Magnetic Beads Market Projected To Hit Magnetic Beads By 2027 | Growth With Recent Trends & Demand

Magnetic bead is a tool that rotates and generates stirring action when immersed in appropriate liquid. It is incorporated for effective separation of micrometer-sized para-ferromagnetic and ferromagnetic particles from chemical or biological suspensions. In addition, magnetic beads are used for extraction of DNA and RNA as well as for co-extraction of DNA and RNA from sputum.

The global magnetic beads market forecast was valued at $1.1 billion in 2019, and is projected to reach $2.6 billion by 2027, growing at a CAGR of 12.1% from 2020 to 2027.

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Magnetic beads embedded with magnetic nanoparticles in a suitable matrix are used in diagnosis and therapeutic application in the medical sector. Moreover, they are used for purification of cells, protein, nucleic acid, and other molecules in proficient and precise manner. Magnetic beads are available in different sizes, chemical composition, and shapes depending upon type of application. They are widely adopted for bio-separation process by coating them with specific ligands for targeting molecule and cell.

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The growth of the global magnetic beads market is majorly driven by surge in adoption of magnetic beads in life science applications, including molecular biology, immunoassays, and medical applications. In addition, alarming rise in acute respiratory infections (ARIs) is increasing the susceptibility of developing severe diseases, such as pneumonia. Pneumonia, in turn, leads to high morbidity and mortality rates among children. Thus, development of effective way for diagnosis and providing timely treatment has increased the burden on healthcare system. Nucleic acid amplification is widely adopted diagnosis method for detection of respiratory tract infections and ARIs.

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The global magnetic beads market analysis is done based on magnetic core, size, application, and region. Depending on magnetic core, the market is segmented into ferrimagnetic and superparamagnetic. By size, it is fragmented into less than 5um, 5-20 um, 20-40 um, and 40 um &above. The applications covered in the study include sample preparation, biomolecules separation & purification, molecular & immunodiagnostics, and others.Region wise, the magnetic beads market is studied across North America, Europe, Asia-Pacific, and LAMEA.

COVID-19 scenario analysis:

► The COVID-19 pandemic has negatively affected the global economy and is subsequently shrinking the GDP, thereby changing consumer spending patterns globally.
► Large-scale testing of coronavirus infection by using RT-qPCR and RT-LAMP requires the use of magnetic beads, and these magnetic beads that are made up of in-house reagents and are performed in 96-well plates supporting large-scale testing.
► Current standard testing for SARS-CoV-2 detection is based on viral RNA extraction method. In addition, other test methods such as nucleocapsid (N), envelope protein (E), S glycoprotein (S), or RNA-dependent RNA polymerase (RdRp) are used for detection of large-scale samples. Thus, the need for commercial RNA extraction kits is increasing significantly, which, in turn, has augmented the demand for magnetic beads market during the pandemic.
► Product development of magnetic beads for detection of COVID-19 infection has pushed the demand for global magnetic beads market during this global crisis. For instance, in October 2020, Now Norwegian University of Science and Technology developed a highly sensitive and efficient test method for COVID-19 infection detection that uses magnetic nanoparticles to extract viral RNA.

Key Market Players:

► MagBio Genomics
► New England BioLabs Inc
► Alcon Scientific Industries
► Promega Corporation
► Advanced BioChemicals (ABC)
► Zeesan Biotech Co. Ltd
► Thermo Fisher Scientific Inc
► Teja Scientific Glass Works
► Calbiotech
► Vazyme Biotech Co. Ltd

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