Magnetic Beads Market Growth, Trends and Regional Forecast 2021-2027

Magnetic Beads Market Growth, Trends and Regional Forecast 2021-2027

The magnetic beads market is poised to register appreciable gains over the coming years, owing to a rise in research and development activities across various regions.

Citing an instance, in December 2019, Redbud Labs disclosed new results that extend the menu of functional chemistries for its STR sample preparation chip. The new protocol surpassed both the benchtop microbead assay as well as the cartridge-based alternative.

In the new research, STR apprehended 94 per cent of targets in 5 minutes, in comparison with 81 per cent for the benchtop assay, and merely 9 per cent for an on-cartridge method without STR. Furthermore, STR also made it possible to achieve 1,000x faster performance, securing the capturing rate of a traditional on-cartridge method in an overnight incubation in merely one minute.

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Such advancements are set to boost industry demand through the anticipated period. On this note, the magnetic beads market size is estimated to surpass USD 4.4 billion by 2027, states the latest research by Global Market Insights, Inc.

Some of the key magnetic beads manufacturers comprise Geneaid Biotech, Rockland Immunochemicals, Bio-Rad Laboratories, Takara Bio, Cytiva, Thermo Fisher, Merck, Bangs Laboratories, New England Biolabs, and others.

Increasing investments in healthcare infrastructure development coupled with an upsurge in the adoption of in-vitro diagnostic technology will boost business expansion in the APAC. The Asia Pacific magnetic beads industry is expected to record a revenue of over USD 340 million in 2020.

This is mainly attributed to the surging adoption of magnetic beads for the diagnosis and treatment of numerous medical conditions comprising cancer and brain tumor.

The protein sample preparation and protein purification segment held nearly 14 per cent of the overall market share in 2020. Magnetic beads are easy to track and observe during various steps through the process of protein purification.

The process does not need additional reagents or equipment comprising columns or centrifuges and this is slated to push segmental progression over the anticipated period.

Moreover, numerous market players are also investing to accelerate protein purification workflows. For example, GenScript, a U.S. biotech company offers AsmMag magnetic bead-based, antibody purification platform and protein production.

Individual pathology labs offer comprehensive, specific, and accurate diagnosis by making use of magnetic beads. The presence of physicians having special training in the detection and diagnosis of diseases is expected to drive industry demand over the coming years.

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The individual pathology labs segment is estimated to depict a lucrative CAGR of 14 per cent through the projected period.

Cells and microbes are attached on the exterior of magnetic beads and comprise targeting cells primarily for the depletion or selection by deploying antibodies or other ligands. The cells & microbes segment is expected to witness a commendable CAGR of 12 per cent through 2027.

Magnetic sorting by deploying magnetic beads has become the routine methodology for the purpose of cell separation and the process of micro beads DNA extraction.

On the whole, the rising demand for magnetic beads in the biopharmaceuticals market for innovation in the field of life sciences is expected to augment magnetic beads market size through the forecasted span.

Partial Chapter of the Table of Content

Chapter 2   Executive Summary

2.1    Magnetic beads industry 3600 synopsis, 2016 – 2027

2.1.1    Business trends

2.1.2    Type trends

2.1.3    Application trends

2.1.4    End-use trends

2.1.5    Regional trends

Chapter 3   Magnetic Beads Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2016 – 2027

3.3    Industry impact forces

3.3.1    Growth drivers

3.3.1.1    Increasing application of magnetic beads in medical field

3.3.1.2    Rising preference for in-vitro diagnostic testing

3.3.1.3    Increasing funding for cell-based research by biotechnology companies and government bodies across the globe

3.3.1.4    Technological advancements in magnetic beads market

3.3.2    Industry pitfalls and challenges

3.3.2.1    High cost associated with genetic research in developing countries

3.4    Growth potential analysis

3.4.1    By type

3.4.2    By application

3.4.3    By end-use

3.5    COVID-19 impact analysis

3.6    Porter’s analysis

3.7    PESTEL analysis

3.8    Competitive landscape, 2020

3.8.1    Company matrix analysis, 2020

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