The Magnetic Beads by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Magnetic Beads, The magnetic beads market size has grown rapidly in recent years. It will grow from $2.18 billion in 2023 to $2.46 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to covid-19 pandemic, increased healthcare expenditure, and rapid growth in the elderly population.
The magnetic beads market size is expected to see rapid growth in the next few years. It will grow to $4.1 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to government initiatives for genetic and microbiological research, growth in the medical technology sector, and increasing prevalence of chronic diseases. . Major trends in the forecast period include developing new technological solutions, focus on the launch of magnetic beads modification services to enhance cell isolation, rna/dna extraction and protein purification, and introduce magnetic bead separation plates for cost-efficient nucleic acid testing.
Government initiatives for genetic and microbiological research are expected to promote the growth of the magnetic beads market in the forecast period. Governments across various countries are implementing national plans for integrating advanced microbial genomics research which are expected to increase the demand for magnetics beads used in various genetics and microbiological research. For instance, in February 2021, the Australian Government Department of Health published a national plan for the integration of microbial genomics into the Australian public health system to improve national surveillance and response to communicable diseases, antimicrobial resistance and biothreat agents of clinical and public health importance. Therefore, supportive government initiatives for genetic and microbiological research are expected to promote the growth of the magnetic beads market.
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The magnetic beads market covered in this report is segmented –
1) By Type: Cells Microbes, Nucleic Acids, Proteins, Other Types
2) By End User: Healthcare Facilities, Individual Pathology Labs, Research Labs, Other End Users
3) By Magnetic Core: Superparamagnetic, Ferrimagnetic
4) By Application: Cell Separation And Expansion, Protein Sample Preparation And Protein Purification, IVD Assay Development, Nucleic Acid Isolation, Immunoprecipitation, Antibody Purification, Other Applications
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
The magnetic beads market report table of contents includes:
1. Executive Summary
2. Magnetic Beads Market Characteristics
3. Magnetic Beads Market Trends And Strategies
4. Magnetic Beads Market – Macro Economic Scenario
5. Global Magnetic Beads Market Size and Growth
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26. South America Magnetic Beads Market
27. Brazil Magnetic Beads Market
28. Middle East Magnetic Beads Market
29. Africa Magnetic Beads Market
30. Magnetic Beads Market Competitive Landscape And Company Profiles
Top Major Players:
- Thermo Fisher Scientific Inc
- Merck KGaA
- Bio-Rad Laboratories, Inc
- Qiagen
- Danaher Corporation
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