Laboratory Centrifuge Market Analysis North America,Europe,Asia,Rest of World (ROW) - US,Germany,UK,China,Japan - Size and Forecast 2023-2027

Laboratory Centrifuge Market Forecast 2023-2027

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. 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.

What will be the size of the Laboratory Centrifuge Market During the Forecast Period?

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Organizations like UNAIDS and Quest Diagnostics play crucial roles, the market witnesses heightened demand from healthcare professionals and research institutions alike. However, challenges such as high equipment costs and limited funding in emerging economies persist, despite the market's pivotal role in facilitating R&D activities and biopharmaceutical production. Automation and integration solutions are increasingly adopted to address concerns regarding technical complexity and user-friendliness, enhancing productivity and precision in sample preparation, cell separation, and biomolecule purification processes. As the market evolves to meet stringent quality control protocols and accommodate environmental concerns, centrifugation equipment continues to play a vital role in advancing medical research and diagnostic infrastructure worldwide.

Market Segmentation 

 

The market is witnessing remarkable growth propelled by advancements in technology and innovative rotor designs. Key factors driving this expansion include the rising prevalence of infectious diseases like HIV and the need for efficient sample testing methods such as sputum centrifugation. As healthcare professionals increasingly rely on laboratory centrifuges for diagnostic purposes, demand surges across various sectors including research and development (R&D), biopharmaceutical production, and tailored medicine. Companies like Quest Diagnostics play a pivotal role in the market, offering a range of centrifuge solutions from benchtop to floor-standing models. With technological advancements driving the development of specialized rotor designs like carbon fiber rotors and universal rotors, the market is poised for continued growth, supported by increased healthcare expenditure and the imperative for reliable sample processing in healthcare settings.

End-user Analysis 

The hospitals and clinics segment is estimated to witness significant growth during the forecast period. There is increasing adoption 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.

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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 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.

Product Analysis

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 it 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 expansion of this segment which in turn will drive the market growth during the forecast period.

Floor standing centrifuges

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.

Regional Analysis

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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 that are significantly contributing to the global 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 development of the market in the region. Hence, such factors are expected to drive market evolution in the region during the forecast period.

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Key Laboratory Centrifuge Market Players 

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.

• 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.
• HERMLE Labortechnik GmbH

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.

Market Dynamics and Customer Landscape

The market is experiencing substantial growth driven by technological advancements and innovative rotor designs catering to diverse applications such as cellomics, genomics, and diagnostic testing for infectious diseases like HIV and tuberculosis (TB). Technological advancements have led to the development of innovative carbon fiber rotors and versatile universal rotors, enhancing the capabilities of both benchtop and floor-standing centrifuges. These advancements are particularly crucial in the field of microbiology, aiding in the diagnosis and treatment of infectious diseases such as HIV and tuberculosis (TB) . Organizations like UNAIDS and Quest Diagnostics play key roles in providing healthcare professionals with advanced tools for sample testing and disease diagnosis, reducing the risk of lab-acquired infections and hazardous aerosols. Moreover, collaborations with institutions like the National Library of Medicine and the NCBI drive further research and development in the field, paving the way for more effective treatments and improved healthcare outcomes, especially in regions like Nunavut, Canada. 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. 

Key Drivers

One of the key factors driving the 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 centrifuge 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.

Significant Trends

A key factor shaping the market development is the emergence of next-generation centrifuge systems. The main emerging trend in the global market is the emergence of next-generation 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.

Major Challenges

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 the centrifuges as it is an essential part of laboratories. Additionally, the replacement cost of these devices 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 users to maintain it regularly to avoid additional expenses. Hence, such factors are expected to drive market growth during the forecast period.

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Key Market Customer Landscape

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 Market Customer Landscape

Market Analyst Overview

The market is driven by research grants and technological advancements, including innovative rotor designs for applications such as sample testing and cell-based research. Indian scientist Manu Prakash's work on saliva samples and RT-LAMP PCR has gained attention, as published in Journal Analyst 2021. Technological innovations like the polystyrene-toner centrifugal microfluidic device and colorimetric detection system enhance accuracy and compactness. Major players like Thermo Scientific and Eppendorf AG offer advanced features such as touchscreen interfaces and integration of automation, addressing rising equipment costs and safety concerns regarding hazardous biological samples. The market caters to diverse sectors including microbiology, proteomics, and blood component separation, serving biotechnology and pharmaceutical companies as well as academic and research institutes. KUBOTA Corporation provides a range of centrifuges, from benchtop to floor-standing refrigerated models, meeting various laboratory needs.

Additionally, the market boosts development, fueled by a surge in sales of versatile equipment like general purpose centrifuges and specialized rotor types such as Fixed-angle rotors and swinging-bucket rotors. These centrifuges cater to various laboratory needs, from routine sample preparation to complex research applications. The advent of innovative designs like vertical rotors and universal rotor further expands the market's offerings, ensuring compatibility with diverse sample types and sizes. Particularly crucial in regions like Nunavut, Canada, where diseases such as tuberculosis (TB) demand precise sample processing, centrifuges facilitate efficient broth culture preparation and diagnostics. Adhering to strict standards ensures reliability and safety in laboratory settings, although challenges such as limited compatibility persist, driving ongoing innovation in centrifuge design and functionality.

Segment Overview

The 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. 

• End-user Outlook
  • Hospitals and clinics
  • Academia and research institutes
  • Biotech companies
  • Pharmaceutical companies
  • Others
• Product Outlook
  • Benchtop centrifuges
  • Floor standing centrifuges
• Geography Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • ROW
    • Chile
    • Argentina
    • Brazil

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 Forecasting, 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 market growth and trends report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

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