Laboratory Centrifuges Market Size to Reach USD 1.45 Billion in 2028 Growing at a CAGR of 2.6%, according to Emergen Research
Emergen Research has published its latest report titled “Laboratory Centrifuges Market By Product (Equipment, Accessories), By Model (Benchtop Centrifuges, Floor-standing Centrifuges), By Usage (General Purpose Centrifuges, Preclinical Centrifuges, Clinical Centrifuges), By Rotor Design (Fixed-angle Rotors, Vertical Rotors, Swinging-bucket Rotors, Other Rotors), By Application, By End-Use, and By Region Forecast to 2028.”
According to Emergen Research, the global laboratory centrifuges market size was USD 1.17 billion in 2020 and is expected to reach USD 1.45 billion in 2028 and register a revenue CAGR of 2.6% during the forecast period, 2021-2028.
Laboratory centrifuges are rotor driven instruments that are designed to separate liquid samples at high rates of speed and are widely used in clinical and research laboratories for cell, organelle, virus, proteins, and nucleic acid purification. Increasing number of molecular biology research studies, introduction of technologically advanced centrifuges, and rising number of experiments due to increasing prevalence of infectious and chronic diseases are key factors boosting adoption of laboratory centrifuges are some factors expected to contribute to the global market revenue growth over the forecast period. In addition, the advent of high-speed centrifuges, advanced temperature controls, and application of vacuum to reduce friction during spins are some other factors expected to contribute to revenue growth of the market over the forecast period.
Centrifuges are used in various laboratories to separate gases, liquids, or fluids based on their density. During centrifugation, the mixtures are spun at very high speeds which forces the denser particles to settle at the bottom and lighter particles stay at the top. Centrifuges are widely used in diagnostic laboratories for blood and urine tests. Different types of centrifuges are commonly used in laboratories including microcentrifuge, refrigerated centrifuges, high-speed refrigerated centrifuges, and ultracentrifuges. Advancements in ultracentrifuges such as integration of light-based optical detection system and real time monitoring of samples have further boosted their adoption in laboratories and is a key factor expected to continue to drive market growth over the forecast period. However, limited sample capacity of centrifuges, high costs of advanced centrifuges, and lack of skilled professionals are some factors expected to restrain market growth to a certain extent over the forecast period.
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COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Accessories Segment to Register Steady Revenue Growth:
Accessories segment revenue is expected to expand at a steady revenue growth over the forecast period attributable to increasing research activities and experiments, availability of cost effective accessories, and repeated purchase of tubes, bottles, and plates, among others.
Benchtop Centrifuges Segment to Account for Largest Revenue Share:
Benchtop centrifuge segment is expected to account for largest revenue share over the forecast period attributable to easy and convenient usage, cost-effectiveness, and lightweight of benchtop centrifuges.
North America to Lead in Terms of Revenue Share:
North America is expected to dominate other regional in terms of revenue share over the forecast period attributable to increasing clinical and diagnostic research, availability of technologically advanced laboratory equipment, and presence of key players in the region.
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Major Companies in the Market Include:
- Thermo Fisher Scientific Inc.
- Danaher Corporation
- Eppendorf AG
- Sigma Laborzentrifugen GmbH
- Andreas Hettich GmbH & Co. KG
- Kubota Corporation
- Koki Holdings Co., Ltd.
- QIAGEN N.V.
For the purpose of this report, Emergen Research has segmented the global laboratory centrifuges market based on product, model, usage, rotor design, application, end-use, and regions:
Product Outlook (Revenue, USD Billion; 2018–2028)
- Multipurpose Centrifuges
- Micro centrifuges
- Mini centrifuges
- Centrifuge Bottles
Model Outlook (Revenue, USD Billion; 2018–2028)
- Benchtop Centrifuges
- Floor-standing Centrifuges
Usage Outlook (Revenue, USD Billion; 2018–2028)
- General Purpose Centrifuges
- Preclinical Centrifuges
- Clinical Centrifuges
Rotor Design Outlook (Revenue, USD Billion; 2018–2028)
- Fixed-angle Rotors
- Vertical Rotors
- Swinging-bucket Rotors
Application Design Outlook (Revenue, USD Billion; 2018–2028)
- Blood Component Separation
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Academic & Research Institutions
- Biotechnology & Pharmaceutical Companies
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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About Emergen Research
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