The North America Magnetic Beads Market would witness market growth of 12% CAGR during the forecast period (2020-2026). Due to the versatility of magnetic beads and their capability to offer faster results, there is a shifting preference for in-vitro diagnostic testing, which would fuel the growth of the market during the forecast period.
These magnetic beads are manufactured by using iron oxide nanoparticles like magnetite nanoparticles which are around 20 nm to 30 nm in size. The difference between these magnetic beads and general ferromagnets is that they show magnetic behavior only in the presence of an external magnetic field. Due to this feature, magnetic beads are utilized without any concern about undesirable clumping. There has been an increased demand for in-vitro diagnostics in the medical and healthcare sector due to its reliability, versatility, and ability to deliver quick outcomes.
There are rising investments in genetic & microbiology research activities that are anticipated to open new growth prospects for the market during the forecast period. These magnetic beads find potential application in protein purification, polymerase chain reaction (PCR) testing, next-generation sequencing (NGS), and magnetic-activated cell sorting (MACS). Toxicity Assessment of magnetic bead is the major limitation of the market. The growing research and production of nanoparticles have led to the increasing requirements for reliable and standardized procedures for calculating the toxicity of the nanoparticles under various biological, exposure, and dosing conditions.
Rules and regulations play an important part in case of nanoparticle-enabled products like magnetic beads. It is important to include some efficient ways of communication among regulatory authorities, developers, and researchers that allow the reliable transformation of research results, which are important to evaluate the toxicity of the nanoparticles, thus keeping the product safety intact for medical & industrial applications.
The US market dominated the North America Biomolecules Separation & Purification Market by Country in 2019, thereby, achieving a market value of $166 million by 2026. The Canada market is experiencing a CAGR of 12.8% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 12.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Magnetic Beads Market in North America is expected to register a CAGR of 12% 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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