Originally published on Technavio:Laboratory Centrifuge Market Analysis Across End-users, Products, and Geography - Forecast and Analysis 2023-2027
The Laboratory Centrifuge Market size is projected to grow by USD 360.98 million at a CAGR of 3.9% between 2022 and 2027.
Diseases are now being treated at the molecular level across hospitals, necessitating comprehensive disease profiling. Molecular diagnostics, involving particles collected from blood or other bodily fluids, is increasingly adopted. Moreover, the rising prevalence of infectious diseases, expanding healthcare infrastructure in developing countries, and technological advances in centrifuges are driving the growth of hospitals and diagnostic centers, positively impacting market growth.
Hospitals and clinics
The hospitals and clinics segment is poised for significant growth during the forecast period. Large-sized hospitals increasingly adopt laboratory centrifuges for bodily fluid sampling and disease diagnosis. Tests like blood unit confirmation for all blood groups, rhesus (Rh) testing, and fetal compatibility testing require laboratory centrifuges as a pre-requisite.
The hospitals and clinics segment, valued at USD 743.11 million in 2017, is witnessing rising adoption of microcentrifuges and mini centrifuges for genomic-level patient understanding. Factors such as increased adoption in hospitals and diagnostic centers, a growing number of hospitals, and a preference for pharmacogenomics are fueling segment growth. Additionally, availability of customized patient sampling devices further propels segment growth, expected to drive overall market growth during the forecast period.
Product Analysis
Benchtop centrifuges
Designed for small laboratory spaces, the benchtop centrifuges segment offers versatility and convenience. Encompassing a wide range of specificities, these centrifuges are a cost-effective solution for laboratories and diagnostic centers. Key types include general-purpose centrifuges, microcentrifuges, small clinical centrifuges, cell washers, and high-speed centrifuges. Factors such as increased research on DNA and RNA extraction, advancements in high-speed centrifuges, and noise-canceling centrifuge introductions fuel segment growth.
Floor standing centrifuges
Primarily used in laboratories with limited bench space and high sample volumes, floor-standing centrifuges include superspeed, ultracentrifuges, and low-speed centrifuges. Government-supported virology studies to mitigate diseases such as Ebola virus disease (EVD), COVID-19, and Zika virus (ZIKV) are driving segment growth.
Regional Analysis
Laboratory Centrifuge Market Share by Geography
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North America is expected to contribute 34% to global market growth during the forecast period. Analysts elaborate on regional trends and drivers, particularly in the US and Canada. These countries, home to numerous laboratories, academic institutions, and well-established healthcare industries, significantly contribute to the global market. Presence of prominent market players like Agilent Technologies and Thermo Fisher Scientific, along with government investments in molecular biology and cellular diagnosis research, drive regional market growth.
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Market: Key Drivers, Trends, Challenges, and Customer Landscape
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Market growth is influenced by factors such as research grants and technological advancements, including innovative rotor designs for sample testing and cell-based research. Innovations like smart centrifuges, equipped with microprocessors for user assistance, enhance efficiency and safety.
Increasing popularity of online distribution channels significantly contributes to laboratory centrifuge growth. Online channels offer added.
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