The Asia Pacific Magnetic Beads Market would witness market growth of 14.1% CAGR during the forecast period (2020-2026). Magnetic beads are the effective substitute for colloidal gold particles in in-vitro diagnostics due to their low costs in comparison to others and the capability to produce rapid outcomes.
In-vitro diagnostics refer to the clinical tests that are utilized to examine samples like blood or tissue samples that are obtained from a person’s body. They are extensively used to identify different conditions, diseases, and infections caused in a person’s body. In addition, scientists are also studying the potential usage of in-vitro diagnostics in precision medicine applications.
There is a wide range of applications of magnetic beads in the biomedical industry like drug targeting, clinical diagnosis, nucleic acid purification, cell isolation, and detection. Additionally, the recent market trend of utilizing solid-phase magnetic beads for isolation & identification of biomolecules helps in driving the growth of the market. By using these beads in immunoassays, it improves the detection sensitivity and enhances the flow of enzyme substrates. Thus, the magnetic beads market size is anticipated to register a significant growth rate over the forecast period. On the contrary, the process of protein & cellular purification is a long process and needs some additional boosters like the addition of tiny particles that further increases cost, therefore hampering the growth of the magnetic beads market.
The market would witness lucrative growth opportunities due to the many cell isolation applications like negative cell isolation, positive cell isolation, automation, depletion, and mouse cell isolation. It is because magnetic beads effectively target cells & there is a high affinity of cells towards the magnet. It improves the cell isolation process and subsequently assists them in segregating the beads easily.
The Less than 5um market dominated the South Korea Magnetic Beads Market by Size in 2019, thereby, achieving a market value of $26.8 million by 2026. The 5-20 um market is exhibiting a CAGR of 14.8% during (2020 - 2026). Additionally, The 20-40 um market is expected to witness highest CAGR of 18.1% during (2020 - 2026).
Based on Magnetism, the market is segmented into Ferrimagnetic and Superparamagnetic. Based on Size, the market is segmented into Less than 5um, 5-20 um, 20-40 um and 40 um & above. Based on Application, the market is segmented into Next-generation Sequencing (NGS), Biomolecules Separation & Purification, Molecular & Immunodiagnostics and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Magnetic Beads Market in Asia Pacific is expected to register a CAGR of 14.1% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., Merck Group, Bangs Laboratories, Inc. (Polysciences, Inc.), Spherotech, Inc., Promega Corporation, Zeesan Biotech Co., Ltd., Vazyme Biotech Co., Ltd., Magbio Genomics, Inc., Calbiotech, Inc. (Erba Diagnostics Ltd. Group), and New England BioLabs, Inc.
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