Microcarrier Market Size, Strategies and Opportunities Forecast 2022-28

The research report "Microcarrier Market: By Product (Equipment, Consumables, and Microcarrier Beads), By Application (Vaccine Manufacturing, Cell Therapy, and Others), By End User (Pharmaceutical & Biotechnology Companies, Research Institutes, and Contract Research Organizations), and Geography- Global/Region/Country Forecast to 2028." Global microcarrier market projected to be valued at US$ 1.9 Bn in 2021 and poised to grow at significant CAGR rate of 11.6% over the forecast period 2022-2028.

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Availability of public and private funding on cell-based R&D in technology fosters the Global Microcarrier Market:
This Global Microcarrier Market report studies dynamics elaborately to identify the latest trends & drivers, possible challenges and future opportunities to the key stakeholders operating in the market.Biopharmaceutical and pharmaceutical companies have registered highest market share amid all the end-users in the market and is estimated to reach significant CAGR rate over the future period. There are a few major factors boost the market growth such as the availability of public and private funding on cell-based research and developments in technology and growing demand for cell-based vaccines and mammalian cells in the biopharmaceutical industry and research institutes. Moreover, growing demand for consumables and constant consumption of different media and reagents for different culture process and applications foster the market growth over the estimation period. On the other hand, limitations in the production density and high cost of cell biology research hamper the market growth over the forecast period.

A combination of small start-ups and big pharmaceutical corporations rushed to innovate vaccinations and treatment following the declaration of World Health Organization that the epidemic as a pandemic. Vaccine related research in academic and research institutes, pharmaceutical and biotechnological firms and research centers have been hugely unaffected. Companies have started focusing more on their research and development efforts for developing new treatments and vaccinations to combat the virus. Demand for cell culture supplies especially microcarrier products and the availability of financing are going to expand as research scales up.

Europe accounted for larger revenue share in the Global Microcarrier Market:
Global microcarrier market aims at providing comprehensive outlook on microcarrier across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among these regions, Europe got major share in the global microcarrier market witnessing significant CAGR rate due to the increasing number of venture capital investments, presence of a huge number of key players in the market, availability of technologically advanced products and increasing prevalence of cancer. Asia Pacific and North America are also estimated to be the rapidly growing regions in the market over the forthcoming years.

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Major players working in the global microcarrier market are Thermo Fisher Scientific, GE Healthcare (A Subsidiary of General Electric Company), Corning, Sartorius AG and Danaher Corporation. These players in the market adopt major strategies.

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