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The growth of the global serum free media market size is being driven by the increasing demand for cell-based vaccines across the globe. The market attained a value of USD 1.57 billion in 2024. The market is anticipated to grow at a CAGR of 10% during the forecast period of 2025-2034 to attain a value of USD 3.72 billion by 2034.
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North America is one of the most lucrative serum-free media markets with highest revenue share due to high production and consumption by bio pharmaceuticals in the region. Bio pharmaceutical industry is the key end-user of the market as it invests more in research and development than any other sectors. The industry of high R&D expenditure further focuses on the United States which helps in generating highest revenue through development of innovative bio pharmaceuticals. Increasing adaptation of bio pharmaceuticals for the treatment of various diseases for better therapeutic effect further drives the growth of serum free media market.
Europe is the second most lucrative region in serum free media market thanks to high number of bio pharmaceutical manufacturing companies within the region. Rising spending on clinical trials and academic research using serum free media further expected to strengthen the serum free media market growth. Asia-Pacific serum free media market remains the fastest growing market because of emerging economies like China and India including increasing number of CMOs (contract manufacturing organizations) within the region.
Serum free media (SFM) allows researchers to grow a selected cell type or perform a selected application within the absence of serum. Advantages of using serum free media include a more consistent performance, increased growth and productivity, better control over physiological responsiveness, and to reduce risk of contamination by serum-borne adventitious agents in cell culture.
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Based on media type, the industry can be divided as follows:
The end-uses of the industry can be categorised as follows:
The regional markets can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The global serum free media industry will show an upward growth trajectory owing to rise in the number of infections, increase in incidences of chronic diseases, and growth in the geriatric population. It is also worth observing here that a large number of people in the United States suffer from various chronic diseases. The growth of the healthcare sectors in the regions is also significantly contributing to the growth of the industry. All this is often resulting in a rise in demand for immunotherapy, aiding within the growth of serum free media market.
The report gives a detailed analysis of the following key players in the global serum free media market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Media Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global serum free media market is projected to grow at a CAGR of 10% between 2025 and 2034.
The major market drivers include growing geriatric population, the robust growth of the healthcare sector, the surging demand for immunotherapy, and the increasing investments in clinical trials and academic research.
The key trends guiding the market include increase in infectious and chronic diseases and surging number of CMOs.
The major regions in the market are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
The major media types in the market are protein expression media, stem cell media, hybridoma media, primary cell media, insect cell media, immunology media, CHO cell culture, and chemically defined, among others.
The various end uses of serum free media are biopharmaceutical companies, clinical research organisations, and academic research centres, among others.
The major market players include Lonza Group Ltd., Corning Incorporated, Nippon Genetics Co. Ltd., and MP Biomedicals LLC, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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