Adult Bovine Serum Market
The global adult bovine serum market is segmented by origin (North America, Europe, Asia Pacific, Middle East, Africa, and Latin America), application (commercial and research), end user (pharmaceutical & biotechnology companies, academic & research institutes) (diagnostics laboratories, forensic labs, etc.), and region (North America, Europe, Asia Pacific, Middle East, Africa, and Latin America) (2022-2030).
Adult bovine serum (ABS) is used in the manufacture of vaccines, and several governments, non-profit organisations, and industry participants, including GlaxoSmithKline plc., are engaging in projects and campaigns to expand the general use of vaccinations.
The World Health Organization (WHO) endorsed the malaria vaccine created by GlaxoSmithKline (GSK) plc, a science-driven global healthcare corporation, in October 2021 as being crucial for children in Sub-Saharan Africa and other areas with low to high P. falciparum malaria transmission. Based on the findings of a current pilot project the strategy that has benefited approximately 900,000 children since it started in Ghana, Malawi, and Kenya in 2019.
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In December 2021, Samantha Power, the administrator of USAID (the United States Agency for International Development), also announced the launch of the Initiative for Global Vaccine Access, a new, cross-government initiative to expedite attempts to get COVID-19 vaccines into hands and enhance global coordination to identify and swiftly remove access barriers to save lives, with a focus on nations in Sub-Saharan Africa. The United States has indeed pledged more than US$ 1.3 billion to vaccine development, and Global VAX manages a cross-government project.
Globally, the COVID-19 pandemic has had an impact on a number of businesses. Due to the COVID-19 pandemic, key companies in the global adult bovine serum market are facing significant difficulties on several fronts. According to the World Health Organization’s Coronavirus Disease (COVID-19) Weekly Epidemiological Update, there were about 546,357,444 confirmed cases of COVID-19 over the world as of July 5, 2022, and there were 6,336,415 fatalities.
The COVID-19 epidemic has had a significant influence on the economy in three ways: by directly altering supply and demand; by causing disruptions in the lines of distribution; and by having an economic impact on businesses and financial markets.
In addition, it was difficult for healthcare practitioners to find the extra staff, supplies, consumables, and other resources needed to maintain hospital safety and treat patients with illnesses other than COVID-19. Additionally, this has had a severe effect on the entire healthcare sector.
Due to flaws in the transportation system, one of the main problems caused by the COVID-19 pandemic is the restricted availability of raw materials needed to make biopharmaceuticals and other reagents.
The expansion of production facilities by market participants is anticipated to boost their market presence, open up new prospects, and ultimately fuel market development throughout the projected period. As an illustration, FUJIFILM Corporation, an operating company of FUJIFILM Holdings Corporation, announced in March 2021 that Holly Springs, North Carolina, United States, would serve as the site of its new, sizable Cell Culture Biopharmaceutical Contract Development and Manufacturing Organization (CDMO) Facility in the United States.
Due to the rising prevalence of TB, the global adult bovine serum market is predicted to grow at a CAGR of 5.6% during the forecast period. For instance, the tuberculosis (TB) vaccine is made using adult bovine serum. The World Health Organization (WHO) estimates that approximately 1.5 million people will pass away from tuberculosis in 2020, including 214,000 people who have the HIV virus. TB is the second most common infectious killer in the world (behind HIV/Acquired immunodeficiency syndrome) and the 13th largest cause of death overall.
Due to the rising availability of adult bovine serum obtained from the United States, which is anticipated to drive the segment growth during the forecast period, the adult bovine serum market in North America is anticipated to dominate all other regions in the world during the projected period. Adult bovine serum of American origin is available from Merck KGaA, a worldwide science and technology corporation, and is acceptable for cell culture. It has been sterile-filtered.
Due to rising production of adult bovine serum for cell culture uses, the research purpose sector is anticipated to hold its dominance among applications in 2022 and during the forecast period. As an illustration, the German company Capricorn Scientific, which produces cell culture materials for research, diagnostics, and bioprocess, sells adult bovine serum.
WISENT BIOPRODUCTS, Thermo Fisher Scientific, TRINA BIOREACTIVES AG, Auckland BioSciences Ltd., Serana Europe GmbH, Moregate Biotech, CellSera Australia, Bovogen Biologicals, Otto Chemie Pvt. Ltd, Merck KGaA, ROCKY MOUNTAIN BIOLOGICALS, Capricorn Scientific GmbH, and Gemini Bio are some of the major companies competing in the adult bovine serum market worldwide.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Adult Bovine Serum Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Adult Bovine Serum Industry Impact
Chapter 2 Global Adult Bovine Serum Competition by Types, Applications, and Top Regions and Countries
2.1 Global Adult Bovine Serum (Volume and Value) by Type
2.3 Global Adult Bovine Serum (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Adult Bovine Serum Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Adult Bovine Serum Market Analysis
Chapter 6 East Asia Adult Bovine Serum Market Analysis
Chapter 7 Europe Adult Bovine Serum Market Analysis
Chapter 8 South Asia Adult Bovine Serum Market Analysis
Chapter 9 Southeast Asia Adult Bovine Serum Market Analysis
Chapter 10 Middle East Adult Bovine Serum Market Analysis
Chapter 11 Africa Adult Bovine Serum Market Analysis
Chapter 12 Oceania Adult Bovine Serum Market Analysis
Chapter 13 South America Adult Bovine Serum Market Analysis
Chapter 14 Company Profiles and Key Figures in Adult Bovine Serum Business
Chapter 15 Global Adult Bovine Serum Market Forecast (2022-2028)
Chapter 16 Conclusions
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