U.S. Magnetic Beads Market Size & Outlook, 2021-2030
U.S. magnetic beads market, 2017-2030 (US$M)
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U.S. magnetic beads market highlights
- The U.S. magnetic beads market generated a revenue of USD 1,149.8 million in 2021 and is expected to reach USD 2,793.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 10.4% 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 1,149.8 million |
| Market revenue in 2030 | USD 2,793.7 million |
| Growth rate | 10.4% (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, U.S. accounted for 41.3% 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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U.S. 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 57.97% in 2021. Horizon Databook has segmented the U.S. 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 World Bank, the U.S. is the world's largest economy in terms of GDP, surpassing China. According to the Office of the United States Trade Representative, the U.S. generates more than 20% of the global income, despite accounting for less than 5% of the world population.
The country's economic strategy includes investments in competitive sectors that have high export value. Increasing manufacturing potential lowers the average production costs, which positively contributes to the U.S. economic growth rate.
Favorable government standards and policies in the country are also anticipated to increase market growth in the coming years. For instance, in vitro devices have been defined in section 201(h) of the Federal Food, Drug, and Cosmetic Act, and as biological products subject to section 351 of the Public Health Service Act.
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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 U.S. magnetic beads market , including forecasts for subscribers. This country databook contains high-level insights into U.S. magnetic beads market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. magnetic beads market size, by application, 2017-2030 (US$M)
U.S. Magnetic Beads Market Outlook Share, 2021 & 2030 (US$M)
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