Pune, India -- (SBWIRE) -- 04/09/2019 -- Our latest research report entitled Microcarrier Market (by-product (equipment, and consumables), application (vaccine manufacturing, cell therapy, biologics manufacturing, and others), end user (CRO & research institutes, and pharmaceutical and biotechnology companies)) Global Industry Analysis, Trends, Size, Share and Forecasts to 2024 provides complete and deep insights into the market dynamics and growth of Microcarrier. Latest information on market risks, industry chain structure Microcarrier cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Microcarrier growth factors.

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The forecast microcarrier market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Microcarrier on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. The global microcarrier market is projected to grow at a CAGR of 5.8% over the forecast period of 2018-2024.

Microcarrier Market: Industry Insight

Microcarriers are is a support matrix allowing the further growth of adherent cells in a bioreactor. Microcarriers can be made from a number of different materials including glass, dextran, acrylamide plastic, polystyrene, and others. These microcarriers materials along with different surfaces chemistry can influence cellular behavior. Microcarriers are enhanced the protein-producing or virus-generating adherent cell population. Thus, they are primarily used in the formation of large-scale commercial production of biologics and vaccines.

Microcarrier Market: Drivers and Restrain

The rapidly growing use of bioreactors in cancer research is driving the growth of microcarriers market worldwide. The rising prevalence of cancer is contributing to the growth of the microcarrier market. Additionally, increasing preference of Cell-based Therapeutics is likely to fuel the growth of microcarriers market. On the other hand, high cost and low awareness are the factors that restraining the growth of microcarriers market. Furthermore, ongoing technological advancements in the Bio-similar Industry are projected to create several growth opportunities in the microcarriers market in the near future.

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Microcarrier Market: Segmentation

The global microcarrier market is segmented into product, application, and end user.

The product segment is further bifurcated into equipment and consumables. The equipment segment is further divided into Culture Vessels, Bioreactors, Cell Counters, Filtration Systems, and Accessories. Additionally, Consumables segment is further categorized into Media, Reagents and Microcarrier Beads.

In terms of application, the microcarrier market is segmented as Vaccine Manufacturing, Cell Therapy, Biologics Manufacturing, and Others. Among these applications, vaccine manufacturing and cell therapy applications hold considerable market shares. The growing demand for stem cell therapy in cancer treatment is driving the growth of microcarriers in the cell therapy market. Furthermore, by end users, the submarket includes CRO & research institutes, and pharmaceutical and biotechnology companies.

Microcarrier Market: Regional Analysis

Geographically, North America is the largest region in the microcarrier market followed by Europe. The factors such as the increase in incidences of cancer and government research facilities are accountable for the massive growth of microcarriers in the North America region. Additionally, growing biopharmaceutical and biotechnology industry is likely to contribute to the growth of North America microcarrier market. Moreover, Asia Pacific is the fastest growing region in the microcarrier market owing to rapidly growing funding in the cell-based research activities.

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Microcarrier Market: Comparative Landscape

The key players in this market include Thermo Fisher Scientific, Danaher, Corning Incorporated, Merck KGaA, GE Healthcare, Becton, Dickinson and Company, Lonza, Eppendorf AG, Sartorius AG, HiMedia Laboratories and others. The market of microcarriers is a fragmented market. The prominent players in this market are more focused on the new product launch. For instance, a leading international supplier for the biopharmaceutical industry, Sartorius Stedim Biotech (SSB) announced the launch of a new mini bioreactor vessel for its ambr® 250 high throughputs (ht) system, in April 2018.