Bovine Plasma Market, by Grade (Technical and Standard), by Origin (U.S., Australia, New Zealand, and Others (Brazil, Mexico, etc.)), by Application (Cell Culture Media, Vaccine Production, Drug Discovery, and Others (Forensic Studies, in vitro diagnostics, etc.)), by End User (Biopharmaceutical Industry, Academic & Research Institutes, and Others (Diagnostic Laboratories, Forensic Laboratories, etc.)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Bovine plasma is extracted from animals belonging to the family Bovidae. This family includes not only cows but goats, sheep, bison and buffalo. Bovine plasma is the liquid component of the whole blood, which is free of cells and cellular debris. It is yellow in color due to presence of bilirubin. It is generally collected from the commercial slaughterhouse from cattle. It has wide range of applications in vaccine production, manufacturing of cell culture media, drug discovery and forensic studies. Bovine blood plasma derivatives are products containing proteins that are obtained from the blood plasma of bovine animals using physico-chemical or other fractionation processes.
Bovine blood plasma include, Factor VIII and IX Concentrate, Anti-Inhibitor Coagulation Complex (AICC), Albumin, immunoglobulins, including Rh Immune Globulin, Anti-Thrombin III Concentrate, and Alpha 1-Proteinase Inhibitor Concentrate. Plasma derivatives are used for protein structure analysis, sequence analysis, and biochemical research. Bovine blood plasma derivatives such as plant-extractable proteins and other artificial nutrient components are exceptional One of the most often used commercially accessible bovine derived protein fractions is bovine immunoglobulin G (IgG).
Market Dynamics
Increasing adoption of inorganic strategies by key players in market such as acquisitions is expected to drive the market growth over the forecast period. For instance, on April 3, 2022 ANZCO Foods, a New Zealand-based manufacturer and supplier of animal serum, proteins and plasma, owned by a Japan-based company Itoham Foods, extended its healthcare capacity with acquisition of a biotech company Moregate Biotech. Moregate biotech is a biotech company that supplies animal by products such as animal sera, protein, and plasma.
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