Canada Magnetic Beads Market Size & Outlook, 2021-2030
Canada magnetic beads market, 2017-2030 (US$M)
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Canada magnetic beads market highlights
- The Canada magnetic beads market generated a revenue of USD 153.8 million in 2021 and is expected to reach USD 445.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.5% 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.
Magnetic beads market data book summary
| Market revenue in 2021 | USD 153.8 million |
| Market revenue in 2030 | USD 445.0 million |
| Growth rate | 12.5% (CAGR from 2021 to 2030) |
| Largest segment | In-vitro diagnostics |
| Fastest growing segment | In-vitro Diagnostics |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Canada accounted for 5.5% of the global magnetic beads market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. magnetic beads market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 134.9 million by 2030.
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Magnetic Beads Market Scope
Magnetic Beads Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 60.14% in 2021. Horizon Databook has segmented the Canada magnetic beads market based on bioresearch, in-vitro diagnostics, other applications covering the revenue growth of each sub-segment from 2017 to 2030.
According to the International Trade Administration, U.S. Department of Commerce, Canada is the largest trading partner of the U.S., contributing around USD 1.6 trillion in bilateral trade and investments.
The recent economic aid package introduced by the government is likely to have a positive spillover effect on the economy with rising demand for Canadian products. According to the OECD, the Canadian economy is expected to witness a strong growth rate of 3.5% in 2021 on account of the easing of COVID-19 restrictions and improved external demand.
Escalating growth in the bioresearch industry is expected to drive the demand for magnetic beads in bioresearch applications. Various strategical collaborations and partnerships are being witnessed in Canada, marking the growth of bioresearch in the country.
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Our clientele includes a mix of magnetic beads market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada magnetic beads market , including forecasts for subscribers. This country databook contains high-level insights into Canada magnetic beads market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada magnetic beads market size, by application, 2017-2030 (US$M)
Canada Magnetic Beads Market Outlook Share, 2021 & 2030 (US$M)
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