Global Microcarrier Market Analysis
Global microcarrier market will reach US$ 1.91 billion in 2022 to US$ 4. 07 billion by 2032, with a compound annual growth rate of 8.87% from 2024 to 2032. Some of the factors which are driving the growth of this market are; cell culture technique improvements, growth in demand for cell culture derived vaccines, and rising investment being made in the biopharmaceuticals industry.
Microcarrier outlooks
Microcarriers are small, bead or particle like structures onto which cells of importance for tissue adhesion and growth in bioreactors are firmly attached. These particles usually consist of dextran, glass, or polystyrene which foster cell growth in a micro-environment. In connection with the utility of microcarriers for cell cultures, it should be noted that these structures are used more and more actively in the biotechnological and pharmaceutical industries because they increase the productivity and efficiency of cell cultures.
Some of the uses of microcarriers include preparing vaccines where the need to support large cell growth that is required for viral replication is felt. Biologics such as, monoclonal antibodies and therapeutic proteins are also produced with their help. In regenerative medicine, seeding and culture of cells on microcarriers is essential for the expansion of stem cells and other cell types used in tissue engineering or cell therapy. Their application in the areas of operation promotes mass production of cells that is vital in the advancement of health and Biotechnology.
Driving Forces for the Microcarrier Market
Advancements in Cell Culture Technology
Constant evolutions in cell culture technology have also greatly boosted the growth of the microcarrier market. New approaches to the bioreactors’ design, the culture media, and modifications of the microcarrier surface improve the cell cultures in terms of efficiency and reproducibility. Such advances in technology help to improve the cell attachment, growth and rates of proliferation thus boosting production. Moreover, there is progress in automation and those systems that control the process of cell culture, which makes the functioning of facilities more efficient, cuts the personnel expenses, and eliminates mistakes. These developments enhance the productivity and quality of cell-based products and facilitate scaling of cell culture, driving increased need for microcarriers in applications, such as in vaccines and biotherapeutic manufacturing and in regenerative medicine.
Increasing Demand for Cell-Based Vaccines
Increasing trends of infectious diseases and the requirement of cell-based vaccines, in turn, necessitating microcarrier growth, and stimulating the growth of the microcarrier market. Compared to the egg-based vaccine production methods, Production using cells eliminate the constraints that come with outbreaks for instance by being faster and more flexible. Microcarriers enables cultivation of adherent cells needed for virus production hence necessary in vaccines production. The readiness for production increasing as response to the new emerging infectious diseases’ strains is a very strong benefit therefore microcarriers become the key components of the modern vaccine production. Cultivated vaccines tend to refer higher yields and better uniformity, thus boosting the use of cell-based vaccines and, consequently, the market demand.
Expanding Applications in Regenerative Medicine and Cell Therapy
The microcarrier market is fueled by the emergent new industries of regenerative medicine and cell therapy. These medical disciplines require a vast number of stem cells and other adherent cell types for treatments that can restore or replace the lost or damaged tissues as well as cure several diseases. Microcarriers are suitable for the growth and differentiation of these cells and thus suitable for clinical advances. The applicative growth of clinical trials and registration approvals of cell-based therapies also contributes significantly to the call for efficient and affordable cell culturing. Thus, as the regenerative medicine and cell therapy expand and move to the regular application, the specifically organized microcarriers can provide the base for the high-quality and high-volume cell generation.
Rising Investments in Biopharmaceutical Research and Development
Lifesciences and more specifically, escalating research and development in processes of Biopharmaceutical R & D is contributing tremendously to the enhanced growth of the microcarrier. In this regard, marketing growth is stimulated by biopharmaceutical companies that are always in search of new solutions to improve production. The constant emphasis on new and technologically progressive biotherapeutics &, better manufacturing processes ensure the continuous demand for microcarriers, thus paving the market’s way.
Asia Pacific Microcarrier Market
Currently, the Asia Pacific microcarrier market is on the right Track due to the following reasons. Another factor that contributes to the growth in demand for microcarriers is the growth of the area’s biopharmaceutical sector as well as a higher interest in investment in biotech and life sciences research. Areas such as China, Indian, and Japan specifically leading the pack due to the solid backing from their governments, and bullish policies in place for promoting the growth in biomanufacturing. Also, higher incidences of chronic diseases and the desire for better treatment types such as cell-based vaccines, regenerative medicine act as another factor that boosts the growth of the global biological market. The accessibility of a robust workforce, economical manufacturing processes, and the setting up of several biotech centers also help to increase a rate of growth of the microcarrier market in the Asia Pacific region.
Microcarrier Company Analysis
The microcarrier industry leader are Thermo Fisher Scientific, Eppendorf AG, Danaher Corporation, Sartorius AG, Bio-Rad Laboratories, Inc, Corning Inc, Lonza Group, Getinge and Becton, Dickinson and Company. These companies are generally recognized as specialists in the manufacturing of excellent microcarriers for use in cell culturing.
Product- Market breakup in 2 viewpoints:
Consumables
1. Microcarrier Beads
2. Media & Reagents
Equipment
Application- Market breakup in 3 viewpoints:
1. Cell Therapy
2. Vaccine Manufacturing
3. Others
End User- Market breakup in 3 viewpoints:
1. Pharmaceutical & Biotechnology Companies
2. Contract Research Organizations & Contract Manufacturing Organizations
3. Academic & Research Institutes
Country - Market breakup of 25 Countries:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherland
- Turkey
Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Malaysia
- Indonesia
- Australia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Rest of the world
All the key players have been covered from 4 Viewpoints:
- Business Overview
- Product Portfolio
- Recent Development & Strategies
- Revenue Analysis
Key Players Analysis:
1. Thermo Fisher Scientific
2. Merck KGaA
3. Eppendorf AG
4. Danaher Corporation
5. Sartorius AG
6. Bio-Rad Laboratories, Inc.
7. Corning Inc.
8. Lonza Group
9. Getinge
10. Becton, Dickinson and Company
Table of Contents
Companies Mentioned
- Thermo Fisher Scientific
- Merck KGaA
- Eppendorf AG
- Danaher Corporation
- Sartorius AG
- Bio-Rad Laboratories, Inc.
- Corning Inc.
- Lonza Group
- Getinge
- Becton, Dickinson and Company
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | July 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.89 Billion |
| Forecasted Market Value ( USD | $ 4.07 Billion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
