Microcarrier Market by Product (Equipments, Consumables, Reagents, Microcarrier Beads) by Application(Vaccine Manufacturing, Cell Therapy) by End Use (Pharmaceutical & Biotechnology Companies, Research Institutes, Contract Research Organizations) – Busi

Global Microcarrier Market was valued at USD 1.14 Billion in the year 2017. Global Microcarrier Market is further estimated to grow at a CAGR of 6.13% from 2018 to reach USD 1.63 Billion by the year 2023. The North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.

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Thermo Fisher Scientific (Germany), GE Healthcare (Germany), Corning (U.S) are the key players in this market.

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Drivers:

• Increasing incidence of cancer

Restraints:

• Expensive and unaffordable by many sections

Opportunities:

• Increasing R&D expenditure

Challenges:

• Increasing competition

The Global Microcarrier Market is divided as By Product, Application, End Use, and Region. On the basis of Product, the Microcarrier market is categorized into types of equipment, consumables, reagents, microcarrier beads in which the consumables segment accounted for the largest market share owing to continuous consumption of various media and reagents. Based on Application, the market is segmented into vaccine manufacturing, cell therapy, and other applications. The vaccine manufacturing segment accounted for the largest share of the market. The large share of this segment can be attributed to the high and growing demand for cell-based vaccines. Based on End Use, the market is segmented into pharmaceutical and biotechnology companies research institutes and CROs.

The pharmaceutical and biotechnology companies segment accounted for the largest share of the microcarriers market. The dominant share of this segment can be attributed to the growing use of single-use technologies in vaccine production, increasing demand for cell-based vaccines, widening application areas of microcarriers, and increasing pharmaceutical R&D expenditure. The vaccine manufacturing segment is expected to grow with a moderate CAGR of XX%.

Key Benefits for Stakeholders

• Pharmaceutical and biopharmaceutical companies
• Manufacturers of culture equipment and media
• Manufacturers of microcarrier beads
• Contract research organizations
• Life science research institutes
• Venture capitalists
• Research and consulting firms

By Product

• Equipment
• Consumables
• Reagents
• Microcarrier Beads

By Application

• Vaccine Manufacturing
• Cell Therapy
• Other Applications

By End Use

• Pharmaceutical & Biotechnology Companies
• Research Institutes
• Contract Research Organizations

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Thermo Fisher Scientific
• GE Healthcare (A Subsidiary of General Electric Company)
• Corning
• Sartorius AG
• Danaher Corporation
• Merck KGaA
• Becton, Dickinson and Company
• Eppendorf
• Hi-Media Laboratories
• Lonza Group AG

(A brief overview of 10 companies is also provided)

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This release was published on openPR.