Press release
2025 Magnetic Beads Industry Trends Report: Long-Term Outlook Through 2034
Magnetic Beads
Magnetic Beads Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, there has been a swift rise in the market size of magnetic beads. The market is projected to experience an increase from $2.43 billion in 2024 to $2.73 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.2%. The significant market expansion during the historic period was driven by factors such as the COVID-19 pandemic, the rise in healthcare spending, and the fast-paced growth of the elderly population.
Magnetic Beads Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the magnetic beads market is projected to experience a swift expansion. A compound annual growth rate (CAGR) of 14.7% is anticipated, reaching a market size of $4.73 billion by 2029. Factors contributing to this projected growth in the forecast period include government-led initiatives championing genetic and microbiological research, the maturation of the medical technology domain, and the growing occurrence of chronic diseases. The anticipated trends for this time frame will see the development of innovative technological solutions, an emphasis on unveiling services that modify magnetic beads to heighten cell isolation, RNA or DNA extraction, and protein purification, plus the initiation of magnetic bead separation plates to improve the economic viability of nucleic acid testing.
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What Are the Drivers Transforming the Magnetic Beads Market?
The growth of the magnetic beads market is predicted to be spurred by government-led efforts in genetic and microbiological research during the projected period. The incorporation of advanced microbial genomics research into national plans by governments in different nations is anticipated to escalate the need for magnetic beads utilized in multiple genetic and microbiological studies. Illustratively, the Department of Health and Social Care, a UK government department, reported in December 2022 that NHS England had revealed its research and development program data in March 2022. This included a potential provision of up to £18 million ($19.41 million), subject to government approval. The objective of this funding is to augment the application of genomics and pertinent health data in research and innovation under the Genome UK initiative. Consequently, the magnetic beads market's growth is projected to be bolstered by these government-backed initiatives promoting genetic and microbiological research.
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What Long-Term Trends Will Define the Future of the Magnetic Beads Market?
The growth of technological innovation is becoming a popular trend in the magnetic beads industry. Major industry players are paying more attention to novelty and broadening their application range to boost their market position. For example, Thermo Fisher Scientific Inc., a healthcare firm from the US focusing on the production and design of reagents, supplies, and testing kits, is planning to launch Dynabeads Technology in October 2022. This technology features paramagnetic spherical polymer particles and is predominately used in the process of mRNA for manufacturing and vaccine development, as well as in the synthesis and purifying of mRNA, or carboxylic acid for RNA purification solutions.
Which Segments in the Magnetic Beads Market Offer the Most Profit Potential?
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
Subsegments:
1) By Cells Microbes: Bacterial Cells, Yeast Cells, Mammalian Cells
2) By Nucleic Acids: DNA Magnetic Beads, RNA Magnetic Beads, Plasmid DNA Magnetic Beads
3) By Proteins: Antibody-Conjugated Magnetic Beads, Enzyme-Conjugated Magnetic Beads, Peptide-Conjugated Magnetic Beads
4) By Other Types: Beads For Cell Separation, Beads For Protein Purification, Beads For Drug Delivery Applications
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Which Firms Dominate the Magnetic Beads Market by Market Share and Revenue in 2025?
Major companies operating in the magnetic beads market include 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, Zhejiang Orient Gene Biotech Co. Ltd, Eurofins Abraxis, 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
Which Regions Offer the Highest Growth Potential in the Magnetic Beads Market?
North America was the largest region in the magnetic beads market in 2024. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the magnetic beads market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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