The Serum Free Media Global Market Report 2023, provides comprehensive information on the serum free media market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Serum Free Media Global Market Report 2023, the global serum-free media market is expected to grow from $1.29 billion in 2022 to $1.45 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The serum-free media market is expected to reach $2.23 billion in 2027 at a CAGR of 11.3%.
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Product innovation has emerged as a key trend gaining popularity in the serum-free media market. Major companies operating in the serum-free media market are concentrating on creating innovative products to strengthen their position in the market. For instance, in March 2021, Thermo Fisher Scientific Inc., a US-based medical equipment provider, launched Gibco CTS OpTmizer Pro Serum-Free Media (SFM). It is a first-of-its-kind media solution targeting the metabolism of healthy donor cells, making it the ideal choice for developing allogeneic, over-the-counter cell treatments. Using allogeneic processes, Gibco CTS OpTmizer Pro generates and multiplies human T lymphocytes (T-cells) for cell therapy developers.
The serum free media market is segmented:
1) By Media Type: Chinese Hamster Ovary (CHO) Cell Media, Protein Expression Media, Immunology Media, Insect Cell Media, Hybridoma Media, Stem Cell Media, Chemically Defined Media
2) By Application: Biopharmaceutical Production, Tissue Engineering And Regenerative Medicine
3) By End-User: Biopharmaceutical Companies, Clinical Research Organizations, Academic Research Centers, Other End-Users
North America was the largest region in the serum free media market in 2022.
The table of contents in TBRC’s serum free media market report includes:
1. Executive Summary
2. Serum Free Media Market Characteristics
3. Serum Free Media Market Trends And Strategies
4. Serum Free Media Market – Macro Economic Scenario
5. Global Serum Free Media Market Size and Growth
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26. South America Serum Free Media Market
27. Brazil Serum Free Media Market
28. Middle East Serum Free Media Market
29. Africa Serum Free Media Market
30. Serum Free Media Market Competitive Landscape And Company Profiles
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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