Selbyville, Delaware, Feb. 08, 2021 (GLOBE NEWSWIRE) --
According to latest report “Magnetic Beads Market by Type (Cells & Microbes, Nucleic Acid, Proteins), Application (Cell Separation & Expansion, IVD Assay Development, Exosome Analysis, Protein Sample Preparation & Protein Purification, Nucleic Acid Isolation, Immunoprecipitation, Antibody Purification), End-use (Healthcare Facilities, Individual Pathology Labs, Research Labs), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027”, by Global Market Insights, Inc., the market valuation of magnetic beads will cross $4.4 billion by 2027. Escalating proteomics and genomics research along with rising adoption of immunoprecipitation technique will accelerate the market growth.
Technological advancements in the industry will drive the market expansion. Several manufacturers are designing platforms especially for diagnosis of cancer by separating and enumerating tumor cells. Similarly, IBA a biotechnology company offers MagStrep Type3 XT beads that are layered with ferri-magnetic spheres along with minimum non-specific protein binding and high binding capacity. These beads are useful in small scale purification systems and have a high demand for protein purity. Also, in August 2019, Creative Diagnostics announced the launch of novel magnetic beads modification service including functionalization and surface coating. This innovative magnetic bead modification service ensures low beads agglomeration, high dispersity and improved conjugation with wide variety of affinity ligands including biotin, protein, antibody, lectin and others. This will create positive impact on acceptance of magnetic beads.
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The cells & microbes segment in the magnetic beads market will witness around 12% growth rate till 2027. Cells & microbes involves targeting cells specifically for selection or depletion by using antibodies or other ligands and are attached on the exterior of magnetic beads. Moreover, magnetic sorting using magnetic beads has become routine methodology for cell separation augmenting the segment growth.
Protein sample preparation & protein purification segment accounted for 14% of the magnetic beads market share in 2020. Protein sample preparation & protein purification by magnetic beads does not require additional equipment or reagents such as centrifuges or columns that will significantly contribute towards the segment progression. Magnetic beads are easy to observe and track during the different steps through the protein purification processes. Major industry leaders are aiding labs to speed up protein purification workflows.
The individual pathology labs are estimated to attain a CAGR of 14% through 2027. Individual pathology labs provide specific, accurate and comprehensive diagnosis using magnetic beads that stimulates the segment demand. Presence of physicians with special training in the diagnosis and detection of diseases will propel the segment value.
Asia Pacific magnetic beads market size was more than USD 340 million in 2020 on account of rapid growth of diagnostics and healthcare industries. Increasing usage of in-vitro diagnostic technology along with rising investments in the development of healthcare infrastructure will escalate the regional growth. Rising adoption of magnetic beads for the treatment and diagnosis of various medical conditions such as brain tumor and cancer and rising awareness regarding magnetic bead technology will create the lucrative market revenue opportunities.
Some of the eminent players functioning in the magnetic beads market include Thermo Fisher, Bangs Laboratories, Geneaid Biotech, Merck, Qiagen, Spherotech, Rockland Immunochemicals, GenScript, Bio-Rad Laboratories, Promega, Takara Bio, New England Biolabs, Cytiva and others. These companies are focusing on developing innovative products that helps the company increase its market share globally.
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Some major findings of the magnetic beads market report include:
- High demand of magnetic beads in the biopharmaceuticals industry for innovation in the life sciences field will escalate the market growth.
- Increasing adoption of magnetic beads for extraction of nucleic acids will eventually boost the industry demand.
- Continuous involvement of several market participants in R&D activities for the implementation of novel technologies will enhance market opportunities.
- The COVID-19 pandemic will have a moderate to high impact on global market. As the COVID-19 gradually became a pandemic with significant increase in number of cases worldwide, healthcare industry observed an unprecedented and greater demand for magnetic beads.
- High cost associated with genetic research in developing economies may hamper the market expansion to some extent.
Table of Contents (ToC) of the report:
Chapter 3 Magnetic Beads Market Insights
3.1 Industry segmentation
3.2 Industry landscape, 2016 – 2027
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls and challenges
3.4 Growth potential analysis
3.4.1 By type
3.4.2 By application
3.4.3 By end-use
3.5 COVID-19 impact analysis
3.6 Porter’s analysis
3.7 PESTEL analysis
3.8 Competitive landscape, 2020
3.8.1 Company matrix analysis, 2020
Browse Complete Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/magnetic-beads-market
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.