Magnetic Beads Market 2023 | Industry Share, Growth, Trends, Size and Forecast 2028

According to the latest report by IMARC Group, titled, “Magnetic Beads Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global magnetic beads market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 12.41% during 2023-2028.

Magnetic beads are manufactured from tiny particles of iron oxide, such as magnetite (Fe3O4), and utilized in molecular biology for easy and effective isolation of biomolecules. They comprise superparamagnetic properties that enable the beads to be separated in suspension and exhibit magnetic behavior in the presence of an external magnetic field. They are designed in layers around a polystyrene core made by free radical emulsion polymerization of styrene and acid monomer.  They are functionalized with antigens, catalyzers, antibodies, proteins, or nucleic acids to bind bacteria, cells and viruses that can be separated with a magnetic separation rack. They assist in enhancing the efficacy of target detection, pull-down assays, and protein-protein and protein-DNA interaction. Magnetic beads also aid in isolating nucleic acids and other biomolecules directly from crude samples without processing. They are used in cell separations, such as removing tumor cells from bone marrow and isolating lymphoid cells from peripheral blood. They are utilized in the purification of various biomolecules, such as genomic deoxyribonucleic acid (DNA), plasmids, mitochondrial DNA, ribonucleic acid (RNA), and proteins. They are employed for manual and automated standard immunoprecipitation (IP), co-immunoprecipitation (Co-IP), and chromatin immunoprecipitation (ChIP). They also find applications in immunodiagnostics, magnetic-activated cell sorting (MACS), and separating specific cells and organelles across the globe.

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Global Magnetic Beads Market Trends and Drivers:

At present, there is a rise in demand for magnetic beads in immunoprecipitation as they cause less proteolytic damage compared to sepharose beads around the world. This, along with the growing demand for in-vitro tests among the masses due to reduced cost, increased accuracy, and higher output, represents one of the key factors influencing the market positively. Additionally, there is an increase in the sales of magnetic beads in hyperthermia therapies to help damage and kill cancer cells with little or no harm to normal tissues. This, coupled with the rising utilization of magnetic beads in cell manipulation, magnetic resonance imaging (MRI), and colloidal nanocrystals (CNs), is offering lucrative growth opportunities to industry investors. Apart from this, the growing adoption of magnetic beads in the clinical laboratory to analyze viral deoxyribonucleic acid (DNA) and ribonucleic acid (RNA) from serum, plasma, and other body fluids is offering a favorable market outlook. Moreover, technological advancements in the healthcare industry, such as nanomagnetic and radio-frequency induction treatments, are catalyzing the demand for magnetic beads. Some of the other growth-inducing factors are modified drug delivery, phosphopeptide development, and the escalating demand for magnetic beads in the biomedical industry.

Magnetic Beads Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • Advanced BioChemicals LLC
  • Bio-Rad Laboratories Inc.
  • Calbiotech Inc
  • MagBio Genomics Inc.
  • Merck KGaA
  • New England Biolabs
  • Promega Corporation
  • Qiagen N.V.
  • Thermo Fisher Scientific Inc.
  • Vazyme Biotech Co. Ltd.
  • Xiamen Zeesan Biotech Co. Ltd.

The report has segmented the market based on type, magnetic core, size and application.

Breakup by Type:

  • Cells
  • Pathogenic Microorganisms
  • Nucleic Acids
  • Peptide
  • Protein
  • Others

Breakup by Magnetic Core:

  • Superparamagnetic
  • Ferrimagnetic

Breakup by Size:

  • Less than 5 μm
  • 5-20 μm
  • 20-40 μm
  • 40 μm and Above

Breakup by Application:

  • Next-Generation Sequencing
  • Biomolecules Separation and Purification
  • Molecular and Immunodiagnostics
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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