ALBANY, N.Y., Nov. 3, 2020
- The expanding advancements across the research and development activities across all sectors will prove to be a major growth booster for the fetal bovine serum market
- The factors revolving around the growth of the fetal bovine serum market suggest that it may expand at a CAGR of 5.8 % during 2019-2027
ALBANY, N.Y., Nov. 3, 2020 /PRNewswire/ -- Fetal bovine serum is derived from the blood of normal bovine fetuses. It is a by-product developed in the meat-processing industries. It is extensively used as a supplement to the basal growth medium in cell culture due to its high content of embryonic growth-promoting factors.
The ubiquitous applications of fetal bovine serum in drug discovery, human and animal vaccine production, cell media culture, diagnostics, in vitro fertilization, and others may invite tremendous growth prospects for the fetal bovine serum market during the forecast period of 2019-2027.
The magnifying growth in research and academic initiatives across the government and private sector accompanied by heightened demand from traditional users of serum may bring immense growth prospects for the fetal bovine serum market from 2019 to 2027.
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As per the reports concluded after extensive research on all the factors by the Transparency Market Research (TMR) researchers, the global fetal bovine serum market is prognosticated to record a healthy CAGR of 5.8 percent across the forecast period of 2019-2027. The global fetal bovine serum market was valued at US$ 910.6 mn in 2018.
The increasing influence of fetal bovine serum across diverse applications may invite tremendous growth prospects during the assessment period. The fetal bovine serum has a greater efficiency rate than the normal blood serum. This aspect may give a Midas touch to the growth of the fetal bovine serum market.
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Fetal Bovine Serum Market: Key Revelations
Explore 340 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Fetal Bovine Serum Market (Application Type - Drug Discovery, Cell Culture Media, In vitro Fertilization, Human and Animal Vaccine Production, and Diagnostics; End-user - Research & Academic Institutes, and Industry (pharma, biotech, etc.)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027 at https://www.transparencymarketresearch.com/fetal-bovine-serum-market.html
Fetal Bovine Serum Market: Growth Generators
The safety and effectiveness of fetal bovine serum in the growth medium makes it an ideal candidate for a plethora of research activities. This factor may invite tremendous growth prospects for the fetal bovine serum market.
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Fetal Bovine Serum Market: Competitive Analysis
The fetal bovine serum market is highly fragmented with a large number of players in the fray for obtaining a top position among others. This leads to intense competition, the players are also involved in activities like mergers, acquisitions, collaborations, joint ventures, and partnerships for increasing their foothold across the fetal bovine serum market.
Some well-established players in the fetal bovine serum market are PAN-Biotech, Merck KGa, Thermo Fisher Scientific Inc., Tissue Culture Biologicals, Bovogen Biologicals Pvt. Ltd., TCS Biosciences Ltd., and GE Healthcare.
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Global Fetal Bovine Serum Market: Segmentation
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