Microcarrier Market Growth 2022-2028: Increasing R&D Expenditure by Pharmaceutical and Biotechnology Companies and Development of Cell Therapy Industry

Global microcarrier market size is expected to reach USD 2.9 billion by 2028 and register a CAGR of 10.5% over the forecast period, according to the latest report by Reports and Data.

Market revenue growth is driven by key factors such as increasing R&D expenditure by pharmaceutical and biotechnology companies and rapid developments across cell therapy industry.

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Increasing demand for stem cell therapy coupled with rising prevalence of cancer across the globe is projected to drive microcarrier market growth. One of the leading drivers for microcarrier market growth is rising prevalence of diseases where cell therapy can be effectively applied. WHO estimates that the global burden of cancer is predicted to rise to 27.5 million new cases and 16.3 million deaths by 2040. Increasing funding for the biopharmaceutical industry and technological advancements in microcarrier development have also contributed to growth of the market. For instance, researchers from the Singapore-MIT Alliance for Science and Technology (SMART), have developed a novel microcarrier for large-scale cell production and expansion that provides higher yield and cost-effectiveness than conventional methods while reducing the number of steps needed in the cell retrieval process.

Market Overview:

The global Microcarrier market has significantly grown over the recent past and is expected to register rapid growth over the forecast period of 2021 to 2028. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Microcarrier market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.  

The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.

Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.

Top Companies Profiled in the Report:


Thermo Fisher Scientific, Corning, Merck, Sartorius, Danaher Corporation, Becton, Dickinson And Company, Eppendorf Ag, Lonza Group, Getinge Ab, Chemometec, Cesco Bioengineering, Himedia Laboratories, Esco Vaccixcell, Stemcell Technologies, Solida Biotech, Stobbe Pharma, Distek, Celltainer Biotech, G&G Technologies, and Tantti.

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Microcarrier Market Segmentation:

Product Outlook (Revenue, USD Billion, 2018–2028)

  • Consumables
    • Media
      • Sera/Serum-based Media
      • Serum-free Media
      • Other Media
    • Reagents
    • Microcarriers
      • Collagen-coated Microcarriers
      • Cationic Microcarriers
      • Protein-coated Microcarriers
      • Untreated Microcarriers
      • Other Microcarriers
  • Equipment
    • Bioreactors
      • Single-use Bioreactors
      • Stainless-steel Bioreactors
    • Culture Vessels  
    • Filtration and Separation Equipment
    • Cell Counters
    • Other Equipment

Application Outlook (Revenue, USD Billion, 2018–2028)

  • Biopharmaceutical Production
    • Vaccine Production
    • Therapeutic Protein Production
  • Cell and Gene Therapy
  • Tissue Engineering and Regenerative Medicine
  • Other Applications


Regional Outlook:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Some Key Highlights From the Report:

  • The market is segmented into consumables and equipment based on commodity. Among the product segments, consumables accounted for largest share in the global market in 2020.
  • The global microcarriers market is segmented based on application into vaccine production, cell therapy, and others. Vaccine production, among the application segments, accounted for largest revenue share in 2020.
  • The global microcarriers industry is segmented into pharmaceutical and biotechnology firms, research institutes, and contract research organisations (CROs) based on end-use. In 2020, pharmaceutical and biotechnology firms accounted for largest revenue share.
  • Due to increased cell therapy research, the North American microcarriers market is expected to account for the largest revenue share in 2028.
  • A similar pattern has been observed in the Asia Pacific region, where research funding has increased in tandem with the region's increased R&D expenditure.

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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