September 29th, 2022 Coherent Market Insights Releases
Adult cows from various locations serve as the source of adult bovine serum (ABS). These sources include those from North America, sometimes known as U.S. Origin, as well as those from Europe, Australia, New Zealand, and South America. The collecting of bovine blood from animals (cows) at the moment of slaughter or donor animals is a step in the creation of adult bovine serum (cows). Blood drawn from calves or adult cattle is collected in a clean, controlled environment at the slaughterhouse. The mechanical defibrination technique is used to separate the serum from the blood of adult cows older than 12 months. One of two methods is often used for defibrination. The first technique usually combines blood with glass beads in a sealed jar, but this might harm the cells. It results in hemolysis when left at room temperature for 60 minutes. In the second procedure, blood is agitated in a conical flask with a glass rod that has glass spikes attached to its bottom end. The resulting serum is promptly thawed before further processing and then frozen (-20°C) in specially designated clean, sanitary containers.
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The market for adult bovine serum is predicted to be worth US$ 119.3 million in 2022 and US$ 185.1 million by 2030, growing at a CAGR of 5.6% during the forecast period (2022-2030).
The adult bovine serum market is anticipated to expand due to rising demand for biopharmaceuticals and vaccines.
A biopharmaceutical is a medication that is produced utilising biotechnology from biological sources including people, animals, and microbes. They are created either using tissue culture techniques or utilising mammalian cells, stem cells, etc. Cell culture medium, which is used in tissue culture techniques, contains a variety of crucial elements that preserve the viability of the cell culture and supply nutrients and signals for the production of biopharmaceuticals or therapeutic recombinant molecules. Adult bovine serum is one of these components used in cell culture (ABS). The addition of ABS to basal cell culture medium is a frequent practise to promote the growth and proliferation of several cell types.
Adult bovine serum in culture medium has seen an increase in demand as a result of rising demand for biopharmaceuticals and vaccines throughout time. For instance, in 2020 there were 2,740 drugs being developed for cancer, 1,535 for immunology, 1,498 for neurology, and 1,213 for infectious diseases, according to the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), a trade association that represents pharmaceutical companies worldwide. The research-based biopharmaceutical business spent US$179 billion on biopharmaceutical research and development in 2018, according to the same source.
The worldwide adult bovine serum market is anticipated to increase as a result of the growing availability of adult bovine serum from various sources.
Key market participants’ increased sourcing of adult bovine serum from New Zealand is anticipated to support market expansion during the forecast period.
For instance, the Gibco Bovine Serum of New Zealand origin, obtained from calves of 12 to 24 months of age, is offered by Thermo Fisher Scientific, a U.S.-based provider of scientific equipment, reagents, and consumables. For fundamental cell culture, specialised research, and other diagnostic procedures, this serum is incredibly valuable.
Additionally, sterile adult bovine serum of New Zealand origin is offered by Bovogen Biologicals, a company devoted to the development, manufacture, and distribution of high-quality animal serums. This serum is used as a general ingredient in growth media for tissue and cell culture as well as a research or diagnostic test reagent.
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Over 100 nations across the world have been affected by the disease since the COVID-19 outbreak in December 2019. The global lockdown caused by the coronavirus (COVID 19) pandemic has had an effect on the financial health of companies in all industries. Global supply chains and manufacturing operations have been affected as a result of lockdowns imposed by national authorities, travel restrictions, and other COVID-19 safety measures. However, because ABS is used in the creation of vaccines, demand for adult bovine serum is anticipated to rise during the pandemic.
However, due to a significant lack of medical supplies and raw materials, manufacturing facilities, which are located in the worst-affected nations, have been badly impacted. This has disrupted the world’s supply chains.
The Food and Drug Administration (FDA) of the United States is still keeping tabs on the supply chain. In order to improve the supply chain of healthcare products in the future, the Center for Drug Evaluation and Research (CDER) Drug Shortage Staff asked manufacturers to assess their entire supply chain of a variety of products in 2020, including cell culture media, reagents, and other equipment such as centrifuges.
The market for adult cow serum may be constrained by restrictions related to the use of bovine serum in cell culture. Research quality and reproducibility are compromised by the use of animal-derived substances in cell culture medium, including amino acids, serum, adhesion factors, hydrolysates, lipids, growth factors, peptides, hormones, and proteins. A broad range of macromolecules, including make up adult bovine serum, hormones, detoxifying agents, transport proteins, metals, growth factors, minerals, and lipids.
WISENT BIOPRODUCTS, Thermo Fisher Scientific, TRINA BIOREACTIVES AG, Auckland BioSciences Ltd., Serana Europe GmbH, Moregate Biotech, CellSera Australia, Bovogen Biologicals, Otto Chemie Pvt. Ltd, Merck KGaA, ROCKY MOUNTAIN BIOLOGICALS, Capricorn Scientific GmbH, and Gemini Bio are some of the major companies competing in the adult bovine serum market worldwide.
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Chapter 1 Industry Overview 1.1 Definition 1.2 Assumptions 1.3 Research Scope 1.4 Market Analysis by Regions 1.5 Adult Bovine Serum Market Size Analysis from 2022 to 2028 11.6 COVID-19 Outbreak: Adult Bovine Serum Industry Impact
Chapter 2 Global Adult Bovine Serum Competition by Types, Applications, and Top Regions and Countries 2.1 Global Adult Bovine Serum (Volume and Value) by Type 2.3 Global Adult Bovine Serum (Volume and Value) by Regions
Chapter 3 Production Market Analysis 3.1 Global Production Market Analysis 3.2 Regional Production Market Analysis
Chapter 4 Global Adult Bovine Serum Sales, Consumption, Export, Import by Regions (2017-2022) Chapter 5 North America Adult Bovine Serum Market Analysis Chapter 6 East Asia Adult Bovine Serum Market Analysis Chapter 7 Europe Adult Bovine Serum Market Analysis Chapter 8 South Asia Adult Bovine Serum Market Analysis Chapter 9 Southeast Asia Adult Bovine Serum Market Analysis Chapter 10 Middle East Adult Bovine Serum Market Analysis Chapter 11 Africa Adult Bovine Serum Market Analysis Chapter 12 Oceania Adult Bovine Serum Market Analysis Chapter 13 South America Adult Bovine Serum Market Analysis Chapter 14 Company Profiles and Key Figures in Adult Bovine Serum Business Chapter 15 Global Adult Bovine Serum Market Forecast (2022-2028) Chapter 16 Conclusions Research Methodology
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