What Is The Current and Historic Market Size Analysis Of The Medical Centrifuge Market?
The medical centrifuge market has seen considerable growth due to a variety of factors.
• In recent times, the size of the medical centrifuge market has experienced substantial growth. It is projected to increase from $2.03 billion in 2024 to $2.14 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.6%. This growth during the historical period is driven by advancements in science, expansion of the healthcare sector, progression in biomedical research, development in clinical diagnostics, and enhancement of safety standards.
What are the Market Size and Expected Growth Rates for the Medical Centrifuge Market Size In The Coming Years?
The Medical Centrifuge market is expected to maintain its strong growth trajectory in upcoming years.
• The market for medical centrifuges is forecasted to experience robust expansion in the coming years, increasing to a worth of $2.91 billion in 2029 with a compound annual growth rate (CAGR) of 7.9%.
This increase throughout the projected period can be linked to factors such as an escalation in healthcare spending, expansion of point-of-care testing, demand for specialized centrifuges, digitalization, and the focus on efficient energy use. The forecast period is marked by major trends like the adoption of compact and portable designs, automation, integration, advancements in rotor technology, specialized centrifugation, and an emphasis on energy efficiency and sustainability.
Which Key Drivers Are Propelling The Medical Centrifuge Market's Growth?
The expected surge in research and development activities is anticipated to fuel the progression of the medical centrifuge market. These operations are crucial for gathering and analyzing market information prior to the product development phase to design and introduce new offerings, enhancing the business's overall profit. In research and clinical laboratories, centrifuges are commonly used to isolate cells, organelles, viruses, proteins, and nucleic acids. For instance, as outlined in the World Health Organization's (WHO) Accelerating Access to Genomics for Global Health report in July 2022, an increasing investment during COVID-19 pandemic led to a rise in countries' capability to perform genomic surveillance. The percentage of countries equipped for this increased from 54% in March 2021 to 68% in January 2022. Hence, the escalating number of research and development activities is a primary driver for the growth of the medical centrifuge market.
What Are The Key Segments Within The Global Medical Centrifuge Market?
The medical centrifuge market covered in this report is segmented –
1) By Type: Bench-top, Floor-Standing, Tabletop, Portable
2) By Capacity: Microcentrifuge, Medium Capacity Centrifuge, Large Capacity Centrifuge
3) By Temperature: Refrigerated Centrifuge, Non-refrigerated Centrifuge
4) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Bench-top: Fixed Angle Centrifuges, Swinging Bucket Centrifuges
2) By Floor-Standing: High-Speed Centrifuges: Refrigerated Centrifuges
3) By Tabletop: Mini Centrifuges: Microcentrifuges
4) By Portable: Battery-Operated Centrifuges: Handheld Centrifuges
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How Are New Trends Impacting The Size Of The Medical Centrifuge Market?
The emergence of product innovation as a key trend is being observed in the medical centrifuge market. To maintain their market standing, prominent firms are unveiling novel products. Boekel Scientific, an American company recognized for its high-quality laboratory equipment and medical devices, rolled out a new array of centrifuges in August 2023. The launched centrifuges - economy, general-purpose, STAT, and Blood Bank - satisfy diverse laboratory requirements and are available in 6-place, 12-place, and 24-place capacities with detachable rotors. These newly introduced centrifuges, equipped with advanced features like LED light indicators and brushless motors, maintain the trademark durability and quality of Boekel Scientific. They are dual voltage and adhere to UL/CSA/CE standards, thereby making them a perfect fit for global consumption.
Who Are the Key Players In The Medical Centrifuge Market?
Major companies operating in the medical centrifuge market include:
• Scilogex LLC
• Drucker Diagnostics Inc.
• Sartorius AG
• Thermo Fisher Scientific Inc.
• Andreas Hettich GmbH & Co. KG
• Danaher Corporation
• Eppendorf AG
• HERMLE Labortechnik GmbH
• KUBOTA Corporation
• NuAire Inc.
• Sigma Laborzentrifugen GmbH
• Hitachi Koki Co. Ltd.
• Labnet International Inc.
• MSE UK Ltd.
• Neuation
• REMI GROUP
• Centurion Scientific Ltd.
• AccuBioTech Co. Ltd.
• Labocon
• LaboGene ApS
• MPW MED INSTRUMENTS
• NuWind
• Separation Technology Inc.
• Unico Inc.
• ZIRBUS technology GmbH
What Are The Regional Insights Into The Medical Centrifuge Market?
North America was the largest region in the medical centrifuge market in 2024. Asia-Pacific is expected to be the fastest-growing region in the medical centrifuge market report during the forecast period. The regions covered in the medical centrifuge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
