This report provides exclusive insights into the COVID-19 impact on the Microcarrier Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Microcarrier Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Microcarrier Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on microcarrier market provides in-depth analysis of segments and sub-segments in the global as well as regional microcarrier market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional microcarrier market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global microcarrier market. According to the report, the global microcarrier market is projected to grow at a CAGR of 5.8% over the forecast period of 2018-2024.
Microcarrier is a support matrix which facilities the growth of adherent cells in a bioreactor. The microcarrier technology plays a major role in the vaccines industry to precisely control cell growth conditions in sophisticated, computer-controlled bioreactors. Microcarrier is frequently used to increase protein-producing or virus-generating adherent cell in the large-scale commercial production of vaccines and biologics. Several types of microcarrier are available commercially which includes dextran-based, alginate-based, collagen-based and polystyrene-based microcarrier.
The growing demand for stem cell therapy owing to the rising incidences of cancer primarily drives the growth of microcarrier market. Microcarriers enable more cost-effective cell production for stem cell therapies by reducing the fixed costs and variable costs in large-scale manufacturing. Low risk of contamination and high cell yields are some advantages offered by microcarrier. Moreover, the growing demand for cell-based vaccines and therapies across the globe is boosting the demand of microcarrier market. Going further, the animal cell culture is constantly being developed to increase unit productivity and decrease production costs of animal cell products. Due to its numerous characteristics, the microcarrier is significantly used in animal cell products. Additionally, increasing availability of funding for cell-based research and cell-based vaccines coupled with the wide application of microcarrier in biopharmaceutical and research institutes are supporting factors fuelling the demand of microcarrier market. On the other hand, high cost related to microcarrier therapies could hamper the growth of the market. Going further, technological advancement and significant innovations made in microcarriers are increasing growth opportunities for the market in an upcoming year.
Among the geography, North America region dominated the largest market share in microcarrier market. Due to government research facilities, an increase in incidences of cancer and strategic expansion of biopharmaceutical and biotechnology industry are primary factors escalating the demand of microcarrier market in North America region. Europe was the second largest region for microcarrier market and is expected to show substantial growth during the forecast period. The major factors such as the growing number of capital investment for cell-based research and a wide range of microcarrier application in bio manufacturing of biotechnology products promote the growth of the market in Europe. Germany, France, and the U.K. are expected to be the largest market shareholders in the micro-carrier market. The Asia-Pacific is anticipated to witness significant growth during the forecast period. In the Asia-Pacific region, China and India offer lucrative growth opportunities in upcoming years. Increase in growth of the pharmaceutical industry in this region and growing initiative for cell-based research activities are likely to increase the demand of microcarrier market in the Asia-Pacific region. The Middle East and Africa are projected to have sluggish pace due to lack of product awareness in this region.
The report on global microcarrier market covers segments such as product, application, and end user. On the basis of product, the sub-markets include equipment and consumables. On the basis of application, the sub-markets include vaccine manufacturing, cell therapy, biologics manufacturing, and others. On the basis of the end user, the sub-markets include CRO & research institutes, and pharmaceutical and biotechnology companies.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in this region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the market such as Thermo Fisher Scientific, Danaher, Corning Incorporated, Merck KGaA, GE Healthcare, Becton, Dickinson and Company, Lonza, Eppendorf AG, Sartorius AG, and HiMedia Laboratories.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of microcarrier market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.