Top Trends in Microcarriers Market 2019 – 2023 by Growth Factors and Industry Players Overview

Market-Research

Microcarriers are sterile, ready-to-use systems which are used with bioreactors to expedite cell attachment and cell production methods. The Global Microcarriers Market Size is expected to reach a market valuation of USD 1.18 Bn at a CAGR of 5.9% over the forecast period of 2018-2023, projects Market Research Future (MRFR) in an in-depth study.

Growing demand for cell-based vaccine is a key factor enhancing the growth of the global microcarriers market. Cell culture techniques have gained widespread acceptance in the study of cell function, cell differentiation, and cell structure are vital tools in the production of biological materials such as vaccines, hormones, interferons, enzymes, antibodies, and nucleic acids. Microcarrier technology is extensively leveraged by research institutes and life science companies for various cell-based applications.

Microcarriers allow for convenient surface for the growth of adherent cells and facilitate increasing the yield of cells products. They are also applied to isolation of cells, studies on differentiation and cell function, harvesting mitotic cells, membrane studies and others. Advances in media formulation, improvement in processing technologies, and progress in cell characterization techniques have helped the global microcarriers market move ahead. Moreover, technological advancements in microcarriers has resulted in increased productivity which ultimately leads to decreased cost which is fostering the growth of the global microcarriers market.

Growing popularity of cell harvesting in drug development and stem cell therapy is expected to induce high demand within the microcarriers market. Availability of funds for R&D purveyed by funding from both public and private sector are other factors contributing to the growth of the market. However, stringent regulatory norms and restrictions on the production of high-density cell culture is likely to impede the growth of the global microcarriers market.

Key Players for Global Microcarriers Market

Companies that have been included in the global market for microcarriers are GENERAL ELECTRIC COMPANY, Thermo Fisher Scientific Inc., Sartorius AG, Corning Incorporated, Becton, Dickinson and Company, Danaher, Merck KGaA, HiMedia Laboratories, Eppendorf AG, Lonza, and others. MRFR enlisted these companies in their latest report and profiled them for a better analytical approach to the market.

Segments for Global Microcarriers Market

The global microcarriers market has been segmented based on product type, application, a nd end user.

By product type, the global; Microcarriers Market has been segmented into equipment, and consumables. the equipment segment has been further segmented into bioreactors, culture vessels, cell counters, filtration systems, and other equipment.

Browse More Information:- https://www.marketresearchfuture.com/reports/microcarriers-market-6911

The consumables segment has been further segmented into media, reagents, and microcarrier beads. The media sub-segment has been further segmented into serum-based media, serum-free media, and other media. The microcarrier beads sub-segment has been further segmented into cationic microcarriers, collagen-coated microcarriers, protein-coated microcarriers, and other microcarrier beads.

By application, the global microcarriers market has been segmented into vaccine manufacturing, cell therapy, biologics manufacturing, and other applications.

By end user, the global microcarriers market has been segmented into pharmaceutical and biotechnology companies, research institutes, and contract research organizations. The pharmaceutical and biotechnology companies’ segment is leading the market. heightened use of single-use technologies in vaccine production and expanding application area of microcarriers in the pharmaceutical and biotechnology companies can be credited for the growth of the market. The research institutes segment is expected to be the fastest growing segment due to increased life-threatening diseases R&D activities.

Regional Analysis for Global Microcarriers Market

The Americas is topping the chart as the research scope is better than other regions due to its superior infrastructure and favorable reimbursement scenarios. The regional market can be segmented into North America and South America of which the North is expected to fetch in considerable revenue due to better performance from countries like the US and Canada.

Europe’s market is expecting similar growth curve as several of these countries are showing immense possibilities in taking the regional market ahead. The regional market is banking on France, the UK, Spain, Germany, and others. This growth finds better traction from hike in research funds where a lot of funds are coming from various biopharmaceutical companies.

The Asia-Pacific region is all set to chart the course with the fastest CAGR during the forecast period. The regional market is relying on high number of patient population and growing demand for cell-based vaccines.

The Middle East and Africa (MEA) can make significant progress due to growing investment in the Middle Eastern countries like Dubai, Israel, and others.