17 June 2019, Global laboratory centrifuge market is anticipated to witness exponential growth in the forecast period. A laboratory centrifuge is driven by a motor that spins liquid samples at high speed. The factors that propel the growth of the market include an increase in occurrence and incidence of disease, increase in acceptance of automation techniques in hematology, new product launches, technical progressions, the surge in research activities in the field of biotechnology & life sciences, and surge in private & public healthcare investment.
On the other hand, there are factors that may hamper the growth of the market including reduced sales of the equipment owing to extended lifespan and the high cost of equipment. The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market could be explored by product type, rotor design, intended use, application, end user and geography. Market could be explored by product type as Equipment (Microcentrifuges, Multipurpose Centrifuges, Minicentrifuges, Ultracentrifuges, Analytical Ultracentrifuges, Preparative Ultracentrifuges and Other Equipment), and Accessories (Tubes, Rotors, Centrifuge Bottles, Plates, Buckets and Other Accessories).
Market could be explored by model type as Floor-standing Centrifuges and Benchtop Centrifuges. The “Benchtop Centrifuges” segment led the laboratory centrifuge market in 2017 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of the market include increased acceptance in the laboratory centrifuges market. Laboratory centrifuge market could be explored by rotor design as Vertical Rotors, Fixed-angle Rotors, Swinging-bucket Rotors, and Other Rotors (Batch Rotors, Continuous Flow Rotors, Drum Rotors, and Zonal Rotors).
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Based on intended use, market could span Clinical Centrifuges, General Purpose Centrifuges, and Preclinical Centrifuges. The key applications that could be explored in the market include Diagnostics, Proteomics, Genomics, Blood Component Separation, Microbiology, Cellomics and Other Applications (Nanotechnology Research and Biochemical Analysis).
The market could be explored based on the end user as Academic & Research Institutions, Hospitals, and Biotechnology & Pharmaceutical Companies. The “Hospitals” segment led the laboratory centrifuge market in 2017 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of market includes rising occurrence of diseases, growing consciousness about initial diagnosis and treatment, growing demand for blood, availability of technologically advanced and novel centrifuges for blood separation, and rising number of hospitals, particularly in developing countries.
North America accounted for the major share of the laboratory centrifuge market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include the presence of numerous laboratories and academic institutions and the well-established healthcare business. Furthermore, the rising number of research in Latin American nations. North America is followed by Asia-Pacific region owing to a vast population base with disease problem and rising clinical diagnostic facilities.
Some of the key players that fuel the growth of the laboratory centrifuge market comprise Thermo Fisher Scientific Inc., Sartorius AG, LLC. (Subsidiary of GTCR firm), Eppendorf Group, QIAGEN N.V., Cole-Parmer Instrument Company, Andreas Hettich GmbH & Co.KG, Beckman Coulter, Inc. (Subsidiary of Danaher Corporation), Hitachi Koki Co., Ltd. (Subsidiary of Hitachi, Ltd.), KUBOTA Corporation, and Sigma Laborzentrifugen GmbH. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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