Serum Industry to Witness 10.8% Growth, Reaching $2.37 Billion by 2029

 


The serum market size has grown rapidly in recent years. It will grow from $1.42 billion in 2024 to $1.57 billion in 2025 at a compound annual growth rate (CAGR) of 10.7%.  The growth in the historic period can be attributed to medical diagnostics, clinical research, drug development and testing, disease monitoring, therapeutic applications.

The serum market size is expected to see rapid growth in the next few years. It will grow to $2.37 billion in 2029 at a compound annual growth rate (CAGR) of 10.8%.  The growth in the forecast period can be attributed to precision medicine advances, rise in personalized healthcare, expanded applications in oncology, global health initiatives, increasing geriatric population. Major trends in the forecast period include adoption of customizable serum solutions, use of fermented ingredients for skin health, introduction of CBD-infused serums, application of niche ingredients such as retinol alternatives, emphasis on inclusive beauty and diverse formulations.

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Which industry factors have accelerated the serum market’s expansion?
The rise in awareness about age-related skin issues is expected to propel the growth of the serum market going forward. Age-related skin issues refer to skin conditions common among aging people, such as wrinkles, facial movement lines and others. Serum treats age-related skin conditions like dullness, hyperpigmentation, dehydration, wrinkles, and loss of firmness as well as evens out skin tone, lightens it, reduces visible flaws, and leaves skin nourished. For instance, in July 2022, according to the Melanoma UK, a UK-based patient support and advocacy group, by 2025, it is projected that the number of melanoma skin cancer cases will increase by 9%, reaching a total of 19,513. Additionally, deaths from the disease are expected to rise by 13%, amounting to 3,119 fatalities. By 2040, nearly 22,886 individuals are anticipated to be diagnosed with melanoma skin cancer. Therefore, a rise in awareness about age-related skin issues is driving the growth of the serum market.

What are the primary segments of the serum market?
The serum market covered in this report is segmented –
1) By Type: Bovine Serum, Fetal bovine serum (FBS), Other Types
2) By Inactivation Technique: Heat Inactivated, Non-Heat Inactivated
3) By Application: Biological Products, Research, Cell Culture, Biopharmaceutical Drugs, Vaccine Products, Diagnostic Products, Other Applications

Subsegments:
1) By Bovine Serum: Raw Bovine Serum, Processed Bovine Serum, Fetal Bovine Serum (FBS)
2) By Fetal Bovine Serum (FBS): FBS (Heat-Inactivated), FBS (Non-Heat-Inactivated)
3) By Other Types: Equine Serum, Porcine Serum, Human Serum

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Which firms are leading the serum market?
Major companies operating in the serum market include  Merck Group, Thermo Fisher Scientific Inc., Danaher Corp, Corning Incorporated, Sartorius AG, Bio-Techne Corporation, Takara Bio Inc., Atlas Biologicals Inc., Proliant Health & Biologicals, Seracare Life Sciences Inc., Lampire Biological Labs Inc., Altogen Labs, Innovative Research Inc., Lee Biosolutions Inc., Bovogen Biologicals Pty. Ltd., Caisson Labs Inc., Gemini BioProducts Holding Inc., Valley Biomedical Products & Services Inc., Equitech-Bio Inc., Rocky Mountain Biologicals, PAN-Biotech GmbH, BIOWEST SAS, Moregate Biotech, Tissue Culture Biologicals, Kerafast Inc., Access Biologicals LLC, Animal Technologies Inc., Cell Applications Inc., Cell Sciences Inc.

Which market trends are set to define the future of the serum market?
Product innovation is the key trend gaining popularity in the serum market. Major companies operating in the serum market are focusing on developing innovative serum formulations for more skincare and beauty applications as well as to gain a competitive edge in the market. For instance, in March 2022, Galderma, a Switzerland-based pharmaceutical company specializing in dermatological treatments and skin care products, launched HA Immerse Serum, a new product addition to its ALASTIN Skincare lineup. HA Immerse Serum is intended to hydrate the skin at the surface while assisting in enhancing the skin's innate capacity to produce hyaluronic acid deep within, resulting in fuller, more youthful-looking skin over time. In order to provide long-term skin plumping, anti-aging, and hydration effects, ALASTIN's patented Octapeptide-45 aids the skin's capacity to naturally boost its own high molecular hyaluronic acid production deep inside the skin.

Which geographic trends are shaping the serum market, and which region has the highest market share?
The countries covered in the serum market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Does The Serum Market Report 2025 Offer?
The serum market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

Serum refers to the clear and liquid portion of blood that remains after blood cells and clotting proteins have been eliminated. It is used as a supplement to the basal growth medium in cell culture applications.

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