Venture Capital
Andrea Alms Video: Money In Motion 42 - The Micro Carrier Market Part 2
February 2023 - Venture Capital
TRANSCRIPT:
Hello, my name is Andrea Alms. I'm technology investor and financial manager and this is your money in motion. On the last episode, I introduced the micro carrier market. After your feedback and popular request, I was asked about the application segment of this market. So here we go. As a quick recap on the last episode, a micro carriers are used in a bioreactor to make, for example, cell based vaccines for viral production.
Micro carrier beads are part of the manufacturing process. Upon averaging a few market reports, one could guesstimate the global market size is 1.5 billion USD if we averaged a growth rate. Best guess 8% Compound average growth rate. Back to the napkin guesstimates Consumables market is about 90 million of that consumable market. Best guess microbeads is about 60 million based on application.
The biggest revenue share of micro carrier comes from vaccine manufacture ring the growing frequency of infectious diseases, the increased need of micro monoclonal antibodies and the expansion of the biopharmaceutical enterprises are primarily the driver for this segment growth. Another advantage that micro carrier technology provides to biopharma industry in the manufacturing of vaccines is the ability to precisely control cell growth conditions in sophisticated computer controlled bioreactors, ease of scaling up a reduction in technician labor storage requirements and laboratory space from 2020 to 2027.
Vaccine manufacturing is expected to surge ahead. As for key developments, Thermo Fisher Scientific announced it was investing a nearly $24 million in its biologics site at Insane Scotland to boost its ability to manufacture cell culture. Media Clover biopharmaceutical chose GS Flex Factory Biomanufacturing platform for the production of a biological fusion protein product, including innovative drugs and biosimilars. The Edmond Dorf Group is expanding its production capacity at Oldenburg in Holstein site in Germany by building two additional production halls in Oldenburg.
Evan Dorf produces laboratory consumables made of high quality plastics such as pipettes, tubes, micro titer plates and single use bioreactor vessels. Thank you. This is your money, your money, in motion.