Adult bovine serum (ABS) is obtained from slaughtered adult cows. The serum is separated from the blood of adult cows more than 12 months old by mechanical defibrination process. It has double the protein level of FBS (fetal bovine serum) and contains more immunoglobulins. ABS contains a low amount of hemoglobin. ABS is often used to increase growth and proliferation of different cell types in basal cell culture media. Bovine blood taken from slaughtered cows is recycled to make a variety of products including food additives, pet food, adhesives, cosmetics, biological reagents, and pharmaceutical intermediates. Among these, serum for cell culture is the most extensively utilized product made from cow blood. The serum obtained during the slaughtering process is considered to be biologically safe for mammalian cell cultures.
Market Dynamics
Numerous benefits of using adult bovine serum for various applications such as cell culture media, vaccine production, diagnostic assays, etc. and increasing Research and development (R&D) activities for evaluating the efficiency of adult bovine serum are propelling the adult bovine serum market growth. Moreover, market players are focused on expanding vaccine manufacturing facilities, which would increase the use of adult bovine serum and drive market growth over the forecast period. For instance, in October 2021, the U.S. International Development Finance Corporation (DFC), the development bank of the U.S., and Biological E. Limited, an India-based pharmaceuticals & biologics company, announced their partnership for the expansion of Biological E.’s vaccine manufacturing facility in Hyderabad, India to produce COVID-19 vaccines. This partnership would help boost COVID-19 response efforts and also benefit long-term global health in India and throughout the Indo-Pacific region.
Key features of the study:
- This report provides an in-depth analysis of the global adult bovine serum market, market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global adult bovine serum market based on the following parameters – company highlights, types portfolio, key highlights, financial performance, and market strategies
- Key companies covered as a part of this study include HiMedia Laboratories, Sartorius AG, Thermo Fisher Scientific, Auckland BioSciences Ltd., Moregate Biotech, Bovogen Biologicals, Merck KGaA, Capricorn Scientific GmbH, Gemini Bio, ROCKY MOUNTAIN BIOLOGICALS, Otto Chemie Pvt. Ltd, CellSera Australia, Serana Europe GmbH, TRINA BIOREACTIVES AG, and WISENT BIOPRODUCTS.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global adult bovine serum market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global adult bovine serum market
Detailed Segmentation:
- Global Adult Bovine Serum Market, By Origin:
- North America-sourced
- Australia-sourced
- New Zealand-sourced
- Others (South America-sourced, etc.)
- Global Adult Bovine Serum Market, By Application:
- Commercial Purpose
- Research Purpose
- Global Adult Bovine Serum Market, By End User:
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Others (Diagnostics Laboratories, Forensic Labs, etc.)
- Global Adult Bovine Serum Market, By Region:
- North America
- Latin America
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Country
- GCC
- Israel
- Rest of Middle East
- Africa
- By Country/Region
- South Africa
- Central Africa
- North Africa
- Company Profiles
- HiMedia Laboratories
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Sartorius AG
- Thermo Fisher Scientific
- Auckland BioSciences Ltd.
- Moregate Biotech
- Bovogen Biologicals
- Merck KGaA
- Capricorn Scientific GmbH
- Gemini Bio
- ROCKY MOUNTAIN BIOLOGICALS
- Otto Chemie Pvt. Ltd
- CellSera Australia
- Serana Europe GmbH
- TRINA BIOREACTIVES AG.
- WISENT BIOPRODUCTS
“*” marked represents similar segmentation in other categories in the respective section.
