PUBLISHER: The Business Research Company | PRODUCT CODE: 1249076
PUBLISHER: The Business Research Company | PRODUCT CODE: 1249076
Contact us about how to customize the report with add-on data.
“Magnetic Beads Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on magnetic beads market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for magnetic beads? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The magnetic beads market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Companies Mentioned: Thermo Fisher Scientific Inc.,; Merck KGaA; Bangs Laboratories Inc.,; Spherotech Inc.,; GenScript
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Major players in the magnetic beads market are: Thermo Fisher Scientific Inc., Merck KGaA, Bangs Laboratories Inc., Spherotech Inc., GenScript, Bio-Rad Laboratories Inc., New England Biolabs, Rockland Immunochemicals Inc., Promega Corporation, Qiagen N.V., Zeesan Biotech Co. Ltd., CardioGenics Inc., MiltenyiBiotec, Ferrotec (USA) Corporation, Eurofins Technologies, micromodPartikeltechnologie GmbH, MagQu Co. Ltd., Advanced BioChemicals LLC, Calbiotech Inc., Takara Bio, Cytiva, Teja Scientific Glass Works, Alcon Scientific Industries., TAIYO YUDEN Co. Ltd., YAGEO, Laird PLC, Abraxis, Max Echo, Sunlord, Microgate, and Zhenhua Fu Electronics.
The global magnetic beads market grew from $1.95 billion in 2022 to $2.24 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The magnetic beads market is expected to grow to $3.84 billion in 2027 at a CAGR of 14.4%.
The magnetic beads market consists of sales of Carboxylate-modified magnetic beads, amine-blocked beads, oligo(dT)-coated magnetic beads, and streptavidin-coated magnetic beads.Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Magnetic beads refer to a type of device made up of superparamagnetic iron oxide particles as small as 20 to 30 manometers in size in which a functional carboxylic group covers an iron-oxide core, which then binds to nucleic acid and is used for separating biomolecules such as DNA and RNA quickly and effectively.
North America was the largest region in the magnetic beads market in 2022. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the magnetic beads market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of magnetic beads are cells, pathogenic microorganisms, nucleic acids, peptide and protein. Protein magnetic beads are used in the purification of epitope-tagged proteins. Protein purification directly from cell lysates is possible with the magnetic protein purification method, which eliminates the need for centrifugation and simplifies protein purification. The various magnetic cores are superparamagnetic and ferrimagnetic. Magnetic beads have applications in cell separation and expansion, IVD assay development, nucleic acid isolation, immunoprecipitation and antibody purification. Major end-users of magnetic beads include healthcare facilities, individual pathology labs, and research labs.
Rising investment in genetic and microbiology research activities is significantly driving the growth of the magnetic beads market. Magnetic beads' superparamagnetic property qualifies them for a variety of analytical applications. Magnetic beads, in molecular biology, provide a simple and reliable method of purifying various types of biomolecules, including genomic DNA, plasmids, mitochondrial DNA, RNA, proteins, and other biomolecules. For instance, in December 2020, according to the World Health Organization, global health spending increased steadily between 2000 and 2018, reaching $8.3 trillion, or 10% of global GDP. Moreover, because of advancements in medical technologies, rising medical equipment prices in the health sector, and increased demand for medical services from the aging population, spending in the various countries is likely to rise. Hence, the increasing investment in genetic and microbiology research activities is expected to drive the magnetic beads market going forward.
Technological advancement is a key trend gaining popularity in the magnetic beads market. The key players in the magnetic beads market are focusing on innovation and expanding their scope of application to gain market share. For instance, in October 2022, Thermo Fisher Scientific Inc., a US-based healthcare company specializing in the development and manufacturing of reagents, kits, consumables, and testing kits, will introduce Dynabeads Technology. Dynabeads technology, consisting of paramagnetic spherical polymer particles, is primarily used in messenger RNA (mRNA) for the synthesis and purification of mRNA for manufacturing and vaccine development, or carboxylic acid for RNA purification solutions.
In January 2020, Abcam plc, a UK-based healthcare company specializing in the design, development, manufacturing, and marketing of life science protein research tools, acquired Expedeon for an amount of €120 million ($124.65 million). Through this acquisition, Abcam's conjugation and testing skills are being expanded as part of its growth strategy to better fulfill the growing demand for antibody conjugation and multiplexing solutions, thanks to Expedeon's range of products and technology and Abcam's competencies in antibodies and proteins. Expedeon is a Germany based healthcare technology company pioneering in innovative and cutting-edge tools and services for the life sciences and diagnostics.
The countries covered in the magnetic beads market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The magnetic beads market research report is one of a series of new reports from The Business Research Company that provides magnetic beads market statistics, including magnetic beads industry global market size, regional shares, competitors with a magnetic beads market share, detailed magnetic beads market segments, market trends and opportunities, and any further data you may need to thrive in the magnetic beads industry. This magnetic beads market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.