China Magnetic Beads Market Size & Outlook, 2021-2030
China magnetic beads market, 2017-2030 (US$M)
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China magnetic beads market highlights
- The China magnetic beads market generated a revenue of USD 265.4 million in 2021 and is expected to reach USD 746.4 million by 2030.
- The China market is expected to grow at a CAGR of 12.2% 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 265.4 million |
| Market revenue in 2030 | USD 746.4 million |
| Growth rate | 12.2% (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, China accounted for 9.5% 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 Asia Pacific, China magnetic beads market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 129.9 million by 2030.
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Magnetic Beads Market Scope
Magnetic Beads Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 57.42% in 2021. Horizon Databook has segmented the China 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 IMF, the GDP growth in China was contracted to 2.3% in 2020. The economic growth in China was impacted by the deepening U.S. China trade tensions as well as the outbreak of COVID-19 in 2020. It is anticipated that GDP growth in 2021 will be 8.4% and 5.6% in 2022.
China was the epicenter of the COVID-19 pandemic, but China has shown recovery in the last few months, supported by investment in infrastructure. China dominated the regional magnetic beads demand by accounting for around 52.6% of the total regional market share in 2020.
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Target buyers of China magnetic beads market databook
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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 country-level data and insights on the China magnetic beads market , including forecasts for subscribers. This country databook contains high-level insights into China magnetic beads market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China magnetic beads market size, by application, 2017-2030 (US$M)
China Magnetic Beads Market Outlook Share, 2021 & 2030 (US$M)
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