What Is The Current and Historic Market Size Analysis Of Laboratory Centrifuge Market?
The laboratory centrifuge market has seen considerable growth due to a variety of factors.
• In past years, the laboratory centrifuge market has seen a consistent increase in size. It is projected to expand from $1.59 billion in 2024 to $1.67 billion in 2025, marking a compound annual growth rate (CAGR) of 4.8%.
The expansion witnessed in the historical period is linked to its contribution to scientific findings, educational and academic applications, growth of healthcare facilities in the past, its application in blood banking and transfusion medicine, and its usage in the industrial and pharmaceutical sectors.
How Will The Laboratory Centrifuge Market Size Evolve In The Foreseeable Future?
The laboratory centrifuge market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the laboratory centrifuge market is projected to experience a significant increase in the coming years, with expectations to reach $2.16 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%.
The anticipated growth during the forecast period is due to factors like the integration of data analytics, growing use of point-of-care testing, increased funding in the field of life sciences, emphasis on bioprocessing and biopharmaceuticals, and a shift towards personalized medicine. Other emerging trends during the predicted period include a heightened focus on user experience, adoption of disposable technologies, remote monitoring and connectivity, the inclusion of safety features, and customization and modularity.
What Are The Core Factors Supporting Growth In Laboratory Centrifuge Market?
The laboratory centrifuge market is witnessing growth due to the rise in infectious diseases. Global health threats like SARS, Zika virus, Ebola, and COVID-19 have pervaded various regions worldwide, heightening the worldwide disease burden. Nearly 60% of recognized human pathogens and about 75% of emerging human pathogens are believed to result from zoonotic infectious agents (diseases of animals that evolve to infect humans). Predicted changes in the epidemiology of infectious diseases will be largely influenced by climate change, through variations in microbial and vector geographic ranges. An increasing worry is that global warming would favor microbes more resistant to heat, thereby overpowering human thermal defenses and leading to new infectious diseases as well as reshaping the epidemiology of existing diseases. Lab centrifuge systems, used for purifying cells, organelles, viruses, proteins, and nucleic acids, are an essential tool in this regard. For instance, data from August 2024 published by UK Health Security Agency, an executive agency based in the UK, reported that England witnessed a startling increase in measles cases in 2023 with 368 cases, a nearly sevenfold jump from the 53 cases in 2022. The West Midlands and London specifically bore the brunt with 44% and 33% of the cases, respectively. Thus, the escalating incidence of infectious diseases is creating a demand for lab testing solutions and subsequently propelling the laboratory centrifuge market.
What Are The Core Segments Of The Globa Laboratory Centrifuge Market?
The laboratory centrifuge market covered in this report is segmented –
1) By Product: Equipment, Accessories
2) By Model Type: Benchtop Centrifuges, Floor-Standing Centrifuges
3) By Rotor Design: Fixed-Angle Rotors, Swinging-Bucket Rotors, Vertical Rotors, Other Rotors
4) By Application: Diagnostics, Microbiology, Cellomics, Genomics, Proteomics, Blood Component Separation, Other Applications
5) By End User: Hospitals, Biotechnology And Pharmaceutical Companies, Academic And Research Institutions
Subsegments:
1) By Equipment: Floor Model Centrifuges, Bench-Top Centrifuges, Ultracentrifuges, Microcentrifuges, High-Speed Centrifuges, Refrigerated Centrifuges, Clinical Centrifuges, Continuous Flow Centrifuges
2) By Accessories: Rotors, Buckets, Adapters, Tubes And Containers, Cleaning And Maintenance Kits
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Which Emerging Trends Are Reshaping The Laboratory Centrifuge Market Size?
The rise in technology is an emerging factor in the popularity of the laboratory centrifuge market. Firms in this sector are focusing on creating more efficient and improved devices with enhanced workflows. For example, Thermo Fisher Scientific, a biotechnology research company based in the U.S., launched the DynaSpin Single-Use Centrifuge System in September 2022. This innovation aimed to increase the productivity in grand scale cell culture harvesting by reducing the requirement of materials and waste. It also enhances the product yield, compared to its traditional counterparts. This evolutionary product not only minimizes downtime and supports scalability, but also compliance with regulatory measures, making it a sustainable solution for the bioprocessing industry.
Who Are the Key Players in the Laboratory Centrifuge Market?
Major companies operating in the laboratory centrifuge market include:
• Panasonic Corporation
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Corning Inc.
• Agilent Technologies Inc.
• Sartorius AG
• PerkinElmer Inc.
• Shimadzu Corporation
• Bio-Rad Laboratories Inc.
• Hettich Holding GmbH & Co KG Eppendorf AG
• Haier Biomedical Co Ltd.
• Heal Force Bio-Medical Engineering Co Ltd.
• Nuaire Limited
• Harvard Bioscience Inc.
• REMI GROUP
• Narang Medical Limited
• Andreas Hettich GmbH & Co KG
• VISION Scientific Co Ltd.
• LW Scientific
• Sigma Laborzentrifugen GmbH
• Benchmark Scientific Inc.
• Neuation Technologies Pvt Ltd.
• Laby Instruments Industry
• HERMLE Labortechnik GmbH
• Antylia Scientific Instrument Co Ltd.
• Meditech Technologies India Private Limited
What are the Regional Insights into the Laboratory Centrifuge Market?
North America was the largest region in the laboratory centrifuge market in 2024. The regions covered in the laboratory centrifuge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
