The latest report on Microcarrier Market (by product (equipment, and consumables), application (vaccine manufacturing, cell therapy, biologics manufacturing, and others), end-user (CRO & research institutes, and pharmaceutical and biotechnology companies)) provides complete and deep insights into the market dynamics and growth of microcarrier industry. The latest information on market risks, industry chain structure microcarrier cost structure, and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential microcarrier growth factors. According to the report, the global microcarrier market is projected to grow at a CAGR of 5.8% over the forecast period of 2018-2024.
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Microcarrier is a support matrix that facilities the growth of adherent cells in a bioreactor. The microcarrier technology plays a major role in the vaccines industry to precisely control cell growth conditions in sophisticated, computer-controlled bioreactors. Microcarrier is frequently used to increase protein-producing or virus-generating adherent cells in the large-scale commercial production of vaccines and biologics. Several types of microcarrier are available commercially which includes dextran-based, alginate-based, collagen-based, and polystyrene-based microcarrier.
Growing Demand for Stem Cell Therapy Owing to the Rising Incidences of Cancer Primarily Drives the Growth of Microcarrier Market
The growing demand for stem cell therapy owing to the rising incidences of cancer primarily drives the growth of the microcarrier market. Microcarriers enable more cost-effective cell production for stem cell therapies by reducing the fixed costs and variable costs in large-scale manufacturing. Low risk of contamination and high cell yields are some advantages offered by microcarrier. Moreover, the growing demand for cell-based vaccines and therapies across the globe is boosting the demand of the microcarrier market.
Going further, the animal cell culture is constantly being developed to increase unit productivity and decrease production costs of animal cell products. Due to its numerous characteristics, the microcarrier is significantly used in animal cell products. Additionally, increasing availability of funding for cell-based research and cell-based vaccines coupled with the wide application of microcarrier in biopharmaceutical and research institutes are supporting factors fuelling the demand of the microcarrier market. On the other hand, high cost related to microcarrier therapies could hamper the growth of the market. Going further, technological advancement and significant innovations made in microcarriers are increasing growth opportunities for the market in an upcoming year.
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North America Region Dominated the Largest Market Share in Microcarrier Market
Among the geography, the North America region dominated the largest market share in the microcarrier market. Due to government research facilities, an increase in incidences of cancer and strategic expansion of the biopharmaceutical and biotechnology industry are primary factors escalating the demand of the microcarrier market in the North America region. Europe was the second-largest region for the microcarrier market and is expected to show substantial growth during the forecast period. The major factors such as the growing number of capital investment for cell-based research and a wide range of microcarrier applications in biomanufacturing of biotechnology products promote the growth of the market in Europe.
Germany, France, and the U.K. are expected to be the largest market shareholders in the micro-carrier market. The Asia Pacific is anticipated to witness significant growth during the forecast period. In the Asia Pacific region, China and India offer lucrative growth opportunities in upcoming years. An increase in the growth of the pharmaceutical industry in this region and growing initiative for cell-based research activities are likely to increase the demand of the microcarrier market in the Asia Pacific region. The Middle East and Africa are projected to have sluggish pace due to lack of product awareness in this region.
Segments in the Microcarrier Market
The report on the global microcarrier market covers segments such as product, application, and end-user. On the basis of product, the sub-markets include equipment and consumables. On the basis of application, the sub-markets include vaccine manufacturing, cell therapy, biologics manufacturing, and others. On the basis of end-user, the sub-markets include CRO & research institutes, and pharmaceutical and biotechnology companies.
Key Players in the Microcarrier Market
The report provides profiles of the companies in the microcarrier market such as Thermo Fisher Scientific, Danaher, Corning Incorporated, Merck KGaA, GE Healthcare, Becton, Dickinson and Company, Lonza, Eppendorf AG, Sartorius AG, and HiMedia Laboratories.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the microcarrier.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.