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.
Growth Factors
Challenges
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 |
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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:
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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.
Author Credits: Radhika Pawar
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