Global Microcarrier Market was valued US$ XX Bn in 2018 and is expected to reach US$ 2.1 Bn by 2026, at a CAGR of around XX % during a forecast period.
Global Microcarrier Market The microcarriers small bead-like materials which support the growth of anchorage-dependent cells in Bioreactors. These microcarriers are widely used in the large-scale commercial production of cell-based vaccines and proteins. The report covers all the trends and technologies playing a major role in the growth of the Microcarrier market during the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during 2019-2026. The global microcarrier market is being driven by factors such as the increase in demand for proteins and cell-based vaccines drive the microcarriers market. Also, an increase in public and private funding and technological advancement drives the global market during the forecast period. However, the high cost of cell-based research and Limitations in high-density cell culture production is expected to restrain market growth. Additionally, technological advancement and significant innovations made in microcarriers are increasing growth opportunities for the market in an upcoming year. Based on application, the vaccine manufacturing segment is valued at US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026 at a CAGR of XX% during the forecast period. Owing to the increasing prevalence of diseases and also numerous pharmaceutical companies use other sources of mammalian cultures for different vaccine manufacturing process to treat various other diseases. North America region is expected to grow at a XX % market rate of CAGR during the forecast period owing to rising gene and cell therapy research in the region along with the associations that are supporting this research. The American Society of Gene and Cell Therapy is responsible for the funding of the research and also, this society is forcing the biopharmaceutical and biotech companies to improve their R&D.