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Global Equine Serum Market by Current Industry Status, Growth Opportunities, Top Key Players, and Forecast for 2021-2029 - A Report by Absolute Markets Insights

Published On 14 Jul 2021 11:32 AM


Eequine serum, also known as horse serum, is defined as a nutrient-rich fluid that is derived from the blood of controlled donor horse herds. However, this serum does not contain red blood cells or any other clotting components that the blood of horse (or any living creature) contains. Equine serum is used for manufacturing many medicines as well as vaccines. The demand for equine serum being generated from veterinary doctors as well as doctors providing medical treatment to humans showcase substantial growth opportunities for global equine serum market in the future years. However, series of concerns pertaining to the allergic reactions that can be caused by equine serum is restricting the market growth. Due to a high-rate of allergic reactions in humans, many manufacturers often avoid using equine serum. This allergy is often called “serum sickness.” However, some manufacturers are still using equine serum for manufacturing anti-venoms.

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Regarding investment on equine serum for manufacturing vaccine against COVID-19, Indian Council of Medical Research (ICMR) has invited bids from pharmaceutical manufacturers. ICMR is planning to grant a non-exclusive license to the manufacturer who wins the bid, a royalty of 5% on sales of equine serum to use and practice the licensed technology to manufacture, sell and commercialize this product. The serum is being used for manufacturing many animal vaccines and human vaccines. In Argentina, the use of medicines made from equine serum is proving to be effective in COVID treatment. The members of ICMR are discussing plans to approve the use of equine serum in India. In India, preliminary studies on equine serum indicated that it was capable of producing the required antibodies that could fight the SARS-CoV-2 virus (coronavirus) infection. Equine serum also contains antibodies that can be used for the treatment of snakebite. Plans to use equine serum as an alternative to convalescent plasma are being discussed in the Union Health Ministry of India. Hence, intensified investments towards production of human vaccines for COVID-19 showcases huge opportunity for the global equine serum market.

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Key Findings of the Report:

  • The equine serum market was valued at US$ 38.33 Mn in 2020 and is anticipated to reach US$ 63.65 Mn by 2029 growing at a CAGR of 5.8% during the forecast period (2021-2029).
  • The heat inactivated category in the global equine serum market held the larger market share in 2020. Donor horse serum (DHS), is derived from healthy, live animals whose age is more than 12 months. In combination with bovine sera, DHS is frequently used for mammalian cell culture. Sometimes, it is also used independently. Kept in carefully managed and strictly segregated herds, the donor animals receive regular veterinary inspection and care.
  • In 2020, diagnostic assay segment occupied the largest market share. Equine serum used for diagnostic assay is prepared from the blood collected from a controlled herd of young horses. The scientific name for this serum is Serum amyloid A (SAA). Before preparing this serum, each horse is routinely screened for Equine Infectious Anemia (EIA). As a supplement in mycoplasma growth and assay media, DHS is also suitable for use in diagnostic assays. It is also useful for culturing hematopoietic stem cells as well as neuronal cells. Containing more immunoglobulins than fetal bovine serum (FBS), horse serum has higher protein content. This makes it a cost-effective alternative to FBS.
  • In 2020, North America was the biggest regional market in the global equine serum market due to availability of advanced medical facilities and proper infrastructure to carry out research. Maximum number of COVID-19 patients in the world were in USA. Presence of key market players, technological advancement supporting medical research, and availability of advanced medical equipment are influencing the region’s growth in the global equine serum market.
  • Some of the major players operating in the global equine serum market are Abcam PLC, Biochemed Services, Biologos, Capricorn Scientific GmbH, Jackson ImmunoResearch Inc., Merck KGaA, MP BIOMEDICALS, Rocky Mountain Biologicals, TCS Biosciences Ltd., and Thermo Fisher Scientific Inc. amongst others.

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Global Equine Serum Market:

  • By Formulation Type
    • Heat Inactivated
    • Non Heat Inactivated
    • Customized Formulations
    • Others
  • By Application
    • Diagnostic Assay
    • Vaccine Production for Humans and Animals
    • Supplement in Bacteriological Media
    • Others
  • By Packaging Size
    • 100 ml
    • 500 ml
    • 1000 ml
    • Custom Packaging
    • Others
  •  By End Users
    • Research Institutions
    • Pharmaceutical Manufacturing Companies
  • By Distribution Channel
    • Online
    • Offline
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • France
      • The UK
      • Spain
      • Germany
      • Italy
      • Nordic Countries
        • Denmark
        • Finland
        • Iceland
        • Sweden
        • Norway
      • Benelux Union
        • Belgium
        • The Netherlands
        • Luxembourg
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • New Zealand
      • Australia
      • South Korea
      • Southeast Asia
        • Indonesia
        • Thailand
        • Malaysia
        • Singapore
        • Rest of Southeast Asia
      • Rest of Asia Pacific
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Egypt
      • Kuwait
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America

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Press Release Provided By: Absolute Markets Insights