Global magnetic beads market is estimated to witness tremendous growth over the coming years. Magnetic beads technology is gaining immense popularity across biopharmaceuticals industry for developing innovative solutions pertaining to life sciences. Besides, growing application of magnetic beads in bioassays for extraction of nucleic acids is also increasing the product demand.
Regionally, magnetic beads market in Asia Pacific recorded a significant valuation of over USD 340 million in 2020 and is expected to grow over time. The growth can be credited to thriving diagnostics and healthcare industry in the region. From the past few years, the region is observing a considerable rise in the adoption of in-vitro diagnostic technology which is positively influencing the demand for magnetic beads. This technology plays a key role in the diagnosis and treatment of several medical conditions including cancer and brain tumor.
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Based on the product type, cells & microbes segment is likely to record a lucrative growth rate of 12% through 2027 owing to increasing popularity of these magnetic beads. Cells & microbes type of magnetic beads include targeting cells particularly for depletion or selection by using ligands or antibodies and are attached on the external part of magnetic beads. In addition, magnetic sorting through magnetic beads has become a regular methodology for cell separation which is favoring the segment to a great extent.
Based on the application bifurcation, protein sample preparation & protein purification segment accounted for a sizeable market share of around 14% in 2020 and is anticipated to witness an appreciable growth over the forthcoming years. This can be attributed to the growing preference for protein sample preparation & protein purification using magnetic beads as they eliminate the need for additional reagents or equipment such as centrifuges or columns. In addition, magnetic beads are easy to track during different steps of protein purification processes which helps in expediting the procedure. This makes magnetic beads popular across various industrial applications. For instance, the U.S. based biotech firm GenScript offers AsmMag magnetic bead-based, antibody purification platform.
Based on end-use bifurcation, individual pathology labs are estimated to observe a robust CAGR of over 14% through 2027 owing to the availability of magnetic beads in these labs which helps in providing comprehensive, specific and accurate diagnosis. In addition, presence of physicians highly trained in the diagnosis and detection of diseases is supporting the segment growth further.
Well-known business players functioning in the magnetic beads market include Rockland Immunochemicals, Bangs Laboratories, Cytiva, Takara Bio, Merck, Qiagen, Thermo Fisher, Spherotech, Geneaid Biotech, GenScript, Bio-Rad Laboratories, Promega, New England Biolabs, and others. Business players are constantly working on launching new products in the market for maintaining their market presence and to stay competitive in the market.
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Partial Chapter of the Table of Content
Chapter 4 Magnetic Beads Market, By Type
4.1 Key segment trends
4.2 Cells & microbes
4.2.1 Market size, by region, 2016 – 2027
4.3 Nucleic acid
4.3.1 Market size, by region, 2016 – 2027
4.4.1 Market size, by region, 2016 – 2027
Chapter 5 Magnetic Beads Market, By Application
5.1 Key segment trends
5.2 Cell separation & expansion
5.2.1 Market size, by region, 2016 – 2027
5.3 Protein sample preparation & protein purification
5.3.1 Market size, by region, 2016 – 2027
5.4 IVD assay development
5.4.1 Market size, by region, 2016 – 2027
5.5 Nucleic acid isolation
5.5.1 Magnetic Beads Market size, by region, 2016 – 2027
5.6.1 Market size, by region, 2016 – 2027
5.7 Exosome analysis
5.7.1 Market size, by region, 2016 – 2027
5.8 Antibody purification
5.8.1 Market size, by region, 2016 – 2027
Chapter 6 Magnetic Beads Market, By End-use
6.1 Key segment trends
6.2 Healthcare facilities
6.2.1 Market size, by region, 2016 – 2027
6.3 Individual pathology labs
6.3.1 Magnetic Beads Market size, by region, 2016 – 2027
6.4 Research labs
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