Magnetic Beads Market Analysis

Magnetic Beads Market Analysis

The cells & microbes segment value was around USD 400 million in 2020. This type of magnetic beads involves targeting cells for depletion or selection using ligands or antibodies that are attached on the surface of magnetic beads and are directed against specific cell surface antigens. Magnetic cell manipulation is among the standard steps in several research fields such as medicine, tissue engineering, along with basic and fundamental biomedical research, augmenting the segment growth.

The research labs segment is estimated to garner over 37.5% magnetic beads market share in 2020. Increasing research studies around the world for finding new ways of diagnostics and therapeutics will accelerate the use of magnetic beads, propelling the segment growth. Surging number of research labs in developing regions will also boost the market demand.
 

The immunoprecipitation segment is projected to witness around 14% growth rate during the forecast timeframe. Immunoprecipitation is a vital technique used in almost every scientific research studies. The increasing trend towards using magnetic beads as compared to Sepharose beads for immunoprecipitation owing to less chance for proteolytic damage increases its adoption.
 

North America magnetic beads market size is expected to expand at 13% CAGR through 2027. The regional growth is attributed to the rising investment in the cell-based and nucleic acid-based research activities triggering the regional progression. Rise in technological advancements along with increasing demand for in-vitro tests across the U.S. and Canada will further enhance the industry share in North America. The market revenue will also prosper owing to high awareness and adoption rate of magnetic beads in regional hospitals and research laboratories.