Rising adoption of immunoprecipitation technique along with intensifying proteomics and genomics research is expected to boost magnetic beads market growth.
Rising adoption of immunoprecipitation technique along with intensifying proteomics and genomics research is expected to boost magnetic beads market growth. Magnetic beads are witnessing robust demand in the biopharmaceutical industry for modernization of the life sciences field. The adoption of magnetic beads is also prominent in the abstraction of nucleic acids. According to Global Market Insights, the market size is expected to exceed USD 4.4 billion by 2027. The magnetic beats market is projected to have a moderate to high impact from the COVID-19 pandemic. Rising number of cases worldwide have triggered the development of effective treatments which may likely drive the demand for magnetic beads.
Elaborating on some of the key trends amassing in the market:
- Application in protein sample purification & preparation
The magnetic beads market is classified into antibody purification, IVD assay development, nucleic acid isolation, immunoprecipitation, cell separation & expansion, exosome analysis, protein purification & protein sample preparation, and other applications. Magnetic beats protein purification & protein sample preparation do not require any additional apparatus or elements such as centrifuges or columns.
Magnetic beads can be easily tracked and observed during protein purification procedures. Estimates have it that the segment will account for around 14% market share in 2020. Key industry players are helping labs to accelerate protein purification workflows. For instance, U.S. biotechnology company, GenScript offers AsmMag magnetic bead-based, antibody purification platform, and high-throughput protein.
To access sample pages of this report titled, “Magnetic Beads Market Size By Type (Cells & Microbes, Nucleic Acid, Proteins), By Application (Cell Separation & Expansion, IVD Assay Development, Exosome Analysis, Protein Sample Preparation & Protein Purification, Nucleic Acid Isolation, Immunoprecipitation, Antibody Purification), By End-use (Healthcare Facilities, Individual Pathology Labs, Research Labs), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/4925
- Surging demand in Asia Pacific
The market of Asia Pacific is expected to grow on the back of rapid developments in the healthcare and diagnostics industries. Rising investments done by the government for developing healthcare infrastructure and increasing adoption of in-vitro diagnostic technology will heighten the regional industry growth.
As per a report, Asia Pacific magnetic beads market accounted for more than USD 340 million in 2020. Rising awareness regarding magnetic bead technology and increasing adoption of magnetic beads for the treatment and diagnosis of various medical conditions such as brain tumor and cancer will create multiple growth opportunities for magnetic beads firms.
- Strategic initiatives by emerging players
Well-known business players functioning in the magnetic beads business include Rockland Immunochemicals, Bangs Laboratories, Cytiva, Takara Bio, Merck, Qiagen, Thermo Fisher, Spherotech, Geneaid Biotech, GenScript, Bio-Rad Laboratories, Promega, New England Biolabs, and others. Business players are constantly working on launching new products in the market for maintaining their market presence and to stay competitive in the market.
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