Magnetic Beads Market Size

Magnetic Beads Market Size

Magnetic Beads Market size valued at USD 1.5 billion in 2020 and is poised to grow at over 13.3% CAGR between 2021 and 2027. Growing funding for cell-based research through private as well as public companies and government bodies will propel the market growth.

Also, rising focus of numerous market players on launching innovative and highly efficient magnetic beads will drive the overall market demand. Additionally, the COVID-19 pandemic has proven beneficial for the market expansion as the generally considered basic accessory of research labs, magnetic beads, have seen high surge in its use and thus in its demand.
 

In-vitro diagnostic field is evolving rapidly and is currently a dynamic market of healthcare sector. Magnetic beads are an important component of DNA/RNA extraction kits and sample preparation protocols in research laboratories. These magnetic beads act as a solid phase for attachment during the separation and purification processes. This is expected to propel the magnetic beads industry growth.
 

Major in-vitro diagnostic market players use magnetic particles in their complete automated analysers. The search for an improved medical care at lower costs is reshaping the entire healthcare industry. Use of high-quality magnetic beads in clinical sample preparation significantly increases the yield and concentration of target biomolecule. This helps in achieving more accurate results in easy and fast way.