Overview:
The global microcarriers market
is showing positive signs of surpassing a valuation of USD 1.18 Billion
with a moderately strong CAGR of 5.9% that can be taken into
consideration for a forecast period defining the market from 2018 to
2023. The report published by Market Research Future (MRFR) claims
better market potential as several factors are in sync to provide the
needed tailwind to the market.
A microcarrier can be defined as a support matrix that would allow the growth of adherent cells. It can benefit from a number of factors like large culture surface area, better cell yields, and reduced risk of contamination can provide advantage to the global market for microcarriers. Various companies and research institutes can also make sure that the growth goes beyond the expected market rate.
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But the market for microcarriers
can find some distraction in the production of high-density cell
culture as there are certain restrictions and also high cost that have
to be considered to make an assessment of the market. Other factors like
the manufacturing of biologics and cell therapies, can make adverse
impact on the market growth due to its high cost.
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 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.
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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