The Global Microcarrier Market valued USD 1,682.6 million in 2021 and is estimated to USD 3,046.4 million by 2028, with a (CAGR) 10.4 % forecast period.
FrequentlyAsked Questions
The growing global disease burden has increased R&D activity with the goal of developing therapeutically effective drugs/vaccines, resulting in a need for microcarrier products. In addition, the growing requirement for therapeutically efficacious vaccines and pharmaceuticals is driving the worldwide microcarrier market, which has led to a growth in product demand for microcarriers.
According to the Market Research report, the Microcarrier Market was worth about 1,682.6 (USD million) in 2021 and is predicted to grow to around 3,046.4 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 10.4 percent.
During the projection period, North America dominated the global market. The region's leadership is due to increased R&D investments in cell and gene therapies, as well as the acceleration of vaccine development and production in the midst of the epidemic. In addition, the technological developments in company R&D led to increased utilization of microcarrier products.
Some of the main competitors dominating the Microcarrier Market include - Thermo Fisher Scientific, Merck KGaA, GE Healthcare, Danaher Corporation, Corning Incorporated, Lonza, Becton, Dickinson and Company, Eppendorf AG, HiMedia Laboratories, and Sartorius AG.
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