Press release
Magnetic Beads Market Growth, Size, Share, Industry Analysis, Trends, Top Segments, Top Key Players And Forecasts 2024-2033
Magnetic Beads Market Report
The Business Research Company offers in-depth market insights through Magnetic Beads Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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.
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Market Segmentation:
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
Major Driver - Government Initiatives Fuel Growth In The Magnetic Beads Market For Genetic And Microbiological Research
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.
Competitive Landscape:
Major companies operating in the magnetic beads market report are Thermo Fisher Scientific Inc, Merck KGaA, Bio-Rad Laboratories, Inc, Qiagen, Danaher Corporation, Miltenyi Biotec, Promega Corporation, Takara Bio Inc, Genscript Biotech Corporation, Bangs Laboratories Inc, Sinovac Biotech, Genor Bio Pharma, Shenzen Zhenhua Fu Electronics, Zhejiang Orient Gene Biotech Co. Ltd, Microgate, SunLord Electronics, Max Echo, Eurofins Abraxis, YAGEO Group, TAIYO YUDEN Co. Ltd, Alcon Scientific Industries, Teja Scientific Glass Works, Zeesan Biotech, Hemotune AG, NanoSyrinx, Pulmobiotics S. L, EnginZyme, Chain Biotech, Nuclera Nucleics, Phytoform Labs, Entelechon GmbH, Sloning BioTechnology GmbH, Siemens Healthineers Ukraine, TestLine Clinical Diagnostics s.r.o, Roche, Spherotech, CardioGenics, NEB, Rockland Immunochemicals
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Top Trend - Magnetic Beads Market Flourishes With Technological Advancements And Cutting-Edge Solutions
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 Table Of Content For The Market Report 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
…..
27. Magnetic Beads Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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