Global Laboratory Centrifuge Market Analysis | Industry Report 2016 to 2021

The Global Laboratory Centrifuge Market Size is anticipated to grow at 2.50% CAGR from 2016 to 2021 and it is estimated that the global market was valued at USD 1.54 billion in 2016 and is expected to reach USD 1.74 billion by 2021.

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A centrifuge is an equipment used to put a body in rotatory motion about a fixed axis. This process involves applying a potentially strong force perpendicular to the axis of spin (outward). The working principle of the centrifuge can be understood by the means of the sedimentation principle, where the centripetal acceleration causes the denser substances and particles to move outward in the radial direction. Moreover, objects that are relatively less dense are displaced and move to the center. In a laboratory centrifuge that uses sample tubes, the radial acceleration causes denser particles to settle down at the bottom of the tube, while low-density substances rise to the top.

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The key factors driving the growth of the laboratory centrifuge market include increase in prevalence and occurrence of disease, technological advancements, new product launches, rise in research activities in the field of life sciences & biotechnology, growth in the adoption of automation techniques in hematology, and rise in private & public healthcare investment. However, reduced sales of the equipment due to lengthy lifespan has negative impact on the growth of the market. Rise in demand for centrifuges has led to the development of microcentrifuges, ultracentrifuges, and multi-purpose centrifuges provide many opportunities for the growth of the market.

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The global Laboratory Centrifuge Market Segmentation by Product, Rotor Design, Intended Use, Application and End User. On the basis of Product, it is segmented into Equipment (Microcentrifuge/Ultracentrifuge) and Accessories. The microcentrifuges segment is anticipated to register the highest CAGR in the coming years due to an increase in the various applications such as blood transfusion, processing of blood and other tissues, and biomedical and biochemical analysis which requires centrifugation of small amounts of liquids. On the basis of Rotor Design, it is segmented Swinging Bucket Rotors, Fixed Angle Rotors, and Vertical Rotors. On the basis of Intended Use, it is segmented into General-purpose Centrifuges, Clinical Centrifuges, Preclinical Centrifuges, and Preparative Ultracentrifuges. On the basis of application, it is segmented into Diagnostic, Microbiology, Proteomics and Genomics. The diagnostic, microbiology, and blood component segments are expected to dominate the laboratory centrifuge market. On the basis of End User, it is segmented Hospital, Biotech and Pharmaceutical.

On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Middle East and Africa. North America is expected to have the largest market for laboratory centrifuge due to increase in the number of infectious diseases that has raised the awareness among the people about the early diagnosis of diseases. North America and Europe regions have the presence of the top players of the market. These main players either acquire small companies or collaborate with academic and research institutes to develop new innovative products. The market in Asia Pacific is expected to register the highest growth rate in the coming years mainly due to increase in unmet requirements of the population.

The Global Laboratory Centrifuge Market Leaders are Becton, Dickinson and Company, Danaher Corporation, Thermo Fisher Scientific, Inc., QIAGEN, Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., INC., Sigma Laborzentrifugen GmbH, Neuation, Hitachi Koki Co., Ltd., and Harvard Bioscience, Inc.

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