Magnetic Beads Market Size, Share, Growth, and Industry Analysis, By Grade (Cells, Pathogenic Microorganisms, Nucleic Acids, Peptide, Protein and Others), By Application (Cell Separation & Cell Expansion, Exosome Analysis, Protein Sample Prep & Protein Isolation, Ivd Assay Development, Nucleic Acid Isolation and Others), and Regional Insights and Forecast to 2031

Updated On: 22 April 2024

magnetic beads market Report Overview

• 

• Request a Free Sample to learn more about this report

The global magnetic beads market size was USD 1362.42 million in 2021 and is expected to reach USD 2028.38 million by 2027, exhibiting a CAGR of 6.86% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the magnetic beads market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Magnetic beads are small spherical particles that have a magnetic core and a surface coating that allows them to bind to specific molecules. They are widely used in biomedical and biotechnology applications, such as DNA extraction, cell separation, immunoassays, drug delivery, and biosensors. They have superparamagnetic properties, which means they only behave like magnets when an external magnetic field is applied. This makes them easy to separate and manipulate in suspension.

They can be classified into different types based on their core material, size, shape, and surface chemistry. The core material can be iron oxide, ferrite, or alloy. The size can range from nanometers to micrometers. The shape can be spherical, rod-like, or irregular. The surface chemistry can be modified with various functional groups, such as carboxyl, amine, streptavidin, biotin, antibody, or aptamer. These factors determine the magnetic properties, biocompatibility, stability, and specificity of them.

COVID-19 Impact: Pandemic Increased the Market Demand

The COVID-19 pandemic has had a significant impact on the magnetic beads market share. The pandemic has created a huge demand for them in various fields, especially in diagnostics and research. They are used to isolate and detect viral RNA from patient samples, as well as to develop vaccines and therapeutics against the novel coronavirus. They offer several advantages over conventional methods, such as high specificity, efficiency, speed, scalability, automation, and low cost. The pandemic has also stimulated innovation and collaboration among researchers and companies in the field, leading to new products and applications.

Latest Trends

"Development of Multifunctional Magnetic Beads is expected to Fuel the Growth in the Market"

One of the recent trends in the market is the development of multifunctional magnetic beads that can perform multiple tasks simultaneously. For example, researchers have designed them that can capture, concentrate, and release target molecules in a controlled manner. These beads can also be used for imaging, sensing, and actuation purposes. Another example is the fabrication of them that can respond to different stimuli, such as light, temperature, pH, or electric fields. These beads can be used for smart drug delivery systems, bioseparation, and biosensing applications.

magnetic beads market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Grade

According to type, the market can be segmented into Cells, Pathogenic Microorganisms, Nucleic Acids, Peptide, Protein and Others.

• By Application

Based on age, the market can be divided into Cell Separation & Cell Expansion, Exosome Analysis, Protein Sample Prep & Protein Isolation, Ivd Assay Development, Nucleic Acid Isolation and Others.

Driving Factors

"Increasing Demand for Them in Biotechnology and Biomedical Applications to Foster the Market Growth"

They offer several advantages over conventional methods, such as high specificity, efficiency, speed, scalability, automation, and low cost. They are widely used for nucleic acid extraction, protein purification, cell separation, immunoassays, drug delivery, and biosensors. The growing need for rapid and accurate diagnosis and treatment of various diseases, such as cancer, infectious diseases, genetic disorders, and autoimmune diseases, is fueling the demand for them in these fields.

"Technological Innovation and Advancement in Magnetic Beads to Result in the Expansion of the Market"

Researchers are constantly developing new types of magnetic beads with improved properties and functionalities. For example, researchers have created magnetic beads with enhanced magnetization, biocompatibility, stability, and surface modification. These beads can improve the performance and reliability of various applications. Moreover, researchers are exploring new ways to synthesize magnetic beads with different shapes, sizes, compositions, and structures. These beads can offer novel features and capabilities for various purposes.

Restraining Factors

"Regulatory and Ethical Issues Associated to Hamper the Market Growth"

They are considered as medical devices or biological products that require strict approval and regulation by various authorities. The process of obtaining approval can be time-consuming, costly, and uncertain. Moreover, some applications of them may raise ethical concerns regarding the safety and privacy of human subjects. For example, some people may object to the use of them for gene editing or brain stimulation purposes.

magnetic beads market Regional Insights

• 

• Request a Free Sample to learn more about this report

"North America to lead the market owing to a well-established healthcare infrastructure "

The North America region has shown the highest magnetic beads market growth. North America has a well-established healthcare infrastructure and a high level of research and development activities in biotechnology and biomedical fields contributing to such growth. North America has a large number of key players in the market, such as Thermo Fisher Scientific (US), Merck KGaA (Germany), Bio-Rad Laboratories (US), GenScript (US), New England Biolabs (US), and others.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market  "

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Bang Laboratories (U.S)
• Promega (U.S)
• Thermo Fisher Scientific (Dynal) (U.S and Norway)
• GenScript (U.S and China)
• Rockland (U.S)
• Bio Rad (U.S)
• CardioGenics (Canada)
• Miltenyi Biotec (Germany, U.S, and China)
• Qiagen (Netherlands, Germany, and U.S)
• Spherotech (U.S)
• Merck Millipore (Germany, U.S, and France)
• Micromod (Germany)
• Abraxis (U.S)
• Geneaid Biotech (Taiwan)
• Takara (Clontech) (Japan and U.S)
• NEB (U.S and UK)

Report Coverage

This report examines an understanding of the magnetic beads market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.