Enjoy complimentary customisation on priority with our Enterprise License!
The Laboratory Centrifuge Market size is estimated to grow by USD 360.98 million at a CAGR of 3.9% between 2022 and 2027.
Diseases are being treated at the molecular level across hospitals these days. This method of treatment is mainly adopted to determine diseases elaborately and thereby offer a complete profiling of diseases. Molecular diagnostics comprises particles collected from the blood or other body fluids of patients. Additionally, there is increasing adoption of centrifuges such as microcentrifuges and mini centrifuges which are widely used in large-sized hospitals and diagnostic centers to separate body fluids. Furthermore, there is a rising prevalence of infectious diseases, expanding healthcare infrastructure in developing countries, and technological advances in centrifuges are fuelling the growth of hospitals and diagnostic centers. Thus, it is expected to positively impact market growth.
Technavio has segmented the market into End-user, Product, and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
To learn more about this report, Request Free Sample
The hospitals and clinics segment is estimated to witness significant growth during the forecast period. There is increasing adoption of laboratory centrifuges across various large-sized hospitals for the sampling of bodily fluids and the diagnosis of diseases. Blood unit confirmation for all blood groups, rhesus (Rh) testing, compatibility testing of the fetus, and other blood sampling tests are some of the tests that require laboratory centrifuge as a pre-requisite.
Get a glance at the market contribution of various segments View a PDF Sample
The hospitals and clinics segment was the largest segment and was valued at USD 743.11 million in 2017. Furthermore, there is increasing adoption of microcentrifuges and mini centrifuges for these tests in order to understand the patients at a genomic level. Factors such as the rise in the adoption of laboratory centrifuges in hospitals and diagnostic centers and a growing number of hospitals, and the growing preference for pharmacogenomics are fuelling the growth of this segment. Additionally, the growth in the segment is further fuelled by the growth in the adoption and availability of customized patient sampling devices, which can be widely utilized in hospitals and diagnostic centers. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
This segment is mainly designed for small laboratory spaces. The main advantage of the benchtop centrifuges segment is that it offers versatility and convenience. This segment is equipped to encompass a wide range of specificities, which makes them a cost-effective solution for laboratories and diagnostic centers. Some of the key types of benchtop centrifuges are general-purpose centrifuges, microcentrifuges, small clinical centrifuges, cell washers, and high-speed centrifuges. Factors such as an increase in research studies focused on DNA and ribonucleic acid (RNA) extraction, several advancements in high-speed centrifuges, and the advent of noise-canceling centrifuges are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
This segment is especially used in laboratories that have limited bench space and the volume of samples is high. Some of the main types of floor-standing centrifuges are superspeed centrifuges, ultracentrifuges, and low-speed centrifuges. Factors such as the increasing number of virology studies that are supported by governments to mitigate diseases such as Ebola virus disease (EVD), COVID-19, and Zika virus (ZIKV) is expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
For more insights about the market share of various regions View PDF Sample now!
North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Some of the main countries which are significantly contributing to the global laboratory centrifuge market in North America are the US and Canada due to the presence of several laboratories and academic institutions, and well-established healthcare industries.
Additionally, the presence of several prominent market players including Agilent Technologies and Thermo Fisher Scientific are significantly contributing to the market growth. Furthermore, there is an increasing investment by governments to enhance research in molecular biology and cellular diagnosis as a part of healthcare which is fuelling the growth of the market in the region. Hence, such factors are expected to drive market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of global laboratory centrifuge market witnessed significant growth due to the increase in research on cell-based therapies and the development of novel therapies for the treatment of COVID-19 in North America. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of investments and clinical research in the region. Such factors are expected to drive the market during the forecast period.
Buy Now Full Report and Discover More
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Azer Scientific Inc: The company offers laboratory centrifuges such as iFuge FX2P lab centrifuge and iFuge L400P lab centrifuge.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
One of the key factors driving the laboratory centrifuge market growth is the increasing popularity of online distribution channels. The online distribution channel has significantly contributed to the growth of laboratory centrifuges. The main advantage of an online channel is that it offers added convenience to buyers who want to order products from any geographic location.
Moreover, the online platform has enabled general laboratory centrifuges manufacturers the save costs related to maintaining physical stores. Thus, there is an increasing popularity for online distribution channels among end-users and sales are increasing through these channels due to their numerous benefits such as the ease of purchasing products by comparing their features and prices. Hence, such factors are expected to drive market growth during the forecast period.
A key factor shaping the laboratory centrifuge market growth is the emergence of next-generation centrifuge systems. The main emerging trend in the global laboratory centrifuge market is the emergence of next-generation laboratory centrifuge systems, known as smart centrifuges. These smart centrifuge systems are equipped with microprocessors, which offer indications and assistance to users.
Moreover, some of the main features of smart centrifuge systems include automatic electric brakes, speed control mechanisms, and a safety feature to switch off the run while the lid is open to save the samples. The main advantage of a smart centrifuge system is that it has the ability to overcome the limitations of conventional centrifuges and offer better efficiency in terms of speed, volume, and space occupied. Hence, such factors are expected to drive market growth during the forecast period.
The cost associated with maintenance and post-purchase service is one of the key challenges hindering the laboratory centrifuge market growth. There is an increasing need for regular maintenance and inspection of laboratory centrifuges as it is an essential part of laboratories. Additionally, the replacement cost of the laboratory centrifuge is high.
Moreover, the main factor which is significantly contributing to the high cost is the intricate design of centrifuges. The cost of these centrifuges mainly depends on the type of centrifuge used for different applications. Thus, it has become essential for the users to main it regularly to avoid additional expenses. Hence, such factors are expected to drive market growth during the forecast period.
Buy Now Full Report and Discover More
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Laboratory Centrifuge Market Customer Landscape
The laboratory centrifuge market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Laboratory Centrifuge Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
170 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 3.9% |
|
Market growth 2023-2027 |
USD 360.98 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
3.24 |
|
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
|
Performing market contribution |
North America at 34% |
|
Key countries |
US, Germany, UK, China, and Japan |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Azer Scientific Inc., Accumax Lab Devices Pvt. Ltd., Agilent Technologies Inc., Andreas Hettich GmbH and Co. KG, Avantor Inc., Benchmark Scientific Inc., Bio Rad Laboratories Inc., Biosan, Cardinal Health Inc., Centurion Scientific Ltd., Corning Inc., Danaher Corp., Eppendorf SE, Kubota Corp., NuAire Inc., QIAGEN NV, Sartorius AG, Sigma Laborzentrifugen GmbH, Thermo Fisher Scientific Inc., and HERMLE Labortechnik GmbH |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
View Sample PDF at your Fingertips
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
