Microcarrier Market

Microcarriers Market worth $3.05 billion by 2029

The report "Microcarriers Market by Product (Equipment (Single Use Bioreactor, SSB, Cell Counter, Filtration), Consumables (Media, Reagent), Beads (Natural (Collagen), Synthetic (Polystyrene)), Application (Vaccine, CGT, Stem Cells) - Global Forecast to 2029", is projected to reach USD 3.05 billion by 2029 from USD  2.08  billion in 2024, at a CAGR of 8.0% during the forecast period of 2024 to 2029.  Some factors contributing to the growth of the global market include growing demand for advanced therapies such as cell and gene therapy due to increasing prevalence of cancer, and increasing demand for cell-based vaccines. Notwithstanding this, high cost of cell based research projected to impede market development.

Browse 761 market data Tables and 57 Figures spread through 557 Pages and in-depth TOC on "Microcarriers Market by Product (Equipment (Single Use Bioreactor, SSB, Cell Counter, Filtration), Consumables (Media, Reagent), Beads (Natural (Collagen), Synthetic (Polystyrene)), Application (Vaccine, CGT, Stem Cells) - Global Forecast to 2029"
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The consumable segment accounted for the largest share by product segment in the microcarriers market in 2023.

Based on product, the microcarriers market is segmented into consumables and equipment. Consumables segment dominated the market in 2023 and are expected to dominate the market in the forecast period. High growth of this segment is attributed to several factors such as increasing production and development of advanced biopharmaceuticals and growing focus on development of cell-based vaccines. Additionally, repeated purchase and requirement in bulk quantities of sera, media, and reagents for various microcarrier cell culture applications is driving the segment growth.

The biopharmaceutical production segment dominated by application in the microcarriers market in 2023 and is expected to grow in coming years.

Based on application, the microcarriers market is segmented into biopharmaceutical production, tissue engineering and regenerative medicine, and other applications. Biopharmaceutical production segment is further categorized into vaccine production and therapeutic protein productsion. Similarly, tissue engineering and regenerative medicine segment is divided into cell and gene therapy and other tissue engineering and regenerative medicine applications. The biopharmaceutical production segment accounted for the largest share of the microcarriers market in 2023 and is expected to grow at highest CAGR during the forecast period. The large share of biopharmaceutical production segment can be attributed to the rising prevalence of diseases and increasing government initiatives to develop monoclonal antibody drugs.

North America region accounted for largest share in the microcarriers market.

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are the six main regions into which the microcarrier market is divided. The majority of the microcarrier market is in North America. Numerous important variables contribute to this highest market's share in North America. The US Food and Drug Administration's growing approvals of cell and gene therapy, the presence of major market companies with microcarrier products, and rising R&D expenditures in the biopharmaceutical sector are a few of the contributing reasons. Furthermore, the expanding pharmaceutical sector in the area is probably going to help the microcarriers market in North America expand.

Key players in the microcarriers market include Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Merck KGaA (Germany), Sartorius AG (Germany), Corning Incorporated (US), FUJIFILM Holdings Corporation (Japan), BD (US), Eppendorf SE (Germany), Lonza (Switzerland), Getinge AB (Sweden), Bio-Rad Laboratories, Inc. (US), KURARAY CO., LTD. (Japan), Entegris (US), Teijin Limited (Japan), Asahi Kasei Corporation (Japan), Cellevate AB (Sweden), REPROCELL Inc. (Japan) denovoMATRIX GmbH (Germany), Bio-Link (China), bbi-biotech GmbH (Germany),  G&G Technologies, Inc. (US), Solida Biotech GmbH (Germany), Smart MCs PTY LTD (Australia), BIONET (Spain), and PBS Biotech, Inc. (US).

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Microcarriers Market Size,  Share & Growth Report
Report Code
BT 6423
PR Published ON
2/13/2025
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