Global microcarrier market size is expected to reach USD 2.9 billion by 2028 and register a CAGR of 10.5% over the forecast period, according to the latest report by Reports and Data.
Market revenue growth is driven by key factors such as increasing R&D expenditure by pharmaceutical and biotechnology companies and rapid developments across cell therapy industry.
Increasing demand for stem cell therapy coupled with rising prevalence of cancer across the globe is projected to drive microcarrier market growth. One of the leading drivers for microcarrier market growth is rising prevalence of diseases where cell therapy can be effectively applied. WHO estimates that the global burden of cancer is predicted to rise to 27.5 million new cases and 16.3 million deaths by 2040. Increasing funding for the biopharmaceutical industry and technological advancements in microcarrier development have also contributed to growth of the market. For instance, researchers from the Singapore-MIT Alliance for Science and Technology (SMART), have developed a novel microcarrier for large-scale cell production and expansion that provides higher yield and cost-effectiveness than conventional methods while reducing the number of steps needed in the cell retrieval process.
The newly developed dissolvable gelatin-based microcarrier from SMART has shown to be effective for cell expansion in the treatment of a variety of ailments including bone and cartilage defects as well as body's rejection of foreign bone marrow and cells (called graft vs. host disease). In addition, the microcarriers' dissolvability removes the need for a second separation stage to remove the cells from microcarrier. This simplifies cell manufacturing while also improving the ease with which therapeutic cells can be processed for use in patient products. The growing demand for cell therapies will propel the microcarrier market forward.
Various academic institutes and small-scale companies with limited budgets cannot afford to conduct cell biology research as it involves extensive R&D, which demands highest quality of equipment, media, reagents, and other products. Microcarriers are mainly used in stem cell biology, which is a factor expected to restrain market growth. Moreover, the need to comply with strict guidelines by regulatory bodies has driven up the cost of cell biology, thus creating additional challenges for the microcarriers market.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Thermo Fisher Scientific, Corning, Merck, Sartorius, Danaher Corporation, Becton, Dickinson And Company, Eppendorf Ag, Lonza Group, Getinge Ab, Chemometec, Cesco Bioengineering, Himedia Laboratories, Esco Vaccixcell, Stemcell Technologies, Solida Biotech, Stobbe Pharma, Distek, Celltainer Biotech, G&G Technologies, and Tantti.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Microcarrier market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Microcarrier industry, the market is segmented into:
Product Outlook (Revenue, USD Billion, 2018–2028)
- Consumables
- Media
- Sera/Serum-based Media
- Serum-free Media
- Other Media
- Reagents
- Microcarriers
- Collagen-coated Microcarriers
- Cationic Microcarriers
- Protein-coated Microcarriers
- Untreated Microcarriers
- Other Microcarriers
- Equipment
- Bioreactors
- Single-use Bioreactors
- Stainless-steel Bioreactors
- Culture Vessels
- Filtration and Separation Equipment
- Cell Counters
- Other Equipment
Application Outlook (Revenue, USD Billion, 2018–2028)
- Biopharmaceutical Production
- Vaccine Production
- Therapeutic Protein Production
- Cell and Gene Therapy
- Tissue Engineering and Regenerative Medicine
- Other Applications
End Use Outlook (Revenue, USD Billion, 2018–2028)
- Pharmaceutical & Biotechnology Companies
- Contract Research Organizations & Contract Manufacturing Organizations
- Academic and Research Institutes
- Cell Banks
The regional analysis covers:
- North America
- US.
- Canada
- Mexico
- Europe
- Germany
- UK.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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Benefits of Microcarrier Market Report:
- Panoramic overview of the opportunities and risks in the Microcarrier sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Microcarrier industry
- In-depth assessment of the competitive landscape of the key players of the Microcarrier industry
- Analysis of the Microcarrier market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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