What is Blood Serum Market?
Blood serum is the portion of plasma remaining after coagulation of blood during which process the plasma protein fibrinogen is converted to fibrin and remains behind in the clot that does not play a role in clotting. Blood serum is used in numerous diagnostic tests as well as blood typing. It includes all proteins not used in blood clotting. The factors such as High Demand for Numerous Diagnostic Tests and Increased Number of Biotechnology and Pharmaceutical Companies are driving the global blood serum market.
The market study is being classified by Type (Bovine (Fetal Bovine, Newborn Calf, Calf, Adult Bovine), Equine, Porcine and Other), by Application (Cell Culture Media, Cell Line Saving, Tissue Culture and Diagnostic Reagents) and major geographies with country level break-up.
Thermo Fisher Scientific (United States), Sigma-Aldrich (United States), Merck Group (Germany), Corning Inc. (United States), Biological Industries (Israel), Bovogen Biologicals (Australia), Moregate Biotech (Australia), VWR International (United States), South Pacific Sera (New Zealand) and Atlanta Biologicals, Inc. (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Zhejiang Tianhang Biotechnology Co Ltd (China) and Jin Yuan Kang Industry Co., Ltd. (China).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Blood Serum market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Blood Serum market by Type, Application and Region.
On the basis of geography, the market of Blood Serum has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand for Numerous Diagnostic Tests
- Increased Number of Biotechnology and Pharmaceutical Companies
Market Trend
- Increased Number of Research and Development Activities
Restraints
- Risk of Transmission of Bloodborne Diseases
Opportunities
- Growing Healthcare Industry Worldwide
- Development of New Products
Challenges
- Stringent Government Rules and Regulations
Market Leaders and some development strategies
In March 2020, Thermo Fisher Scientific Inc., the world leader in serving science, and QIAGEN N.V., a leading global provider of molecular diagnostics and sample preparation technologies, has announced that their boards of directors, as well as the managing board of QIAGEN N.V., have unanimously approved Thermo Fisher’s proposal to acquire QIAGEN.
Key Target Audience
Pharmaceutical Companies, Research Professionals, Emerging Companies and End-users