Global Fetal Bovine Serum market will reach 1590 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/27

The demand for fetal bovine serum has been creeping up despite substantial changes in the sera industry. Aggressive development of the healthcare and biomedical industries is prophesied to augur well for the global sales of fetal bovine serum. Any increase in the growth of the beef industry is also anticipated to reflect positively on the global sales of fetal bovine serum considered as a by-product.

However, the seasonal production of fetal bovine serum is prognosticated to interfere with the growth of the global market. This is because the raw material, i.e. fetal bovine blood can only be acquired twice a year.

In 2018, the global Fetal Bovine Serum market size was 890 million US$ and is forecast to 1590 million US in 2025, growing at a CAGR of 7.6% from 2018.

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