Magnetic Beads Market to Reach Value of US$ 6.7 Bn by 2032, Reveals TMR Analysis

News provided by

Dec 05, 2022, 07:09 ET

Rising adoption of in-vitro testing is projected to drive growth of the magnetic beads market, which is expected to expand at a CAGR of 15.5% during 2022-2032
The existence of sizable number of genetic research institutes in North America is prognosticated to fuel the regional market growth in the near future

WILMINGTON, Del., Dec. 5, 2022 /PRNewswire/ -- A research report by Transparency Market Research (TMR) states that the global magnetic beads market is prognosticated to reach a value of US$ 6.7 Bn by the end of 2032. Besides, the TMR review notes that the market for magnetic beads is expected to advance at a CAGR of 15.5% during the forecast period, from 2022 to 2032.

Companies are focusing on the development of highly effectual and distinctive magnetic beads. Moreover, several players are using the strategies of technology collaborations, new product launches, and alliances in order to maintain their prominent positions in the market. These efforts are likely to lead to overall growth of the market during the forecast period, note researchers at TMR.

Magnetic beads find application in varied industry verticals such as protein purification, magnetic-activated cell sorting (MACS), next-generation sequencing (NGS), and PCR testing. This broad application is prognosticated to fuel business opportunities in the market during the forecast period. This aside, a rise in the product use in the NGS procedures for nucleic acid purification and separation is foreseen to boost the future demand in magnetic beads market, according to TMR assessment.

The market players are expected to gain sizable business avenues in North America during the forecast period owing to several factors including the presence of numerous genetic research institutes in the region. Moreover, the regional market is being driven by a surge in the demand for in vitro testing in Canada and the U.S., notes TMR review.

Get Exclusive PDF Sample Copy of Magnetic Beads Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84768

Market Key Findings

Magnetic beads are gaining impetus in the recent years owing to their increased application in hyperthermia therapy, immunoassays, cell manipulation, DNA extraction, colloidal nanocrystal integration, and magnetic resonance imaging. Hence, this wide range of product application is boosting the market expansion, according analysis by TMR. This aside, a rise in investments in microbiology and genetic research projects across the globe is creating profitable prospects in the market for magnetic beads.
The demand for magnetic beads is projected to rise in the forthcoming years owing to many factors including variations in medicine distribution via medical care and phosphopeptide development. This aside, there has been increase in the product use in varied biological applications for implementing treatment and research methods. These factors are expected to create prominent business opportunities in the market in the near future, notes the magnetic beads market analysis by TMR.
The adoption of NGS technology is being rising in the recent years in the medical industry owing to their manifold advantages such as high sensitivity to detect low-frequency changes, large samples, and reduced turnaround time. Rise in the utilization of magnetic beads in the size selection of NGS technology is leading to lucrative avenues in the market.

Market Growth Boosters

Increase in the popularity of in-vitro testing worldwide is projected to drive the expansion of the magnetic beads market size during the forecast period
Surge in the prevalence of tumor and cancer across the globe is estimated to boost growth prospects in the global market for magnetic beads

Ask for References – https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=84768

Market Key Players

Some of the key players profiled in the report are:

Merck KGaA
Thermo Fisher Scientific Inc.
Spherotech, Inc.
Bangs Laboratories, Inc.
CardioGenics, Inc.
GenScript
Miltenyi Biotec
Bio-Rad Laboratories, Inc.
Eurofins Technologies
Ferrotec (USA) Corporation
New England Biolabs
Micromod Partikeltechnologie GmbH
Dynal Inc.
Rockland Immunochemicals, Inc.
Ferrofluidics
Promega
Magnetically Delivered Therapeutics Inc
Immunicon Corp

Magnetic Beads Market Segmentation

By Type

Immunoprecipitation
Cells
Pathogenic Microorganisms
Nucleic Acids
Peptide
Protein
Others

By Magnetic Core

Superparamagnetic
Ferrimagnetic

By Size

Less than 5 μm
5-20 μm
20-40 μm
40 μm and Above

By Application

Bioresearch
In-vitro Diagnostics
Others

By Region

North America
Latin America
Europe
APAC
MEA

Make an Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=84768

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Research Reports by Transparency Market Research:

In-vitro Toxicology Testing Market: In Vitro Toxicology Testing Market is anticipated to reach more than US$ 91.3 Bn by the end of 2031 and to grow at a CAGR of 13% from 2022 to 2031.

Mesenchymal Stem Cells Market: Mesenchymal Stem Cells Market is anticipated to reach more than US$ 16.4 Bn by the end of 2031 and to grow at a CAGR of 17.3% from 2022 to 2031

Hysteroscopy Procedures Market: Hysteroscopy procedures market is anticipated to reach more than US$ 9 Bn by the end of 2032 and to grow at a CAGR of 8.4% from 2022 to 2032.

Visualization Instruments for MIS Market: Visualization Instruments for MIS Market is projected to grow at a CAGR of 7.2% from 2022 to 2031 to reach more than US$ 21.0 Bn by 2031.

Dentures Market: Dentures market is anticipated to reach more than US$ 3.1 Bn by the end of 2032 and to grow at a CAGR of 9.3% from 2022 to 2032.

Near Infrared Imaging Market: Near Infrared Imaging Market is anticipated to reach more than US$ 785.1 Mn by the end of 2032 and to grow at a CAGR of 12.7% from 2022 to 2032.

Operating Room Integration Market: Operating Room Integration Market is anticipated to reach more than US$ 7.2 Bn by the end of 2031 and to grow at a CAGR of 13.9% from 2022 to 2032.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]