Microcarrier Market is Projected to Grow at a CAGR of 8.3% during 2021 to 2030| Top Players Thermo Fisher Scientific, Corning Incorporated, Merck, Lonza Group, Getinge AB, ChemoMetec

The Global Microcarrier Market revenue is expected to value USD 1,300.0 million in 2021 and is estimated to grow at a CAGR of 8.3% during the projected period. A microcarrier allows adherent cells in bioreactors to grow. A microcarrier is a support matrix that allows adherent cells in bioreactors to grow. Microcarriers are used routinely in the large-scale commercial production of biologics (proteins) and vaccines to produce protein-producing or virus-generating adherent cell populations. These microcarrier cell culture is carried out in spinner flasks, other vessels may also support microcarrier-based cultures.

Microcarriers are rapidly becoming a compulsory part of 3D cultures. A potential application field for Microcarriers is anticipated to be the rising market for 3D cell culture. Cell culture is becoming an important part of vaccine production in the pharmaceutical industry. Vaccines were manufactured by harvesting and growing viruses in chicken eggs which is a time-taking process. Cell-based vaccine production has emerged as more efficient method, as per demand to produce vaccines in larger quantities. Clinical trials have also proved that cell-based vaccines are as safe, effective, and efficacious as egg-based vaccines. The increasing prevalence of cancer cases and the growing demand for cell based vaccines is fueling the growth of the market over the projected period

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Various academic institutes and small-scale companies with limited budgets are not able to afford and to conduct cell biology research. Unavailability of inexpensive serum free media and high cost of cell biology research stem cell biology, in which microcarriers are mainly used, involves extensive R&D on new therapies and requires high quality equipment are some of the factors can restraint the growth of the microcarrier market.

List of Companies operating in this report are:

• Thermo Fisher Scientific
• Corning Incorporated
• Merck
• Lonza Group
• Getinge AB
• ChemoMetec
• Cesco Bioengineering
• Himedia Laboratories
• Esco VacciXcell
• Sartorius
• Danaher Corporation
• Becton
• Dickinson and Company
• Eppendorf AG

Some Major Market Developments Considered in the Report:

• January 2021 - Thermo Fisher Scientific launched 500 L HyPerforma DynaDrive S.U.B. system, which offers improved performance and scalability for optimal cell culture performance.
• November 2020 - Researchers from Singapore-MIT Alliance for Science and Technology (SMART) developed a dissolvable, gelatin-based microcarrier that offers higher yield and cost effectiveness for large-scale cell production.
• Thermo Fisher Scientific announced that it was investing nearly USD 24 million in its biologics site at Inchinnan, Scotland, to boost its ability to manufacture cell culture media.
• Clover Biopharmaceuticals choose GE's FlexFactory biomanufacturing platform for the production of biological fusion protein products, including innovative drugs and biosimilars.
• The Eppendorf Group is expanding its production capacity at the Oldenburg in Holstein site in Germany by building two additional production halls.
• In Oldenburg, Eppendorf produces laboratory consumables made of high- quality plastic analogous as pipette tips and tubes, microtiter plates and single- use bioreactor vessels.

COVID-19 Impact on the Microcarrier Market

QMI team is closely monitoring the impact of COVID-19 on the global microcarrier market. Government have supported the development of vaccines to planning for medicines supply chain obstacle. Various major research institutes, pharmaceutical companies, and start-ups geared up their R&D efforts in order to develop drugs and vaccines for the deadly disease. Owing to increased R&D funding and activities, the demand for cell culture products, including microcarrier products, is expected to grow during the projected period.

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Microcarrier Market, by Product

On the basis of product, the global market for microcarriers is bifurcated into equipment and consumables. The consumables segment is projected to hold the largest market share during the estimated period. The growth of this segment is accounted to the rising adoption of microcarrier media, reagents, and beads for various applications including cell culture procedures.

Microcarrier Market, by Application
On the basis of application, the market is segmented into tissue engineering and regenerative medicine, cell and gene therapy, biopharmaceutical production, and others. Among these segments, the biopharmaceutical production segment is dominating the market owing to the rising demand for monoclonal antibodies and vaccines and the growth of major pharmaceutical companies.

Microcarrier Market, by Material Type
On the basis of material type, the global microcarrier market is categorized into collagen-based, polystyrene-based, alginate-based, dextran-based, and others. Among these, the collagen-based segment is expected to hold the largest market share during the projected period. The segment growth can be because collagen provides a natural microenvironment for cells to adhere to and grow rapidly.

Microcarrier Market, by End User
On the basis of end user, the global market is categorized into contract research & contract manufacturing organizations, pharmaceutical and biotechnology companies, academic and research institutes, and cell banks. Among these, the pharmaceutical and biotechnology companies segment is projected to hold the largest market share during the estimated period. Adding knowledge regarding the benefits with cell- rested vaccines and their growing official favors are the major factors which boost the growth of this segment.

Microcarrier Market, by Region

Based on region, the global microcarrier market is bifurcated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is estimated to dominate the global market during the projected period owing to growing investments in cell-based research, technological advancements, increasing R&D activities in biologics and cell and gene therapies.
The Asia Pacific market is expected to register significant growth during the forecast period, owing to increasing R&D expenditures in gene and cell therapy, significant number of clinical trials, increasing collaboration between pharmaceutical companies and research institutes for developing vaccines and biotherapeutics in the region.

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Some Major Findings of the Microcarrier Market Report Include:

• Major global microcarrier market developments & forecast analysis, along with a region-specific market analysis for up to 25 countries
• An in-depth microcarrier market study by segments with trend-based insights
• Profiles of major market players operating in the global microcarrier market, which include Thermo Fisher Scientific, Inc., Corning Incorporated, Merck, Lonza Group, Getinge AB, ChemoMetec, Cesco Bioengineering, Himedia Laboratories, Esco VacciXcell, Sartorius, Danaher Corporation, Becton, Dickinson and Company, and Eppendorf AG.
• Competitive benchmarking, product offering details, and growth strategies adopted by the leading market players
• Key impact factor analysis across regions that includes analysis, along with drivers, restraints, opportunities, and challenges that are prevailing in the market
• Impact of COVID-19 on the global microcarrier market

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This release was published on openPR.