Magnetic Beads Market Analysis

Application (Cell Separation and Cell Expansion, Exosome Analysis, Protein Sample Prep and Protein Isolation, IVD Assay Development, Nucleic Acid Isolation)

The IVD assay development segment in the magnetic beads market is expected to hold 50% of the revenue share by 2037, owing to the increasing investment in IVD assay development across the world. The COVID-19 epidemic has transformed the shapes of healthcare and has specifically induced seismic conversions inside the IVD industry. As the epidemic accumulated momentum, the requirement increased for not only quicker testing but also testing in higher volumes, with molecular assays, specifically the reverse-transcription polymerase chain reaction (RT-PCR), being acknowledged as the “gold standard” and the excellent confirmatory test for diagnosing the frequency, rate, and cyclicity of viral load. In Europe and the United States individually, the requirement for molecular diagnostic tests increased 20-fold between March and October 2020.

End-User (Bioresearch, In-Vitro Diagnostics)

The in-vitro diagnostics segment is predicted to hold 58% share of the global magnetic beads market share by the end of 2037. The increasing requirement for cellular study by different scientists and pharma organizations to decide physiological and chemical mechanisms inside a molecule is projected to deliver further magnetic beads market expansion. One of the recent instances is Bayer’s indication of collaboration with Shanghai Pharmaceuticals China in November 2023 to establish its first Chinese lab for CGT and cancer drug expansion. With lower R&D expansion costs than in progressed markets, countries such as China are becoming alluring markets for the growth of CGT and thus may appear as strong competitors of overseas-made CGT. Moreover, the product utilizes maximizing required laboratory processes, like isolation of bio-molecules, enzyme-connected immunosorbent assay (ELISA), and polymerase chain reaction (PCR) for developing copies of DNA samples is further projected to evolve in the area of biological research quickly. Thus, such technologies are possibly to witness encouraging expansion in the magnetic beads market during the anticipated period.

Our in-depth analysis of the global magnetic beads market includes the following segments: