-- The microcarriers market is projected to reach USD 1.61 billion by 2023 from USD 1.20 billion in 2018, at a CAGR of 6.0%. Growth in this market is driven by the rising demand for cell-based vaccines, technological advancements, and the availability of public and private funding for cell-based research.
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Microcarrier technology combines necessary surface area, on which cells grow as a monolayer, with the benefits of a homogeneous suspension culture. From point of view of cell production process, the combination of these features presents following advantages. Cell culture techniques are also important for production of many important biological materials such as vaccines, enzymes, hormones, antibodies, interferons and nucleic acids.
Target Audience
• Pharmaceutical and biopharmaceutical companies
• Manufacturers of culture equipment and media
• Manufacturers of microcarrier beads
• Contract research organizations
• Life science research institutes
• Venture capitalists
• Research and consulting firms
The major players in the microcarriers market include Thermo Fisher Scientific (US), Merck KGaA (Germany), GE Healthcare (US), Danaher Corporation (US), Corning Incorporated (US), Lonza (Switzerland), Becton, Dickinson and Company (US), Eppendorf AG (Germany), HiMedia Laboratories (India), and Sartorius AG (Germany).
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The report analyzes the microcarriers market and aims at estimating the market size and future growth potential of this market based on various segments such as product, application, and end user. The report also includes competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies. This report provides market information on regional markets.
Break of primary participants was as mentioned below:
• By Company Type – Tier 1–38%, Tier 2–43% and Tier 3–19%
• By Designation – C-level–26%, Director Level–45%, Others–29%
• By Region – North America–41%, Europe–25%, Asia Pacific–20%, RoW–14%
Microcarrier market is segmented into vaccine manufacturing, cell therapy, and other applications. The vaccine manufacturing segment accounted for the largest share of the market, by application, in 2017. The large share of this segment can be attributed to the high and growing demand for cell-based vaccines.
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The microcarrier market in this report is segmented by product, application, end user, and region. Based on product, the market is segmented into equipment and consumables. In 2017, the consumables segment accounted for the largest share of the market owing to the continuous consumption of various media and reagents for different culture processes and applications.
Objectives of the Study
• To define, describe, and forecast the global microcarriers market on the basis of product, application, end user, and region
• To provide detailed information about factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To forecast the size of the market segments in North America, Europe, Asia Pacific, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
• To track and analyze competitive developments such as acquisitions; product launches; expansions; agreements, partnerships, and collaborations; and R&D activities in the market
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Release ID: 377417
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