The global microcarrier market size was USD 1833.77 Million in 2021 and is expected to register a revenue CAGR of 10.3% during the forecast period, according to latest analysis by Emergen Research.
The global microcarrier market size was USD 1833.77 Million in 2021 and is expected to register a revenue CAGR of 10.3% during the forecast period, according to latest analysis by Emergen Research. Microcarriers are beads that support the growth and expansion of cells in suspension cultures. These carriers provide a three-dimensional (3D) surface to cells for proliferation, which is why they are used extensively in cell culture research. The use of microcarriers can increase the efficiency of cell proliferation by up to 10 times as compared to traditional flask culture methods, which is a key factor driving the growth of the market.
The rising prevalence of chronic diseases worldwide is one of the major factors fueling the growth of the microcarrier market. Increasing research and development activities for the development of new cell-based therapies for the treatment of chronic diseases are expected to drive market growth over the forecast period. For instance, in September 2020, researchers from the University of Southern California (USC) developed a new microcarrier-based technology that can be used for the efficient expansion of hematopoietic stem cells (HSCs). This new technology can be used for the treatment of blood disorders and cancer.
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The increasing investments in cell therapy research are also expected to drive market growth. For instance, in September 2020, the U.S. National Institutes of Health (NIH) awarded a grant of USD 3 million to the Wake Forest Institute for Regenerative Medicine (WFIRM) for the development of new microcarrier-based technologies for cell therapy applications. Moreover, the rising number of public and private cell therapy companies is expected to drive market growth over the forecast period.
High demand for scaling up cell production, especially for vaccine manufacturing, has led to an increased adoption of microcarriers. Hence, the growth of this market is directly linked with the advancement in cell culture technology. On 8 October 2021, Ministry of Health in Democratic Republic of the Congo (DRC) announced that the country will receive 4.5 million doses of vaccines from COVAX facility by end of this year. The shipment includes 2.25 million doses of Janssen’s adenovirus type 26 (Ad26) vaccine and 2.25 million doses of AstraZeneca’s ChAdOx1 nCoV-19 vaccine. These vaccines will be used to protect high-risk groups such as health workers and people aged over 65 years. Such initiatives are expected to create a demand for microcarriers, thereby propelling the market growth during the forecast period.
Some Key Highlights From the Report
- Some major companies in the global market report include Thermo Fisher Scientific, Cytiva, Merck KGaA, General Electric Company, Corning Incorporated, Danaher, Eppendorf SE, Sartorius AG, BD, and Lonza.
- The consumables segment accounted for a significant revenue share in 2021 owing to the growing demand for bioprocessing consumables and media in cell culture processes. The increase in demand can be attributed to the rising adoption of microcarriers among end users, as they offer a cost-effective alternative to traditional methods such as bottle or flask cultures. Furthermore, the unique properties of microcarriers, such as their ability to support high cell densities and maintain viability, have resulted in their widespread use across a range of industries, including biopharmaceuticals, cosmetics, and food and beverage.
- The biopharmaceutical production segment is expected to grow at the highest rate in the microcarrier market during the forecast period. The need for efficient and economies of scale technologies for biopharmaceutical production has driven the demand for microcarriers. The use of microcarriers allows scalable suspension culture, which is necessary for large-scale production of monoclonal antibodies (mAbs) and other biological drugs.
- The pharmaceutical & biotechnology companies segment is projected to grow at the highest CAGR during the forecast period due to the increasing demand for biopharmaceutical products and the growth of the pharmaceutical & biotech industry.
- The Asia Pacific microcarrier market is expected to grow at the highest CAGR during the forecast period owing to the expanding biopharmaceutical industry in the region. The region is home to some of the world’s leading biopharmaceutical companies, such as Celltrion and Samsung BioLogics, which are engaged in the development of innovative therapeutics. Furthermore, the region has witnessed a significant increase in investment by venture capitalists in biopharmaceutical startups, which is expected to boost the growth of the microcarrier market in the region.
- The North America region is expected to register the highest revenue CAGR during the forecast period. This can be attributed to the increasing prevalence of chronic diseases, such as cancer and diabetes, in the region. Moreover, the presence of leading cell therapy companies, such as Kite Pharma and Juno Therapeutics, in the region is expected to drive market growth.
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Emergen Research has segmented the global microcarrier market based on component, application, end-users, and region:
- Product Outlook (Revenue, USD Million; 2019-2030)
- Microcarrier equipment
- Filtration systems
- Culture vessels
- Bioreactors
- Cell counters
- Consumables
- Reagents
- Microcarrier beads
- Media
- Microcarrier equipment
- Application Outlook (Revenue, USD Million; 2019-2030)
- Cell & gene therapy
- Biopharmaceutical production
- Others
- End-Users Outlook (Revenue, USD Million; 2019-2030)
- Pharmaceutical & biotechnology companies
- Academic & research institutes
- Others
- Regional Outlook (Revenue, USD Million; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
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