Laboratory Centrifuge Market

Laboratory Centrifuge Market Size:

The global laboratory centrifuge market size reached US$ 1.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032. The growing prevalence of chronic diseases and viral infections, including cancer, and cardiovascular diseases, governmental efforts across various countries to enhance medication regulatory policies, and wide utilization of centrifuges across various sectors are some of the major factors propelling the market.

Laboratory Centrifuge Market Analysis:

• Major Market Drivers: The growing demand for diagnostic testing and personalized medicine is driving the laboratory centrifuge market.
• Key Market Trends: There is a noticeable shift towards automated and high-throughput centrifuges to enhance efficiency and accuracy in laboratories.
• Geographical Trends: North America continues to dominate the market due to its well-established healthcare infrastructure and significant R&D investments. However, the Asia-Pacific region is rapidly emerging as a lucrative market with its expanding healthcare sector and increasing research initiatives. This, in turn, is bolstering laboratory centrifuge market growth.
• Competitive Landscape: Some of the key market players include Andreas Hettich GmbH & Co. KG, Becton, Danaher Corporation, Eppendorf AG, GTCR LLC, HERMLE Labortechnik, Koki Holdings Co. Ltd., Kubota Corporation, NuAire, QIAGEN N.V., Sanofi Pasteur, Sartorius, Sigma Laborzentrifugen GmbH, Thermo Fisher Scientific Inc. etc.
• Challenges and Opportunities: One of the main challenges is the high cost of advanced centrifuges, which can be a barrier for smaller laboratories. However, the rising focus on precision medicine and the growing demand for laboratory automation present significant opportunities for the laboratory centrifuge market outlook.
   

Laboratory Centrifuge Market Trends:

Rapid technological advancements

The healthcare industry worldwide is witnessing increased adoption of important technological innovations. These advancements, from digitization to nano-devices, have been extremely advantageous for the laboratory centrifuges market. Equipment like benchtop and floor standing centrifuges are gaining popularity. Increasingly complex chronic and infectious diseases are driving healthcare providers to explore advanced treatments and diagnostic methods, making the use of sophisticated laboratory centrifuges essential. With the growth of the healthcare sector, there is a rising demand for various laboratory procedures, leading to an increase in clinical trials and analytical tests. The need for additional labs and equipment will keep driving the laboratory centrifuge demand. Due to their affordability, they are in high demand in the market.

Rising research and development activities

The sector for companies specializing in pharmaceuticals and biopharmaceuticals has experienced significant growth in recent years. Many government and business funds are being allocated towards researching and developing different medical fields, leading to an increased need for laboratory centrifuges. The market has seen a notable rise in the need for laboratory centrifuges due to the presence of COVID-19 vaccines and tests. Scientists were working on creating a remedy in different areas to lower the death toll from the virus. This, in turn, has accelerated the laboratory centrifuge market revenue.

Increasing focus on bioprocessing and biomanufacturing

Centrifuges with enormous processing capacities, gentle separation mechanisms, and easy scalability are in high demand to meet the needs of bioprocessing facilities. Furthermore, the rise of regenerative medicine and cell treatment has increased the demand for specialized centrifuges capable of handling sensitive and precious cellular materials. The laboratory centrifuge market responds to these needs by developing technologies that improve bioprocessing workflows. This, in turn, is bolstering the market.

Laboratory Centrifuge Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product type, model type, rotor design, intended use, application, and end-user.

Breakup by Product Type:

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

Equipment dominates the market

The report has provided a detailed breakup and analysis of the market based on the product type. This includes equipment (multipurpose centrifuges, microcentrifuges, ultracentrifuges, minicentrifuges, and others) and accessories (rotors, tubes, centrifuge bottles, buckets, plates, and others). According to the report, equipment represented the largest segment.

Laboratory centrifuge equipment includes a wide range of devices that use centrifugal force to separate heterogeneous samples for use in a variety of scientific and medical applications. This category is dominated by a number of equipment subcategories, including microcentrifuges, ultracentrifuges, and chilled centrifuges. The equipment's supremacy in the laboratory centrifuge market is based on the diversified needs of researchers, doctors, and bioprocessing experts across disciplines. As scientific research and medical diagnostics advance, so does the demand for precise, efficient, and technologically advanced equipment. Manufacturers respond to this demand by constantly improving centrifuge designs to improve the user experience, increase processing speed, and handle a wider range of sample types and sizes.

Breakup by Model Type:

• Benchtop Centrifuges
• Floor-Standing Centrifuges
   

Benchtop centrifuges hold the largest share in the market

A detailed breakup and analysis of the market based on the model type have also been provided in the report. This includes benchtop centrifuges and floor-standing centrifuges. According to the report, benchtop centrifuges accounted for the largest market share.

Benchtop centrifuges are designed with benchtops to keep the product safe in the enclosed chamber. These are simple to operate and include an auto-lock system that allows you to quickly replace rotors with one hand for maximum application variety and throughput. The design of these centrifuges reduces dangerous pinch spots while opening and shutting the lid, and a motorized lid lock adds added security. The benchtop centrifuge market is predicted to develop significantly over the forecast period due to its low cost, ease of use, and versatility for chromatography, sedimentation, and sample filtration purposes.

Breakup by Rotor Design:

• Fixed-Angle Rotors
• Swinging-Bucket Rotors
• Vertical Rotors
• Others
   

Fixed-angle rotors hold the maximum share in the market

A detailed breakup and analysis of the market based on the rotor design have also been provided in the report. This includes fixed-angle rotors, swinging-bucket rotors, vertical rotors, and others. According to the report, fixed-angle rotors accounted for the largest market share.

Fixed angle rotors dominate the laboratory centrifuge industry. The growing demand for high-throughput processing and precise sample separation in a variety of applications, such as cell culture, blood sample preparation, and protein purification, is driving the market adoption of fixed angle rotors. Furthermore, advances in rotor design and materials improve their performance and longevity, cementing their role as critical components in modern laboratory centrifuges.

Breakup by Intended Use:

• General Purpose Centrifuges
• Clinical Centrifuges
• Preclinical Centrifuges
   

General purpose centrifuges hold the largest share in the market

A detailed breakup and analysis of the market based on the intended use has also been provided in the report. This includes general purpose centrifuges, clinical centrifuges, and preclinical centrifuges. According to the report, general purpose centrifuges accounted for the largest market share.

General purpose centrifuges are designed to accept a wide range of sample types, sizes, and volumes. The versatility of general purpose centrifuges is enhanced by their compatibility with many rotor types, including fixed angle and swinging bucket rotors. This versatility enables researchers to customize centrifugation settings to individual experimental needs, improving the quality and reproducibility of results. General purpose centrifuges are essential in clinical laboratories for sample processing because they help separate blood components, urine sediments, and other biological fluids.

Breakup by Application:

• Diagnostics
• Microbiology
• Cellomics
• Genomics
• Proteomics
• Blood Component Separation
• Others
   

Diagnostics hold the largest share in the market

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes diagnostics, microbiology, cellomics, genomics, proteomics, blood component separation, and others. According to the report, diagnostics accounted for the largest market share.

Diagnostics are the foundation of modern healthcare. It allows for timely and precise disease identification. The need for precise and efficient diagnostic solutions has fueled the advancement of specialized centrifuge technologies. Refrigerated centrifuges retain sample integrity while processing, which is crucial for the stability of temperature-sensitive analytes. Microcentrifuges allow for the quick processing of small sample quantities, which is especially useful for point-of-care testing and settings with limited resources. Furthermore, advances in molecular diagnostics have increased the utility of centrifuges in illness diagnosis.

Breakup by End-User:

• Hospitals
• Biotechnology and Pharmaceutical Companies
• Academic and Research Institutions
   

Hospitals hold the largest share in the market

A detailed breakup and analysis of the market based on the end-user has also been provided in the report. This includes hospitals, biotechnology and pharmaceutical companies, and academic and research institutions. According to the report, hospitals accounted for the largest market share.

According to the laboratory centrifuge market research report, hospitals hold the largest share in the market. Hospitals are important pillars of healthcare systems, providing to a wide range of patient needs from simple check-ups to sophisticated medical procedures. Laboratory centrifuges are critical in these fast-paced medical settings for aiding prompt and accurate diagnosis, directing treatment decisions, and monitoring patient health. Hospitals' emphasis on improving patient outcomes and operational efficiency ensures their continued importance in the growth and innovation of the laboratory centrifuge industry.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

North America leads the market, accounting for the largest laboratory centrifuge market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represents the largest regional market for laboratory centrifuge.

According to the laboratory centrifuge market overview, North America holds the dominant position in the market due to the rising disease prevalence and awareness of diagnosis and treatment. Furthermore, the presence of significant market players leads to product launches, mergers, collaborations, and acquisitions, which fuels the expansion of the market in the region. The rising incidence of tuberculosis (TB) in North American countries is bolstering the usage of centrifuges to diagnose samples. Optimal tuberculosis testing often entails sputum centrifugation followed by broth culture, and so the country's high TB case count is fueling market expansion. Moreover, technological developments and partnerships, mergers, acquisitions, and new product launches are propelling the growth of this market in the region.

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Andreas Hettich GmbH & Co. KG
• Becton, Dickinson and Company
• Danaher Corporation
• Eppendorf AG
• GTCR LLC
• HERMLE Labortechnik
• Koki Holdings Co. Ltd.
• Kubota Corporation
• NuAire
• QIAGEN N.V.
• Sanofi Pasteur
• Sartorius
• Sigma Laborzentrifugen GmbH
• Thermo Fisher Scientific Inc.
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

As per laboratory centrifuge market insights, prominent laboratory centrifuge suppliers rely on partnerships, collaborations, acquisitions, and new software launches to stay competitive in the worldwide market. Leading market participants prioritize constant innovation to create a seamless client-customer interaction. In June 2021, for instance, Quest Diagnostics completed its acquisition of Mercy's Outreach Laboratory Services. The acquisition aimed to improve access to innovative, high-quality, and low-cost laboratory services in the Midwest, offering inexpensive care. In recent years, prominent players have introduced centrifuges with upgraded rotors and other features. To expand their market reach and product portfolios, several key players are acquiring or merging with other companies. This strategy allows them to leverage the strengths of merged entities to increase market share and influence in various regional markets. Companies are expanding their operations into emerging markets where there is increasing demand for research and diagnostics, thereby creating a positive.

Laboratory Centrifuge Market News:

• June 12, 2023: Becton, Dickinson and Company launched a new robotic system “BD FACSDuet” to automate clinical flow cytometry. The premium sample preparation system leverages liquid-handling robotics to automate the entire sample preparation process, for both in vitro diagnostics (IVD) and user-defined tests, including cocktailing, washing, and centrifuging.
• July 1, 2024: The Hettich Group, a third-generation family-owned life science equipment company renowned for its laboratory centrifuges, has announced a strategic growth partnership with Bregal Unternehmerkapital GmbH. This collaboration aims to bolster Hettich's market presence and drive innovation in the laboratory equipment sector.
• April 3, 2023: Eppendorf, a prominent life science company, has unveiled the Centrifuge 5427 R, marking its debut in the microcentrifuge segment equipped with hydrocarbon cooling. This innovation aims to enhance sustainability in laboratory environments by offering a refrigerated device that utilizes a natural cooling agent with a Global Warming Potential (GWP) nearly zero.

Laboratory Centrifuge Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the laboratory centrifuge market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global laboratory centrifuge market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the laboratory centrifuge industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.