What Is The Current and Historic Market Size Analysis Of Magnetic Beads Market?
The magnetic beads market has seen considerable growth due to a variety of factors.
• The market size for magnetic beads has seen a swift increase in the past few years. The market is projected to expand from $2.43 billion in 2024 to $2.73 billion in 2025, displaying a compound annual growth rate (CAGR) of 12.2%.
The rise in growth during the historic period is linked to factors such as the COVID-19 pandemic, augmented healthcare spending, and a rapidly aging population.
What are the Market Size and Expected Growth Rates for the Magnetic Beads Market?
The magnetic beads market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for magnetic beads is set to experience significant expansion in the coming years, with predictions of it reaching $4.73 billion by 2029, sporting a compound annual growth rate (CAGR) of 14.7%.
This forthcoming growth could be a result of factors such as increased government backing for genetic and microbiological studies, advancements in the medical tech industry, and the rising instances of chronic illnesses. Notable trends for this forecast period include spearheading novel tech solutions, prioritizing the introduction of services that modify magnetic beads to improve cell isolation and the extraction of RNA or DNA, and protein purification, as well as launching magnetic bead separation plates to make nucleic acid testing more cost-effective.
What Are The Leading Drivers Of Growth In The Magnetic Beads Market?
The forecasted growth of the magnetic beads market is predicted to be driven by government efforts supporting genetic and microbiological research. A rising global trend observed in several nations is the implementation of national plans aiming to incorporate advanced microbial genomics research, which is likely to increase the demand for magnetic beads in genetic and microbiology studies. For instance, the Department of Health and Social Care, a UK government agency, reported in December 2022 that NHS England revealed their research and development data in March 2022. This data included a prospective allocation of up to £18 million ($19.41 million), contingent on government endorsement. This funding is aimed at promoting the usage of genomics and associated health data for research and innovation within the Genome UK initiative. Consequently, the magnetic beads market is expected to grow due to these government policies supporting genetic and microbiological research progress.
How Is The Globa Magnetic Beads Market Divided Into Key Segments?
The magnetic beads market covered in this report is segmented –
1) By Type: Cells Microbes, Nucleic Acids, Proteins, Other Types
2) By End User: Healthcare Facilities, Individual Pathology Labs, Research Labs, Other End Users
3) By Magnetic Core: Superparamagnetic, Ferrimagnetic
4) By Application: Cell Separation And Expansion, Protein Sample Preparation And Protein Purification, IVD Assay Development, Nucleic Acid Isolation, Immunoprecipitation, Antibody Purification, Other Applications
Subsegments:
1) By Cells Microbes: Bacterial Cells, Yeast Cells, Mammalian Cells
2) By Nucleic Acids: DNA Magnetic Beads, RNA Magnetic Beads, Plasmid DNA Magnetic Beads
3) By Proteins: Antibody-Conjugated Magnetic Beads, Enzyme-Conjugated Magnetic Beads, Peptide-Conjugated Magnetic Beads
4) By Other Types: Beads For Cell Separation, Beads For Protein Purification, Beads For Drug Delivery Applications
Pre-Book The Magnetic Beads Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Magnetic Beads Market?
Technological development is emerging as a prominent trend in the magnetic beads industry. Key participants in the magnetic beads market are intensifying their focus on pioneering innovations and broadening their application range to enhance their market position. For example, in October 2022, Thermo Fisher Scientific Inc., a US healthcare firm specializing in the creation and production of reagents, kits, consumables, and diagnostic kits, plans to launch Dynabeads Technology. This technology, which includes paramagnetic spherical polymer particles, is principally employed in messenger RNA (mRNA) for the production and purification of mRNA for manufacturing and vaccine formulation, or carboxylic acid for RNA purifying solutions.
Who Are the Key Players in the Magnetic Beads Market?
Major companies operating in the magnetic beads market include:
• Thermo Fisher Scientific Inc
• Merck KGaA
• Bio-Rad Laboratories. Inc
• Qiagen
• Danaher Corporation
• Miltenyi Biotec
• Promega Corporation
• Takara Bio Inc
• Genscript Biotech Corporation
• Bangs Laboratories Inc
• Zhejiang Orient Gene Biotech Co. Ltd
• Eurofins Abraxis
• Zeesan Biotech
• Hemotune AG
• NanoSyrinx
• Pulmobiotics S. L
• EnginZyme
• Chain Biotech
• Nuclera Nucleics
• Phytoform Labs
• Entelechon GmbH
• Sloning BioTechnology GmbH
• Siemens Healthineers Ukraine
• TestLine Clinical Diagnostics s.r.o
• Roche
• Spherotech
• CardioGenics
• NEB
• Rockland Immunochemicals
What are the Regional Insights into the Magnetic Beads Market?
North America was the largest region in the magnetic beads market in 2024. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the magnetic beads market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
