India Magnetic Beads Market Size & Outlook, 2021-2030
India magnetic beads market, 2017-2030 (US$M)
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India magnetic beads market highlights
- The India magnetic beads market generated a revenue of USD 28.0 million in 2021 and is expected to reach USD 129.9 million by 2030.
- The India market is expected to grow at a CAGR of 18.6% 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 28.0 million |
| Market revenue in 2030 | USD 129.9 million |
| Growth rate | 18.6% (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, India accounted for 1.0% 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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India 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 61.07% in 2021. Horizon Databook has segmented the India 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, India’s GDP growth declined by 8% in 2020 due to the outbreak of COVID-19. The entire country was in lockdown for few months which impacted the country’s GDP growth. It is expected that India’s GDP growth will be recovered in 2021 and stand at 12.5% in the same year.
India is expected to register the highest CAGR among other Asian countries owing to increasing healthcare industry growth in the country. Furthermore, the aging population and rising health awareness coupled with inclining consumer interest toward preventive healthcare measures are expected to boost the market growth within the forecast period.
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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 India magnetic beads market , including forecasts for subscribers. This country databook contains high-level insights into India magnetic beads market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India magnetic beads market size, by application, 2017-2030 (US$M)
India Magnetic Beads Market Outlook Share, 2021 & 2030 (US$M)
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