Newborn Calf Serum Market Poised to Surge Due to Extensive Usage of Serum in R&D Activities

 

Newborn Calf Serum Market Trends

The newborn calf serum market has experienced significant growth in the recent years owing to increased application of serum in various R&D activities. Newborn calf serum contain important growth factors and has become irreplaceable in cell culture research and processes. It is derived from blood extracted from newborn calves less than 20 days old. Newborn calf serum is commonly used in research activities involving stem cells and plays an indispensable role in studying diseases and developing new therapeutics. It helps scientists gain insights into mechanisms of various diseases and test new drug candidates in a controlled laboratory environment.

The Global Newborn Calf Serum Market is estimated to be valued at US$ 273.39 Bn in 2024 and is expected to exhibit a CAGR of 9.9% over the forecast period from 2024 to 2031.

Newborn Calf Serum Market Trends has applications across various sectors like biotechnology and pharmaceutical industries, institutes, and hospitals. It facilitates initial expansion of different cell types in culture. Researchers heavily rely on newborn calf serum for conducting stem cell therapies research. Growing funding to support research and innovation is anticipated to fuel the adoption of serum. However, ethical concerns associated with extraction of blood from calves could hamper market growth.

Key Takeaways

Key players operating in the newborn calf serum market are Tactile Medical, Bio Compression Systems, Essity Medical Solutions, Sigvaris Group, Lohmann & Rauscher, Mego Afek, ThermoTek, Medi GmbH, Compressel, Huntleigh Healthcare, JUZO, Bio Horizons, medi UK, ArjoHuntleigh, BSN Medical, Lympha Press, Paul Hartmann, Convatec, Herantis Pharma. These players are focusing on capacity expansion to address increasing demand.

The newborn calf serum market provides ample opportunities for players involved in cell culture media production. With rising expenditure on R&D, requests for newborn calf serum from biotech and pharmaceutical companies are expected to surge.

North America dominated the market in 2021. However, Asia Pacific is likely to offer lucrative growth prospects for market participants over the forecast period. Rising biotech investment in China and India will drive the regional market. Players are investing in these emerging economies to leverage growth opportunities.

Market Drivers

Growing scope of stem cell research: Extensive research on stem cell therapeutics for treating chronic diseases like cancer, diabetes is a key factor propelling the market. Newborn calf serum aids stem cell culturing.

Increasing funding for biomedical research: Government and private organizations across the world are offering greater allocations to biotech innovation, which is augmenting demands for newborn calf serum in laboratory studies.

Market Restraints

Ethical concerns over animal serum extraction: Some animal rights activists oppose newborn calf serum collection process, raising ethical issues over it. This could slow down market expansion.

Availability of alternative cell culture media: Researchers are exploring alternatives like synthetic cell culture media to replace newborn calf serum and address ethical issues. This poses a threat to market growth.

In conclusion, exponential growth in research examining regenerative medicines and clinical applications of stem cells will augment the newborn calf serum market in the upcoming decade.

Segment Analysis

The newborn calf serum market is dominated by the fetal bovine serum segment that accounts for more than 50% share of the overall market. Fetal bovine serum finds widespread applications in cell culture media and is considered as the gold standard for supporting the in vitro growth of various human and animal cell lines. It contains growth factors that facilitate cell growth and has low toxicity levels compared to adult serum. Hence, fetal bovine serum remains the most preferred serum type for cell culture media.

Other major segments include adult bovine serum and exosomes but hold relatively smaller market shares. Adult bovine serum finds applications where fetal bovine serum is not suitable or cost-effective. Exosomes segment is expected to witness high growth owing to the increasing focus on developing exosome-based therapies. However, fetal bovine serum will continue dominating the newborn calf serum market in the coming years given its established position and broader acceptance in research activities.

Regional Analysis

North America dominates the global newborn calf serum market and accounts for over 35% of the total revenue. This is attributed to the large bioscience research industry and rising investments in cell-based research in the region. The presence of leading market players and availability of advanced research infrastructure have further strengthened North America's position. Europe holds the second position due to significant government funding for life science projects. Asia Pacific is anticipated to witness the fastest growth during the forecast period driven by increasing research expenditures, collaborations between academic and industry players, and establishment of new biotech hubs.

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