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.

 | Quelle: Straits Research Straits Research

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 MetricDetails
Market SizeUSD 2.37 billion by 2030
CAGR14.1% (2022-2030)
Historical Data2019-2020
Base Year2021
Forecast Period2022-2030
Forecast UnitsValue (USD Billion )
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments CoveredType and End-User
Geographies CoveredNorth America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/VendorsThermo Fisher Scientific,Merck,Lonza,Rooster Bio,Sartorius,PromoCell,STEMCELL Technologies,Miltenyi Biotec,Ajinomoto
Key Market OpportunitiesComparatively Easier Downstream Process with Least Risk of Contaminants
Key Market DriversGrowing Prevalence of Infectious and Chronic Diseases
Rising Awareness of Disease Diagnosis through Diagnostic Technologies

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

  1. Introduction
    1. Market Definition
    2. Market Scope
  2. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  3. Market Overview
    1. Report Segmentation & Scope
    2. Value Chain Analysis: Serum-Free Media Market
    3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
    5. Market Share Analysis
  4. Type Overview
    1. Introduction
      1. Market Size & Forecast
    2. CHO Cell Media
      1. Market Size & Forecast
    3. Protein Expression Media
      1. Market Size & Forecast
  5. End-User Overview
    1. Introduction
      1. Market Size & Forecast
    2. Biopharma Industry
      1. Market Size & Forecast
    3. Clinical Research Organizations
      1. Market Size & Forecast
  6. Regional Overview
    1. Introduction
      1. Market Size & Forecast
    2. America
      1. North America
      2. U.S.
        1. By Type
        2. By End-User
      3. Canada
        1. By Type
        2. By End-User
      4. Mexico
        1. By Type
        2. By End-User
      5. Latin America
        1. By Type
        2. By End-User
    3. Europe
      1. Market Size & Forecast
      2. Germany
        1. By Type
        2. By End-User
      3. France
        1. By Type
        2. By End-User
      4. U.K.
        1. By Type
        2. By End-User
      5. Italy
        1. By Type
        2. By End-User
      6. Spain
        1. By Type
        2. By End-User
      7. Rest of Europe
        1. By Type
        2. By End-User
    4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
        1. By Type
        2. By End-User
      3. China
        1. By Type
        2. By End-User
      4. Australia
        1. By Type
        2. By End-User
      5. India
        1. By Type
        2. By End-User
      6. South Korea
        1. By Type
        2. By End-User
      7. Rest of Asia-Pacific
        1. By Type
        2. By End-User
    5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
        1. By Type
        2. By End-User
      3. South Africa
        1. By Type
        2. By End-User
      4. Kuwait
        1. By Type
        2. By End-User
      5. Rest of Middle East & Africa
        1. By Type
        2. By End-User
  7. Company Profile
    1. Thermo Fisher Scientific
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    2. Merck
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    3. Lonza
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
  8. Conclusion & Recommendation
  9. 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

Growing Popularity of Virtual Gaming and Multimedia Streaming Driven Organizations to Provide New Growth Avenues Virtual Reality 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


Tags

Serum-Free Media Market Serum-Free Media Market Share Biopharmaceutical chronic diseases Diet and nutrition cell cultures WHO

Weiterführende Links