Global Magnetic Beads Market – Industry Trends and Forecast to 2030

 Magnetic Beads Market Analysis and Size

The global market is primarily driven by significant growth in the biomedical industry. This, combined with increased investments and funding to conduct extensive research and development (R&D) activities in the fields of biotechnology and life science, is creating a positive outlook for the market. In line with this, the rapid spread of coronavirus disease (COVID-19) around the world has accelerated market growth. Aside from that, the rising demand for in-vitro diagnostics for clinical testing is positively influencing market growth.

Data Bridge Market Research analyses that the magnetic beads market which was USD 2.85 billion in 2022, is expected to reach USD 6.86 billion by 2030, at a CAGR of 11.60% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Magnetic Beads Market Scope and Segmentation  

Market Definition

Magnetic beads are iron oxide nanoparticles like magnetite nanoparticles with sizes of around 20 nm to 30 nm. These are widely used in the healthcare sector. The rising demand for in-vitro diagnostic testing is driving market growth due to its versatility and ability to provide quick results.

Global Magnetic Beads Market Dynamics

Drivers

• Rising favourable government standards

Magnetic beads market growth is expected to be boosted in the coming years by favorable government standards and policies in the United States. For instance, in vitro devices are defined in section 201(h) of the Federal Food, Drug, and Cosmetic Act, as are biological products under section 351 of the Public Health Service Act. Furthermore, healthcare spending in the United States is expected to rise as a result of advances in medical technology, rising medical equipment prices, and increased demand for medical services from an ageing population.

• Rise use of nanomedicines

Nanomaterials, such as magnetic beads, have physicochemical properties that differ from those of bulk materials, making them an ideal material for use in a variety of nanomedicine applications. Medical technological advancements have resulted in the emergence of nanomagnetic and radio-frequency induction treatments, which are expected to drive demand in medical applications. As a result, the increasing use of nanomaterials in tumour treatment is expected to boost market growth.

• Growing use of magnetic beads in research labs

The research labs are expected to account for more than 37.5% of the magnetic beads market in 2020. Increased research studies around the world to find new diagnostic and therapeutic methods will accelerate the use of magnetic beads, propelling segment growth. The growing number of research labs in developing regions will also boost market demand.

Opportunities

• Rising demand for healthcare products

The market for magnetic beads is expected to expand significantly due to the rising demand for healthcare products. For instance, ease of use, quick results, and direct-to-consumer testing all help to accelerate the adoption of in-vitro diagnostics. Furthermore, the growing trend of point-of-care (POC) outside the laboratory or at the patient's door, combined with the growing population and wide spread of chronic diseases, is expected to increase the use of magnetic beads.

Restraints/Challenges

• High-throughput processing

Magnetic beads are not open to high-throughput processing and are difficult to automate which will restrict the growth of magnetic beads market in the forecast period of 2023 to 2030.

This magnetic beads market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the magnetic beads market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Magnetic Beads Market

The global COVID-19 outbreak has increased demand for antibody test laboratories, clinical research labs, vaccine development labs, and in-vitro diagnostics facilities. Chronic disease blood sample testing and treatment have increased as people with chronic diseases like kidney disease or cancer are more vulnerable to the virus. This is also expected to increase the use of magnetic beads, positively impacting market growth.

Global Magnetic beads Market Scope

The magnetic beads market is segmented on the basis of product, type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Lead Magnetic Bead
• Lead Magnetic PC Bead
• SMD Multilayer Ferrite Chip Beads

Type

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

 Application

• Cell Separation and Cell Expansion
• Exosome Analysis
• Protein Sample Prep and Protein Isolation
• IVD Assay Development
• Nucleic Acid Isolation
• Others

End-User

• Bioresearch
• In-Vitro Diagnostics
• Others

Magnetic Beads Market Regional Analysis/Insights

The magnetic beads market is analyzed and market size insights and trends are provided by country, product, type, application and end-user as referenced above.

The countries covered in the magnetic beads market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the magnetic beads market due to the rising industrialization, technological advancements, increased demand from various sectors and presence of leading companies in the region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to the emerging market opportunities.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The magnetic beads market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for magnetic beads market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the magnetic beads market. The data is available for historic period 2011-2021.

Competitive Landscape and Magnetic Beads Market Share Analysis

The magnetic beads market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to magnetic beads market.

Some of the major players operating in the magnetic beads market are:

• TAIYO YUDEN Co. Ltd. (Japan)
• YAGEO (Taiwan)
• QIAGEN (Germany)
• Bio-Rad Laboratries, Inc. (U.S.)
• Abraxis (U.S.)
• Shenzen Zhenhua Fu Electronics (China)
• Thermo Fisher Scientific Inc. (U.S.)
• TDK (Japan)
• Murata Manufacturing Co., Ltd. (Japan)
• Chilisin (Taiwan)
• Bourns Inc. (U.S.)
• Merck KGaA (Germany)
• Samsung (South Korea)
• Tecstar (China)
• Fenghua (HK) Electronics Ltd. (China)

Research Methodology: Global Magnetic Beads Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report. 

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