DUBLIN--(BUSINESS WIRE)--The "Microcarrier Market by Equipment (Bioreactor, Culture Vessels, Cell Counter, Filtration System), Consumables (Sera, Serum Free Media), Microcarriers (Cationic, Collagen, Protein coated), Application (Vaccines, Cell Therapy) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The microcarriers market is projected to reach USD 1.61 billion by 2023 from USD 1.2 billion in 2018, at a CAGR of 6%.
Growth in this market is driven by the rising demand for cell-based vaccines, technological advancements, and the availability of public and private funding for cell-based research. On the other hand, factors such as the high cost of cell biology research and limitations in the production of high-density cell culture are likely to hinder market growth to a certain extent.
Based on product, the microcarriers market is segmented into equipment and consumables. The equipment market is further segmented into bioreactors, culture vessels, cell counters, filtration devices, and accessories. The consumables market is subsegmented into media, reagents, and microcarrier beads. The consumables segment is expected to register the highest CAGR during the forecast period. The continuous consumption of various microcarrier beads, media, and reagents for different culture processes and applications is the key factor supporting the growth of this segment during the forecast period.
By application, the market is segmented into vaccine manufacturing, cell therapy, and other applications. The cell therapy segment is expected to register the highest CAGR during the forecast period due to the increasing demand for stem cell therapies and the need for scaling-up the production of stem cells.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Microcarriers Market, By Product
6 Microcarriers Market, By Application
7 Microcarriers Market, By End User
8 Microcarriers Market, By Region
9 Competitive Landscape
10 Company Profiles
- Becton, Dickinson and Company
- Danaher Corporation
- GE Healthcare (A Subsidiary of General Electric Company)
- Hi-Media Laboratories
- Lonza Group AG
- Merck KGaA
- Sartorius AG
- Thermo Fisher Scientific
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