The Global Market for Laboratory Centrifuges is Projected to Reach US$1.2 Billion by 2020
Technology
Advancements and Rising Demand from Researchers Drive the Laboratory Centrifuges
Market, According to a New Report by Global
Industry Analysts, Inc.
GIA announces the release of a comprehensive global
report on Laboratory Centrifuges. The
global market for Laboratory Centrifuges is projected to reach US$1.2 billion
by 2020, driven by rising demand from researchers in clinical and research
applications, development of sophisticated centrifuges, and surging demand from
emerging economies.
Laboratory centrifuge represents a basic tool for
sample preparation. Centrifuges underwent a spate of changes in terms of size,
speed, safety, flexibility and automation to effectively address myriad requirements
of users in various domains. Technological advances have led to the
introduction of sophisticated equipment with advanced
features including programming, cooling, noise reduction, changeable rotor
system and automatic imbalance detection capabilities. Major factors fuelling
growth in the market include aging population prone to diseases, increasing
incidence of Hepatitis and HIV, growing adoption of automation platforms in
hematology, rising demand for safe and enhanced quality of blood, and surging
demand from end-use markets such as academics, pharmaceutical, food, retail,
and chemical industries. The rising demand for smaller research equipment with
equal or greater capabilities compared to their larger counterparts, with economical
price and occupying less space is driving growth in the compact centrifuges
market.
The market in the coming years will be driven by strong
growth in the
Ultracentrifuges market, surging demand for pathogen-
or infection-free blood, growth in surgical procedures, and increasing private
and public capital healthcare investments in emerging markets. With increasing
aged population at a higher risk of developing cancer or other chronic medical
conditions, there is a continuous increase in demand for advanced cell
therapies, which is creating a favorable ground for the laboratory centrifuges
market. The laboratory centrifuges market is also positioned to benefit
immensely by enforcement of stringent regulations as well as increasing focus
of medical device manufacturers to develop automated, improved solutions to
collect, process and store blood and its components.
As stated by the new market research report on Laboratory
Centrifuges, the United States continues to
dominate the global laboratory centrifuges market. While Western economies with
sophisticated medical infrastructure dominate the global market, emerging
economies in Asia-Pacific, Latin America, and Eastern Europe are expected to
drive future growth. Important growth drivers in emerging regions include
healthcare reforms by governments, infrastructure development, strong technical
capabilities and expansion of public insurance. Asia-Pacific is forecast to
register the fastest CAGR of 5.0% in dollar terms over the analysis period.
Micro Centrifuges and Ultracentrifuges represent the
largest product segments in the global laboratory centrifuges market in terms
of volume and value sales, respectively.
Key players covered in the report include Andreas
Hettich GmbH & Co. KG, Beckman Coulter Inc., Becton, Dickinson and Company,
Bio-Rad Laboratories Inc., Drucker Diagnostics, Eppendorf AG, Hitachi Koki Co.
Ltd., Kubota Corporation, NuAire Inc., QIAGEN N.V., Sigma Laborzentrifugen
GmbH, Thermo Fisher Scientific Inc., and US Centrifuge Systems LLC, among
others.
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