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Fetal Bovine Serum Global Market Report 2021: COVID-19 Growth And Change
The Business Research Company’s Fetal Bovine Serum Global Market Report 2021: COVID-19 Growth And Change
LONDON, GREATER LONDON, UK, June 3, 2021 /EINPresswire.com/ The increasing demand for biopharmaceuticals is expected to drive the growth of the fetal bovine serum market in the forecast period. A biopharmaceutical is a medicinal product that is derived from biological sources such as animals, humans, and microorganisms using biotechnology. Fetal bovine serum (FBS) is the most widely used substitute for animal cell culture media. Pharmaceutical firms, diagnostic laboratories, and researchers rely heavily on FBS for much of their cell culture requirements in biologics research. The global biologics market is expected to increase from $253.4 billion in 2020 to $420.5 billion by 2025. Therefore, the rising demand for biopharmaceuticals propels the growth of the fetal bovine serum market.