The Bovine Serum Market is expected to witness an escalation going forward. With health apps, biosensors, AI, VR, telehealth, robots, cloud computing, predictive analysis, and EHRs being rampantly used, there is nothing to hold the healthcare vertical from soaring high. The healthcare vertical, would, see its cash registers ringing on the count of digital IoT creeping in at a rapid pace.
Bovine serum (BS) is a commonly known component of cell culture media for cultural cells growth and development. Bovine serum is a liquid fraction of clotted blood harvested from bovine devoid of cells, protein and clotting components. Bovine serum market is gaining importance in cell culture application owing to bovine serum with high amount of essential nutritional and growth factors.
Bovine serum is used in wide range of applications in research, development and commercialization. Its primary application is culture media for eukaryotic cells growth and proliferation. Apart from this, bovine serum market majority share covers by research and production of vaccines and biological drugs for human and veterinary applications. In research laboratories, it is used in several immunological assays and testing.
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Increasing research and development activities owing to higher industry funding input is expected to fuel the market growth of bovine serum market. End user preference to bovine serum owing to its high content of natural macronutrients and micronutrients along with essential growth factors is expected to continue bovine serum market demand in the future.
However, ethical and scientific concern of bovine serum collection, and increasing alternative culture media is expected to hamper bovine serum market in the future.
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Market Segmentation
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Key Players
The key players operating in the global bovine serum market are: Thermo Fisher Scientific Inc, Merck KGaA, GE Healthcare, Bio-Techne, Atlas Biologicals, Rocky Mountain Biologicals, Takara Bio, Inc, PAN-Biotech, Cell Culture Technologies LLC, Biological Industries, Caisson Laboratories, Inc and others.
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