Global Laboratory Centrifuge Market 2018-2023: Emerging Economies, Increasing R&D Activity, Technological Advancements & High Prevalence of Diseases
DUBLIN, Nov. 13, 2018 /PRNewswire/ --
The "Laboratory Centrifuge Market by Product (Equipment (Multipurpose, Ultracentrifugation), Accessories (Rotor, Tube, Bucket, Plate)), Model (Benchtop, Floor standing), Application (Microbiology, Proteomics) & End User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The laboratory centrifuge market is expected to reach USD 1.2 billion by 2023 from USD 1.1 billion in 2018, at a CAGR of 2.8%
Market growth is primarily driven by factors such as technological advancements, increasing research, and a high prevalence of target diseases. However, the market faces major challenges in the form of mechanical failure of equipment (caused due to improper maintenance of rotors) and the release of harmful chemicals in the centrifugation of certain substances. The low replacement value of centrifuges (due to their long lifespans) may hinder market growth.
Accessories are expected to grow at the highest CAGR during the forecast period
On the basis of product type, the laboratory centrifuge market is segmented into equipment and accessories. The accessories segment is estimated to grow at the highest CAGR during the forecast period owing to the requirement of the repeated purchase of accessories such as tubes, bottles, and buckets.
Benchtop centrifuges are expected to account for the largest market share in 2018
On the basis of model type, the laboratory centrifuges market is segmented into benchtop centrifuges and floor-standing centrifuges. Among these, the benchtop centrifuges segment is expected to account for the largest market share in 2018. Benchtop centrifuges are cost-effective, versatile, easy-to-use, smaller in size, and considerably lighter in weight. These advantages have resulted in their increased adoption in the laboratory centrifuge market.
General purpose centrifuges are expected to account for the largest market size during the forecast period
Based on intended use, the laboratory centrifuges market is segmented into clinical centrifuges, preclinical centrifuges, and general purpose centrifuges. The general purpose centrifuges segment is estimated to account for the largest market share in 2018. Increase in cellular research and diagnosis of blood-related diseases are the major factors driving the growth of this market.
North America is expected to account for the largest market size during the forecast period
Currently, North America dominates the laboratory centrifuges market, and this trend is expected to continue during the forecast period. However, the market in Asia is estimated to grow at the highest CAGR during the forecast period. The presence of emerging economies such as China and India and the increasing R&D investments by pharmaceutical and biotechnology companies in this region are the major factors supporting the growth of the Asian laboratory centrifuges market.
Thermo Fisher Scientific is one of the leading players in the laboratory centrifuges market. The company's strong brand recognition and extensive product portfolio in the laboratory centrifuge market is its key strength. To maintain a leading position in the market, Thermo Fisher has adopted product launches as its key organic growth strategy. For instance, in the past three years, the company has launched large capacity centrifuges, the Sorvall BP 8 and 16 blood banking centrifuges, and the mySPIN centrifuges (mini centrifuges). These developments allow the company to expand its end-user base.
With the acquisition of Beckman Coulter (in 2011), Danaher has become one of the key players in the laboratory centrifuge market. This acquisition helped Danaher to expand its product portfolio in the area of clinical diagnostics through the addition of new and complementary product offerings. Danaher improved its business over four decades by acquiring and integrating new companies into a unified whole, improving them through a group of distinctive management practices known as the Danaher Business System (DBS). The company also emphasizes product development.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Secondary Data
2.2 Primary Data
2.3 Market Size Estimation
2.4 Market Breakdown and Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Laboratory Centrifuge Market: Overview
4.2 Laboratory Centrifuges Market, By Product Type
4.3 Laboratory Centrifuges Equipment Market, By Type
4.4 Laboratory Centrifuge Equipment Market, By Rotor Design
4.5 Laboratory Centrifuge Equipment Market, By Model Type
4.6 Laboratory Centrifuge Market, By Intended Use
4.7 Laboratory Centrifuges Market, By End User
4.8 Geographic Snapshot
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing R&D Activity
5.2.1.2 Technological Advancements
5.2.1.3 High Prevalence of Diseases
5.2.2 Restraints
5.2.2.1 Long Equipment Lifespans
5.2.2.2 High Equipment Cost
5.2.3 Opportunities
5.2.3.1 Emerging Economies
5.2.4 Challenges
5.2.4.1 Possibility of Mechanical Failure
5.2.4.2 Release of Harmful Aerosols
6 Regulatory Scenario
6.1 Introduction
6.2 Standards and Certifications
7 Laboratory Centrifuge Market, By Product Type
7.1 Introduction
7.2 Equipment
7.2.1 Multipurpose Centrifuges
7.2.2 Microcentrifuges
7.2.3 Ultracentrifuges
7.2.3.1 Preparative Ultracentrifuges
7.2.3.1.1 Preparative Ultracentrifuges are Expected to Account for the Largest Share of the Ultracentrifuges Market
7.2.3.2 Analytical Ultracentrifuges
7.2.3.2.1 Analytical Ultracentrifuges are Used to Determine Sedimentation Velocity and Equilibrium
7.2.4 Minicentrifuges
7.2.5 Other Centrifuges
7.3 Accessories
7.3.1 Rotors
7.3.2 Tubes
7.3.3 Centrifuge Bottles
7.3.4 Centrifuge Buckets
7.3.5 Plates
7.3.6 Other Accessories
8 Laboratory Centrifuge Equipment Market, By Model Type
8.1 Introduction
8.2 Benchtop Centrifuges
8.2.1 Benchtop Centrifuges are Expected to Account for the Larger Share of the Laboratory Centrifuge Equipment Market
8.3 Floor-Standing Centrifuges
8.3.1 Floor-Standing Centrifuges are Suitable for Centrifuging High Volumes of Standard Tubes and Processing Large Volume Samples
9 Laboratory Centrifuge Equipment Market, By Rotor Design
9.1 Introduction
9.2 Fixed-Angle Rotors
9.2.1 Fixed-Angle Rotors are Expected to Account for the Largest Share of the Laboratory Centrifuge Equipment Market
9.3 Swinging-Bucket Rotors
9.3.1 Versatility, Increased Use of Clinical Centrifuges, and Increasing Research on Tissue Cultures are Driving the Adoption of Swinging-Bucket Rotors
9.4 Vertical Rotors
9.4.1 Vertical Rotors Find Applications in Isopycnic Separation
9.5 Other Rotors
10 Laboratory Centrifuges Market, By Intended Use
10.1 Introduction
10.2 General Purpose Centrifuges
10.2.1 General Purpose Centrifuges are Expected to Account for the Largest Share of the Laboratory Centrifuge Market
10.3 Clinical Centrifuges
10.3.1 Clinical Centrifuges Find Applications in Clinical Chemistry, Clinical Microbiology, Hematology, Immunology, Blood Banking, and Other Clinical Studies
10.4 Preclinical Centrifuges
10.4.1 Increasing Collaborations to Facilitate Preclinical Trials and Rising Number of Diseases Such as Cancer to Drive Market Growth
11 Laboratory Centrifuge Market, By Application
11.1 Introduction
11.2 Diagnostics
11.2.1 Diagnostic Applications Account for the Largest Share of the Laboratory Centrifuge Market
11.3 Microbiology
11.3.1 Rising Research in Microbiology to Increase the Demand for Centrifuges
11.4 Cellomics
11.4.1 Increasing Research Trends in Cellomics and A Substantial Increase in Disease Prevalence are the Major Factors Driving Market Growth
11.5 Genomics
11.5.1 Genomics is the Fastest-Growing Application Segment of the Laboratory Centrifuges Market
11.6 Proteomics
11.6.1 Increasing Importance of Proteomics Research Across All Areas of Biological Research and Availability of Grants and Funding is Aiding Market Growth
11.7 Blood Component Separation
11.7.1 Increasing Prevalence of Blood-Related Diseases to Drive Market Growth
11.8 Other Applications
12 Laboratory Centrifuge Market, By End User
12.1 Introduction
12.2 Hospitals
12.2.1 Hospitals are the Major End Users of Laboratory Centrifuges
12.3 Biotechnology & Pharmaceutical Companies
12.3.1 Increased Production of Protein-Based Drugs is Expected to Propel the Growth of the Market for Biotechnology & Pharmaceutical Companies
12.4 Academic & Research Institutes
12.4.1 Increase in Funding for Life Science and Biotechnology Research From Governments and Non-Profit Organizations Supports the Growth of This Segment
13 Laboratory Centrifuge Market, By Region
13.1 Introduction
13.2 North America
13.2.1 US
13.2.1.1 The US is Expected to Command the Largest Share of the Laboratory Centrifuges Market in North America
13.2.2 Canada
13.2.2.1 Investment Initiatives are Supporting the Growth of the Life Sciences Instrumentation Market in Canada
13.3 Europe
13.3.1 Germany
13.3.1.1 Germany is Expected to Command the Largest Share of the Laboratory Centrifuges Market in Europe
13.3.2 France
13.3.2.1 France has One of the Largest Biotechnology and Pharmaceutical Industries in Europe
13.3.3 UK
13.3.3.1 Funding for R&D and New and Innovative Products Currently Undergoing Clinical Trials are Expected to Drive the Market
13.3.4 Rest of Europe
13.4 Asia
13.4.1 China
13.4.1.1 China is Expected to Command the Largest Share of the Laboratory Centrifuges Market in Asia
13.4.2 Japan
13.4.2.1 The Growth of the Laboratory Centrifuges Market in Japan is Primarily Driven By the Implementation of Favorable Government Initiatives
13.4.3 India
13.4.3.1 Improving Healthcare Infrastructure in the Country and Rising Incidence of Various Diseases That Require Early-Stage Diagnosis to Drive the Market
13.4.4 Rest of Asia
13.5 Rest of the World
14 Competitive Landscape
14.1 Overview
14.2 Market Share Analysis
14.3 Competitive Scenario
14.3.1 Partnerships and Agreements (2015-2018)
14.3.2 Product Launches (2015-2018)
14.3.3 Acquisitions (2015-2018)
14.3.4 Expansions (2015-2018)
15 Company Profiles
15.1 Thermo Fisher Scientific Inc.
15.2 Danaher Corporation
15.3 Eppendorf AG
15.4 Kubota Corporation
15.5 Sigma Laborzentrifugen
15.6 Nuaire
15.7 Qiagen N.V.
15.8 Becton, Dickinson and Company
15.9 Andreas Hettich GmbH & Co.Kg
15.10 Hermle Labortechnik GmbH
15.11 Sartorius AG
15.12 Koki Holdings Co.,Ltd (Previously Hitachi Koki)
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