Serum-free Media Market to Expand at CAGR of 7% during the forecast period, finds TMR Study

Serum-free Media Market to Expand at CAGR of 7% during the forecast period, finds TMR Study

PR Newswire

ALBANY, N.Y., Dec. 22, 2021

Growing prominence of serum-free media due to concerns related to animal origin serum cell culture strengthens growth of the serum-free media market

Role of the scientific community to undertake research and collaborate along with manufacturers to develop several serum-free media to underscore growth

ALBANY, N.Y., Dec. 22, 2021 /PRNewswire/ -- Transparency Market Research: The serum free media market is estimated to expand at a CAGR of 7% during the forecast period from 2021 to 2031. Knowledge among researchers of cell biology that addition of bovine serum or calf serum to cell cultures leads to the production of non-standardized final products favors demand for serum-free media. This is expected to create revenue opportunities in the serum-free media market.

Transparency Market Research

Moreover, the role of pharmaceutical companies to boost the production of COVID-19 vaccines is creating opportunities in the serum-free media market. Furthermore, initiatives undertaken by some pharmaceutical companies to develop plant-based vaccines is gaining recognition in the non-serum market.

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The optimization of serum-free media to different degrees and proportions is observed in the serum-free media market. The optimization is based on the characteristics of Chinese hamster ovary (CHO) cells and their advantages in the production of recombinant therapeutic protein.

North America and Europe stood as the prominent regions in the serum-free media market in the recent past. Factors such as increasing use of serum-free media culture to develop vaccines for chronic diseases and rise in demand for various recombinant proteins cement growth in the serum-free media market in these regions.

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Serum-free Media Market – Key Findings of Report

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Serum-free Media Market – Growth Drivers

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Serum-free Media Market – Key Players

Some of the key players operating in the non-serum media market are:

The serum-free media market is segmented as follows;

Serum-free Media Market, by Media Type

Serum-free Media Market, by End User

Serum-free Media Market, by Region

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