Microcarrier Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3805
Microcarrier Market size is expected to grow significantly from 2019 to 2025.
Increasing demand for stem cell therapy coupled with rising incidences of cancer globally accelerates the microcarrier market growth. Microcarrier enables cost-effective cell production for several stem cell therapies in large scale manufacturing. Moreover, growing demand and adoption for cell-based therapies and vaccines should foster the microcarrier industry growth. Rising demand for detection of various other diseases such as cancer and other hereditary diseases boosts the business growth. Also, focus of manufacturers on developing innovative techniques for stem cell therapy further fosters the overall industry growth.
Favorable funding along with increasing R&D activities for cell therapy research will propel the microcarrier market growth. Various initiatives undertaken by government for better patient care with secured healthcare infrastructure is projected to drive the demand for microcarrier. Furthermore, aim of manufacturers on the development of several cell therapies for effective treatment as well as different initiatives and programs among population should foster business growth. However, high cost associated with cell-based therapies and biologics may hamper the microcarrier industry growth over the analysis timeframe.
Equipment segment is anticipated to witness robust growth during the analysis timeline. Equipment are extensively used for the large-scale production along with bioreactors for the optimal growth of adherent cells on microcarrier. Moreover, with increasing technological advancements bioreactors are now able to perform small- and large-scale production thereby augmenting segmental growth.
Vaccine manufacturing segment will grow considerably during the forecast period owing to increasing prevalence of diseases over coming years. Numerous pharmaceutical companies use other sources of mammalian cultures for different vaccine manufacturing process to treat various other diseases. Above-mentioned factors proves beneficial for the segmental growth.
Research institutes segment will witness considerable growth during the analysis timeframe. Microcarrier are widely used in such institutes to manage patient health more accurately with available therapies. Continuous innovation and development in microcarriers for introducing a variety for efficient patient management accelerates the segmental growth.
North America microcarrier industry will account for lucrative revenue share by 2025 owing to increasing cell therapy research in this region. The American Society of Gene and Cell Therapy is accountable for the funding of the research thereby augmenting regional growth. Additionally, such society’s force different biotech and pharmaceutical companies to improve their R&D activities.
Prominent market players working in microcarrier market share include Becton, Dickinson and Company, Lonza, Thermo Fisher Scientific, HiMedia Laboratories, Merck, GE Healthcare, Danaher Corporation, Sartorius, Corning Incorporated, and Eppendorf. Foremost industry players functional in this business adopt numerous in-organic strategies to compete in the market over other players should boost the business growth.
Microcarrier Market By Product, 2014-2025 (USD Million)
Microcarrier Market By Application, 2014-2025 (USD Million)
- Cell therapy
- Vaccine manufacturing
- Biologics manufacturing
Microcarrier Market By End-use, 2014-2025 (USD Million)
- Biotechnology and pharmaceutical companies
- Research institutes
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Becton, Dickinson and Company
- Corning Incorporated
- Danaher Corporation
- Eppendorf AG
- GE Healthcare
- HiMedia Laboratories
- Merck KGaA
- Sartorius AG
- Thermo Fisher Scientific
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