According to Data Bridge Market Research new Market report, global microcarrier market will account to an estimated USD 1208.77 million in 2018 growing at a CAGR of 5.9% during the forecast period of 2019 to 2026.
Global Microcarrier Market
Microcarrier is a matter that is used in the production of cells in a suspension. The culture of such cells is carried out in spinner flasks; this procedure is used for in the production and commercialization of cell population to be used in proteins and vaccines. There are a number of varied microcarriers available depending on the materials utilized for its production and the requirement of characteristics for the development of cells and cell culture.
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Global microcarrier market is segmented on the basis of product, application, end-user and geography.
By Product (Equipment, Consumables), Application (Vaccine Manufacturing, Cell Therapy, Other Applications), End-User (Pharmaceutical & Biotechnology Companies, Research Institutes, Contract Research Organizations) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN MICROCARRIER MARKET
High levels of R&D expenditure by the governments of various countries
According to OECD (Organisation For Economic Co-Operation And Development), there has been a rise in gross domestic expenditure on R&D for medical and healthcare from the governments of various countries, thereby having a positive effect on the growth of the market, it is expected to undergo a rise in its market value.
Few of the major competitors currently working in the microcarrier market are Fisher Scientific, Merck KGaA, GENERAL ELECTRIC, Danaher Corporation, Corning Incorporated, Lonza, Becton, Dickinson and Company, Eppendorf AG, HiMedia Laboratories and Sartorius AG.
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