Blood Serum Market to Witness 9.7% CAGR Growth as Demand for Tissue Culture and Diagnostic Reagents Heats Up

Credible Market has released a new market report titled, “Blood serum Market (by product, application, and region), Global Opportunity Analysis and Industry Forecast, 2021-2028”. The blood serum market is a competitive, and fragmented landscape with vast opportunities for new players, thanks to growing technological advancements in tissue culture, and diagnostic testing. Some key players in the blood serum market are, Sigma-AldrichThermo Fisher, CorningMerckGeminiBioind, and Bovogen.

The global blood plasma market reached a robust valuation of $23,789 million in 2016. The blood plasma is a core component of various therapy, diagnostic, and medicinal research measure. The growing development of reagents for infectious diseases, and its key application in the area in times of the Covid-19 pandemic remains a major driver of growth for the blood plasma market. The growth in research areas like cell culture, thanks to growing advancements in pattern detections through machine learning, and visualization of 3D model also presents a promising horizon for growth for players in the blood serum market.

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Key players in the global Blood Serum market covered in Chapter 4:

Wuhan Sanli
Zhejiang Tianhang
Changchun Xinuo
Bovogen
GE Healthcare
MRC
Gemini
South Pacific Sera
VWR
Lanzhou Roya
Lanzhou Minhai
Atlanta Biologicals
Moregate Biotech
Bioind
Caoyuan Lvye
Sigma-Aldrich
Jin Yuan Kang
Merck
Thermo Fisher (Life-Tech)
Corning

In Chapter 11 and 13.3, on the basis of types, the Blood Serum market from 2015 to 2026 is primarily split into:

Bovine (Fetal Bovine, Newborn Calf, Calf, Adult Bovine)
Equine
Porcine
Other

In Chapter 12 and 13.4, on the basis of applications, the Blood Serum market from 2015 to 2026 covers:

Cell culture media
Cell line saving
Tissue culture
Diagnostic reagents

Market segment by Region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Demand for Inactivated Vaccines for Covid-19 Remains a Major Prospect

Blood serum is an important ingredient for making inactivated vaccines around the world. Inactivated vaccines usually include deactivated pathogens, which help individuals created antibodies to fight off a virus. These vaccines are widely used for a variety of diseases including Hepatitis A, Polio, Flu, Rabies, and now even Covid-19. An Indian company, Bharat-Infotech has launched an inactivated covid-19 vaccine to immunise the large Indian population. More than 10 million doses of the Covishield vaccines have already been shipped. The vaccine relies on largely imported blood serum obtained from a new-born calf.  Moreover, the prevalence of diseases like polio, regular vaccination drives for hepatitis A, and flu continue to drive robust growth for inactivated vaccines in the blood serum market globally.

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