Published Date: 30-Nov-2022
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According to a new report, published by KBV research, The Global Microcarriers Market size is expected to reach $2.4 billion by 2028, rising at a market growth of 11.9% CAGR during the forecast period.
The Media & Reagents segment is showcasing a CAGR of 14% during (2022 - 2028). During cell-based research and production processes, media and reagents are used extensively. The expansion of the market is primarily driven by continuous usage, replenishment, and diverse applications of microcarrier consumables. The demand is anticipated to surge further in the near future due to growing use by biopharmaceutical companies.
The Pharmaceutical & Biotechnology Companies segment acquired maximum revenue share in the Global Microcarriers Market by End-user in 2021 thereby, achieving a market value of $1.1 billion by 2028. The expansion of this market is primarily being driven by a number of drug development programmes, the expanding cell therapy market, rising R&D spending, and favorable government regulations. Additionally, these businesses are producing biologics as a result of the increased global awareness of the advantages of cell-based goods.
The Regenerative Medicine segment has shown the growth rate of 14.4% during (2022 - 2028). In contrast to the present clinical approach, which mostly focuses on treating the symptoms, regenerative medicine tries to replace tissue or organs that have been damaged by disease, trauma, or congenital abnormalities. The quantity of anchorage-dependent cells, including primary cells, can be easily increased and managed in culture on microcarriers to produce the numbers of cells required for therapeutic purposes.
The North America market dominated the Global Microcarriers Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $902.2 million by 2028.The Europe market is exhibiting a CAGR of 11.6% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 12.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/microcarriers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Thermo Fisher Scientific, Inc., Merck Group, Sartorius Stedim Biotech S.A. (Sartorius AG), Corning Incorporated, Bio-Rad Laboratories, Inc., Danaher Corporation, Eppendorf SE, HiMedia Laboratories Pvt. Ltd., and denovoMATRIX GmbH.
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