Latin America Laboratory Centrifuge market is projected to reach USD 0.21 billion by 2021

Latin America Laboratory Centrifuge market Size is anticipated to grow at 2.76% CAGR from 2016 to 2021 and it is estimated that the market was valued at USD 0.18 billion in 2016 and is expected to reach USD 0.21 billion by 2021.A centrifuge is a device used in laboratories to separate particles from a sample solution based on their shape, size, density, viscosity of the medium, and rotor speed. Centrifugation involves the separation of solid-liquid and liquid-liquid mixtures.

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This technique is based on the method of sedimentation of fast-tracked gravitational force accomplished by a rapid rotation. Centrifuge instruments are normally used in the separation of cells, proteins, viruses, nucleic acids, and subcellular organelles in research and academic studies. The most commonly used laboratory centrifuges are floor-standing centrifuges, bench-top centrifuges, micro-centrifuges, ultra-centrifuges, and specialty centrifuges. Scientists and researchers use centrifuge for various applications such as new molecule development in drug discovery, specimen preparation, and analysis of foreign particles.

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Factors such as increasing prevalence and incidence of diseases and rising demand for in vitro diagnostic products for use in diagnosis and treatment of diseases are driving the growth of the market. Additionally, rise in geriatric population, technological advancements, and greater emphasis on the launch of new products by market players are other key factors boosting the market growth. In January 2015, Beckman Coulter Inc. launched Avanti JXN-30. This product was launched under company’s popular Avanti High-performance centrifuges product segment. However, high cost of medical devices and instruments and strict guidelines followed by the regulatory bodies are projected to restrict the growth of the global laboratory centrifuge market.

Latin America 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. 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. 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 Brazil, Argentina and Mexico. The key factor driving growth in this region is its untapped potential. Private players are investing heavily in this region to solidify their market stature. Favorable regimes and government policies are further going to boost the agricultural chelates market.

Some of the key companies dominating the market are Thermo Fisher Scientific, Inc., QIAGEN, Becton, Dickinson and Company, Danaher Corporation, Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., INC., Sigma Laborzentrifugen GmbH, Neuation, Hitachi Koki Co., Ltd., and Harvard Bioscience, Inc.

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