Market
Highlights:
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.
Regional
Analysis:
The market in the Americas is expected to dominate the global Microcarrier
market during the forecast period owing to the increasing incidence of
cancer and other chronic diseases, a well-developed healthcare sector and
growing number of venture capital investments. According to data published by
Centers for Disease Control and Prevention (CDC), 1,633,390 new cases of cancer
were reported in the year 2015, and 595,919 people died of cancer in the United
States in the same year. The European market is expected to be the
second-largest due to government funding and support of the healthcare sector
coupled with the strategic expansion of biopharmaceutical companies in this
region. Moreover, the market in Asia-Pacific is anticipated to be the
fastest-growing during the assessment period owing to growing disposable income
and rising demand for cell-based vaccines. The market in the Middle East and Africa
is likely to account for the smallest share of the global microcarrier market.
The market growth in this region can be attributed to the growing government
initiatives.
Segmentation:
The global microcarriers market has been segmented into product type,
application, and end-user.The market, on the basis of type, has been segmented
into equipment, and consumables.The market, based on equipment, has been
segmented into bioreactors, culture vessels, cell counters, filtration systems,
and other equipment.The market, based on consumables, has been sub-segmented
into media, reagents, and microcarrier beads.The market, based on media, has
been further segmented into serum-based media, serum-free media, and other
media.
The market, based on microcarrier beads, has been sub-segmented into
cationic microcarriers, collagen-coated microcarriers, protein-coated
microcarriers, and other microcarrier beads.The market, on the basis of
application, has been further segmented into vaccine manufacturing, cell
therapy, biologics manufacturing, and other applications.The market, on the
basis of end-user, has been further segmented into pharmaceutical and
biotechnology companies, research institutes, and contract research
organizations.
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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.
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