Asia Pacific Magnetic Beads Market Size & Outlook
Asia Pacific magnetic beads market, 2017-2030 (US$M)
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Asia Pacific magnetic beads market highlights
- The Asia Pacific magnetic beads market generated a revenue of USD 508.2 million in 2021.
- The market is expected to grow at a CAGR of 12.9% from 2022 to 2030.
- In terms of segment, in-vitro diagnostics was the largest revenue generating application in 2021.
- In-vitro Diagnostics is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 508.2 million |
| Market revenue in 2030 | USD 1,513.0 million |
| Growth rate | 12.9% (CAGR from 2021 to 2030) |
| Largest segment | In-vitro diagnostics |
| Fastest growing segment | In-vitro Diagnostics |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bioresearch, In-vitro Diagnostics, Other Applications |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Genscript Biotech Corp Class H, CardioGenics Holdings Inc, Bio-Rad Laboratories Inc, Miltenyi Biotec, Ferrotec Holdings Corp, Eurofins Scientific SE, New England Biolabs |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 18.2% of the global magnetic beads market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 128.1 million by 2030.
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Magnetic Beads Market Scope
Magnetic Beads Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific magnetic beads market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to magnetic beads market will help companies and investors design strategic landscapes.
In-vitro diagnostics was the largest segment with a revenue share of 58.93% in 2021. Horizon Databook has segmented the Asia Pacific magnetic beads market based on bioresearch, in-vitro diagnostics, other applications covering the revenue growth of each sub-segment from 2017 to 2030.
The Asia Pacific is the fastest-growing region in the world, contributing to over two-thirds of global economic growth. According to a report by the International Monetary Fund (IMF), the GDP growth in the Asia Pacific contracted by 1.5% in 2020, in light of the containment measures and global economic slowdown during the COVID-19 pandemic.
The region’s GDP growth is forecast to rebound to 7.6% in 2021, moderating to 5.4% in 2022. The Asia Pacific region is expected to grow at a significant pace owing to the rapid growth of healthcare and diagnostics industries in the region.
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Our clientele includes a mix of magnetic beads market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific magnetic beads market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific magnetic beads market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific magnetic beads market size, by country, 2017-2030 (US$M)
Asia Pacific Magnetic Beads Market Outlook Share, 2021 & 2030 (US$M)
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