Laboratory Centrifuge Market by Product (Equipment (Microcentrifuge/Ultracentrifuge), Accessories), Rotor Design, Intended Use, Application (Diagnostic/Microbiology/Proteomics/Genomics), End User (Hospital/Biotech/Pharmaceutical) - Global Forecast to 2020 - 2025

Report Code: HCR 0549 Report Format: PDF + Excel (Delivery in 48 Hrs)
Laboratory Centrifuge Market Overview
Laboratory Centrifuge Market size is forecast to reach $ 1.34 billion by 2025, growing at a CAGR of 2.7% during the forecast period 2020-2025. Laboratory centrifuge is a device that is used for the separation of fluids, gas or liquid, based on density. Separation is achieved by spinning a vessel containing material at high speed, the centrifugal force pushes heavier materials to the outside of the vessel. This apparatus is found in most laboratories from academic to clinical to research and used to purify cells, subcellular organelles, viruses, proteins, and nucleic acids. Growing innovation in the field of laboratory centrifuges, introduction of innovative products such as high-speed centrifuges, and increasing prevalence and incidence of diseases such as HIV and hepatitis are driving the market growth in recent years. In addition, major market development of key players like Eppendorf AG are additional factors driving the growth of the market.

Report Coverage
The report: “Laboratory Centrifuge Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Laboratory Centrifuge Market.
By Product: Benchtop, and Floor Standing
By Rotor Design: Bucket Rotors, Fixed Angle Rotors, Vertical Rotors, and Others
By Usage: General Purpose, Clinical, Preclinical, and Preparative
By Application: Microbiology, Diagnostics, Cellonomics, Proteomics, Genomics, Blood Component Separation, and Others
By End Use: Hospitals, Biotechnology & Pharmaceutical, and Academic & Research
By Geography: North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Key Takeaways
  • North America dominated the Laboratory Centrifuge Market in the year 2019 owing to presence of key market players, increasing healthcare research activity and high demand for advanced centrifuge equipment in the region. The Laboratory Centrifuge Market scope for different regions will be provided in the final report.
  • Growing innovation in the field of laboratory centrifuges, introduction of innovative products such as high-speed centrifuges, and increasing prevalence and incidence of diseases such as HIV and hepatitis is estimated to drive the industry growth during the forecast period 2020-2025.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Laboratory Centrifuge Market report.
  • High cost associated with laboratory centrifuge devices is anticipated to hamper the market growth of the Laboratory Centrifuge Industry.

Product - Segment Analysis
Benchtop Centrifuges held the largest share in the product segment of Laboratory Centrifuge Market in 2019, and are estimated to grow at a CAGR of 3.5% during the forecast period 2020-2025. According to Centers for Disease Control and Prevention in 2016, U.S. had more than 1 lakh people going through the treatment of end stage kidney disease (ESKD). Since the adoption of these centrifuges for disease diagnosis and sample filtration has increased rapidly, the market has seen considerable growth in the past few years. There is a significant increase in R&D activity and technological advancement in laboratory centrifuges, which is poised to drive the market growth in the upcoming years. It is estimated that Benchtop Centrifuges will continue to be the fastest growing segment and will register the highest CAGR during the forecast period 2020-2025. New innovations in benchtop centrifuges, such as touch screen feature and demand for smooth workflow in the laboratories is set to drive the market growth in the upcoming years.

End Use - Segment Analysis
Hospitals held the major share in the end use segment of Laboratory Centrifuge Market in 2019. Rising occurrence of diseases, growing consciousness about initial diagnosis and treatment, increasing demand for blood, availability of technologically advanced and novel centrifuges for blood separation, and growing number of hospitals, mainly in developing countries are driving the demand of this segment. This has led to considerable increase in market growth of the segment in recent years. Academics and Research is forecast to grow at the fastest rate with the highest CAGR during the forecast period 2020-2025, owing to increasing demand of research and innovation for new products.

Geography - Segment Analysis
North America dominates the geography segment of Laboratory Centrifuge Market with a share of more than 40.11% in 2019, followed by Europe. Presence of key market players, increasing healthcare research activity and high demand for advanced centrifuge equipment in the region are helping in significant market growth in the region. Europe held the second place in the geography segment share of the market. In Europe, presence of large number of research centers for laboratory centrifuges and entry of new market players in the region have helped in significant market growth in the region.

Asia-Pacific is estimated to grow at the fastest rate at a higher CAGR during the forecast period 2020-2025. This is owing to increasing prevalence of diseases among the geriatric population, rising demand for in vitro diagnostic products and emphasis on product launches by key market players.

Drivers – Laboratory Centrifuge Market
  • Growing innovation in the field of laboratory centrifuges
Laboratory centrifuge market held significant industry share owing to increasing infectious disease prevalence and growing elderly population. Increasing investment in research and development in life-sciences and biotechnology will further propel demand. The laboratory centrifuge presents a lucrative future opportunity owing to the developing healthcare infrastructure along with increasing healthcare expenditure. This is set to drive the market growth in the forecast years 2020-2025.
  • Increasing incidence of diseases
The burden of chronic diseases is rapidly increasing worldwide. It has been calculated that, in 2001, chronic diseases contributed approximately 60% of the 56.5 million total reported deaths in the world and approximately 46% of the global burden of disease. Innovation of new products for their treatment propels the market growth. This is set to help in market growth during the forecast period 2020-2025.

Challenges – Laboratory Centrifuge Market
  • High cost associated with laboratory centrifuge devices
Centrifuges are expensive instruments, and require significant expenditure post-purchase for regular and crucial maintenance. The high cost of these instruments can be attributed to their complex design, rotors, and microprocessors. The ultracentrifuges are among the most-expensive equipment. This is poised to gradually strain the demand for laboratory centrifuge in this market. Thus, it is anticipated to hamper the market growth during the forecast period 2020-2025.

Laboratory Centrifuge Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Laboratory Centrifuge Market. In 2019, the top players present in the market consolidate Laboratory Centrifuge Market share. Laboratory Centrifuge Market top 10 companies are Thermo Fisher Scientific, Inc., Danaher Corporation, Eppendorf AG, Sigma Laborzentrifugen GmbH, Andreas Hettich GmbH & Co. KG, Kubota Corporation, Koki Holdings Co., Hitachi Koki Co., Ltd, QIAGEN N.V. and NuAire among others.

Acquisitions/Product Launches
  • In March 2020, Eppendorf acquired centrifuge business of Koki Holdings Co., Ltd., including the premium himac brand. A corresponding agreement was signed by both companies in Tokyo. The acquisition helped Eppendorf AG to expand its centrifuge business and solidifies its strong market position.
1. Laboratory Centrifuge Market Overview
    1.1 Definitions and Scope
2. Laboratory Centrifuge Market- Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Technology
    2.3 Key trends by End Use
    2.4 Key trends by Geography
3. Laboratory Centrifuge Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Laboratory Centrifuge Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Laboratory Centrifuge Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Laboratory Centrifuge Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Laboratory Centrifuge Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Laboratory Centrifuge Market– By Product (Market Size – $Million/$Billion)
    8.1 Benchtop
    8.2 Floor Standing
9. Laboratory Centrifuge Market – By Rotor Design (Market Size – $Million/$Billion)
    9.1 Bucket Rotors
    9.2 Fixed Angle Rotors
    9.3 Vertical Rotors
    9.4 Others
10. Laboratory Centrifuge Market – By Usage (Market Size –$Million/$Billion)
    10.1 General Purpose
    10.2 Clinical, Preclinical
    10.3 Preparative General Purpose
    10.4 Clinical
    10.5 Preclinical
    10.6 Preparative
11. Laboratory Centrifuge Market – By Application (Market Size – $Million/$Billion)
    11.1 Microbiology
    11.2 Diagnostics
    11.3 Cellonomics
    11.4 Proteomics
    11.5 Genomics
    11.6 Blood Component Separation
    11.7 Others
12. Laboratory Centrifuge Market – By End Use (Market Size – $Million/$Billion)
    12.1 Hospitals
    12.2 Biotechnology & Pharmaceutical
    12.3 Academic & Research
13. Laboratory Centrifuge Market - By Geography (Market Size – $Million/$Billion)
    13.1 North America
        13.1.1 U.S.
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 U.K.
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 India
        13.3.3 Japan
        13.3.4 South Korea
        13.3.5 Australia & New Zealand
        13.3.6 Rest of Asia-Pacific
    13.4 Rest of the World
        13.4.1 Middle East
        13.4.2 Africa
        13.4.3 South America
14. Laboratory Centrifuge Market- Entropy
15. Laboratory Centrifuge Market – Industry/Segment Competition Landscape Premium 
    15.1 Market Share Analysis
        15.1.1 Global Market Share – Key Companies
        15.1.2 Market Share by Region– Key companies
        15.1.3 Market Share by Countries – Key Companies
        15.1.4 Best Practices for Companies
16. Laboratory Centrifuge Market – Key Company List by Country Premium Premium
17. Laboratory Centrifuge Market Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.