Categories: Healthcare

Global Medical Centrifuge Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

A medical centrifuge is a machine that uses centrifugal force to separate different densities of items, remove moisture, or simulate gravity forces. These are used in various laboratories to separate fluids, gases, or liquids based on density.

Sizing and Forecast

The medical centrifuge market size has grown strongly in recent years. It will grow from $1.96 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to scientific advancements, healthcare industry growth, biomedical research developments, clinical diagnostics evolution, safety standards improvement..

The medical centrifuge market size is expected to see strong growth in the next few years. It will grow to $2.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rise in healthcare expenditure, point-of-care testing growth, demand for specialized centrifuges, digitalization and connectivity expansion, focus on energy efficiency.. Major trends in the forecast period include compact and portable designs, automation and integration, specialized centrifugation, advancements in rotor technology, energy efficiency and sustainability..

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Segmentation & Regional Insights

The medical centrifuge market covered in this report is segmented –

1) By Type: Bench-top, Floor-Standing, Tabletop, Portable
2) By Capacity: Microcentrifuge, Medium Capacity Centrifuge, Large Capacity Centrifuge
3) By Temperature: Refrigerated Centrifuge, Non-refrigerated Centrifuge
4) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Other End Users

North America was the largest region in the medical centrifuge market in 2023. Asia-Pacific is expected to be the fastest-growing region in the medical centrifuge market report during the forecast period. The regions covered in the medical centrifuge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

A growing number of research and development activities are expected to propel the growth of the medical centrifuge market going forward. Research and development operations are used to enquire and obtain market knowledge before the commencement of the development process in order to build and launch new goods and services to the market and boost the bottom line of the business. Centrifuges are frequently employed in research and clinical facilities to purify cells, organelles, viruses, proteins, and nucleic acids. For instance, in July 2022, according to the Accelerating Access to Genomics for Global Health report issued by the World Health Organization (WHO), a Switzerland-based specialized health agency of the United Nations, due to the increasing investment made by the countries during the COVID-19 pandemic, the percentage of nations equipped to conduct genomic surveillance rose from 54% to 68% between March 2021 and January 2022. Therefore, the growing number of research and development activities is driving the growth of the market for medical centrifuges.

Key Industry Players

Major companies operating in the medical centrifuge market are focused on developing advanced solutions, such as DynaSpin technology solutions, to enhance efficiency in large-scale cell culture harvesting for bioprocessing. The DynaSpin technology refers to centrifugation technology aimed to optimize the harvest process by reducing the number of depth filtration cartridges required. For instance, in September 2022, Thermo Fisher Scientific, a US-based Biotechnology company launched the Thermo Scientific DynaSpin Single-Use Centrifuge system, aiming to optimize large-scale cell culture harvesting. It reduces the need for depth filtration cartridges, enhancing efficiency while maintaining or improving product yield. This innovation significantly cuts material requirements, reducing waste by 70% compared to conventional systems. Designed for compatibility with the 5,000-liter Thermo Scientific DynaDrive Bioreactor. DynaSpin technology prioritizes environmental considerations and performance, aiming to support global accessibility to therapeutics and vaccines. The DynaSpin system offers scalability, quick changeovers, reduced downtime, and minimized contamination risks in workflow, featuring an ergonomic design for easy operation and maintenance.

The medical centrifuge market report table of contents includes:

1. Executive Summary

2. Medical Centrifuge Market Characteristics

3. Medical Centrifuge Market Trends And Strategies

4. Medical Centrifuge Market – Macro Economic Scenario

5. Global Medical Centrifuge Market Size and Growth

…..

31. Global Medical Centrifuge Market Competitive Benchmarking

32. Global Medical Centrifuge Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Medical Centrifuge Market

34. Medical Centrifuge Market Future Outlook and Potential Analysis

35. Appendix