Laboratory Centrifuge Market - Forecasts from 2019 to 2024

The laboratory centrifuge market is estimated to witness a CAGR of 2.03% to reach US$1,383.193 million in 2024 from US$1,226.070 million in 2018. Centrifuges are equipment used for separation of fluid, gas, etc. through the rotation. Rapid growth in the number of diagnostic centers along with the rise in prevalence and incidence of disease and infections are expected to be the key drivers for the laboratory centrifuges market growth. The technological advancements and increase in the research activities in biotechnology and healthcare sector are also anticipated to boost the market growth. Furthermore, rising usage of centrifuges in the chemical, biology and life science industry is projected to fuel the market growth during the forecast period. However long-life span of this equipment is expected to hamper the market growth in the upcoming years.

The laboratory centrifuges market has been segmented on the basis of type, rotor type, end user and geography. In the type segment, the small bench centrifuges are anticipated to hold a significant share in the market owing to the lightweight, easy to use and cost-effective features. Further, in the end-user segment hospitals and diagnostic centers along with biotechnology companies are projected to grow at a substantial rate on account of the increased diagnostic of blood-related disease and the growing healthcare industry.

Geographically, North America is expected to be a key region owing to the early adoption of technology. Asia-Pacific is also projected to grow at a significant rate during the forecast period on account of the presence of developing economies like India and China coupled with increased investment by major public and private players.

Drivers

Rising prevalence of diseases.

Rapid technological advancements.

Restraints

High equipment cost.

Industry Update

In January 2019, Kubota corporation launched new S700 series centrifuge with new design and features such as Mix loading, 3 short-cut key, colorful buckets.

In May 2016, Beckman Coulter Life Sciences launched the new Optima Analytical Ultracentrifuge.

The major players profiled in the Laboratory Centrifuge market include Andreas Hettich GmbH & Co.KG, Hettich Lab Technology, Eppendorf AG, Sigma Laborzentrifugen Gmbh, Thermo Fisher Scientific Inc., Kubota Corporation, Beckman Coulter, Inc., Nuaire, Koki Holding Co., Ltd., Qiagen, Bio-Rad Laboratories Inc.

Segmentation

The laboratory centrifuge market has been analyzed through the following segments:

By Type

• Small Bench Centrifuges
• High-Speed Refrigerated Centrifuges
• Large Capacity Refrigerated Centrifuges
• Ultra Centrifuges

By Rotor Type

• Swinging Bucket Rotors
• Fixed Angle Rotors
• Vertical Tube Rotors
• Elutriator Rotors

By End User

• Hospitals and Diagnostic centers
• Biotechnology and Pharmaceutical companies
• Research Institutes

By Geography

• North America
• USA
• Canada
• Mexico

• South America
• Brazil
• Argentina
• Others

• Europe
• Germany
• France
• United Kingdom
• Spain
• Others

• Middle East and Africa
• Saudi Arabia
• Israel
• Others

• Asia Pacific
• China
• Japan
• South Korea
• India
• Others