Serum-Free Media Market Size is projected to reach USD 2.37 Billion by 2030, growing at a CAGR of 14.1%: Straits Research
The global serum-free media market was valued at USD 740 million in 2021 and is projected to reach USD 2,370 million by 2030, growing at a CAGR of 14.1% during the forecast period (2022 - 2030). North America accounted for the largest market share and is expected to grow at a CAGR of 5.6% during the forecast period.
New York, United States, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Serum-free medium (SFM) allows researchers to grow a specified cell type or execute a selected application without serum. Serum-free media promotes constant cell growth and helps minimize possible errors by lowering the proportion of unequal development among cell cultures. Consistency in cell culture paired with enhanced cell growth with increased productivity makes it easier to employ serum-free media for cell culture growth in biopharmaceutical production, research, and development.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/serum-free-media-market/request-sample
Rising Prevalence of Infectious and Chronic Diseases to Drive the Global Serum-Free Media Market
Despite safeguards and personal cleanliness practices, the prevalence of infectious and chronic diseases is on the rise around the globe. Diet and nutrition are the most critical elements in chronic illness prevention. In contrast, the nutritional value of diets is worsening, which is the leading cause of the rising prevalence of chronic diseases globally, particularly in developing nations, such as Southeast Asian and Western European nations. Chronic diseases caused by incorrect nutrition over the long term include infectious disorders, cardiovascular diseases, diabetes, and many types of cancer, aging, and obesity.
According to the World Health Organization (WHO), chronic non-communicable diseases (NCDs) accounted for 57 percent of global fatalities in 2020, up from 46 percent in 2001. The rise in infectious disorders has also led to advances in serum-free media research and development, which is anticipated to propel the global serum-free media market. Developments in R&D of chronic and infectious disease treatments are causing the global serum-free media market to expand as a result of the need for precise, early, and timely information regarding basic cell biology and biochemistry and the interaction between cells and disease-causing agents such as viruses and bacteria to study the effect of drugs.
Comparatively Easier Downstream Process with Least Risk of Contaminants to Provide Opportunities for these
The specified nature of serum-free media frequently facilitates the purifying process compared to serum media, known as undefined media. In place of serum, a known composition of the serum-free medium often containing additional components for cell growth reduces the lengthy procedure and improves cell growth. It is known that the type and amount of each component added to serum-free media aid in the exact evaluation of each component added to it. However, the protein level is significantly reduced in serum-free media, making downstream processing easier than in serum media. It reduces contamination of subsequent processing and simplifies the cell environment in a serum-free medium.
The serum has a propensity to bind to other components of the medium, or it may begin to degrade on its own, increasing the likelihood of interaction and leading to inaccurate results. In the case of serum-free medium, the risk is eliminated. In the case of serum medium, the serum protein concentration may be higher than the recombinant protein produced by mammalian cells. If the serum protein and recombinant protein have a similar molecular structure, differentiation is challenging; nevertheless, in serum-free media, protein concentration is low, dramatically reducing the likelihood of this occurring. In light of these favorable characteristics, it is anticipated that the global serum-free media market will rise at a healthy rate over the next ten years.
Report Scope
Report Metric | Details |
Market Size | USD 2.37 billion by 2030 |
CAGR | 14.1% (2022-2030) |
Historical Data | 2019-2020 |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Forecast Units | Value (USD Billion ) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type and End-User |
Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
Key Companies Profiled/Vendors | Thermo Fisher Scientific,Merck,Lonza,Rooster Bio,Sartorius,PromoCell,STEMCELL Technologies,Miltenyi Biotec,Ajinomoto |
Key Market Opportunities | Comparatively Easier Downstream Process with Least Risk of Contaminants |
Key Market Drivers | Growing Prevalence of Infectious and Chronic Diseases |
Buy Now Full Report @ https://straitsresearch.com/buy-now/serum-free-media-market
Regional Insights
Based on regions, the global serum-free media market is segmented into North America, Europe, Asia-Pacific, South America & the Middle East, and Africa. North America accounted for the largest market share and is expected to grow at a CAGR of 5.6% during the forecast period. The established healthcare industry, refined healthcare, and medical infrastructure, high biopharma healthcare spending, the active presence of significant industry players, and the high number of firms with a strategic pipeline for serum-free media are influencing the growth trajectory of this region.
Europe is the second largest region. It is estimated to reach an expected value of USD 544 million by 2030 at a CAGR of 6.6%. In February 2016, the United Kingdom became the first nation to legalize the genetic editing of human embryos, with a substantial contribution from serum-free media and other relevant scientific breakthroughs. In Europe, serum-free media is a rapidly emerging area of biotechnology and biopharma that permits researchers to monitor and analyze the interaction between cells and disease-causing agents such as viruses and bacteria and examine the effect of medications and the aging process. The above factors are anticipated to boost the market for serum-free media in Europe over the forecast period.
Asia-Pacific is the fastest-growing region. Asia-Pacific serum-free media market is one of the world's fastest-growing markets. In Asia-Pacific, serum-free media technology is predominantly utilized in significant national needs, such as in China, India, Japan, Australia, and South Korea, where biopharmaceutical companies engage heavily in R&D. Due to the increasing number of R&D and clinical trial programs each year for chronic and severe diseases, Asia-Pacific is expected to generate lucrative revenue opportunities in the coming years. This is because the region has a vast potential for serum-free media development. As this technique is anticipated to be helpful in the prevention and treatment of complex diseases such as mental illness, cancer, heart disease, and human immunodeficiency virus (HIV) infection, the Asia-Pacific region is anticipated to generate lucrative growth opportunities, thereby bolstering the serum-free media market in the region.
Key Highlights
The global serum-free media market size was valued at USD 740 million in 2021 and is projected to reach USD 2,370 million by 2030, growing at a CAGR of 14.1% during the forecast period (2022 - 2030).
Based on type, the global serum-free media market is segmented into CHO Cell Media, Protein Expression Media, Hybridoma Media, Immunology Media, Insect Cell Media, Stem Cell Media, and Others. CHO Cell Media segment accounted for the largest market share and is expected to grow at a CAGR of 7.6% during the forecast period.
Based on end-user, the global serum-free media market is segmented into Biopharma Industry, Clinical Research Organizations, Research Centers, and Others. The Biopharma Industry segment accounted for the largest market share and is expected to grow at a CAGR of 6.9% during the forecast period.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/serum-free-media-market/request-sample
Competitive Landscape
Thermo Fisher Scientific
Merck
Lonza
Rooster Bio
Sartorius
PromoCell
STEMCELL Technologies
Miltenyi Biotec
Ajinomoto
Global Serum-Free Media Market: Segmentation
By Type
CHO Cell Media
Protein Expression Media
Immunology Media
Insect Cell Media
Hybridoma Media
Stem Cell Media
Others
By End-user
Biopharma Industry
Clinical Research Organizations
Research Centers
Others
By Region
North America
Europe
Asia-Pacific
South America
The Middle East and Africa.
TABLE OF CONTENT
Introduction
Market Definition
Market Scope
Research Methodology
Primary Research
Research Methodology
Assumptions & Exclusions
Secondary Data Sources
Market Overview
Report Segmentation & Scope
Value Chain Analysis: Serum-Free Media Market
Key Market Trends
Drivers
Restraints
Opportunities
Porter’s Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of Substitution
Threat of New Entrants
Competitive Rivalry
Market Share Analysis
Type Overview
Introduction
Market Size & Forecast
CHO Cell Media
Market Size & Forecast
Protein Expression Media
Market Size & Forecast
End-User Overview
Introduction
Market Size & Forecast
Biopharma Industry
Market Size & Forecast
Clinical Research Organizations
Market Size & Forecast
Regional Overview
Introduction
Market Size & Forecast
America
North America
U.S.
By Type
By End-User
Canada
By Type
By End-User
Mexico
By Type
By End-User
Latin America
By Type
By End-User
Europe
Market Size & Forecast
Germany
By Type
By End-User
France
By Type
By End-User
U.K.
By Type
By End-User
Italy
By Type
By End-User
Spain
By Type
By End-User
Rest of Europe
By Type
By End-User
Asia Pacific
Market Size & Forecast
Japan
By Type
By End-User
China
By Type
By End-User
Australia
By Type
By End-User
India
By Type
By End-User
South Korea
By Type
By End-User
Rest of Asia-Pacific
By Type
By End-User
Middle East & Africa
Market Size & Forecast
Saudi Arabia
By Type
By End-User
South Africa
By Type
By End-User
Kuwait
By Type
By End-User
Rest of Middle East & Africa
By Type
By End-User
Company Profile
Thermo Fisher Scientific
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Merck
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Lonza
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Conclusion & Recommendation
Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/serum-free-media-market/toc
Market News
June 2022 - Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, is showcasing new instruments, workflows, software, and industry collaborations that enable customers to generate new analytical insights and accelerate next-generation vaccine and therapy development.
February 2022 - Moderna, Inc. (Nasdaq: MRNA), a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, and Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced a 15-year strategic collaboration agreement to enable dedicated large-scale manufacturing in the U.S. of Spikevax®, Moderna's COVID-19 vaccine, and other investigational mRNA medicines in its pipeline.
News Media
Increasing Application in Cell Culture Likely to Escalate the Fetal Bovine Serum Market
Have a Look at the Related Research Report
Fetal Bovine Serum Market: Information by Type (Charcoal Stripped, Stem Cells), Application (Drug Discovery, Cell Culture), End-User (Diagnostics Labs), and Region — Forecast till 2030
Gene Therapy Cell Culture Media Market: Information by Type (Stem Cell Culture Media, Serum-Free Media), End-User (Pharma and Biotech Companies), and Region — Forecast till 2029
Bovine Serum Market: Information by Form (Dry, Liquid), End-Use Industry (Healthcare, Food, and Beverage, Husbandry), and Region — Forecast Till 2027
About Straits Research Pvt. Ltd.
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
For more information on your target market, please contact us below:
Phone: +1 646 480 7505 (the U.S.)
+91 8087085354 (APAC)
+44 208 068 9665 (the U.K.)
Email: sales@straitsresearch.com
Follow Us: LinkedIn | Facebook | Instagram | Twitter