Laboratory Centrifuges Application in Pharmaceutical, Biotechnology, and Microbiology Researches to Rise by 1.2x Through 2031

Micro Centrifuges Emerge as Preferred Choice for Spinning Thin Liquid Samples, Registering Growth at 3.5% CAGR through 2031

The latest survey on laboratory centrifuge market by Fact.MR provides a comprehensive overview of opportunities, trends, and challenges impacting growth through 2031. The report also highlights key growth strategies adopted by market players to gain a competitive edge and improve sales.

Fact.MR – A Market Research and Competitive Intelligence Provider:  As per a recent study by market research and competitive intelligence provider Fact.MR, the global laboratory centrifuge market is poised to reach US$ 1.6 Bn in 2021. With increasing adoption of laboratory centrifuges in pharmaceutical, microbiology and biotechnology applications, the market valuation is projected to top US$ 2 Bn by 2031.

Increasing prevalence of various infectious diseases due to growth in population, climatic changes, and other external factors is encouraging expansion of the healthcare infrastructure. Growing demand for lab testing solutions and centrifuges is anticipated to positively shape the demand outlook for the global laboratory centrifuge market in the forthcoming years.

Sales of laboratory centrifuges however dampened to an extent due to disruptions caused by the COVID-19 crisis. However, the healthcare sector prioritized diagnosis and treatment of infected patients to curb the surging cases of novel coronavirus. This helped in the gradual recovery of the market post 2020.

In addition to this, research and development initiatives undertaken to accelerate discovery of vaccines and novel drugs created sales opportunities for laboratory centrifuges producers. Increasing complexity in nature and incidence of diverse chronic ailments has compelled healthcare providers to investigate modern therapeutic and diagnostic approaches, which has increased the deployment of laboratory centrifuges.

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Steered by the expansion of the medical industry, focus on clinical trials and various lab procedures is at all-time high. This also has resulted in higher demand for advanced lab instrument, guaranteeing improved sales prospects for the laboratory centrifuges market. Besides this, cost-effectiveness ascertained by the leading market players will spur growth through the course of the assessment period.

Owing to the presence of robust healthcare infrastructure and rapid expansion of pharmaceutical and biotechnology sectors, the U.S. market for laboratory centrifuges is expected to dominate North America. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), firms across the U.S. conduct over half of research initiatives in pharmaceutical sector, which totals US$ 75 billion. This also explains why the country is a hotspot for laboratory centrifuge sales.

“Increasing collaborations between medical research centers and pharmaceutical industries to develop novel drugs and clinical trials will provide impetus to market through 2031. As demand grows, market players are expected to focus on strategic collaborations to capitalize on existing opportunities," says a Fact.MR analyst.

Key Takeaways from Laboratory Centrifuge Market Survey

  • Based on product type, sales of microcentrifuges are projected to increase at 3.5% CAGR through 2031.
  • Applications of laboratory centrifuges in hospitals are anticipated to account for 50% of the total market share.
  • Germany will dominate to Europe laboratory centrifuge market, expanding at a 4% CAGR.
  • Asia laboratory centrifuge market will account for 55% of the global market share until 2031.

Growth Drivers:

  • Rapid adoption of technologically advanced medical equipment in clinical trials will continue pushing sales of laboratory centrifuges.
  • Demand for laboratory centrifuges soared amidst COVID-19 as focus on research and development initiatives increased to find vaccines and effective cure to contain the virus.

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Competitive Landscape

Leading players operating in the global laboratory centrifuge market are focusing on strategic collaborations, mergers, and acquisitions to strengthen their presence in the market. Furthermore, product innovations and expansion of production facility are key strategies adopted by market players to gain competitive edge. For instance:

  • In June 2021, Quest Diagnostics acquired Mercy's Outreach Laboratory service business. This acquisition will help the company to increase access to innovative, high-quality, and affordable laboratory services to provide affordable patient care.

Key Players in the Laboratory Centrifuge Market Include:

  • Thermo Fisher Scientific Inc.
  • Becton, Dickinson, and Company
  • Kubota Corporation
  • Danaher Corporation
  • Andreas Hettich GmbH & Co. KG
  • QIAGEN
  • HERMLE Labortechnik GmbH
  • Koki Holdings Co. Ltd

More Valuable Insights on Laboratory Centrifuge Market

Fact.MR provides an unbiased analysis of the laboratory centrifuge market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights into the global laboratory centrifuge market with a detailed segmentation on the basis of:

Product:

  • Multipurpose Laboratory Centrifuges
  • Micro Laboratory Centrifuges
  • Ultra-Laboratory Centrifuges
  • Other Laboratory Centrifuges

Application:

  • Laboratory Centrifuges for Biotechnology & Pharmaceutical Companies
  • Laboratory Centrifuges for Academic & Research Institutes
  • Laboratory Centrifuges for Hospitals
  • Laboratory Centrifuges for Diagnostics
  • Laboratory Centrifuges for Other Applications

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Key Questions Covered in the Laboratory Centrifuge Market Report 

  • The market study also highlights projected sales growth for laboratory centrifuge market between 2021 and 2031
  • Laboratory centrifuge market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry 
  • Laboratory centrifuge market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others 

 

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