The Australian fetal bovine serum (FBS) market involves the complete process of producing, processing, and distributing serum extracted from bovine blood, as it serves as an essential nutrient for cell culture media. FBS contains vital growth factors, hormones, proteins, and essential nutrients that support both cell growth and upkeep. The applications of this technology extend to vaccine production and to biopharmaceutical manufacturing, to stem cell research and to regenerative medicine, to in vitro diagnostics, and academic investigations which occur in biotechnology and life sciences research facilities.