Magnetic Beads Market to Hit $10.2 Billion By 2030

The global Magnetic Beads market size is expected to be worth around US$ 10.2 billion by 2030, according to a new report by Vision Research Reports.

The global Magnetic Beads market size was valued at US$ 3.40 billion in 2020 and is anticipated to grow at a CAGR of 15.6% during forecast period 2021 to 2030.

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Report Coverage

Report Scope	Details
Market Size	US$ 10.2 Billion by 2030
Growth Rate	CAGR of 15.6% From 2021 to 2030
Base Year	2021
Forecast Period	2021 to 2030
Segments Covered	Application
Regional Scope	North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned	Thermo Fisher Scientific Inc.; Merck KGaA; Bangs Laboratories, Inc.; Spherotech, Inc.; GenScript; CardioGenics, Inc.; Bio-Rad Laboratories, Inc.; Miltenyi Biotec; Ferrotec (USA) Corporation; Eurofins Technologies; micromod Partikeltechnologie GmbH; New England Biolabs; Rockland Immunochemicals, Inc.; MagQu Co. Ltd.

Growth Factors

The growing product demand in various types of biological and genetic research processes is expected to drive the market over the forecast period. Magnetic beads are witnessing wide-ranging adoption in molecular biology applications owing to their reliability, easy-to-use property, and minimal processing requirement. It is mostly used to purify various types of biomolecules such as genomic DNA, plasmids, mitochondrial DNA, RNA, and proteins. Custom modifications in the product to comply with research needs are anticipated to support the market growth.

By Application Analysis

The in-vitro diagnostics application segment led the market with a revenue share of over 55.0% in 2020 and is likely to grow at a significant rate over the forecast period.

Increasing population, infectious and chronic diseases, and personalized care products are spurring the demand for healthcare products. Such trends are pushing medical device manufacturers and scientific laboratory experts to pursue in-vitro diagnostic methods by using magnetic bead technology.

Increasing access to diverse fields of experimental biology such as cell biology, biotechnology, biochemistry, genomics, immunology, and genetics is likely to witness an upsurge in related products during the forecast period.

Magnetic beads offer a suitable solution that could revolutionize a wide range of biological research by enhancing the efficacy of cell separation and isolation protocols,

By Regional Analysis

North America dominated the market and accounted for over 45.0% share of the global revenue in 2020. North America is home to some of the best genetic research facilities in the world and thereby generates a major demand for magnetic beads.

Europe emerged as the second-largest regional market for magnetic beads in 2020 owing to the increase in demand for diagnostics and therapeutic solutions due to rising health concerns

The Asia Pacific region is expected to grow at a significant pace over the forecast period owing to the rapid growth of the healthcare and diagnostics industries in the region.

Key Players

• Thermo Fisher Scientific Inc.
• Merck KGaA
• Bangs Laboratories, Inc.
• Spherotech, Inc.
• GenScript
• CardioGenics, Inc.
• Bio-Rad Laboratories, Inc.
• Miltenyi Biotec
• Ferrotec (USA) Corporation
• Eurofins Technologies
• micromod Partikeltechnologie GmbH
• New England Biolabs
• Rockland Immunochemicals, Inc.
• MagQu Co. Ltd.

Market Segmentation

• By Application
  • Bioresearch
  • In-vitro Diagnostics
  • Others
• Regiona
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.

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