Global Porcine Serum Market Size By Application, By End-User, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Porcine Serum Market size was valued at USD 1.6 Billion in 2023 and is projected to reach USD 3.7 Billion by 2030, growing at a CAGR of 8.3%during the forecast period 2024-2030.
Global Porcine Serum Market Drivers
The market drivers for the Porcine Serum Market can be influenced by various factors. These may include
Biopharmaceutical Research and DevelopmentThe expansion of biopharmaceutical research and development is frequently correlated with the need for porcine serum. In cell culture applications, porcine serum is frequently utilized to produce vaccines, monoclonal antibodies, and other biopharmaceuticals.
Expanding Biotechnology and Life Sciences SectorsOne of the main factors propelling the pig serum market is the growth of the biotechnology and life sciences sectors. The need for cell culture products—including porcine serum—is anticipated to rise as these sectors continue to expand.
Growing Need for vaccinationsPorcine serum is frequently used in cell culture procedures for the research and manufacturing of vaccinations. The market for porcine serum may be impacted by the worldwide need for vaccinations, which is fueled by causes such infectious disease outbreaks and rising awareness of preventive healthcare.
Regulatory Compliance and Quality StandardsWhen producing biopharmaceuticals, it is essential to follow quality standards and comply with regulatory regulations. Suppliers of porcine serum that satisfy strict quality and regulatory requirements may be preferred by businesses.
Globalization of Pharmaceutical manufacture and ResearchThe demand for standardized and dependable cell culture products, such as porcine serum, has surged due to the globalization of pharmaceutical manufacture and research.
Alternatives Devoid of AnimalsThe creation and acceptance of synthetic or animal-free substitutes for porcine serum could impact the industry. Conventional porcine serum demand may be impacted by businesses looking to lessen their dependency on animal-derived products.
Pandemic PreparednessThe significance of being ready for newly developing infectious diseases has been brought to light by incidents such as the COVID-19 pandemic. This may result in higher expenditures for research and development, which can have an effect on the market for porcine serum.
Global Porcine Serum Market Restraints
Several factors can act as restraints or challenges for the Porcine Serum Market. These may include
Ethical and Animal Welfare ConcernsAnimal welfare and ethical issues are brought up by the use of products derived from animals, such as porcine serum. The treatment of animals in research is coming under more and more criticism, and this could cause a move toward alternate, animal-free cell culture media.
Regulatory ObstaclesThe Porcine Serum Market may face difficulties due to strict laws governing the use of products produced from animals in biotechnological and pharmaceutical applications. It might be difficult for suppliers to meet the requirements of consistent quality and regulatory compliance.
Supply Chain VulnerabilitiesEvents like swine disease outbreaks or production process interruptions may have an impact on the Porcine Serum Market. These problems may cause shortages and have an effect on the accessibility of porcine serum.
Transition to Non-Animal SubstitutesThe market for pig serum may be contracting due to the increased desire in specified and animal-free cell culture medium. The market expansion may be constrained by businesses and researchers looking for substitutes that don’t depend on ingredients obtained from animals.
Cultural and Religious ConsiderationsUsing goods made from pigs may be frowned upon or subject to dietary restrictions in certain cultures and religions. This may reduce the acceptance of porcine serum in some areas or among particular groups of people.
Technical Difficulties and VariabilityResearchers and manufacturers may encounter technical difficulties due to the fluctuations in the composition and efficacy of swine serum batches. In order to achieve uniformity in the conditions of cell culture, more work and quality control procedures could be necessary.
Global commerce and Geopolitical FactorsThe international commerce of porcine serum may be impacted by geopolitical conflicts, trade restrictions, and worldwide economic concerns. The supply chain and the dynamics of the market may be impacted by changes in trade laws and international relations.
Global Porcine Serum Market Segmentation Analysis
The Global Porcine Serum Market is Segmented on the basis of Application, End-User, and Geography.
Porcine Serum Market, By Application
Biopharmaceuticals ProductionPorcine serum is widely used in the production of biopharmaceuticals, including vaccines, monoclonal antibodies, and other therapeutic proteins. It serves as a critical component in cell culture processes for the growth and maintenance of cells.
Diagnostic Reagents Porcine serum may be used in the development and production of diagnostic reagents for various applications, including in vitro diagnostics and medical research.
Cell Culture MediaPorcine serum is a key component of cell culture media, providing the necessary nutrients and growth factors to support the cultivation of cells for research and manufacturing purposes.
Porcine Serum Market, By End-User
Biotechnology Companies Biotechnology companies often use porcine serum in their research and development activities, especially in the production of biopharmaceuticals and other biotechnology products.
Pharmaceutical Companies Pharmaceutical companies utilize porcine serum in various stages of drug development and production, particularly in cell culture applications for the generation of therapeutic proteins.
Research Laboratories and Institutes Research laboratories and academic institutes leverage porcine serum for a wide range of studies, including cell biology, virology, and immunology.
Porcine Serum Market, By Geography
North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
EuropeAnalysis of the Porcine Serum Market in European countries.
Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
Middle East and AfricaExamining market dynamics in the Middle East and African regions.
Latin AmericaCovering market trends and developments in countries across Latin America.
Key Players
The major players in the Porcine Serum Market are
Bio-Rad Laboratories Inc.
Fitzgerald Industries International Inc.
GenWay Biotech Inc.
Agrisera AB
Biowest SAS
Gemini Bio-Products Inc.
GE Healthcare
Auckland BioSciences Ltd.
ImmunoReagents Inc.
Rockland Immunochemicals Inc
Pel-Freez Biologicals
Caisson Laboratories Inc.
Equitech-Bio Inc.
Merck KGaA
GeneTex Inc.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2020-2030
Base Year
2023
Forecast Period
2024-2030
Historical Period
2020-2022
Unit
Value (USD Billion)
Key Companies Profiled
GenWay Biotech Inc., Agrisera AB, Biowest SAS, Gemini Bio-Products Inc., GE Healthcare, Auckland BioSciences Ltd., ImmunoReagents Inc.
Segments Covered
By Application
By End-User
By Geography
Customization scope
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
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