Market Segmentation
The global medical industry is anticipated to grow on account of various factors such as the rapidly aging population, technological advancements, and rising prevalence of chronic illnesses across the globe. Furthermore, the rise in cardiovascular disease cases is predominantly expected to positively influence the cardiovascular equipment market owing to the developments in electrocardiography. Nanomaterials such as magnetic beads possess physicochemical properties that vary from general bulk materials, which makes them an ideal material to be used in multiple applications in nanomedicine. A few applications of magnetic nanoparticles include magnetic imaging, magnetic biosensing, hyperthermia therapy, and gene & drug delivery. Magnetic nanoparticles are also used in other emerging techniques such as microhall biosensors and magnetoresistive (MR) magnetic particle spectroscopy (MPS). The rising adoption of nanomaterials in curing tumors is also projected to augment the market growth. Technological advancements in the medical industry have led to the emergence of nanomagnetic and radiofrequency induction treatments, which, in turn, are anticipated to drive the demand for magnetic beads in medical applications.
Magnetic beads are composed of several microparticles or nanoparticles, and the size of these beads ranges from nanometers to millimeters. The manufacturing of magnetic beads is a complex process, which is likely to restrain the market growth as the manufacturers refrain from investing in the production technology. Magnetic beads are synthesized through multiple complex chemical reactions. For instance, nanoparticles of metal oxides, generally magnetite Fe3O4 and maghemite γ-Fe2O3, are synthesized by the alkaline coprecipitation of ferric and ferrous salts. However, magnetic polymer beads can also be prepared by the coprecipitation of iron salts in a polymer matrix, but the process limits the growth of magnetic particles. Thus, magnetic beads produced from this process are smaller in size as compared to other processes. Such issues in the production process of magnetic beads are expected to hamper the growth of the magnetic beads market over the forecast period.
Magnetic beads provide solutions that can revolutionize various fields of biological research by improving current bioimaging techniques and providing alternatives for tumor diagnosis and treatment, thereby creating opportunities in various biological research and biomedical applications. Recent technological advancements in the biomedical field are expected to create various opportunities for magnetic beads manufacturers. The application of magnetic beads in molecular biology is gaining pace in clinical diagnostics as well as in fundamental research. For instance, super magnetic beads are increasingly being adopted in isolation, identification, and genetic analysis of cells as well as for bacteria and virus detection. Investments in new and innovative magnetic beads production can also benefit the market players. Various key players are already investing in product innovation to strengthen their product portfolio.
This section will provide insights into the contents included in this magnetic beads market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2017 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance