ALBANY, New York: Worldwide, increase in number of academic research institutes is driving the demand for fetal bovine serum. Various governments are collaborating with academic research institutes to support research activities.
Fetal bovine serum is a key raw material used in pharmaceutical, biotechnology, diagnostics, and veterinary industries. Fetal bovine serum is important for ground-breaking research in drug development and has wide applications in cell-based pharmaceutical research. A by-product of the beef industry, fetal bovine serum is a crucial raw material for animal health, pharmaceutical industry, biotechnology, and diagnostic as well as various other research areas, due to its efficacy and safe nature for most experimental procedures.
A report by Transparency Market Research forecasts the global fetal bovine serum market to clock a healthy 8.0% CAGR for the forecast period from 2017 to 2025, for the market to be worth US$1,396.1 mn by 2025 from US$695.3 mn in 2016.
View Report Preview at https://www.transparencymarketresearch.com/fetal-bovine-serum-market.html
The fraction of blood that remains after cattle fetus is centrifuged to remove RBCs is fetal bovine serum. Fetal bovine serum amplifies cell cycle and cell metabolism and is an important element of the nutrient media which consists vitamins, nutrients, and hormones.
Dependence on Climatic Conditions and Rising Demand of Dairy Leads Declines Product Availability
The global fetal serum bovine market is witnessing unparalleled dynamics. The average cost of fetal bovine serum globally has increased exponentially as the availability of fetal bovine serum is dependent on environmental factors. The fetal bovine serum industry is witnessing product shortage due to adverse environmental conditions, along with increased beef and dairy demand that has led to a drastic drop in cattle herd population lowest in 60 years. This, along with a mergers and product calls has led to reduced product availability and hike in product costs.
