Super Magnetic Particles Market

Super Magnetic Particles Market Outlook

The global sales of super magnetic particles in 2021 was held at US$ 1.8 Billion and is projected to reach US$ 6.7 Billion by the end of 2032. With 15.5%, the projected market growth during 2022 - 2032 is expected to be slightly higher than the historical growth.

In-vitro Diagnostics is the highest revenue-generating segment, with a current market share of around 50%.

Attributes	Details
Super Magnetic Particles Market CAGR (2022 – 2032)	15.5%
Super Magnetic Particles Market Size (2022)	US$ 1.9 Bn
Super Magnetic Particles Market Size (2032)	US$ 6.7 Bn
Forecast Period	2022-2032
Historical Data Available for	2017-2021
Key Companies Profiled	Thermo Fisher Scientific Inc. Merck KGaA Bangs Laboratories, Inc. Spherotech, Inc. GenScript CardioGenics, Inc. Bio-Rad Laboratories, Inc. Miltenyi Biotec Ferrotec (USA) Corporation Eurofins Technologies Micromod Partikeltechnologie GmbH New England Biolabs Rockland Immunochemicals, Inc. Dynal Inc. Promega Ferrofluidics Immunicon Corp Magnetically Delivered Therapeutics Inc

Revenue of Super Magnetic Particles Market from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

As per the super magnetic particles market research by Fact.MR - a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the super magnetic particles market increased at around 12% CAGR.

Super magnetic particle market growth is being accelerated by technological advancements and rising demand for in-vitro testing throughout the world. From immunoassays to hyperthermia therapy, DNA extraction, cell manipulation, magnetic resonance imaging, and colloidal nanocrystal integration, super magnetic particles are employed in a variety of applications. Super magnetic particle demand is expected to be boosted significantly by promising investments in genetic and microbiology research efforts, thus accelerating market expansion.

The market is being pushed by a growing emphasis on the release of highly efficient and unique super magnetic particles by a variety of industry competitors. Due to variations in medicine distribution through medical care, phosphopeptide development, and a surge in demand from biological applications for executing treatment and research methodologies, the super magnetic particles market is witnessing growing demand.

Super magnetic particles are being used in a variety of industries, including magnetic-activated cell sorting (MACS), protein purification, PCR testing, and next-generation sequencing (NGS). As a result of these expanding applications, the super magnetic particles market is expected to expand in the future years. In the NGS procedure, super magnetic particles are used more often for nucleic acid purification and separation.

Furthermore, these super magnetic particles play an important role in the NGS technique's size selection. NGS technology is also being used at a faster pace in the medical sector due to the multiple benefits associated with them. For example, high sensitivity to detect low-frequency changes, large samples, and short turnaround time are expected to enhance the global market growth in the near future.

What Factors are Propelling Super Magnetic Particle Demand?

The factors driving the global super magnetic particles market include their increasing use in medical applications, bioassays, DNA & RNA extraction methods, and life science applications.

Increased incidence of cancer and tumor are also stimulating the demand for super magnetic particles, especially leukemia. As per Leukaemia and Lymphoma Society, nearly 1 person in every 3 minutes gets diagnosed with leukemia.

Super magnetic particles have been discovered to be beneficial in cell separations such as removing tumor cells from bone marrow and isolating lymphoid cells from blood film, as well as alienation, identification, and genetic testing of certain nucleic acid sequences and the isolation of DNA binding proteins.

Which Region is projected to Offer the Largest Opportunity for the Super Magnetic Particles Market?

In 2021, North America held the largest share of approximately 46% with a predicted CAGR of 13.3% in the global super magnetic particles market. Since North America is known to house some of the world's most prestigious genetic research institutes, super magnetic particles are in high demand. Strong demand for in vitro testing from the US and Canadian healthcare industries has aided the market's growth.

The adaptable and versatile nature of super magnetic particles and also the potential to provide instant results might lead to a shift in in-vitro testing, thus fuelling demand during the forecast period. Over the forecast period, rising investments in molecular and microbiological research are predicted to open up new future prospects for the super magnetic particles market.

Country-wise Analysis

Which Country Lies at the CenterStage for Super magnetic particles Market Revenue?

The United States is expected to account for the largest market share of US$ 2.4 Bn by the end of 2032. Currently, the United States solely accounts for at least 85% of North America’s revenue. The factors include high spending by government and private institutes on medical care and diagnostics. Huge demand for in-vitro testing in the US has also contributed to its high revenue share.

Category-wise Insights

Why Immunoprecipitation is projected to Witness Fastest Growth among Super Magnetic Particles Type?

The immunoprecipitation segment is forecasted to grow at the highest CAGR of over 14% during 2022-2032. The expansion of the life science sector has been aided greatly through collaborations between researchers and organizations.

Academic breakthroughs in the realm of cellular and genetic treatments have resulted in novel strategies for biological therapeutics. The breadth of new findings is broadening as a result of an increasing number of research efforts in genomics, immunology, and microbiome.

Increased research and development investments have propelled the market to a large extent. The cost of genomic-based research is significant, hence more financing is required.

According to the study conducted by Thermo Fisher Scientific Corporation, in immunoprecipitation and other micro-scale affinity purification methods, magnetic particles like Dynabeads and Pierce super magnetic particles have essentially superseded agarose beads as the preferred support.

Antibody binding is confined to the surface of each bead because magnetic particles are solid and spherical. Super magnetic particles are substantially smaller than agarose beads, which gives them enough surface area for high-capacity antibody binding, despite the fact that they lack a porous center to boost binding capacity, thus increasing the demand for super magnetic particles for immunoprecipitation purposes.

Which application of super magnetic particles is expected to Score the Highest Growth in the Coming Years?

In-vitro diagnostics application commands the largest revenue share of around 50%. Due to a growth in demand for cellular research by various scientists and pharmaceutical companies to establish the physiological and chemical mechanisms within a molecule, super magnetic particles are expected to expand in popularity, contributing considerably to market expansion.

A rising population means a rise in the incidence of various chronic and acute ailments. Due to this, the need for personal care increases, thus fuelling the demand for various healthcare products. Medical equipment manufacturers and scientific laboratory experts are investigating super magnetic particles-based in-vitro diagnostic techniques as a result of these changes.

Why Ferrimagnetic Component is projected to register the Highest Share in the Super Magnetic Particles Market?

The ferrimagnetic component of the magnetic core has the highest market share of approximately 65% with a predicted CAGR of 10.5%. Due to their resistivity and anisotropic characteristics, ferromagnetic materials are widely employed worldwide. Furthermore, it has been demonstrated that ferromagnetic materials such as magnetite may be utilized to store thermal energy.

What is the impact of Covid-19 on the Super Magnetic Particles Market?

Large-scale testing of coronavirus required super magnetic particles produced from in-house chemicals and conducted in 96-well plates to enable large-scale testing of coronavirus infection employing RT-qPCR and RT-LAMP.

Covid-19 had a positive impact on the healthcare sector leading to an increase in the demand for super magnetic particles for bioresearch. The standard diagnostic procedure for determining the presence of SARS-CoV-2 in patients with an active infection uses saliva, from which viral RNA is obtained using commercial kits, leading to a rise in the requirement for super magnetic particles.

In March 2022, in order to apply innovative cell treatments against COVID-19 and any future viral pandemic, an infrastructure network is being built at seven university hospitals in NRW. In the meanwhile, the University Hospital of Cologne is pursuing research on COVID-19 cell therapy. North Rhine-Westphalia's Ministry of Economic Affairs, Development, Digital innovation, and Energy is sponsoring the innovation initiatives with around US$ 8.1 Mn.

Competitive Analysis

Players in the market are constantly developing improved solutions as well as extending their product offerings. To help the organizations implement cost-effective solutions, combat the Covid-19 pandemic, and preserve competitive advantage in the market, the companies are focused on their alliances, technology collaborations, and product launch strategies.

Some of the recent developments of key super magnetic particles providers are as follows:

• In February 2022, The Magnetic Nano-Particles Developer's Kit from Ferrotec Corporation is a series of solutions intended exclusively for the manufacture of microbeads used in in-vitro diagnostic applications. Ferrotec's MNP solutions rely on its capacity to increase the microbead surface area, which allows for improvements in reactivity, precision, and specificity for IVD applications such as immunoassays, bio-separations, and molecular testing.
• In January 2022, New England Biolabs and Singular Genomics Systems collaborated to affirm its NEBNext Kits, an offering for DNA and RNA samples, along with the G4 operating system. By utilizing a wide variety of input volumes from a wide range of sample types, NEBNext kits are created and quality-controlled to boost yields and library richness.

Similarly, recent developments related to companies’ super magnetic particle services have been tracked by the team at Fact.MR, which are available in the full report.

Market Segments Covered in Super Magnetic Particles Market Analysis

• By Type :

  • Immunoprecipitation
  • Cells
  • Pathogenic Microorganisms
  • Nucleic Acids
  • Peptide
  • Protein
  • Others

• By Magnetic Core :

  • Superparamagnetic
  • Ferrimagnetic

• By Size :

  • Less than 5 μm
  • 5-20 μm
  • 20-40 μm
  • 40 μm and Above

• By Application :

  • Bioresearch
  • In-vitro Diagnostics
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA