologicals LLC, Animal Technologies Inc., Cell Applications Inc., and Cell Sciences Inc.

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Which geographic areas are influencing the growth of the serum market?

North America was the largest region in the serum market in 2024. The regions covered in the serum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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