Magnetic Agarose Bead Trends and Forecast
The future of the global magnetic agarose bead market looks promising with opportunities in the biomedical, blood product, vaccine, and cosmetic & health product markets. The global magnetic agarose bead market is expected to grow with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing demand for diagnostic tools, increasing use of this bead in protein purification, and expansion of pharmaceutical & biotech industries.
• Lucintel forecasts that 10-30µm is expected to witness the higher growth over the forecast period.
• Within this market, biomedical is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: GE Healthcare announced the launch of a new line of magnetic agarose beads with improved binding capacity for protein purification, targeting a 15% increase in market share by the end of the year.
India: Thermo Fisher Scientific India introduced a range of magnetic agarose bead-based diagnostic kits for infectious disease testing, targeting a 40% market share in the Indian healthcare sector.
China: Magbio Genomics Inc. introduced a novel magnetic agarose bead purification kit for RNA extraction, targeting a 30% increase in sales volume by expanding into regional markets.
Germany: Bio-Rad Laboratories unveiled a new automated magnetic agarose bead purification system for high-throughput protein isolation, setting a target to penetrate 30% of the European biopharmaceutical market.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Magnetic Agarose Bead by Segment
The study includes a forecast for the global magnetic agarose bead by type, application, and region.
Magnetic Agarose Bead Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• 10-30µm
• 30-50µm
Magnetic Agarose Bead Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Biomedical
• Blood Products
• Vaccines
• Cosmetics & Health Products
• Others
Magnetic Agarose Bead Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Magnetic Agarose Bead Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies magnetic agarose bead companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the magnetic agarose bead companies profiled in this report include-
• Thermo Fisher Scientific
• Bio-Rad
• G-Biosciences
• Biocompare
• Avantor
• TBG Biotechnology
• Eurogentec
• Sigma-Aldrich
• Lonza Bioscience
• Merck Millipore
Recent Development in the Magnetic Agarose Bead Market
GE Healthcare: Introduced next-generation magnetic agarose beads with enhanced binding capacity for protein purification, targeting improved efficiency in biopharmaceutical production processes.
Thermo Fisher Scientific: Launched a series of magnetic agarose bead-based kits for nucleic acid isolation, catering to the increasing demand for high-quality genomic research tools.
Qiagen: Collaborated with leading academic institutions to develop magnetic bead-based assays for molecular diagnostics, focusing on rapid and accurate detection of infectious diseases.
Bio-Rad Laboratories: Expanded its magnetic bead product portfolio with novel formulations optimized for cell surface protein isolation, addressing the growing interest in membrane proteomics research.
Magbio Genomics Inc.: Announced a breakthrough in magnetic bead technology by introducing ultra-high capacity beads for DNA/RNA extraction, targeting streamlined workflows in clinical laboratories.
Features of the Global Magnetic Agarose Bead Market
Market Size Estimates: Magnetic agarose bead market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Magnetic agarose bead market size by type, application, and region in terms of value ($B).
Regional Analysis: Magnetic agarose bead market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the magnetic agarose bead market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the magnetic agarose bead market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for magnetic agarose bead market?
Answer: The global magnetic agarose bead market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the magnetic agarose bead market?
Answer: The major drivers for this market are growing demand for diagnostic tools, increasing use of this bead in protein purification, and expansion of pharmaceutical & biotech industries.
Q3. What are the major segments for magnetic agarose bead market?
Answer: The future of the magnetic agarose bead market looks promising with opportunities in the biomedical, blood product, vaccine, and cosmetic & health product markets.
Q4. Who are the key magnetic agarose bead market companies?
Answer: Some of the key magnetic agarose bead companies are as follows:
• Thermo Fisher Scientific
• Bio-Rad
• G-Biosciences
• Biocompare
• Avantor
• TBG Biotechnology
• Eurogentec
• Sigma-Aldrich
• Lonza Bioscience
• Merck Millipore
Q5. Which magnetic agarose bead market segment will be the largest in future?
Answer: Lucintel forecasts that 10-30µm is expected to witness the higher growth over the forecast period.
Q6. In magnetic agarose bead market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the magnetic agarose bead market by type (10-30µm and 30-50µm), application (biomedical, blood products, vaccines, cosmetics & health products, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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