Categories: Healthcare

Laboratory Centrifuge Market Growth and Forecast 2024-2033

The Medical Centrifuge by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Medical Centrifuge, 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..

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.

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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

Product innovation is a key trend gaining popularity in the medical centrifuge market. Major companies operating in the market are introducing innovative products to sustain their position in the medical centrifuge market. For instance, in April 2021, Eppendorf AG, a German-based developer, producer, and seller of products and services for laboratories, launched a new centrifuge designed to increase efficiency in the laboratory, the Centrifuge 5910 Ri. An innovative touchscreen interface allows for quick setting of desired parameters, while new documentation options and three levels of user management deliver enhanced security and traceability. The optional connection to the new VisioNize Digital Lab Suite allows notification of alarms and events, remote monitoring of the device, and convenient access to important documents such as certificates and operating manuals.

The medical centrifuge market report table of contents includes: