Top levels of nutrients and optimal amalgamation of growth factors make it an ideal growth supplement for cell cultures.
Australia and New Zealand Fetal Bovine Serum Industry:
Increase in research and development activities, in the last few years, associated with the development of biopharmaceuticals is the major factor driving the growth of the fetal bovine serum market in more than one way. At the same time, persistent expansion of the biopharmaceutical research sphere has amplified the demand for fetal bovine serum solutions, when rise in investments and solid subsidies for research intercessions in both the developed and developing economies has acted as positive thread for the growth of the market.
Top levels of nutrients and optimal amalgamation of growth factors make it an ideal growth supplement for cell cultures. Mainly, the considerably lower content of antibodies as opposed to adult and newborn sera curtails the very risk of antibody cross reaction, making it a highly preferred choice in a lot of fields such as cancer research, expansion of biopharmaceuticals, and other research commitments.
According to AMR, the Australia and New Zealand fetal bovine serum market is projected to display a noteworthy CAGR from 2021 to 2030. The fact that sera is extensively used as a surplus growth supplement accompanied the culture media research made specifically for the preservation, growth, and conveyance of microorganisms and diverse types of cells has opened up new avenues for the market growth altogether. The collection of different media available in research acknowledges the culturing of microorganisms and cell types.
Most importantly, solid funding by several government agencies and increase in focus to develop biopharmaceuticals have supplemented the Australia and New Zealand fetal bovine serum market yet more. A lot of market players have also started incorporating avant-garde strategies to heighten their stand in the industry.
For example, FBS is mainly cradled from the placenta of pregnant cows, which makes it a contentious ingredient in products especially that are anticipated to be free of animal properties. Recently, there are organizations that have come up with a standby FDA-approved substrate, making its cell-based milk more approachable and potentially accelerating the procedure of regulatory endorsement.
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Top Leading Players:
- Atlas Biologicals
- Biological Industries
- Bio Techne
- Biowest
- GE Healthcare
- HiMedia Laboratories Pvt. Ltd.
- Merck KGaA (Sigma Aldrich)
- Pan Biotech
- Rocky Mountain Biologicals
- Thermo Fisher Scientific Inc.
Impact of Covid-19 on Australia and New Zealand Fetal Bovine Serum Market-
The outbreak of the Covid-19 pandemic has had a positive impact on the Australia and New Zealand fetal bovine serum market, since fetal bovine serum has widely been utilized in the making of vaccines as well as in the preparation of in-vitro cell-culture. This serum is used as an add-on in the growth media for the vaccines, which in turn has been highly beneficial for the market. This trend is most likely to continue till the pandemic is completely over.