Press release
Magnetic Beads Market to Reach $ 4.2 Billion by 2028 | Industry CAGR of 12.41%
Magnetic Beads Market Research & Forecast Report 2023-2028
What are the growth prospects of the magnetic beads industry?
The global magnetic beads market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 12.41% during 2023-2028.
What is a magnetic beads?
Magnetic beads are manufactured from tiny particles of iron oxide, such as magnetite (Fe3O4), and utilized in molecular biology for easy and effective isolation of biomolecules. They comprise superparamagnetic properties that enable the beads to be separated in suspension and exhibit magnetic behavior in the presence of an external magnetic field. They are designed in layers around a polystyrene core made by free radical emulsion polymerization of styrene and acid monomer. They are functionalized with antigens, catalyzers, antibodies, proteins, or nucleic acids to bind bacteria, cells and viruses that can be separated with a magnetic separation rack. They assist in enhancing the efficacy of target detection, pull-down assays, and protein-protein and protein-DNA interaction. Magnetic beads also aid in isolating nucleic acids and other biomolecules directly from crude samples without processing. They are used in cell separations, such as removing tumor cells from bone marrow and isolating lymphoid cells from peripheral blood. They are utilized in the purification of various biomolecules, such as genomic deoxyribonucleic acid (DNA), plasmids, mitochondrial DNA, ribonucleic acid (RNA), and proteins. They are employed for manual and automated standard immunoprecipitation (IP), co-immunoprecipitation (Co-IP), and chromatin immunoprecipitation (ChIP). They also find applications in immunodiagnostics, magnetic-activated cell sorting (MACS), and separating specific cells and organelles across the globe.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the magnetic beads market?
At present, there is a rise in demand for magnetic beads in immunoprecipitation as they cause less proteolytic damage compared to sepharose beads around the world. This, along with the growing demand for in-vitro tests among the masses due to reduced cost, increased accuracy, and higher output, represents one of the key factors influencing the market positively. Additionally, there is an increase in the sales of magnetic beads in hyperthermia therapies to help damage and kill cancer cells with little or no harm to normal tissues. This, coupled with the rising utilization of magnetic beads in cell manipulation, magnetic resonance imaging (MRI), and colloidal nanocrystals (CNs), is offering lucrative growth opportunities to industry investors. Apart from this, the growing adoption of magnetic beads in the clinical laboratory to analyze viral deoxyribonucleic acid (DNA) and ribonucleic acid (RNA) from serum, plasma, and other body fluids is offering a favorable market outlook. Moreover, technological advancements in the healthcare industry, such as nanomagnetic and radio-frequency induction treatments, are catalyzing the demand for magnetic beads. Some of the other growth-inducing factors are modified drug delivery, phosphopeptide development, and the escalating demand for magnetic beads in the biomedical industry.
Magnetic Beads Market 2023-2028 Competitive Analysis and Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global magnetic beads market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, magnetic core, size and application.
Breakup by Type:
Cells
Pathogenic Microorganisms
Nucleic Acids
Peptide
Protein
Others
Breakup by Magnetic Core:
Superparamagnetic
Ferrimagnetic
Breakup by Size:
Less than 5 μm
5-20 μm
20-40 μm
40 μm and Above
Breakup by Application:
Next-Generation Sequencing
Biomolecules Separation and Purification
Molecular and Immunodiagnostics
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
List of Major Key Players:
The major players in the market are
Advanced BioChemicals LLC
Bio-Rad Laboratories Inc.
Calbiotech Inc
MagBio Genomics Inc.
Merck KGaA
New England Biolabs
Promega Corporation
Qiagen N.V.
Thermo Fisher Scientific Inc.
Vazyme Biotech Co. Ltd.
Xiamen Zeesan Biotech Co. Ltd.
Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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