The laboratory centrifuge market is fragmented due to the presence of several players. The major vendors account for most of the market share and they compete mainly in terms of factors such as price, quality, and new innovations. To remain competitive in this medical centrifuge market, the vendors are focusing on investing heavily in R&D. Based on product segmentation the market can be segmented into Benchtop Centrifuges and Floor standing centrifuges. During 2017, the benchtop centrifuges segment accounted for the major share of this medical centrifuge market. Benchtop centrifuges are used in small laboratory spaces and can contain a broad range of specificities. This leads to their utilization in laboratories and diagnostics centers. Moreover, these centrifuges also offer a cost-effective solution for laboratories and diagnostics centers.
Technavio’s analysts forecast the global laboratory centrifuge market to grow at a CAGR of 5.29% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global laboratory centrifuge market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of laboratory centrifuge.
The market is divided into the following segments based on geography:
Technavio's report, Global Laboratory Centrifuge Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Thermo Fischer Scientific
Other prominent vendors
Increasing number of biotechnology and pharmaceutical research studies
For a full, detailed list, view our report
Emergence of next-generation centrifuge systems
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Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Technavio Announces the Publication of its Research Report – Global Laboratory Centrifuge Market 2018-2022
Technavio recognizes the following companies as the key players in the global laboratory centrifuge market: Danaher, Eppendorf, QIAGEN, Sartorius, and Thermo Fischer Scientific.
Other Prominent Vendors in the market are: Agilent technologies, Bio-Rad Laboratories, Biosan, Centurion Scientific, Cole-Parmer Instrument, Drucker Diagnostics, Froilabo, HERMLE Labortechnik, Hitachi Koki, KUBOTA, Labnet International, and Neuation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emergence of next-generation centrifuge systems. Next-generation centrifuge systems, also called smart centrifuges, are an outcome of loT. They are pre-fitted with microprocessors, which provide indications and assistance to users. These next-generation centrifuge systems are capable of overcoming the limitations of conventional centrifuges as they provide better efficiency in terms of speed, volume, and space occupied. Their prominent features include automatic electric brakes, speed control mechanisms, and a safety feature to switch off the run while the lid is open for saving the samples. These advanced features can lead to the increased adoption of laboratory centrifuges. However, next-generation centrifuge systems are expensive.”
According to the report, one of the major drivers for this market is increasing number of biotechnology and pharmaceutical research studies. Research studies related to the biotechnology and pharmaceutical sector are driven by the large unmet demand to meet the medical needs of people. With the advent of new diseases and continuous drug discovery studies, these industries are witnessing constant growth. Research in these sectors serves as the backbone of the industry as new innovations are required to provide better treatments and product delivery. Biotechnology research includes medical, plant and animal-based: genetics, and proteomics studies. Pharmaceutical research focuses on medical research such as drug development. Both sectors use laboratory centrifuges for research. Laboratory centrifuges, which are used to separate samples based on their density, are a crucial part of research. They help discard unwanted portions of samples and segregate sample for further procedures.