Laboratory Centrifuge Market to Become Worth US$1,833.29 mn by 2025

Global Laboratory Centrifuge Market: Overview

Multiple types of laboratory centrifuge are available to meet the specific requirement of component separation. These are usually classified as the microcentrifuge, medium capacity centrifuge, and large capacity centrifuge. The widening applications of laboratory centrifuges are expected to drive the global market in the coming years. The growing number of diagnostic centers is expected to be the key growth driver for the global market. According to the research report, the global laboratory centrifuge market is expected to be worth US$1,833.29 mn by the end of 2025 as it climbs up from US$1,400.00 mn in 2016. During the forecast years of 2017 and 2025, the global laboratory centrifuge market is expected to rise at a CAGR of 3.1%.

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Microcentrifuge to Remain Popular as Hospitals and Diagnostic Centers Show Steady Uptake

The global laboratory centrifuge market is segmented into five broad segments on the basis of capacity, components, temperature, end-user and geography. By capacity, the market is segmented into microcentrifuge, medium capacity centrifuge and large capacity centrifuge. Microcentrifuge segment accounted for leading share and is projected to slightly lose its market share to medium capacity centrifuge by the end of 2025. Hospitals and diagnostic centers are the key shareholders of microcentrifuges. Medium capacity centrifuge segment is anticipated to record highest growth rate during the forecast period owing to multiple applications of these equipments in the life science industry and its ability to accommodate different types, sizes and volume of centrifuge tubes. Large capacity centrifuges are widely used by the biopharmaceutical companies for batch production, sample preparation, cell harvesting and microfiltration of aqueous solutions. Also large capacity centrifuges are being frequently used by the blood banks for blood component separation.

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The global laboratory centrifuge market by component is segmented into instruments and rotors. Instruments segment dominated the market and is projected to lose its market share to rotors segment. The rotors are further sub-segmented into fixed angle rotors, swing out rotors and fixed angle rotors. The swing out rotors segment is projected to record highest growth rate during the forecast period and is anticipated to marginally gain its market share by the end of 2025. By temperature, market is segmented into refrigerated centrifuge and non-refrigerated centrifuge. The end-user for laboratory centrifuge includes the hospitals and diagnostic centers, pharmaceutical and biotechnology companies, blood banks and academic and research institutes.

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