New York, May 03, 2021 (GLOBE NEWSWIRE) — Increasing R&D expenditure by pharmaceutical and biotechnology companies and development of cell therapy industry are expected to drive market growth
Market Size – USD 1.4 Billion in 2020 Market Growth – 10.5% Market Trends – Expanding vaccine manufacturing industry and R&D investment
Global microcarriers market size is expected to reach USD 2.9 Billion in 2028, registering a CAGR of 10.5% over the forecast period, according to the latest report by Reports and Data.
Market revenue growth is driven by key factors such as increasing R&D expenditure by pharmaceutical and biotechnology companies and steady development of the global cell therapy industry.
Increasing demand for stem cell therapy coupled with rising prevalence of cancer across the globe will drive microcarriers market growth to a significant extent. One of the leading drivers for microcarriers market growth is rising prevalence of diseases where cell therapy can be effectively applied. The World Health Organization estimates that the global burden of cancer is predicted to rise to 27.5 million new cases and 16.3 million deaths by 2040. Increasing funding for the biopharmaceutical industry and technological advancements in microcarrier development have also contributed to growth of the market. For instance, researchers from the Singapore-MIT Alliance for Science and Technology (SMART) have developed a novel microcarrier for large-scale cell production and expansion that provides higher yield and cost-effectiveness than conventional methods while also reducing the number of steps needed in the cell retrieval process.
Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/4003
The newly developed dissolvable gelatin-based microcarrier from SMART has shown to be effective for cell expansion in the treatment of a variety of ailments including bone and cartilage defects as well as body’s rejection of foreign bone marrow and cells (called graft vs. host disease). In addition, the microcarriers’ dissolvability removes the need for a second separation stage to remove the cells from the microcarriers. This simplifies cell manufacturing while also improving the ease with which therapeutic cells can be processed for use in patient products. Rising growing demand for cell therapies will propel the microcarriers market forward.
Various academic institutes and small-scale companies with limited budgets cannot afford to conduct cell biology research as it involves extensive R&D, which demands highest quality of equipment, media, reagents, and other products. Microcarriers are mainly used in stem cell biology, which is a key factor expected to restrain market growth. In addition, the need to comply with strict guidelines by regulatory bodies also is predicted to increase the cost of cell biology, thus creating additional challenges for microcarriers market growth.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/microcarrier-market
Some Key Highlights From the Report:
- On the basis of product, the market is segmented into consumables and equipment. Consumables accounted for the largest market share in 2020 among other product segments.
- On the basis of application, the global microcarriers market is segmented into vaccine manufacturing, cell therapy, and others. Vaccine manufacturing accounted for the largest market revenue share in 2020 among other application segments.
- On the basis of end-use, the global microcarriers market has been segmented into pharmaceutical and biotechnology companies, research institutes, and CROs. Pharmaceutical and biotechnology companies accounted for the largest market share in 2020.
- North America microcarriers market is expected to hold the largest revenue share by 2028 owing to increasing cell therapy research in this region.
- Similar trend has been noted in Asia Pacific region as well where research funding has been increasing due to rising R&D expenditure.
Some prominent players in the microcarriers market include:
- Thermo Fisher Scientific
- Danaher Corporation
- Dickinson And Company
- Eppendorf Ag
- Lonza Group
- Getinge Ab
- Cesco Bioengineering
- Himedia Laboratories
- Esco Vaccixcell
- Stemcell Technologies
- Solida Biotech
- Stobbe Pharma
- Celltainer Biotech
- G&g Technologies
Segments Covered in the Report:
For the purpose of this report, Reports and Data has segmented the global microcarriers market on the basis of product, application, end use, and region:
Product Outlook (Revenue, USD Billion, 2018–2028)
- Sera/Serum-based Media
- Serum-free Media
- Other Media
- Collagen-coated Microcarriers
- Cationic Microcarriers
- Protein-coated Microcarriers
- Untreated Microcarriers
- Other Microcarriers
- Single-use Bioreactors
- Stainless-steel Bioreactors
- Culture Vessels
- Filtration and Separation Equipment
- Cell Counters
- Other Equipment
Application Outlook (Revenue, USD Billion, 2018–2028)
- Biopharmaceutical Production
- Vaccine Production
- Therapeutic Protein Production
- Cell and Gene Therapy
- Tissue Engineering and Regenerative Medicine
- Other Applications
End Use Outlook (Revenue, USD Billion, 2018–2028)
- Pharmaceutical & Biotechnology Companies
- Contract Research Organizations & Contract Manufacturing Organizations
- Academic and Research Institutes
- Cell Banks
Regional Outlook (Revenue, USD Billion, 2018–2028)
- North America
- The U.S.
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- The Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of The Middle East and Africa
Browse similar research reports:
Multiplex Assays Market Size, Share And Analysis, By Product (Consumables, Instruments, Software & Services), Type (Nucleic Acid Assay, Protein Assay, Cell-Based Assay), Technology (Flow Cytometry, Luminescence, Fluorescence Detection, Multiplex RT-PCR, Other Technologies), Application (Research & Development, Clinical Diagnostics, Other Diseases), End Use (Pharmaceutical & Biotechnology Companies, Reference Laboratory, Hospitals & Academic Research Institutes, Reference Laboratories), And By Region To 2028
Immunofluorescence Assay (IFA) Market Size, Share & Analysis, By Products (Antibodies, Reagents, Kits, Instruments, Consumables & Accessories), By Type (Indirect, Direct), By Disease (Cancer, Infectious Disease, Cardiovascular Diseases, Autoimmune Diseases, Others), By End-use Industry (Academic & Research Institutions, Pharmaceutical & Biotechnology Companies, CROs, Hospitals & Diagnostic Centers), By Region, Forecast To 2028
Immunoprecipitation Market Size, Share & Analysis, By Type (Individual Protein Immunoprecipitation, Chromatin Immunoprecipitation, Co-Immunoprecipitation, RNA Immunoprecipitation, And Others), By Product Type (Kits, Accessories, Primary Antibodies, Secondary Antibodies, Agarose Beads, Magnetic Beads, Buffers), By End-Use (Pharmaceutical And Biopharmaceutical Companies, Academic & Research Institutes, Contract Research Organizations (CROs), And others), And By Region Forecast To 2028
Cell-based Assays Market Size, Share & Analysis, By Product & Service (Reagents, Microplate, Cell Lines, Assay Kits, Instrument & Software, Services), Application (Drug Discovery, Basic Research, Others), End-User (CROs, Pharmaceutical Companies, Research Institutes), And By Region To 2028
NGS Sample Preparation Market Size, Share & Analysis, By Product (Reagent, Workstations), Workflow (Library Preparation, Target Enrichment, Quality Control), Application (Infectious Disease, Cancer Diagnostics), Technology (SMRT, Nanopore, SBS, Ion Semiconductor Sequencing), End Use (Academic Institutes and Research Centers, Pharma and Biotech Companies, Hospital and Clinics), and by Region, Forecast To 2028
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
Read Full Press Release: https://www.reportsanddata.com/press-release/global-microcarrier-market