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Global Magnetic Beads Market Analysis By Major Manufacturers and Competitive landscape 2023-2032 | Thermo Fisher Scientific Inc., Merck KGaA, Bangs Laboratories Inc., Spherotech Inc., GenScript
Magnetic Beads Market Size
The Business Research Company's Magnetic Beads Global Market Report 2023 identifies Rising investment in genetic and microbiology research activities as the major driver for the magnetic beads market's growth in the forecast period. 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.
The global magnetic beads market size 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 size is expected to grow to $3.84 billion in 2027 at a CAGR of 14.4%.
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Major competitors 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.
A key trend in the magnetic beads market includes Technological advancement. 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.
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The magnetic beads market is segmented -
• By Magnetic Core: Superparamagnetic, Ferrimagnetic
• By Type: Cells, Pathogenic Microorganisms, Nucleic Acids, Peptide, Protein
• By Application: Cell Separation & Expansion, IVD Assay Development, Nucleic Acid Isolation, Immunoprecipitation, Antibody Purification
• By End-User: Healthcare Facilities, Individual Pathology Labs, Research Labs
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the magnetic beads market.
The Business Research Company's "Global Magnetic Beads Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Magnetic Beads Market Include:
1. Executive Summary
2. Magnetic Beads Market Characteristics
3. Magnetic Beads Market Trends And Strategies
4. Magnetic Beads Market - Macro Economic Scenario
5. Magnetic Beads Market Size And Growth
……
26. Africa Magnetic Beads Market
27. Magnetic Beads Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Magnetic Beads Market
29. Magnetic Beads Market Future Outlook and Potential Analysis
30. Appendix
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