This report provides exclusive insights into the COVID-19 impact on the Laboratory Centrifuge Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Laboratory Centrifuge Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Laboratory Centrifuge Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.