MPS-based bioassays have seen a spectacular rise over the past few years for good reasons. Compared to other approaches, this technique collects magnetic responses from superparamagnetic iron oxide nanoparticles (SPIONs) or magnetic beads which enables the analyses in minimally processed biological samples, i.e., without purification and wash steps. Furthermore, due to the superparamagnetic nature, SPIONs do not aggregate or clot in blood vessels, and SPIONs are generally nontoxic to human tissues and other biological samples, which enables their extensive use in drug delivery, magnetic hyperthermia therapy, magnetic separation, sensing and imaging nowadays. While prototypes of MPI systems are still in their testing stages, MPS has been actively explored as a portable, highly-sensitive, cheap, in vitro, and easy-to-use bioassay testing kit.