Global Laboratory Centrifuge Market – Industry Trends and Forecast to 2031

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Global Laboratory Centrifuge Market – Industry Trends and Forecast to 2031

  • Healthcare
  • Upcoming Report
  • Jul 2024
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Laboratory Centrifuge Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2024 –2031
Diagram Market Size (Base Year)
USD 1.98 Billion
Diagram Market Size (Forecast Year)
USD 2.79 Billion
Diagram CAGR
%
Diagram Major Markets Players
  • Thermo Fisher Scientific Inc. (U.S.)
  • Andreas Hettich GmbH & Co. KG (Germany)
  • Eppendorf SE (Germany)
  • NuAire
  • Inc. (U.S.)

Global Laboratory Centrifuge Market, By Product Type (Equipment and Accessories), Model Type (Benchtop Centrifuges and Floor Standing Centrifuges), Rotor Design(Fixed-Angle Rotors and Swinging-Bucket Rotors), Intended Use (General Purpose Centrifuges and Clinical Centrifuge), Application (Diagnostics, Microbiology, and Cellomics),  End User (Hospital and Biotechnology) – Industry Trends and Forecast to 2031.

Laboratory Centrifuge Market

Laboratory Centrifuge Market Analysis and Size

The laboratory centrifuge market is witnessing steady growth driven by advancements in biomedical research, diagnostics, and pharmaceuticals. Centrifuges play a crucial role in separating particles from liquid substances based on density differences, a fundamental process in various laboratory procedures such as cell culture, DNA isolation, and blood sample analysis. For instance, an article published by the NCBI in February 2022 reported that during the COVID-19 pandemic, the demand for centrifuges significantly increased to separate the components of saliva for coronavirus detection, demonstrating their critical role in infectious disease diagnostics. As technological innovations continue to enhance centrifuge capabilities, such as improved rotor designs and automation features, the market is poised for further expansion to meet the growing demands of modern laboratory and healthcare environments.

Global laboratory centrifuge market size was valued at USD 1.98 billion in 2023 and is projected to reach USD 2.79 billion by 2031, with a CAGR of 4.36% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation       

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Equipment and Accessories), Model Type (Benchtop Centrifuges and Floor Standing Centrifuges), Rotor Design(Fixed-Angle Rotors and Swinging-Bucket Rotors), Intended Use (General Purpose Centrifuges and Clinical Centrifuge), Application (Diagnostics, Microbiology, and Cellomics),  End User (Hospital and Biotechnology)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America

Market Players Covered

Thermo Fisher Scientific Inc. (U.S.), Andreas Hettich GmbH & Co. KG (Germany), Eppendorf SE (Germany), NuAire, Inc. (U.S.), Danaher Corporation (U.S.), Lepu Medical Technology (Beijing) Co., Ltd (China), Sartorius AG (Germany), Becton, Dickinson and Company (U.S.), Kubota Corporation (Japan), Agilent Technologies, Inc. (U.S.)

Market Opportunities

  • Rising Healthcare Expenditure
  • Technological Innovations in Laboratory Centrifuges     

Market Definition

A laboratory centrifuge is a device used to separate components of a mixture based on their density by spinning the mixture at high speed. The centrifuge works on the principle of centrifugal force, which pushes heavier materials to the outer edge of the spinning container, allowing for the separation of different substances within the sample. Laboratory centrifuges are commonly used in scientific research, clinical laboratories, and industrial applications to isolate and purify cells, viruses, subcellular organelles, proteins, nucleic acids, and other biological molecules. 

Laboratory Centrifuge Market Dynamics

Drivers

  • Advancements in Biomedical Research  

The escalating prevalence of chronic diseases and infectious illnesses globally is driving the demand for diagnostic testing, bolstering the laboratory centrifuge market. Centrifuges are indispensable in clinical diagnostics for separating blood components, facilitating precise disease diagnosis, and monitoring treatment efficacy. The expanding scope of diagnostic applications, coupled with advancements in molecular diagnostics and point-of-care testing, significantly contributes to the market's growth trajectory. As healthcare systems worldwide emphasize early detection and personalized treatment strategies, the role of laboratory centrifuges in diagnostic laboratories becomes increasingly critical, fostering market demand and innovation.       

  • Growing Diagnostic Testing Needs    

Centrifuges are indispensable in clinical diagnostics for separating blood components, facilitating precise disease diagnosis, and monitoring treatment efficacy. The expanding scope of diagnostic applications, coupled with advancements in molecular diagnostics and point-of-care testing, significantly contributes to the market's growth trajectory. As healthcare systems worldwide emphasize early detection and personalized treatment strategies, the role of laboratory centrifuges in diagnostic laboratories becomes increasingly critical, fostering market demand and innovation.

Opportunities

  • Technological Innovations in Laboratory Centrifuges       

Continuous advancements in laboratory centrifuges are driven by ongoing technological innovations aimed at enhancing their efficiency and performance. Improvements in rotor design allow for higher speeds and greater sample capacity, enabling faster processing times and increased throughput in research and clinical laboratories. For instance, Eppendorf AG (Germany) introduced its Multipurpose Centrifuge 5910 Ri, in April 2021, representing a technological advancement aimed at enhancing and simplifying centrifugation processes. This new centrifuge succeeds the popular Centrifuge 5910 R and features an innovative touchscreen interface. It also offers optional connectivity to the new VisioNize Digital Lab Suite for remote monitoring. Notably, it includes the Universal rotor, which accommodates 50 mL conical tubes, plates, and 250 mL bottles without requiring rotor, rotor buckets, or adapters changes. These advancements in centrifuge technology are designed to improve efficiency and outcomes, thereby stimulating growth in the laboratory centrifuge market.

  • Rising Healthcare Expenditure  

Global increases in healthcare expenditure, particularly in developed and emerging economies, are driving investments in advanced laboratory equipment such as centrifuges. The expansion of healthcare infrastructure and the adoption of sophisticated diagnostic technologies in hospitals and clinics are key factors contributing to market expansion. Healthcare providers are prioritizing the integration of high-performance centrifugation systems to enhance diagnostic capabilities, improve patient care outcomes, and streamline laboratory operations. As healthcare systems worldwide strive to meet growing patient demands and regulatory standards, the demand for reliable and efficient laboratory equipment continues to rise. This trend creates significant opportunities for centrifuge manufacturers to innovate and expand their product offerings, catering to diverse healthcare needs and creating opportunities for market growth globally.

Restraints/Challenges

  • High Equipment Costs of Laboratory Centrifuges 

The high initial capital investment required for laboratory centrifuges, particularly for specialized and high-speed models, poses a significant barrier to adoption for smaller laboratories and facilities with constrained budgets. Moreover, ongoing maintenance costs, including periodic calibration and servicing, contribute to the total cost of ownership, further limiting market penetration. These financial challenges discourage widespread adoption, particularly in resource-constrained healthcare settings and research institutions.   

  • Stringent Regulatory Requirements  

Laboratory centrifuges are subject to stringent regulatory standards and compliance requirements, particularly in clinical diagnostics and pharmaceutical manufacturing. Meeting regulatory guidelines for equipment performance, safety, and quality assurance adds complexity to product development and may prolong the approval process, impacting market growth. Manufacturers must navigate diverse global regulations, certifications, and quality management systems to ensure compliance and market entry.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In October 2022, Genfolllower introduced a new mini micro-centrifuge designed for personal use. This compact device is designed to be flexible and cost-effective, making it suitable for any workstation needing a 'personal' mini centrifuge
  • In September 2022, Starlab redesigned its Minicentrifuge with a focus on one-handed operation. This updated model follows on from the Mini Fuge Plus Centrifuge

Laboratory Centrifuge Market Scope

The market is segmented on the basis of product type, model type, rotor design, intended use, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Equipment
    • Microcentrifuges
    • Ultracentrifuges
    • Multipurpose Centrifuges
  • Accessories
    • Tubes
    • Rotors
    • Centrifuge Buckets
    • Centrifuge Bottles
    • Plates

Rotor Design

  • Fixed-Angle Rotors
  • Swinging-Bucket Rotors

Intended Use

  • General Purpose Centrifuges
  • Clinical Centrifuges

Application

  • Diagnostics
  • Microbiology
  • Cellomics

End User

  • Hospital
  • Biotechnology

Laboratory Centrifuge Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by country, product type, model type, rotor design, intended use, application, and end user as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

North America is expected to dominate the market due to extensive research and development activities within the region. The U.S., in particular, boasts a robust infrastructure for biomedical research and pharmaceutical development, supported by significant investments in healthcare innovation.         

Asia-Pacific is expected to witness significant growth during the forecast period due to favorable government initiatives aimed at bolstering healthcare infrastructure and promoting research and development in the biotechnology and pharmaceutical sectors. Countries like China, India, Japan, and South Korea are witnessing increased investments in healthcare and life sciences, driven by rising healthcare expenditure and efforts to enhance healthcare accessibility.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the market. The data is available for historic period 2016-2021.

Competitive Landscape and Laboratory Centrifuge Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

  • Thermo Fisher Scientific Inc. (U.S.)
  • Andreas Hettich GmbH & Co. KG (Germany)
  • Eppendorf SE (Germany)
  • NuAire, Inc. (U.S.)
  • Danaher Corporation (U.S.)
  • Lepu Medical Technology (Beijing) Co., Ltd (China)
  • Sartorius AG (Germany)
  • Becton, Dickinson and Company (U.S.)
  • Kubota Corporation (Japan)
  • Agilent Technologies, Inc. (U.S.)


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The market is segmented based on , By Product Type (Equipment and Accessories), Model Type (Benchtop Centrifuges and Floor Standing Centrifuges), Rotor Design(Fixed-Angle Rotors and Swinging-Bucket Rotors), Intended Use (General Purpose Centrifuges and Clinical Centrifuge), Application (Diagnostics, Microbiology, and Cellomics),  End User (Hospital and Biotechnology) – Industry Trends and Forecast to 2031. .
The Global Laboratory Centrifuge Market size was valued at USD 1.98 USD Billion in 2023.
The Global Laboratory Centrifuge Market is projected to grow at a CAGR of 4.36% during the forecast period of 2024 to 2031.
The major players operating in the market include Thermo Fisher Scientific Inc. (U.S.), Andreas Hettich GmbH & Co. KG (Germany), Eppendorf SE (Germany), NuAire, Inc. (U.S.), Danaher Corporation (U.S.), Lepu Medical Technology (Beijing) Co. Ltd (China), Sartorius AG (Germany), Becton, Dickinson and Company (U.S.), Kubota Corporation (Japan), Agilent Technologies, Inc. (U.S.).
The market report covers data from the U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.