Microcarriers Market Overview
Microcarriers market 2020 currently holds a valuation of approximately USD 1.18 billion, says Market Research Future (MRFR) and is expected to advance at a rate of 5.9% from 2018 to 2023. We will provide COVID-19 impact analysis with the report, coupled with all the significant developments in the market following the coronavirus disease outbreak.
Microcarriers Market Top Impacting Factors and Barriers
The microcarrier market is significantly bolstered by the mounting demand for cell-based therapeutics and vaccines coupled with the growth of the biosimilar and biologics industry. The rise in R&D activities and the increasing spending on cell therapy researches could also favor the global market over the next few years. A majority of the biologics currently in the pipeline is targeting indications, which have a massive patient pool. This indicates biologics’ potential to enter various the non-traditional biologic disease segments, which can lead to better therapeutic efficacy.
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In terms of therapeutic spread, population access and medical efficacy, biopharmaceuticals hold immense potential, which still remains untapped to a large extent. The potential is being gradually explored with the use of manufacturing technologies like microcarriers, which can result in the surge in manufacturing efficacy, lower therapy costs and commercialization of effective therapies. Therefore, the rapid growth of the biosimilar and biologics industry, the microcarriers market can advance at a stellar pace in the following years.
The increase in technological developments has transformed the present scenario, elevating the importance of microcarriers in cell therapy. For example, dissolvable microcarriers are garnering interest since these conatin cross-linked polysaccharide polymers that are easily dissolvable throughout the cell harvest step. Since microcarriers get fully dissolved, the need to separate is eliminated and the downstream process becomes more effective. As a result, dissolvable microcarriers are being extensively used in cell therapy applications or large scale cell production. Apart from this, partnerships and acquisitions are the top marketing strategies being adopted by leading vendors to get the upper hand in the competitive landscape.
To cite an instance, in May 2020, Sartorius acquired some life-science businesses belonging to Danaher Corporation, including SoloHill microcarriers standard, Hillex, Cadence BioSMB PD System, HyperD, HyperCel, and more.
Microcarriers Market Segmentation
Microcarriers industry can be categorized as product type, application, and end-user.
The product types considered in the MRFR study are equipment as well as consumables.
Depending on application, the market caters to biologics manufacturing, cell therapy, vaccine manufacturing, and more.
Research institutes, contract research organizations and pharmaceutical and biotechnology companies are the key market end-users mentioned in the report. Pharmaceutical and biotechnology companies are the most significant end-users in the microcarriers industry, on account of the rising utilization of single-use technologies during vaccine production and the expanding application scope of microcarriers. Research institutes segment could grow at the fastest speed due to the strong demand for research and development with regard to life threatening diseases.
Microcarriers Market Regional Insight
The regional segmentation of the global market covers Europe, Asia Pacific/APAC, MEA or the Middle East & Africa and the Americas.
The American market can emerge as the global leader in the years ahead, thanks to the amplified demand for stem cell therapy and the rising cancer cases. The high focus of leading manufacturers based in the region on the development of advanced techniques for stem cell therapy furthers the market expansion. Massive funding and the surge in R&D activities with respect to cell therapy research help enhance the market size as well. Efforts by the government with the aim to provide better health care and facilitate improvements in healthcare infrastructure are projected to bolster the demand for microcarrier in the future. The United States has been observing a sharp spike in the biologics and biosimilar sectors, making the country a highly attractive market for microcarriers in the region.
The APAC market is set to progress at the fastest rate during the analysis period, on account of the vast patient populace due to the surge in life threatening diseases and the huge demand for cell-based vaccines. The increasing funding by private and public firms for cell-based research and the strategic growth of biopharmaceutical vendors in the region can also benefit the APAC market in subsequent years.
Microcarriers Market Key Contenders
The key market contenders profiled are Sartorius AG, HiMedia Laboratories, Corning Incorporated, GENERAL ELECTRIC COMPANY, Becton, Dickinson and Company, Merck KGaA, Lonz, Danaher, Thermo Fisher Scientific Inc., Eppendorf AG, to mention a few.
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
…TOC Continued
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