Microcarrier Market to record growth at a CAGR of 11.02 percent during the forecast period, Investment Opportunities and Technological Advancements

Pune, Feb. 07, 2023 (GLOBE NEWSWIRE) — A global biotechnology business-consulting firm, Maximize Market research, has published a market intelligence report on the “Microcarrier Market”. The report is a combination of primary and secondary data and the domain expert has analyzed the market from a global as well as a regional perspective. The total market opportunity for Microcarrier Market was USD 1.9 Bn in 2021 and is expected to grow at a CAGR of 11.02 percent through the forecast period to reach USD 4.38 by 2029.

Microcarrier Market Report Scope and Research Methodology

The report covers the present and future trends that are expected to influence the growth opportunities and growth rate of the global Microcarrier Market. It includes market share, supply and demand ratio, growing revenue and business overview. It also includes product categorization, development trends, product applications, product technology, industrial chain structure, industry overview, competitive landscape, national policy and planning analysis of the industry, and the most recent dynamic analysis, among other things. The report provides a detailed analysis of growth drivers, opportunities, major restraints and upcoming challenges. To make the complicated analysis easy, the market was analysed by dividing it into three major segments: product application and end-user.

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The market report highly depends on both primary and secondary data for analysing the market. The research process involves the investigation of various factors affecting the industry, such as historical data, government policy, technological innovation, upcoming technologies, and the technical progress in related industries and others. Extensive primary research was conducted to collect the information and verify the crucial numbers arrived at after comprehensive market engineering and calculations for market size estimations, market statistics, market breakdown, market forecasts and data triangulation. The bottom-up approach was used in the whole market engineering process with multiple data triangulation methodologies to perform the market estimation and forecasting for the overall market segments and sub-segments. SWOT analysis was used to provide the strengths and weaknesses of the Microcarrier Market.

Microcarrier Market Overview

A supporting matrix that allows the adherent cells to proliferate in the bioreactor is called a microcarrier. In the large-scale commercial production of biologicals and vaccines, the microcarriers are utilized to grow virus-producing or protein-producing adherent cell populations. The increasing preference for single-use technologies and technological advancements are the major factors expected to drive the Microcarrier Market growth.

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Microcarrier Market Dynamics

The primary factors that drive the Microcarrier Market growth are successful marketing tactics, rising product appeal among consumers and significant financial investments in product development. The increasing popularity of 3D cell culture in vaccine production, drug discovery and cancer treatment has promoted the funding for cell-based research. This growth in the environment of cultured cells is expected to drive market growth during the forecast period. The low cost of the alternatives is the major challenge for market growth. High costs of cell biology research are expected to hamper Microcarrier Market growth.

Microcarrier Market Regional Insights

During the forecast period, the North American region is expected to dominate the global microcarrier market. The major factor that is driving the market growth in the region is the increasing R&D for gene and cell treatments in order to generate the necessary vaccinations.

The Europe region holds the second-largest position in the global market share. The growth of the regional market is majorly due to the increasing use of technical developments, which helps the market players to maintain dominance over the market. Further, the increasing use of R&D activities is expected to improve market demand and product development during the forecast period.

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Microcarrier Market Segmentation

By Product

By Application

• Vaccine Manufacturing
• Cell Therapy
• Other Applications

By End-User

• Pharmaceutical and Biotechnology Companies
• Research Institutes
• CROs

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Microcarrier Market Key Competitors include:

• Thermo Fisher Scientific Inc. (US)
• Sartorius AG (Germany)
• Cytiva (US)
• Danaher Corporation (US)
• Eppendorf AG (Germany)
• Merck & Co., Inc.(US)
• ChemoMetec (Denmark)
• CESCO Bioengineering (Taiwan)
• HiMedia Laboratories (India)
• Corning Incorporated (US)
• Becton – Dickinson and Company (US)
• Lonza (Switzerland)
• denovoMATRIX GmbH (Germany)
• Bio-Rad Laboratories, Inc. (US)
• Sigma Aldrich (US)
• General Electric (US)

Key questions answered in the Microcarrier Market are:

• What is a Microcarrier?
• What was the Microcarrier Market size in 2021?
• What is the expected CAGR of the Microcarrier Market during the forecast period (2022-2029)?
• What are the global trends in the Microcarriers Market?
• What are the upcoming industry applications and trends for the Microcarriers Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Microcarriers Market?
• How is the intervention from the regulatory authority shaping the Microcarriers Market?
• What growth strategies are the players considering to increase their presence in Microcarriers?
• What are the major challenges that the Microcarriers Market could face in the future?
• Who held the largest market share in the Microcarriers Market?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by Product, Application, End-User and Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading Biotechnology research firm, has also published the following reports:

Bioreactors Market – The market size is expected to reach USD 8.49 billion by 2029 at a CAGR of 10.32 percent during the forecast period. The market is expected to be driven by the rapid growth of the pharmaceutical and biotechnology industries and technological advances in bioreactors.

Single Use Bioreactor Market – The market size is expected to reach USD 17.92 billion by 2029 at a CAGR of 21.8 percent during the forecast period. The market is expected to be driven by increasing demand for biopharmaceuticals and increasing demand for single-use sensors.

Moving Bed Bioreactor Market – The market size is expected to reach USD 10.90 billion by 2027 at a CAGR of 4.6 percent during the forecast period. The market is expected to be driven by the increasing demand in the market because of poor irrigation in agriculture especially in developing regions, as well as industrial growth.

Cell Dissociation Market – The market size is expected to reach USD 820 million by 2029 at a CAGR of 19 percent during the forecast period. The market is expected to be driven by the increasing investments by biopharmaceutical companies in research and development.

Mesenchymal Stem Cells Market – The market size is expected to reach USD 409.62 million by 2029 at a CAGR of 6 percent during the forecast period. The market is expected to be driven by increasing application of mesenchymal stem cells in pre-clinical trials and the field of regenerative medicine.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.