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Magnetic Beads Market Overview 2022-2032: Estimated Market Size, Major Drivers and Lucrative Segments - By The Business Research Company
Magnetic Beads Market
In 2021, global sales of magnetic beads reached US$ 1.8 billion, with the in-vitro diagnostics segment leading in revenue generation, holding approximately 50% of the market share. The market has witnessed significant growth, with historical data showing a 12% CAGR from 2017 to 2021. This growth is attributed to technological advancements and the rising demand for in-vitro testing worldwide.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84768
Key Players and Market Developments
โข Thermo Fisher Scientific Inc.
โข Merck KGaA
โข Bangs Laboratories, Inc.
โข Spherotech, Inc.
โข GenScript
โข CardioGenics, Inc.
โข Bio-Rad Laboratories, Inc.
โข Miltenyi Biotec
โข Ferrotec (USA) Corporation
โข Eurofins Technologies
โข Micromod Partikeltechnologie GmbH
โข New England Biolabs
โข Rockland Immunochemicals, Inc.
โข Dynal Inc.
โข Promega
โข Ferrofluidics
โข Immunicon Corp
โข Magnetically Delivered Therapeutics Inc
Factors Driving Market Growth:
Technological Advancements: Magnetic beads find applications in a wide range of fields, including immunoassays, DNA extraction, cell manipulation, and magnetic resonance imaging, among others. Advancements in technology, such as hyperthermia therapy and colloidal nanocrystal integration, have expanded the scope of applications, thus driving market growth.
Growing Demand in Medical Applications: Magnetic beads play a crucial role in medical applications, including cancer diagnosis and treatment. The increasing incidence of cancer, particularly leukemia, has fueled demand for magnetic beads in cell separation, genetic testing, and isolation of DNA binding proteins.
Expanding Applications in Next-Generation Sequencing (NGS): Magnetic beads are widely used in NGS procedures for nucleic acid purification, separation, and size selection. The growing adoption of NGS technology in the medical industry, driven by its high sensitivity and short turnaround time, is expected to further boost market growth.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=84768<ype=S
Regional Analysis:
In 2021, North America accounted for the largest market share, approximately 46%, with a predicted CAGR of 13.3%. The region is home to prestigious genetic research institutes and experiences strong demand for in vitro testing from the healthcare industries of the United States and Canada. Rising investments in molecular and microbiological research are expected to create new opportunities for market growth in the region.
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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