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Global Laboratory Centrifuge Market Future Outlook

The Laboratory Centrifuge Global Market Report 2023 by The Business Research Company, provides laboratory centrifuge market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Laboratory Centrifuge Global Market Report 2023, the global laboratory centrifuge market size grew from $1.45 billion in 2022 to $1.52 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global laboratory centrifuge is expected to grow to $1.83 billion in 2027 at a CAGR of 4.7%.

The emergence of infectious diseases is driving the growth of the laboratory centrifuge market. Diseases such as SARS, the Zika virus, Ebola, and COVID-19 have increasingly led to infections in various parts of the world, leading to an increase in the global disease burden. It is estimated that zoonotic infectious agents (infectious diseases of animals that evolve to infect human hosts) constitute about 60% of the known human pathogens and up to 75% of emerging human pathogens. Climate change is expected to bring major changes to the epidemiology of infectious diseases through changes in microbial and vector geographic ranges. Microbes can adapt to higher temperatures, and thus there is a growing concern that global warming will select for microbes with higher heat tolerance that can defeat human endothermy defenses, bringing new infectious diseases, and changing the epidemiology of many existing diseases. Laboratory centrifuge systems are used for cell, organelle, virus, protein, and nucleic acid purification. Thus, the emergence of infectious diseases drives the demand for lab testing solutions, hence driving the laboratory centrifuge market.

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The laboratory centrifuge market is segmented:

1) By Product: Equipment, Accessories

2) By Model Type: Benchtop Centrifuges, Floor-Standing Centrifuges

3) By Rotor Design: Fixed-Angle Rotors, Swinging-Bucket Rotors, Vertical Rotors, Other Rotors

4) By Application: Diagnostics, Microbiology, Cellomics, Genomics, Proteomics, Blood Component Separation, Other Applications

5) By End User: Hospitals, Biotechnology And Pharmaceutical Companies, Academic And Research Institutions

Technological advancements are a key trend gaining popularity in the laboratory centrifuge market. Companies in the laboratory centrifuge market are focusing on developing better and more efficient devices with advanced workflows. For instance, in 2021, Germany-based life science company Eppendorf launched a new centrifuge designed to increase efficiency in the laboratory, the Centrifuge 5910 Ri. The new device offers scientists advanced features to simplify and accelerate the centrifugation steps of their workflow and allows for remote monitoring of the device.

The laboratory centrifuge market report table of contents includes: