The super magnetic particles market was valued at US$ 1.8 billion in 2021 and is projected to grow at a robust CAGR of 15.5% from 2022 to 2032, reaching an estimated valuation of US$ 6.7 billion by the end of 2032, according to a recent Fact.MR report.

The COVID-19 pandemic created significant opportunities for the super magnetic particle market. The demand for rapid testing kits surged dramatically, especially during 2021 when the world faced the second wave of the pandemic. With daily testing numbers reaching nearly 2 million individuals, the need for testing kits skyrocketed, driving the demand for super magnetic particles.

The standard diagnostic method for detecting SARS-CoV-2 in active infections involves collecting pharyngeal swabs, extracting viral RNA using commercial kits, and performing reverse transcription followed by quantitative PCR detection. However, due to the high demand for testing, commercial RNA extraction kits became scarce, leading to the adoption of alternative approaches. Laboratory researchers developed a super magnetic particle-based RNA extraction technique using 96-well plates and primarily in-house reagents, facilitating large-scale testing efforts.

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The pandemic significantly boosted the demand for commercial RNA extraction kits, serving as a key driver for the super magnetic particles industry. The development of super magnetic particles for COVID-19 detection has notably accelerated global sales. For instance, in 2022, North Rhine-Westphalia's Ministry of Economic Affairs, Development, Digital Innovation, and Energy announced a sponsorship of approximately US$8.1 million to support innovation initiatives in this field.

Key Takeaways from the Market Study

Super magnetic particles market was valued at US$ 1.8 Bn in 2021. According to Fact.MR, Super magnetic particles Market revenue would increase 3.2X between 2022 and 2032, reaching roughly US$ 6.7 Bn in 2032.
In terms of Type, the Immunoprecipitation accounts for the highest projected CAGR of over 14%.
In terms of the Magnetic Core of super magnetic particles, Superparamagnetic is expected to account for the highest CAGR of 14.2% during the forecast period.
North America is the dominant region in the super magnetic particles market with the highest market share of almost 46%.
Read More: https://www.factmr.com/report/super-magnetic-particles-market

Competitive Landscape

The super magnetic particles market is highly competitive, with key players focused on gaining an edge through innovation and technological advancements. Major companies are investing heavily in research and development to create cutting-edge solutions.

In February 2022, Ferrotec Corporation launched the Magnetic Nano-Particles Developer's Kit, designed specifically for producing microbeads used in in-vitro diagnostic applications. Ferrotec's MNP solutions enhance the microbead surface area, improving reactivity, precision, and specificity for immunoassays, bio-separations, and molecular testing.

In January 2022, New England Biolabs and Singular Genomics Systems announced a collaboration to enhance their NEBNext Kits, which are used for DNA and RNA samples, in conjunction with the G4 operating system. These kits are designed to handle a wide range of input volumes and sample types, with a focus on maximizing yields and improving library richness through rigorous quality control.

Market Segments Covered in Super Magnetic Particles Market Analysis

By Type :
Immunoprecipitation
Cells
Pathogenic Microorganisms
Nucleic Acids
Peptide
Protein
Others
By Magnetic Core :
Superparamagnetic
Ferrimagnetic
By Size :
Less than 5 μm
5-20 μm
20-40 μm
40 μm and Above
By Application :
Bioresearch
In-vitro Diagnostics
Others
By Region :
North America
Latin America
Europe
APAC
MEA
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More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the super magnetic particles market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the super magnetic particles market in terms of Type (Immunoprecipitation, Cells, Pathogenic Microorganisms, Nucleic Acids, peptides, Protein, and Others), Magnetic Core (super paramagnetic and Ferrimagnetic), Size (Less than 5μm, 5-20 μm, 20-40 μm, 40 μm and above), Application (Bioresearch, In-vitro Diagnostics, and Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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