Magnetic Beads Market (Type - Cells, Pathogenic Microorganisms, Nucleic Acids, Peptide, Protein, and Others; Application - In-vitro Diagnostics, and Bioresearch; Magnetic Core - Super Paramagnetic, and Ferromagnetic): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

A recent report published by Infinium Global Research on the magnetic beads market provides in-depth analysis of segments and sub-segments in the global as well as regional magnetic beads market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional magnetic beads market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global magnetic beads market. According to the report, the global magnetic beads market is projected to reach USD 3 billion by 2027 from USD 2 billion in 2021, growing with a CAGR of 13% over the forecast period of 2021-2027.

Market Insight

A magnetic bead is an efficient tool that is used to generate stirring action after placing it in an appropriate liquid solution under a magnetic stirrer plate. Isolation of DNA or RNA is an utmost important process in the biochemical and diagnosis process. Acute respiratory infections are increasing mortality and morbidity rate among children. Thus, magnetic beads are widely used for the extraction of DNA and RNA sample that helps to analyze ARIs and help to reduce the risk associated with the infection. Additionally, downstream applications like detection, cloning, sequencing, hybridization, and cDNA synthesis are dispensed using magnetic beads. Clinical laboratory segments are widely adopting magnetic beads for analyzer kits that help to analyze viral DNA and RNA from serum, plasma, and other body fluids efficiently. In addition, nucleic acid properly binds on the surface of these beads and perfectly removes impurities such as salts and metabolites. Furthermore, magnetic beads that are used in biomedical applications are made up of magnetic material that is encapsulated in a polymer shell.

Increasing cell-based research studies is the major driving force of the magnetic beads market in the forecast period. This sort of magnetic beads involves targeting cells for depletion or selection using ligands or antibodies that are attached to the surface of magnetic beads and are directed against specific cell surface antigens. Magnetic cell manipulation is among the quality steps in several research fields like medicine, and tissue engineering, with basic and fundamental biomedical research, which is able to drive market growth. Furthermore, increasing investments in genetic and microbiology research activities are anticipated to will propel the market. Moreover, Magnetic beads cannot be used for high-level research processing and are difficult to operate which will restrain the growth of the magnetic beads market in the forecast period.

Based on region, the world Magnetic beads market has been segregated into North America, Asia Pacific, Europe, geographic area, and geographic area & Africa. North America has the largest global market of magnetic beads. The North American area is home to some of the world's largest genetic research institutes, resulting in high demand for magnetic beads. Magnetic beads have a high awareness and adoption rate in American hospitals and research laboratories, which will grow the market in the North American region. Furthermore, rising product usage for the detection and treatment of different medical diseases, such as cancer and brain tumors, is expected to increase product demand in the European region. The Asia Pacific is anticipated to carry the highest share of the worldwide magnetic beads market. The market within the region is anticipated to expand at a high rate of growth, as compared to the market in other regions, due to technological development, and rising adoption in hospitals & laboratories within the region.

Segment Covered

The report on the global magnetic beads market covers segments such as type, application, and magnetic core. On the basis of type, the sub-markets include cells, pathogenic microorganisms, nucleic acids, peptide, protein, and others. On the basis of application, the sub-markets include In-vitro diagnostics and bioresearch. On the basis of magnetic core, the sub-markets include super paramagnetic, and ferromagnetic.

Companies Profiled:

The report provides profiles of the companies in the market such as Advanced Biochemicals, Bio-Rad Laboratories Inc, Calbiotech , MagBio Genomics Inc., Merck KGaA, Thermo Fisher Scientific Inc., Promega Corporation, Qiagen N.V., Vazyme Biotech Co. Ltd., and Xiamen Zeesan Biotech Co.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the magnetic beads market. Moreover, the study highlights current market trends and provides forecasts from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.