Serum-free Media Market: Introduction
According to the report, the global serum-free media market was valued at US$ 320 Mn in 2020 and is projected to expand at a CAGR of 7% from 2021 to 2031. Serum-free media contains all the essential nutrients such as amino acids, carbohydrates, and lipids as in normal cell culture media, except serum. This type of media lacks various growth factors such as vascular epidermal growth factors (VEGF) and bone growth factors (BGF) that are essential for the normal growth of cells. Hence, serum-free media is called selectively optimized media, as it is selective for a particular type of cell culture.
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Serum-free media is used in various applications, major application being the production of recombinant therapeutic proteins. These are also used in suspension & adherent cultures for culturing hybridoma and various white blood cells. In terms of media type, the global serum-free media market has been classified into CHO cell media, protein expression media, immunology media, insect cell media, hybridoma media, stem cell media, and chemically defined media. The CHO cell media segment accounted for a significant share of the global serum-free media market in 2020.
Based on end-user, the global serum-free media market has been divided into biopharma industry, clinical research organizations, research centers, and others. The biopharma industry segment held a major share of the global serum-free media market in 2020.
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Serum-free Media Market: Prominent Regions
North America accounted for a major share of the global serum-free media market in 2020. Presence of key players, rise in number of chronic diseases that use serum-free media as culture for drug development processes, and growth strategies adopted by key players drive the serum-free media market in the region. Europe held the second largest share of the global serum-free media market in 2020. The growth of the market in the region can be attributed to well-developed healthcare infrastructure and increase in demand for various recombinant proteins and types of culture. The serum-free media market in Europe is likely to grow at a rapid pace during the forecast period. Technological developments in serum-free media are also likely to propel the serum-free media market in the region.
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Serum-free Media Market: Key Players
Key players are expanding their footprint to consolidate their positions and increase their share in the global serum-free media market. Hence, manufacturers engage in new product development, collaborations, and distribution to gain market share. Leading players operating in the global serum-free media market include Thermo Fisher Scientific, Athena Environmental Sciences, Pan Biotech, Bichrom, Irvine Scientific, Biological Industries, Sigma-Aldrich, CellGenix, and HiMedia Laboratories.
Global Serum-free Media Market: Segmentation
Serum-free Media Market, by Media Type
· CHO Cell Media
· Protein Expression Media
· Immunology Media
· Insect Cell Media
· Hybridoma Media
· Stem Cell Media
· Chemically Defined Media
Serum-free Media Market, by End-user
· Biopharma Industry
· Clinical Research Organizations
· Research Centers
· Others
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