Magnetic Beads Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

According to the report published by Facts & Factors, the global Magnetic Beads Market size was worth around USD 1180 million in 2019 and is predicted to grow around USD 1,620 million by 2026 with a compound annual growth rate (CAGR) of roughly 6.65% between 2020 and 2026. The report analyzes the global Magnetic Beads Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Magnetic Beads Market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Magnetic Beads industry. The report analyzes and declares the historical and current trends analysis of the Magnetic Beads industry and subsequently recommends the projected trends anticipated to be observed in the Magnetic Beads market during the upcoming years.

The Magnetic Beads market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire magnetic Beads market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary respondents, the magnetic Beads market is set to grow annually at a rate of around 6.65%.
• It was established through primary research that the Magnetic Beads market was valued at around USD 2,492million in 2019.
• After secondary research, we performed face to face interviews to validate our data. The insights interviewee’s declared that Dynabeadsis the most used product for the global Magnetic Beads market.
• On the basis of the Industry, Bioresearchdominated the global Magnetic Beads market in 2019. It accounted for around 54% share of the total market in 2019.
• The dynabeads segment, on the basis of product segmentation, was the leading revenue-generating category accounting for around 47% share, in 2019.

Key Recommendations from Analysts

• Based on the exhaustive secondary research done by our team, the Dynabeadsis anticipated becoming the most demanding product in the upcoming years, owing to the growing demand for Magnetic Beads from the pharmaceutical industry for various end-use applications.
• As per our analysts, North America recorded the highest market share of more than 30% by 2026, and the market is expected to bolster in this region, resulting in creating lucrative opportunities for new players.
• Growing at a CAGR around 6.65%, the Magnetic Beads market provides numerous opportunities for all of the involved stakeholders across the entire value chain.
• Our analysts have identified Dynabeadsand Bioresearchcategories as the leading investment pockets for the Magnetic Beads market in terms of product and industry segmentation respectively.
• Our analysts recommend the emerging players to focus on DYnabeadsowing to the substantial growth of the pharmaceutical industry.

Market Attractiveness – By Product

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Magnetic Beads industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Magnetic Beads industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Magnetic Beads market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Magnetic Beads industry. The Magnetic Beads market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Magnetic Beads sector. Key strategic developments in the Magnetic Beads market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Magnetic Beads market are appropriately highlighted in the report.

Magnetic Beads are paramagnetic iron oxide particles used for purification, abduction and sample preparation for DNA, proteins, and antibodies. They are used in both physical and automated research applications in various biomedical industry verticals. It has various features such as high selectivity, faster coupling property, and high sensitivity. This market is anticipated to bolster during the forecast period owing to the technological advancement in the biomedical field, huge investment in R&D from pharmaceutical companies. In addition, increasing investment by the government in life science is projected to fuel the market’s growth in the future.

The Magnetic Beads market research report delivers an acute valuation and taxonomy of the Magnetic Beads industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Magnetic Beads industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Magnetic Beads industry is provided for the leading economies of the world.

The Magnetic Beads market is segmented based on the product, industry level, and sales channel.  On the basis of product segmentation, the market is classified into Dynabeads, Turbo Beads, and others. Based on the industry level, the market is segmented into Bioresearch, In-Vitro Diagnostics, and others. In terms of sales channel segmentation, the market is bifurcated into Direct Sales and Distributor.

Report Scope

Competitive Analysis

Some of the essential players operating in the Magnetic Beads market, but not restricted to include :

•  Thermo Fisher Scientific (Dynal)
•  Merck Millipore
•  Bang Laboratories
•  Qiagen
•  CardioGenics
•  Takara (Clontech)
•  Spherotech
•  GenScript
•  Bio Rad
•  Geneaid Biotech
•  NEB
•  Rockland

The taxonomy of the magnetic beads market by its scope and segmentation is as follows:

By Product Segmentation Analysis

• Dynabeads
• Turbo Beads
• Others 

By Industry Segmentation Analysis

• Bioresearch
• In-Vitro Diagnostics
• Others 

Global Magnetic Beads Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa