The Adult Bovine Serum Market Is Driven By Increasing Biotechnology Applications


The adult bovine serum is commonly used in cell culture media for the growth and maintenance of mammalian cells. It provides stable growth promoting factors required for the culturing of both primary cells and cell lines in vitro. Serum contains growth factors, attachment and spreading factors, nutrients and various other components essential for cell viability and proliferation. The global adult bovine serum market plays a crucial role in supporting research pertaining to new drug discovery and development, vaccine development, biomanufacturing and cell therapy. Serum finds widespread utility in cell culture research fields like immunology, microbiology, cancer research and stem cell therapy. The global Adult Bovine Serum Market is estimated to be valued at US$ 145.13 Bn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The adult bovine serum market is expected to witness significant growth over the forecast period owing to increasing investments in biotech research across the globe. Stringent regulatory guidelines associated with serum testing and screening along with growing preference for serum-free media formulations are some of the major challenges faced by market players. However, advancements in large-scale serum production through centralized facilities and development of emerging economies are expected to create lucrative opportunities for adult bovine serum providers. Additionally, growing focus on cell-based therapeutics and vaccines against infectious diseases will further aid the market expansion during the forecast period. Market leaders are investing in research activities to develop next-generation serum products with stable growth factor concentrations and minimal risk of contamination.

Porter’s Analysis
Threat of new entrants: Low. High capital requirements and stringent government regulations pose entry barriers.

Bargaining power of buyers: High. Presence of many buyers reduces buyer dependence on any single supplier.

Bargaining power of suppliers: Moderate. Major suppliers control a significant portion of global supply.

Threat of new substitutes: Moderate. Potential substitutes exist but require significant investments.

Competitive rivalry: High. Market involves many regional and global players competing on pricing and quality.

Key Takeaways
The Global Adult Bovine Serum Market Growth is expected to witness high.

Regional analysis: The North American region dominates the global market currently owing to growing biopharmaceutical industry and increasing R&D investments in drug development. The Asia Pacific region is expected to witness the fastest growth over the forecast period supported by expanding biotech industry and increasing life science research in China, India, and South Korea.

Key players operating in the Adult Bovine Serum market are Flex, TE Connectivity, Sanmina, Jabil, Celestica, Plexus, and Tecomet, among others. Flex is a leading electronics manufacturing services company focused on end-to-end solutions. TE Connectivity is a global technology leader in connectivity and sensors. Sanmina provides integrated manufacturing solutions. Jabil is one of the largest EMS providers focused on electronics design. Celestica is a leader in design, manufacturing, and supply chain solutions. Plexus provides product realization services. Tecomet specializes in medical device manufacturing.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it