Laboratory Centrifuge Market Size, Share, Industry Trends and Forecast to 2030

Laboratory Centrifuge Market Size & CAGR in 2021

The global laboratory centrifuge market is estimated to have a growth rate of 5.2% CAGR from 2021 to 2025. The market size is expected to reach USD 2.5 billion by the end of 2021.

COVID-19 Impact on the Laboratory Centrifuge Market

The COVID-19 pandemic had a significant impact on the laboratory centrifuge market. Due to lockdowns and restrictions, many research institutions and laboratories faced disruptions in their operations, leading to a temporary slowdown in the market growth. However, with the emphasis on testing and research related to COVID-19, there was a surge in demand for laboratory centrifuges for sample preparation and analysis.

Laboratory Centrifuge Dynamics

The laboratory centrifuge market is driven by advancements in technology, increasing prevalence of chronic diseases, and growing focus on research and development activities. The market is also influenced by factors such as rising demand for personalized medicine, expanding applications of centrifuges in various industries, and the emergence of automated centrifuge systems.

Segments and Related Analysis

The laboratory centrifuge market can be segmented based on product type, rotor design, application, end-user, and region. Product types include benchtop centrifuges, floor-standing centrifuges, microcentrifuges, and ultracentrifuges. Rotor designs can be fixed-angle rotors or swinging bucket rotors. Applications of laboratory centrifuges range from clinical diagnostics to research and development. End-users include hospitals, diagnostic laboratories, academic and research institutions, and biopharmaceutical companies.

By Region Analysis

In terms of regional analysis, North America holds the largest market share in the laboratory centrifuge market due to the presence of key market players, high investments in R&D activities, and advanced healthcare infrastructure. Europe follows closely behind, driven by increasing government funding for research projects and growing adoption of centrifuges in diagnostic laboratories. The Asia-Pacific region is expected to witness significant growth with rising healthcare expenditure and expanding pharmaceutical and biotechnology industries.

Key Market Players and Competitive Landscape

Some of the key players in the laboratory centrifuge market include Thermo Fisher Scientific Inc., Eppendorf AG, Danaher Corporation, Hitachi Koki Co., Ltd., and Becton, Dickinson and Company. These companies focus on product innovations, strategic partnerships, and acquisitions to maintain their competitive edge in the market.

Recent Happenings in the Laboratory Centrifuge Market

In recent developments, Thermo Fisher Scientific launched a new line of benchtop centrifuges with advanced features for improved sample processing. Eppendorf AG introduced a compact microcentrifuge for quick and efficient sample preparation. Danaher Corporation announced a collaboration with a leading research institution to develop innovative rotor designs for centrifuges. These developments highlight the continuous efforts of market players to enhance product offerings and meet the evolving needs of the laboratory centrifuge market.