Overview:
The Global Microcarrier Market is anticipated to hold a market value of USD 1.18 billion with an estimated CAGR of 5.9% during the forecast period. A microcarrier is a support matrix allowing the growth of adherent cells. The microcarrier system provides high cell yields without having to resort to bulky equipment and tedious methodology. The rise in the use of microcarrier technology for various cell-based applications, coupled with the advantages of the microcarrier system such as its support for high yield of cells, facilitation of polarization and differentiation of cells, and lower risk of contamination are expected to drive the growth of the market during the forecast period. Moreover, the rapid growth of the biologics industry also fuels the growth of this market. On the other hand, strict regulatory framework, and limitation in production of high-density cell culture may hinder the growth of the market during the forecast period.
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The global microcarrier market is currently dominated by many market players. These players are engaged in new product launches and strategic collaborations to strengthen its market position. For instance, in March 2018, Danaher announced that it has entered into a definitive agreement to acquire Integrated DNA Technologies, a privately-held provider of high-value consumables for genomics applications in next generation sequencing, synthetic biology, molecular biology, gene editing and molecular diagnostics.
Segmentation:
The global microcarriers market can be assessed on the findings of segments like product type, application, and end-user. MRFR’s report provides a detailed glimpse into the market that can be shared to make a better assessment of the market.
By type, the market for microcarriers can be segmented into equipment, and consumables. The market, considering equipment, includes filtration systems, cell counters, bioreactors, culture vessels, and other equipment. The market, considering consumables, includes reagents, media, and microcarrier beads. The market, regarding media, includes serum-free media, serum-based media, and other media. The market, upon considering microcarrier beads reveals protein-coated microcarriers, collagen-coated microcarriers, cationic microcarriers, and other microcarrier beads.
By application, the market for microcarriers includes biologics manufacturing, cell therapy, vaccine manufacturing, and other applications.
By end-user, the market for microcarriers can be segmented into research institutes, pharmaceutical & biotechnology companies, and contract research organizations. The pharmaceutical & biotechnology companies segment has the potential to beat its peers and top the market in terms of revenue generation. The research institutes segment can be the fastest growing one due to increasing influx of various investment fund.
Regional Analysis:
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 a 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.
Competitive Landscape:
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.
In August 2019, Nucleus Biologics, a market leader in the field of precision cell culture, made an acquisition of Primorigen Biosciences, Inc. The former company is expected to show substantial development in microcarriers after this acquisition.
Key Players
Some of the key players in the global microcarrier market are Thermo Fisher Scientific Inc., Lonza, GENERAL ELECTRIC COMPANY, Corning Incorporated, Sartorius AG, Danaher, Merck KGaA, Becton, Dickinson and Company, Eppendorf AG and HiMedia Laboratories.
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
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