Magnetic Beads Market to grow at a CAGR of 11.68% from 2022 to 2027; Rising use of solid-phase magnetic beads technology to be a major trend in the market. - Technavio

NEW YORK, June 21, 2023 /PRNewswire/ -- The global magnetic beads market size is estimated to increase by USD 1,672.62 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 11.68% during the forecast period. The growing usage of solid-phase magnetic beads technology is the primary trend in the global magnetic beads market. Solid-phase magnetic beads are increasingly used to separate nucleic acids from complex mixtures. The solid-phase magnetic beads use paramagnetic beads that selectively bind biomolecules. This technology supports applications like next-generation sequencing (NGS), Sanger sequencing, quantitative polymerase chain reaction, droplet digital PCR, and microarrays. Hence, the growth of nucleic acid isolation and detection to process more samples in less time, minimize nucleic acid loss degradation and increase laboratory efficiency and effectiveness will accelerate the demand for solid-phase magnetic bead technology. 

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Magnetic beads market – Vendor Analysis
Vendor Landscape - The global magnetic beads market is fragmented with the presence of several global as well as regional vendors. A few prominent vendors that offer magnetic beads in the market are Advanced BioChemicals LLC, Agilent Technologies Inc., AMS Biotechnology Europe Ltd., Bangs Laboratories Inc., BioChain Institute Inc., CD Bioparticles, Cytiva, Galenvs Sciences Inc., Miltenyi Biotec B.V. and Co. KG, New England Biolabs Inc., Omega Bio tek Inc., Promega Corp., RayBiotech Life Inc., Rockland Immunochemicals Inc., SuZhou NanoMicro Technology Co. Ltd., Takara Bio Inc., Vazyme Biotech Co. Ltd., Vector Laboratories Inc., Xiamen Zeesan Biotech Co. Ltd., and Zymo Research Corp. and others.

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Vendor Offerings -

• Advanced BioChemicals LLC - The company offers magnetic beads that consist of a uniform solid core consisting of iron oxide clusters and a hydrophilic functionalized cover layer.
• Bangs Laboratories Inc. - The company offers magnetic beads to purify biomolecules such as DNA, RNA, and various proteins, etc.
• BioChain Institute Inc. - The company offers magnetic beads for its convenience and eco-friendly procedure, where the whole process is performed at room temperature with no hazardous organic solvents.
   
• For details on the vendor and its offerings – Request a sample report

Magnetic Beads Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on application (cell separation, IVD assay development, and others), type (ferrimagnetic and superparamagnetic), and geography (North America, Europe, Asia, and Rest of World (ROW)). 

• The market share growth by the cell separation segment will be significant during the forecast period. The growth can be attributed to factors such as the rising adoption of cell separation applications in research and clinical applications, the augmenting use of cell separation in cancer research, and the high prevalence of human immunodeficiency virus/ Acquired immunodeficiency syndrome (HIV/AIDS). The growth of the biotechnology and pharmaceutical industries globally drives the growth of the demand for cell separation applications. This is due to the increasing number of protein and DNA, and RNA research activities, owing to a rise in the exploration and development of new biotherapeutics and pharmaceutical drugs. 

Geography Overview
By geography, the global magnetic beads market is segmented into North America, Europe, Asia, and Rest of World (ROW). The report provides actionable insights and estimates the contribution of all regions to the growth of the global magnetic beads market.

• North America is estimated to contribute to 37% of the growth of the global magnetic beads market during the forecast period. There is a rising demand for applications such as cell separation in the US, due to the rising adoption of cell-based assays for drug screening by pharmaceutical and biotechnology companies. The number of cell-based research activities that involve the use of cell separation products, such as the ddSEQ Single-Cell Isolator from Bio-Rad Laboratories is increasing. This results in facilitating the regional market during the forecast period.

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Magnetic Beads Market – Market Dynamics

Leading Drivers - 

The growing application of magnetic beads in the medical field is driving market growth significantly. Owing to their reputation as the most proven and powerful tool for several medical applications, magnetic beads are widely used in the medical field. For instance, the coupling of magnetic properties and the specific ligands in magnetic beads enables to efficiently separate and purify the cells, proteins, nucleic acids, and other molecules. Hence, the wide range of applications increases the demand for magnetic beads, which drives the market's growth during the forecast period.

Major challenges - 

Contamination issues of samples with residual magnetic beads are the primary challenge impeding the market growth. Cross-contamination can lead to the transmission of diseases or affect final products. Due to this reason, the sample contamination of fluorescence-activated cell sorting (FACS)-isolated cell-based products is a primary concern for regulatory authorities. To minimize contamination risks, line clearance is required in cell separators, as it eliminates all traces of previous samples, microbial and endotoxin contamination, and traces of harmful cleaning materials. Sometimes, researchers misidentify cell lines and use contaminated cells for experiments. Hence, such experiments can generate incorrect results, which can increase the cost of studies, which is a challenging factor for the growth of the market.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this Magnetic Beads Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the magnetic beads market between 2023 and 2027
• Precise estimation of the size of the magnetic beads market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the magnetic beads market across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of magnetic beads market vendors

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Table of Contents  

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global magnetic beads market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global magnetic beads market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Cell separation - Market size and forecast 2022-2027
• Exhibit 34: Chart on Cell separation - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Cell separation - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Cell separation - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Cell separation - Year-over-year growth 2022-2027 (%)

• 6.4 IVD assay development - Market size and forecast 2022-2027 
• Exhibit 38: Chart on IVD assay development - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on IVD assay development - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on IVD assay development - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on IVD assay development - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 47: Chart on Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 49: Chart on Comparison by Type
• Exhibit 50: Data Table on Comparison by Type

• 7.3 Ferrimagnetic - Market size and forecast 2022-2027
• Exhibit 51: Chart on Ferrimagnetic - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Ferrimagnetic - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Ferrimagnetic - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Ferrimagnetic - Year-over-year growth 2022-2027 (%)

• 7.4 Superparamagnetic - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Superparamagnetic - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Superparamagnetic - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Superparamagnetic - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Superparamagnetic - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 59: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027
• Exhibit 73: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 Canada - Market size and forecast 2022-2027
• Exhibit 85: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Advanced BioChemicals LLC 
• Exhibit 108: Advanced BioChemicals LLC - Overview
• Exhibit 109: Advanced BioChemicals LLC - Product / Service
• Exhibit 110: Advanced BioChemicals LLC - Key news
• Exhibit 111: Advanced BioChemicals LLC - Key offerings

• 12.4 Bangs Laboratories Inc. 
• Exhibit 112: Bangs Laboratories Inc. - Overview
• Exhibit 113: Bangs Laboratories Inc. - Product / Service
• Exhibit 114: Bangs Laboratories Inc. - Key offerings

• 12.5 BioChain Institute Inc. 
• Exhibit 115: BioChain Institute Inc. - Overview
• Exhibit 116: BioChain Institute Inc. - Product / Service
• Exhibit 117: BioChain Institute Inc. - Key offerings

• 12.6 CD Bioparticles 
• Exhibit 118: CD Bioparticles - Overview
• Exhibit 119: CD Bioparticles - Product / Service
• Exhibit 120: CD Bioparticles - Key offerings

• 12.7 Cytiva 
• Exhibit 121: Cytiva - Overview
• Exhibit 122: Cytiva - Product / Service
• Exhibit 123: Cytiva - Key offerings

• 12.8 Galenvs Sciences Inc. 
• Exhibit 124: Galenvs Sciences Inc. - Overview
• Exhibit 125: Galenvs Sciences Inc. - Product / Service
• Exhibit 126: Galenvs Sciences Inc. - Key offerings

• 12.9 Miltenyi Biotec B.V. and Co. KG 
• Exhibit 127: Miltenyi Biotec B.V. and Co. KG - Overview
• Exhibit 128: Miltenyi Biotec B.V. and Co. KG - Product / Service
• Exhibit 129: Miltenyi Biotec B.V. and Co. KG - Key news
• Exhibit 130: Miltenyi Biotec B.V. and Co. KG - Key offerings

• 12.10 New England Biolabs Inc. 
• Exhibit 131: New England Biolabs Inc. - Overview
• Exhibit 132: New England Biolabs Inc. - Product / Service
• Exhibit 133: New England Biolabs Inc. - Key offerings

• 12.11 Promega Corp. 
• Exhibit 134: Promega Corp. - Overview
• Exhibit 135: Promega Corp. - Product / Service
• Exhibit 136: Promega Corp. - Key offerings

• 12.12 RayBiotech Life Inc. 
• Exhibit 137: RayBiotech Life Inc. - Overview
• Exhibit 138: RayBiotech Life Inc. - Product / Service
• Exhibit 139: RayBiotech Life Inc. - Key offerings

• 12.13 SuZhou NanoMicro Technology Co. Ltd.
• Exhibit 140: SuZhou NanoMicro Technology Co. Ltd. - Overview
• Exhibit 141: SuZhou NanoMicro Technology Co. Ltd. - Product / Service
• Exhibit 142: SuZhou NanoMicro Technology Co. Ltd. - Key offerings

• 12.14 Takara Bio Inc. 
• Exhibit 143: Takara Bio Inc. - Overview
• Exhibit 144: Takara Bio Inc. - Business segments
• Exhibit 145: Takara Bio Inc. - Key offerings
• Exhibit 146: Takara Bio Inc. - Segment focus

• 12.15 Vazyme Biotech Co. Ltd. 
• Exhibit 147: Vazyme Biotech Co. Ltd. - Overview
• Exhibit 148: Vazyme Biotech Co. Ltd. - Product / Service
• Exhibit 149: Vazyme Biotech Co. Ltd. - Key offerings

• 12.16 Vector Laboratories Inc. 
• Exhibit 150: Vector Laboratories Inc. - Overview
• Exhibit 151: Vector Laboratories Inc. - Product / Service
• Exhibit 152: Vector Laboratories Inc. - Key offerings

• 12.17 Xiamen Zeesan Biotech Co. Ltd. 
• Exhibit 153: Xiamen Zeesan Biotech Co. Ltd. - Overview
• Exhibit 154: Xiamen Zeesan Biotech Co. Ltd. - Product / Service
• Exhibit 155: Xiamen Zeesan Biotech Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 156: Inclusions checklist
• Exhibit 157: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 158: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 159: Research methodology
• Exhibit 160: Validation techniques employed for market sizing
• Exhibit 161: Information sources

• 13.5 List of abbreviations 
• Exhibit 162: List of abbreviations

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