by The global Newborn Calf Serum Market is estimated to be valued at US$ 222.2 Mn in 2022 and is expected to exhibit a CAGR of 6.8% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Newborn calf serum plays a crucial role in various research and biopharmaceutical applications. It is primarily used as a supplement in cell culture media for the growth of cells. Newborn calf serum contains growth factors, hormones, and other essential components that promote cell proliferation and differentiation. It is widely used in the development of vaccines, regenerative medicines, and therapeutic proteins. The increasing demand for vaccines, along with the rising prevalence of chronic diseases and the growth of the biopharmaceutical industry, is expected to drive the market growth.
Market Dynamics:
The global newborn calf serum market is driven by two main factors: the increasing demand for vaccines and regenerative medicines.
1. Increasing Demand for Vaccines:
The demand for vaccines is witnessing significant growth due to the increasing prevalence of infectious diseases and the growing emphasis on preventive healthcare. Newborn calf serum is widely used in the production of vaccines as it provides an optimal growth environment for vaccine-producing cells. With the ongoing COVID-19 pandemic, there has been a surge in the demand for vaccines, further boosting the market growth.
2. Growing Demand for Regenerative Medicines:
Regenerative medicines have gained significant attention in recent years due to their potential in providing innovative solutions for various diseases and injuries. Newborn calf serum is used as a supplement in the production of regenerative medicines, such as stem cells and tissue engineering products. The increasing investments in regenerative medicine research and the rising prevalence of chronic diseases are driving the demand for newborn calf serum in this segment.
Segment Analysis:
The global newborn calf serum market can be segmented based on application and end-user. Based on application, the market can be further divided into vaccine production, regenerative medicine, cell culture media, and others. Among these, the vaccine production segment is expected to dominate the market. The growing focus on immunization programs and the increasing demand for preventive vaccines are driving the growth of this segment.
PEST Analysis:
– Political: The regulatory environment and government policies play a crucial role in the market growth. Strict regulations concerning the quality and safety of biological products may impact market dynamics.
– Economic: Economic factors, such as healthcare expenditure, research and development investments, and GDP growth, can influence the market growth.
– Social: The increasing prevalence of infectious diseases, population growth, and the aging population are important social factors driving the demand for newborn calf serum.
– Technological: Technological advancements, such as serum-free media and animal-free alternatives, may pose a challenge to the market growth.
Key Takeaways:
– The global Newborn Calf Serum Market Segmentation is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period, due to increasing demand for vaccines and regenerative medicines.
– North America is expected to dominate the market, driven by the presence of major pharmaceutical and biotechnology companies, along with increasing investments in research and development activities.
– Key players operating in the global newborn calf serum market include HiMedia Laboratories, Thermo Fisher Scientific Inc., Sartorius AG, Merck KGaA, Corning Inc., Atlas Biologicals, Inc., TCS Biosciences Ltd., Bovogen Biologicals Pty Ltd., Novus Biologicals, LLC, Capricorn Scientific, PAN-Biotech GmbH, Atlanta Biologicals, Inc., Rockey Mountain Biologicals, GE Healthcare, Serana, and Zhejiang Tianhang Biotechnology.
In conclusion, the global newborn calf serum market is expected to witness significant growth driven by the increasing demand for vaccines and regenerative medicines. The market offers lucrative opportunities for key players to expand their product portfolios and cater to the growing needs of the biopharmaceutical industry. However, stringent regulations and the emergence of animal-free alternatives may pose challenges to market growth. Overall, the future looks promising for the newborn calf serum market, with advancements in technology and increasing investments in research and development activities.
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
