Microcarriers Market: Growth, Size, Share, and Trends

This research study involved the extensive use of secondary sources, directories, and databases to identify and collect valuable information for the analysis of the global microcarriers market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and assess the growth prospects of the market. The global market size estimated through secondary research was then triangulated with inputs from primary research to arrive at the final market size.

Secondary Research

Secondary research was used mainly to identify and collect information for the extensive, technical, market-oriented, and commercial study of the microcarriers market. The secondary sources used for this study include the Centers for Disease Control and Prevention (CDC), Food and Drug Administration, World Health Organization (WHO), American Cancer Society, National Center for Biotechnology Information (NCBI), National Institutes of Health (NIH), BioProcessing Journal, International Bioprocessing Association, International Society for Cell & Gene Therapy, MDPI, National Science Foundation (NSF), BioProcess International Magazine, and Eurostat. Secondary sources also include corporate and regulatory filings (such as annual reports, SEC filings, investor presentations, and financial statements); business magazines and research journals; press releases; and trade, business, and professional associations. Secondary data was collected and analyzed to arrive at the overall size of the global microcarriers market, which was validated through primary research.

Primary Research

Extensive primary research was conducted after acquiring basic knowledge about the global microcarriers market scenario through secondary research. Several primary interviews were conducted with market experts from the demand side, such as pharmaceutical and biotechnology companies, CROs, CMOs, and academic & research institutes, and experts from the supply side, such as C-level and D-level executives, product managers, marketing & sales managers of key manufacturers, distributors, and channel partners. These interviews were conducted across six major regions, including the Asia Pacific, North America, Europe, Latin America, Middle East and Africa. Approximately 60% and 40% of the primary interviews were conducted with supply-side and demand-side participants, respectively. This primary data was collected through questionnaires, e-mails, online surveys, personal interviews, and telephonic interviews.

The following is a breakdown of the primary respondents:

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Bottom-up approach were used to estimate and validate the total size of the microcarriers market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

• A list of the major global players operating in the microcarriers market was generated.
• The revenues generated from their microcarriers product have been determined through annual reports, and secondary sources (including paid database)
• The products were mapped as per the segments of the market. Percentage shares, splits were determined based on the revenue contributed to each of the segments. This was verified using secondary sources and by industry experts
• All assumptions, approaches and individual shares/revenue estimates were validated through expert interviews.

Global Microcarriers Market Size: Bottom-up Approach and Top Down Approach

Data Triangulation

After arriving at the market size from the market size estimation process explained above, the total market was divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.