Microcarrier Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Global Microcarrier Market: Overview
The transition from stainless-steel bioreactors to single-use bioreactors, as well as increased investment on research and development activities by biotechnology and pharmaceutical companies, are likely to drive growth of the global microcarrier market in the years to come. Rising demand for cell-based therapeutics and vaccines, the accelerated growth of the biologics and biosimilar sector, and increased research and development activities and financing for cell therapy research are all likely to benefit the global microcarrier market.
Many of the new biologics in the process of development are for indications that are dominated by small molecules and have a broad patient population. This means that biologics could make inroads into a number of non-traditional biologic disease areas in the near future and it could benefit from improved therapeutic efficacy. In addition to that, this creates room for the biosimilar industry to expand.
The “global microcarrier market” research makes an inclusion of main market segments such as equipment, consumables, microcarrier, application, end user, and regional markets. It also comprises a look at the current attractiveness of the global microcarrier market over the forecast timeframe of 2020 to 2030.
Global Microcarrier Market: Key Trends
Microcarriers assist in the development of cost-effective cells by minimizing both variable and fixed costs in large-scale production. The current situation has changed as a result of technological developments, and the importance of microcarriers in cell therapy has risen. Dissolvable microcarriers, for example, are presently available in the market and are made up of cross-linked polysaccharide polymers, which can be easily dissolved at the time of cell harvesting process. There is no need for separation since the microcarriers are fully dissolved, and the downstream process runs smoothly. As a result, these microcarriers are thought to be useful beads for large-scale cell therapy or cell production.
Cell culture is becoming a more important aspect of vaccine development in the pharmaceutical industry. Previously, vaccines were produced by cultivating and extracting viruses in chicken eggs, which was a lengthy process. Due to its ability to manufacture vaccines in greater quantities as required and shorter lead time, cell-based vaccine development has emerged as a much more efficient approach in this regard. Clinical studies have shown that cell-based vaccines are as reliable, healthy, and efficacious as egg-based vaccines, in addition to these advantages. These benefits are likely to foster growth of the global microcarrier market over the analysis timeline.
Global Microcarrier Market: Competitive Assessment
A number of companies are prioritizing various stages of organic development, such as brand releases, patents,product approvals, and research and development activities. Acquisitions, alliances, and agreements are all considered inorganic growth strategies in this sector.
Some of the well-known players in the global microcarrier market are listed below:
Global Microcarrier Market: Regional Assessment
The global microcarrier market is likely to be led by the North America. This is primarily due to the region's growing gene and cell therapy research, as well as the programs that support it. The American Society of Gene and Cell Therapy, for example, is responsible for financing research and is also pushing biotech and biopharmaceutical firms to develop their R&D activities.
Furthermore, one of the major factors likely to drive the microcarrier market in North America region is the rapid and high growth of the biologics and biosimilars industry in the US.
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