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Magnetic Beads Market Size
Magnetic Beads Market size valued at USD 1.5 billion in 2020 and is poised to grow at over 13.3% CAGR between 2021 and 2027. Growing funding for cell-based research through private as well as public companies and government bodies will propel the market growth.
Also, rising focus of numerous market players on launching innovative and highly efficient magnetic beads will drive the overall market demand. Additionally, the COVID-19 pandemic has proven beneficial for the market expansion as the generally considered basic accessory of research labs, magnetic beads, have seen high surge in its use and thus in its demand.
In-vitro diagnostic field is evolving rapidly and is currently a dynamic market of healthcare sector. Magnetic beads are an important component of DNA/RNA extraction kits and sample preparation protocols in research laboratories. These magnetic beads act as a solid phase for attachment during the separation and purification processes. This is expected to propel the magnetic beads industry growth.
| Report Attributes | Details |
|---|---|
| Base Year: | 2020 |
| Market Size in 2020: | 1.5 Billion (USD) |
| Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 13.3% |
| 2027 Value Projection: | 4.5 Billion (USD) |
| Historical Data for: | 2016 to 2020 |
| No. of Pages: | 181 |
| Tables, Charts & Figures: | 212 |
| Segments covered: | Type, Application, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Major in-vitro diagnostic market players use magnetic particles in their complete automated analysers. The search for an improved medical care at lower costs is reshaping the entire healthcare industry. Use of high-quality magnetic beads in clinical sample preparation significantly increases the yield and concentration of target biomolecule. This helps in achieving more accurate results in easy and fast way.
Magnetic Beads Market Analysis
The cells & microbes segment value was around USD 400 million in 2020. This type of magnetic beads involves targeting cells for depletion or selection using ligands or antibodies that are attached on the surface of magnetic beads and are directed against specific cell surface antigens. Magnetic cell manipulation is among the standard steps in several research fields such as medicine, tissue engineering, along with basic and fundamental biomedical research, augmenting the segment growth.
The research labs segment is estimated to garner over 37.5% magnetic beads market share in 2020. Increasing research studies around the world for finding new ways of diagnostics and therapeutics will accelerate the use of magnetic beads, propelling the segment growth. Surging number of research labs in developing regions will also boost the market demand.
The immunoprecipitation segment is projected to witness around 14% growth rate during the forecast timeframe. Immunoprecipitation is a vital technique used in almost every scientific research studies. The increasing trend towards using magnetic beads as compared to Sepharose beads for immunoprecipitation owing to less chance for proteolytic damage increases its adoption.
North America magnetic beads market size is expected to expand at 13% CAGR through 2027. The regional growth is attributed to the rising investment in the cell-based and nucleic acid-based research activities triggering the regional progression. Rise in technological advancements along with increasing demand for in-vitro tests across the U.S. and Canada will further enhance the industry share in North America. The market revenue will also prosper owing to high awareness and adoption rate of magnetic beads in regional hospitals and research laboratories.
Magnetic Beads Market Share
Some of the prominent players functioning in the magnetic beads industry include:
- Thermofisher
- Merck
- Bangs Laboratories
- Qiagen
- Takara Bio
- Spherotech
- GenScript
- Bio-Rad Laboratories
- Promega
- Geneaid Biotech
- Rockland Immunochemicals
- New England Biolabs
- Cytiva among
These companies are undertaking several organic and inorganic growth strategies to capture a higher market share.
The market research report on magnetic beads includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:
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Market, By Type
- Cells & microbes
- Nucleic acid
- Proteins
- Others
Market, By Application
- Cell separation & expansion
- Protein sample preparation & protein purification
- IVD assay development
- Nucleic acid isolation
- Immunoprecipitation
- Exosome analysis
- Antibody purification
- Others
Market, By End-use
- Healthcare facilities
- Individual pathology labs
- Research labs
- Others
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
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