Magnetic Beads Market Size & Share, by Product (Lead Magnetic Bead, Lead Magnetic PC Bead, SMD Multilayer Ferrite Chip Beads); Type (Cells, Pathogenic Microorganisms, Nucleic Acids, Peptide, Protein); Application (Cell Separation and Cell Expansion, Exosome Analysis, Protein Sample Prep and Protein Isolation, IVD Assay Development, Nucleic Acid Isolation); End-User (Bioresearch, In-Vitro Diagnostics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5719
  • Published Date: Feb 22, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Magnetic Beads Market size is expected to reach USD  7 Billion by the end of 2036, growing at a CAGR of 11% during the forecast period, i.e., 2024-2036. In the year 2023, the magnetic beads crossed around USD 3 Billion. The market will have massive growth during the forecast period owing to the increasing demand for in-vitro testing worldwide. The in-vitro diagnostics sector globally is anticipated to touch an astonishing profit of USD 98.97 billion in 2024. This segment is projected to show a consistent yearly expansion rate (CAGR 2024-2028) of 2.72%, finally coming in a market volume of USD 110.20 billion by 2028. In vitro diagnostics (IVDs) can discover diseases, situations, and infections. In vitro easily signifies ‘in glass’, signifying these tests are typically executed in test tubes and equivalent gadgets, as opposed to in vivo tests, which are executed in the body itself.

Another reason behind the growth of the magnetic beads market is attributed to the increasing use of magnetic beads in the biomedical industry internationally. For instance, different immunomagnetic techniques dependent on magnetic beads have been researched to discover bacteria in samples. Escherichia coli (E.coli) bacteria have been secreted from ground beef samples implementing protein A-coated magnetic beads in the amalgamation of monoclonal antibodies for a technique of discovering the bacteria and in another example, a technique implementing polyclonal antibody-coated magnetic polystyrene beads in beach water had been verified. The most usual isolation technique for the isolation of cancer stem cells is with particular cell surface vaccines, like magnetic beads and fluorescence-enabled cell sorting. Spermatogonial stem cells were a subject enabled by five of the research papers, where different plating, particularly fluorescence-enabled cell sorting, and magnetic-enabled cell sorting emerged to be the foremost isolation techniques.


Magnetic Beads Market
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Magnetic Beads Market: Growth Factors and Challenges

Growth Factors

  • Increasing Use of Magnetic Beads in Medicated Wearables - Recently, health and fitness wearables have acquired recognition as platforms to wirelessly pursue daily physical activities, by reckoning steps, for instance, or recording heartbeats straight from the wrist. To accomplish this, inertial sensors involved in the skin capture the appropriate motion and physiological signals generated from the body. Skeletal muscles are responsible for almost all movement of the human body. When muscle fibers contract, the secreted forces travel through the tendons, pull the bones and eventually generate motion. To track and utilize these muscle reductions in real-time and with high signal quality, engineers at Massachusetts Institute of Technology (MIT) engaged low-prevalence magnetic areas – which pass tranquil through body tissues – to give precision and real-time transcutaneous sensing of muscle motion. They explain their process in Science Robotics.
  • Rapid Expansion in Molecular Biology Application -Information on the 3D framework of biological macromolecules (proteins, nucleic acids, and complicated macromolecular collections) is important for the mechanistic awareness of their function, fundamental cellular techniques, and inclusion in diseases, along with drug discovery. Constructional biology uses several processes like X-ray crystallography, nuclear magnetic reverberating spectroscopy, cryo-electron microscopy (cryo-EM), small angle X-ray dispersion, and computer modeling to decide the 3D framework of biological macromolecules at the atomic level. The data produced from structural biology research has applications in many fields beyond structural biology itself, like medicine, biotechnology, and agriculture.
  • The Increase in Research in Genetic and Microbiological  -Recently, microbiome research has appeared as an integral agent of all easy and intricate ecosystems. The vitality of microbial difference has closely impacted the adaptability of all life forms. The beginning of the word dark matter in microbial context was anticipated to infer the presence of the wide abundance of microbes which has not been sterile cultured and simultaneously, their presence is supported by metagenomic gene stocktaking. Recently, there are few techniques, which are being used to distinguish these microbes.

Challenges

  • The Magnetic Force of Magnetic Beads Decreases with The Distance -If conventional magnetic separators are utilized, the magnetic force is reliant on the distance to the magnet. Thus, beads at different distances from the magnet will experience non-uniform areas and forces. Some beads will stay in the magnetic saturation regime while other beads will go back and forth between weaker and ber magnetization areas. Moreover, beads away from the magnet are more difficult to attract because of the low magnetic force encompassing these beads. Contrarily, beads closer to the magnet experience huge forces for longer periods, resulting in bead aggregation, loss of bead activity, accumulation, and resuspension issues. When beads total, there is less workable bead surface area, the biomaterial-to-bead communication is decreased, and end-material workability becomes a real issue. More time-taking sonication and cleaning steps are required when this occurs. It is apparent that not only comprehending the component, but the technique as well, is essential to an organization’s bottom line and the constant good quality of the end product.
  • High Price of Magnetic Beads
  • Less Research and Development in This Field of Magnetic Beads

Magnetic Beads Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

∼11%

Base Year Market Size (2023)

~USD 3 Billion

Forecast Year Market Size (2036)

~USD 7 Billion

Regional Scope

  • North America (North America, Canada, Mexico)
  • Europe (Germany, Spain, UK, France, Italy, Russia, Others)
  • Asia Pacific (Japan, China, India, Australia, Others)
  • Middle East and Africa (South Africa, UAE, Others)
  • Latin America (Brazil, Argentina, Others)
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Magnetic Beads Segmentation

Application (Cell Separation and Cell Expansion, Exosome Analysis, Protein Sample Prep and Protein Isolation, IVD Assay Development, Nucleic Acid Isolation)

The IVD assay development segment in the magnetic beads market is expected to hold 50% of the revenue share by 2036, owing to the increasing investment in IVD assay development across the world. The COVID-19 epidemic has transformed the shapes of healthcare and has specifically induced seismic conversions inside the IVD industry. As the epidemic accumulated momentum, the requirement increased for not only quicker testing but also testing in higher volumes, with molecular assays, specifically the reverse-transcription polymerase chain reaction (RT-PCR), being acknowledged as the “gold standard” and the excellent confirmatory test for diagnosing the frequency, rate, and cyclicity of viral load. In Europe and the United States individually, the requirement for molecular diagnostic tests increased 20-fold between March and October 2020.

End-User (Bioresearch, In-Vitro Diagnostics)

The in-vitro diagnostics segment is predicted to hold 58% share of the global magnetic beads market share by the end of 2036. The increasing requirement for cellular study by different scientists and pharma organizations to decide physiological and chemical mechanisms inside a molecule is projected to deliver further magnetic beads market expansion. One of the recent instances is Bayer’s indication of collaboration with Shanghai Pharmaceuticals China in November 2023 to establish its first Chinese lab for CGT and cancer drug expansion. With lower R&D expansion costs than in progressed markets, countries such as China are becoming alluring markets for the growth of CGT and thus may appear as strong competitors of overseas-made CGT. Moreover, the product utilizes maximizing required laboratory processes, like isolation of bio-molecules, enzyme-connected immunosorbent assay (ELISA), and polymerase chain reaction (PCR) for developing copies of DNA samples is further projected to evolve in the area of biological research quickly. Thus, such technologies are possibly to witness encouraging expansion in the magnetic beads market during the anticipated period.

Our in-depth analysis of the global magnetic beads market includes the following segments:

            Product

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

           Type

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

           Application

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

           End-User

  • Bioresearch
  • In-Vitro Diagnostics

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Magnetic Beads Industry - Regional Synopsis

North American Market Forecast

The magnetic beads market in the North American region will have the highest growth during the forecast period and will hold a revenue share of roughly 48%. Constant exertions in the research and development of nanotechnology to discover possible applications in different end-use industries have increased the regional growth of the magnetic beads market. The Project on Emerging Nanotechnologies at the Woodrow Wilson International Center for Scholars launched The Nanotechnology Consumer Products Inventory recently. This is the first and only publicly attainable online inventory of nanotechnology consumer materials. The inventory recently comprises information on 212 manufacturer-recognized nanomaterials. This far surpasses the existing federal government-approved calculation of roughly 80 consumer products. Nanotechnology holds great assurance and is wired by many as the next industrial development. Medicine, food and cosmetics, agriculture and ecological health, and technology industries already benefit from nanotechnology creations, and their impact is projected to rise dramatically shortly.

European Market Statistics

The magnetic beads market in the European region will increase significantly during the forecast period owing to its demand for diagnostic and therapeutic solutions. The exceptional properties presented by magnetic beads as platforms for the community of Geno- and immuno-complexes make them worthy equipment for the growth of creative biosensors. Europe recently stressed the benefits acquired by integrating the components of magnetic beads with electrochemical discovery, offering quick and portable biosensing platforms appropriate for utilization in point-of-care and decentralized settings.

Research Nester
Magnetic Beads Market size
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Companies Dominating the Magnetic Beads Market

top-features-companies
    • Thermo Fisher Scientific Inc.
      • Company Overview
      • Business Planning
      • Main Product Offerings
      • Financial Execution
      • Main Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Merck KGaA
    • Bangs Laboratories Inc.
    • Spherotech, Inc
    • GenScript
    • CardioGenics Inc.
    • Bio-Rad Laboratories, Inc
    • Miltenyi Biotec
    • Ferrotec (USA) Corporation
    • Eurofins Technologies

In-the-news

In The News

  • Thermo Fisher Scientific, the global leader in helping science, has accomplished Good Manufacturing Practice (GMP) consent from the Italian Medicines Agency (AIFA) enabling the organization to manufacture RNA-depended products at its Monza, Italy site. The consent and related certification support enhanced the attainability of novel treatments for patients with difficult-to-treat situations, marking a substantial accomplishment within the Thermo Fisher Scientific network and for Italy as a complete.
  • Thermo Fisher Scientific launched a pangenomix array to assist population-scale disease studies and pharmacogenomics research. Earlier this year, scientists uncovered the first outline of the pangenome, dependent on full genetic sketches from 47 people worldwide to develop a more diverse depiction of the human genome1. To more precisely account for this richer picture of human genomic alteration, Thermo Fisher Scientific has created the new Axiom™ PangenomiX Array*, its biggest and most culturally different array to date, presenting excellent genetic coverage for population scale disease studies and pharmacogenomic research.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5719
  • Published Date: Feb 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing in-vitro testing across the world will majorly drive the market growth of the magnetic beads market.

The market size of the magnetic beads market is expected to get a CAGR of approximately 11% over the forecast period, i.e., 2024-2036.

The major players in the market are Termo Fished Scientific Inc., Merck KGaA, Bangs Laboratories Inc., Spherotech, Inc, GenScript, CardioGenics Inc., Bio-Rad Laboratories, Inc, Miltenyi Biotec, Ferrotec (USA) Corporation, Eurofins Technologies, Takara Bio, Tamagawa Seiki Co., Ltd., Medical and Biological Laboratories Co., Ltd., Precision System Science Co., Ltd.

The in-vitro diagnostics segment is anticipated to reap the largest market size with almost 58% by the end of 2036 and demonstrate substantial growth scopes.

The market in the North American region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
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