According to the latest research report by The Insight Partners Cell Line Development Serum market is expected to reach US$ 1,467.92 million by 2027 from US$ 915.58 million in 2019; it is estimated to grow at a CAGR of 6.1% from 2020 to 2027. The report provides trends prevailing in the global cell line development serum market, and the drivers and hindrances pertaining to the market growth.
Fetal Bovine Serum Segment to Grow at Fast Pace during 2020–2027Fetal bovine serum, adult bovine serum, porcine serum, horse serum, and other animal serum make up the various types of cell line development serum sold globally. The segment for foetal bovine serum had the most market share in 2019 and is predicted to have the highest CAGR over the course of the forecast period. Fetal bovine serum (FBS) is made from blood taken from a cow foetus during the slaughtering using a closed collecting system.
The market for cell line development serum is expanding as a result of increased R&D spending, collaborations between pharmaceutical and biotechnology companies, and rising use of regenerative medicines. Additionally, growing vaccine production is probably going to benefit the industry in the next years. The growth of the industry is being constrained, though, by the possibility of contamination, misidentification, and arbitrary cell line alternations.
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The market for Cell Line Development Serum is concentrated with some very well-established players. Some of the key players in the Cell Line Development Serum Market include
- Thermo Fisher Scientific Inc.,
- Sigma-Aldrich Corporation (MERCK KGaA)
- Cytiva (Danaher)
- PAN Biotech
- Corning Incorporated
- European Collection of Cell Cultures (ECACC)
- Bovogen Biologicals Pty Ltd.
- WuXi AppTec
- American Type Culture Collection (ATCC)
Cell Line Development Serum Market is Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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