Global microcarrier market expected to reach around USD 1.75 billion by 2024, growing at a CAGR of 6.2 % between 2018 and 2024. A microcarrier is a supporting matrix used commercially for the growth of adherent cells in bioreactors for biologics production and vaccine manufacturing.

Sarasota, FL -- (SBWire) -- 10/29/2018 --Zion Market Research has published a new report titled "Microcarrier Market by Product (Equipment and Consumables), by Application (Vaccine Manufacturing, Cell Therapy, and Other), and by End-User (Pharmaceutical and Biotechnology Companies, Research Institutes, and Contract Research Organizations): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2024". According to the report, global microcarrier market was valued at approximately USD 1.17 billion in 2017 and is expected to reach around USD 1.75 billion by 2024, growing at a CAGR of 6.2 % between 2018 and 2024.

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A microcarrier is a supporting matrix used commercially for the growth of adherent cells in bioreactors for biologics production and vaccine manufacturing. The animal cell culture industry is constantly being developed to increase productivity and decrease the production costs of animal cell products. As animal cells have a relatively low productivity, a large amount of culture supernatant is needed for the final product. Microcarriers have many advantages over achieving these goals. Microcarriers allow exceptional scale-up of product and allow cells to grow in three dimensions at high densities which stabilize the cell population and decrease the need for external growth factors.

The microcarrier market is expected to witness a robust growth in the coming years. The growing demand for mammalian cells in the biopharmaceuticals industry and research institutes is accounting for the rapid growth of the global microcarrier market. Cell harvesting is widely being integrated into all aspects of stem cell therapy, drug manufacturing, and drug discovery. The wide acceptance and application of microcarrier in biopharmaceutical and research institutes are fostering the growth of cell harvesting market. The number of challenges such as high cost and slow penetration of microcarriers in developing countries is restraining the growth of the microcarrier market. However, technological advancements are expected to offer lucrative growth opportunities for the business in the forecast period.

Product segment is classified into equipment and consumables. The equipment segment is further segmented into bioreactors, culture vessels, filtration systems, cell counters, and accessories. Sub-segments of the consumables segment are media, reagents, and microcarrier beads. Microcarrier beads are further segmented into cationic microcarriers, collagen-coated microcarrier, and other. New microcarriers have been introduced in the market recently. Corning Incorporated introduced microcarriers such as dissolvable microcarriers for enhancing cell expansion on the large-scale.

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These dissolvable microcarriers are suitable for more efficient and gentle cell harvesting than those offered by traditional microcarriers. The application segment in the global microcarrier market is divided into vaccine manufacturing, cell therapy, and other. The vaccine manufacturing dominated the application segment due to its escalating demand across the biopharmaceutical sector. The segment captured a major chunk of market share in terms of revenue in 2017. On the basis of the end-user segment, the market is divided into pharmaceutical and biotechnology companies, research institutes, and CROs.

Based on the geography, the global microcarrier market is divided into five regions, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominated the global microcarrier market in 2017. The U.S. was the leading market in North America. Europe was the second largest market followed by the Asia Pacific in terms of revenue generation. The Middle East and Africa and Latin America are expected to experience moderate growth in the microcarrier market in the years to come.

Some of the key players in microcarrier market include Thermo Fisher Scientific, Merck KGaA, GE Healthcare, Danaher Corporation, Corning Incorporated, Lonza, Becton, Dickinson and Company, Eppendorf AG, HiMedia Laboratories, and Sartorius AG, among others.

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This report segments the global microcarrier market as follows:

Global Microcarrier Market: Product Segment Analysis

Equipment
Bioreactors
Culture Vessels
Filtration Systems
Cell Counters
Accessories
Consumables
Media
Reagents
Microcarrier Beads
Cationic Microcarriers
Collagen-coated Microcarriers
Others

Global Microcarrier Market: Application Segment Analysis

Vaccine Manufacturing
Cell Therapy
Other

Global Microcarrier Market: End-User Segment Analysis

Pharmaceutical and Biotechnology Companies
Research Institutes
CROs

Global Microcarrier Market: Regional Segment Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa