Overview of This Study:

The study involved four major activities to estimate the current market size for Laboratory Centrifuge Research Market. Exhaustive secondary research was done to collect information on market, peer market, and parent market.

The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation was used to estimate the market size of segments and subsegments.

Emerging Technological Advancements:

Innovation in the field of laboratory centrifuges is majorly centered on enhancing convenience, speed, compactness, safety, efficiency, and accuracy. Rotors used in centrifuges were earlier made of tensile steel, and then replaced with aluminum and titanium alloys. Carbon fiber rotors, in addition, are much lighter than their counterparts—these rotors weigh 8 kg, as opposed to earlier 21-kg aluminum rotors. Carbon fiber increases the flexibility of the rotor and makes them resistant to chemical corrosion and structural fatigue. The FIBERLite Fixed-Angle Rotor by Beckman Coulter (acquired by Danaher) and Thermo Scientific Fiberlite rotors, for example, are made of carbon fiber.

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Moreover, the introduction of high-speed centrifuges has considerably reduced the amount of time required for centrifugation, while decreasing the possibility of hazards arising during the process. Advancements in design have made it easier to replace and maintain key equipment parts, such as the rotors. For instance, Thermo Scientific Auto-Lock rotor exchange enables users to quickly and effectively switch rotors.

NuAire’s patented ClickSpin technology enables quick, easy, and tool-free rotor changes. Beckman Coulter’s ARIES Smart Balance Rotor technology automatically corrects for rotor imbalances and is available in Beckman Coulter’s Allegra line of multipurpose centrifuges.Other key products include Eppendorf’s Centrifuge 5425, which can hold up to 24 vessels of 1.5–2.0 mL volume and includes aerosol-tight rotor lids, while the 5910R features new universal adaptors to facilitate quick loading. The launch of such technologically advanced centrifuge systems is expected to stimulate the overall adoption of market products, given their benefits over previous models.

Expected Revenue Growth:

The laboratory centrifuge market is expected to reach USD 1.2 billion by 2023 from USD 1.1 billion in 2018, at a CAGR of 2.8%. Market growth is primarily driven by factors such as technological advancements, increasing research, and a high prevalence of target diseases.

Global Industry Segmentation:

The hospitals segment to dominate the laboratory centrifuge market in 2018.

Based on end users, the lLaboratory Centrifuge Research Market is segmented into hospitals, biotechnology and pharmaceutical companies, and academic and research institutes. The hospitals segment is expected to account for the largest share of the laboratory centrifuges market in 2018. The increasing prevalence of diseases, coupled with the growing awareness regarding early diagnosis and treatment, increasing demand for blood, availability of novel and technologically advanced centrifuges for blood separation, and growing number of hospitals, especially in emerging countries, are some of the key factors driving the growth of the laboratory centrifuges market for hospitals.

The benchtop centrifuges segment is expected to account for the largest market share of in 2018

On the basis of model type, the laboratory centrifuge market is segmented into benchtop centrifuges and floor-standing centrifuges. Among these, the benchtop centrifuges segment is expected to account for the largest market share in 2018. Benchtop centrifuges are cost-effective, versatile, easy-to-use, smaller in size, and considerably lighter in weight. These advantages have resulted in their increased adoption in the laboratory centrifuges market.

Geographical Growth Scenario:

Asia to grow at the highest CAGR during the forecast period

The Laboratory Centrifuge Research Market has been segmented into four major regions, namely, North America, Europe, Asia, and the Rest of the World (RoW). Currently, North America dominates the global laboratory centrifuges market, and this trend is expected to continue during the forecast period. However, the market in Asia is estimated to grow at the highest CAGR during the forecast period. The presence of emerging economies such as China and India and the increasing R&D investments by pharmaceutical and biotechnology companies in this region are the major factors supporting the growth of the Asian laboratory centrifuges market.

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Key Players:

Key players in the laboratory centrifuge market include Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Eppendorf AG (Germany), Sigma Laborzentrifugen GmbH (Germany), Andreas Hettich GmbH & Co. KG (Germany), Kubota Corporation (Japan), Koki Holdings Co., Ltd. (Japan) (previously Hitachi Koki Co., Ltd.), QIAGEN N.V. (Netherlands), NuAire (US), Sartorius (Germany), HERMLE Labortechnik GmbH (Germany), and Becton, Dickinson and Company (US).

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