The Global Market for Laboratory Centrifuges is Projected to Reach US$1.3 Billion by 2024
Increasing Investments in Life Sciences and Medical
Research to Drive the Laboratory Centrifuges Market, According to a New Report
by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market size, share and
demand forecasts on the global Laboratory Centrifuges market. The global market for Laboratory Centrifuges is
projected to reach US$1.3 billion by 2024, driven by aging population prone to chronic diseases, rising emphasis
on research to develop superior medicines and continuous technological advancements.
Laboratory centrifuges are
essential tools that play a vital role in sample preparation in a wide variety of
laboratories. These devices are employed for separating components of
heterogeneous liquid samples by spinning them at high speeds. Centrifuges help
researchers reliably carry out routine functions such as separation of samples,
analysis of foreign particles and density measurements and hence have become
indispensable instruments in modern day laboratories. Centrifuges are used in
myriad settings and are routinely used in hospitals, research/academic
institutions and pharmaceutical/biotechnology labs. Aging population, rising
incidence of various diseases, and growing need for more effective drugs are
some of the major factors driving research in life science/medicine, which is
in turn driving demand for essential laboratory equipment including laboratory
centrifuges. Increasing demand for safe whole blood and blood components,
growing research in the area of proteomics, and increasingly stringent
regulatory requirements are also contributing to growth in the market.
Significant advancements
at the technology front are playing a vital role in the market evolution. Size,
speed, safety, flexibility, functions and automation are some of the major areas
of technological developments witnessed in the field. Advanced continuous flow centrifuges available today run at higher speeds, enabling higher
sample volumes, higher throughput and easy separation of even smaller
particles. Advancements in programming, cooling, noise reduction, changeable
rotor system and automatic imbalance detection capabilities are elevating the
functionality and efficiency of lab centrifuges, which are expected to influence
new purchases in the following years. Further, inclusion of microprocessors and
connectivity to network devices are raising the bar in precision levels and
engendering data management capabilities, which are in turn increasing their
functionality in the broader aspect of lab research. Vendors are in a constant
endeavor to append capabilities to address diverse and changing needs of
end-users, resulting in new product launches that are expected to support
market growth. However, factors such as relatively maturity of the developed
markets, slower adoption of sophisticated systems in developing markets and
high lifespan of centrifuges are restraining growth in the market.
As stated by the new
market research report on Laboratory Centrifuges, the U.S. represents the largest market worldwide,
supported by the presence of major biotechnology and pharmaceutical companies,
significant research activity, growing emphasis on advanced research and considerable
government support. Asia-Pacific ranks as the fastest growing market with a
CAGR of 4.9% through the analysis period, led by huge population base and disease
burden; developing healthcare research infrastructure; and robustly growing
pharmaceutical industry and growing private sector investments in developing new
drugs and therapies. Ultracentrifuges and Bench-Top Centrifuges represent the largest segments in the market
supported by benefits such as superior resolution, and faster separation
capabilities. Widespread use in biochemical and biomedical analysis is driving
demand for micro centrifuges.
Major players in the market
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 and Thermo Fisher Scientific Inc. among
others.
The research report titled
“Laboratory Centrifuges: A Global Strategic Business
Report” announced by Global Industry
Analysts Inc., provides a comprehensive
review of market trends, issues, drivers, mergers, acquisitions and other
strategic industry activities of global companies. The report provides market
estimates and projections for Laboratory Centrifuges in value and volume terms
for all major geographic markets such as United States, Canada, Japan, Europe
(France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China
and Rest of Asia-Pacific, Middle East & Africa and Latin America. Product
segments analyzed include Bench-Top Centrifuges, Floor Centrifuges, Micro
Centrifuges, Specialty Centrifuges (Cell-Washing Centrifuges, Hematocrit
Centrifuges and Cytological Centrifuges), and Ultracentrifuges.
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
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