A recent report published by Infinium Global Research on laboratory centrifuge market provides in-depth analysis of segments and sub-segments in the global as well as regional laboratory centrifuge market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional laboratory centrifuge market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global laboratory centrifuge market. According to the report, the global laboratory centrifuge market is projected to grow at a CAGR of 3.4% over the forecast period of 2019-2025.
A laboratory centrifuge is an equipment that is used for separation of fluids, gas or liquid, based on density. This equipment can be used for blood sample separation, cell culture separation, DNA/RNA separation and other purposes like the study of virus, polymers, and proteins. Also, these equipment are used for sample preparation, molecule development in drug discovery and study of foreign particles. The global laboratory centrifuge market is expected to grow at a success rate over the forecast period.
The rising occurrence of chronic diseases like cancer is one of the major factors for the growth of the laboratory centrifuge market across the globe. Growth in the geriatric population having a higher susceptibility to diseases because of low immunity power also boosts the growth of the market. Growth in the adoption of automation techniques in hematology and growing private and healthcare investment are the other factors for the growth of the laboratory centrifuge market. However, reduced sales of the equipment due to extended lifespan and the high cost of equipment are some of the major factors restraining the growth of the market. Moreover, the untapped application of laboratory centrifuges coupled with quick growth and the growing number of diagnostic laboratories across the globe creates an opportunity for the growth of the laboratory centrifuge market in the upcoming years.
In terms of region, the global laboratory centrifuge market is segmented into North America, Europe, Asia-Pacific and the Rest of the World. Among all, North America is leading the global laboratory centrifuge market and is expected to dominate the market during the forecast period. This is attributed to the large base of the biopharmaceutical industry and diagnostics laboratories in the North America region. The Asia-Pacific is estimated to grow at a faster rate due to rapidly improving healthcare facilities in countries like India, China, South Korea, and Malaysia. Latin America and the Middle East & Africa region is anticipated to maintain steady growth rates throughout the forecast period.
The report on global laboratory centrifuge market covers segments such as product type, rotor design, intended use, application, and end user. On the basis of product type, the sub-markets include equipment, and accessories. On the basis of rotor design, the sub-markets include fixed-angle rotors, swinging-bucket rotors, vertical rotors, and other rotors. On the basis of intended use, the sub-markets include general purpose centrifuges, clinical centrifuges, and preclinical centrifuges. On the basis of application, the sub-markets include diagnostics, microbiology, cellomics, genomics, proteomics, blood component separation, and other applications. On the basis of end user, the sub-markets include hospitals, biotechnology & pharmaceutical companies, and academic and research institutions.
The report provides profiles of the companies in the market such as Thermo Fisher Scientific, Inc., QIAGEN N.V., Hitachi Koki Co., Ltd., Sartorius AG, Beckman Coulter, Inc., Sigma Laborzentrifugen GmbH, Agilent Technologies, Inc., Eppendorf Group, Neuation, Bio-Rad Laboratories, Inc., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of laboratory centrifuge market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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