Laboratory Centrifuges Market Trend- Rapid Advancements in Laboratory Centrifuges
High prevalence of infectious diseases, increasing investments for developing advanced and user friendly laboratory centrifuges, and rising demand for laboratory centrifuges amidst the COVID-19 pandemic outbreak are some key factors expected to drive global market growth
According to Emergen Research, the global laboratory centrifuge market size was USD 1.17 billion in 2020 and is expected to reach USD 1.45 billion in 2028 and register a steady CAGR of 2.6% during the forecast period, 2021-2028.
Market Dynamics:
A laboratory centrifuge is a rotor driven instrument specially designed for separating liquids at high speed. The rotation of the centrifuge induces centripetal acceleration and separates the solutions based on the density. Various types of laboratory centrifuges such as benchtop centrifuges, clinical benchtop centrifuges, microcentrifuges, and vacuum centrifuges are widely used in hospitals, academic & research institutions, and biotechnology & pharmaceutical companies for purifying cells, viruses, proteins, nucleic acids, and subcellular organelles, depending on the size and capacity of the sample. Factors such as technological advancements in laboratory centrifuges, increasing product launches and introduction of innovative rotor designs, and rising research-based activities across the globe are expected to drive global market revenue growth during the forecast period.
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In addition, growing inclination towards adoption of automation techniques, rapid adoption of advanced laboratory centrifuges in medium to large scale hospitals, diagnostic laboratories, and research centers, and rising investments in research and development activities for developing advanced centrifugation systems are expected to drive global market growth going ahead. However, high chances of exposure to hazardous aerosols and laboratory-acquired infections, requirement of high capital investment, and dearth of skilled healthcare experts are some key factors that can hamper the overall revenue growth market to certain extent during the forecast period.
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
Benchtop Centrifuges Segment to Account for Significantly Larger Revenue Share:
The benchtop centrifuges segment is expected to account for significantly larger revenue share during the forecast period. This can be attributed to factors such as increasing patent pool, rapid adoption of various types of benchtop centrifuges in hospitals, research & educational institutions, and biotechnology & pharmaceutical companies, and growing inclination towards benchtop centrifuges as these are cost-effective, user-friendly, and lightweight.
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General Purpose Centrifuges Segment To Register Rapid Revenue Growth:
The general purpose centrifuges segment is expected to register rapid revenue growth during the forecast period owing to increasing prevalence of infectious and blood-related diseases across the globe, rising clinical research-based activities, and technological advancements in laboratory centrifuges.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share during the forecast period owing to high prevalence of various infectious diseases, increasing clinical research activities, presence of well-developed healthcare infrastructure and research facilities, and rising investments in research and development activities. In addition, rapid advancements in centrifugation techniques, increasing number of sample testing across the region, and rising funds and grants by public and private sectors are expected to drive North America market growth during the forecast period.
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.
- NuAire
- Sartorius
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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)
- Equipment
- Multipurpose Centrifuges
- Ultracentrifuges
- Micro centrifuges
- Mini centrifuges
- Others
- Accessories
- Rotors
- Tubes
- Centrifuge Bottles
- Buckets
- Plates
- Others
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
- Others
Application Design Outlook (Revenue, USD Billion; 2018–2028)
- Diagnostics
- Cellomics
- Genomics
- Microbiology
- Blood Component Separation
- Proteomics
- Others
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Hospitals
- Academic & Research Institutions
- Biotechnology & Pharmaceutical Companies
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Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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