MarketResearch.biz announces publication of its most recently generated research report titled, “Global Laboratory Centrifuge Market by Product Type (Equipment, Accessories), By Application (Microbiology, Cellomics, Diagnostic, Proteomics, Other Application), By End-User (Hospitals & Diagnostic Centers, Academic and Research Institutes, Blood Banks, Pharmaceutical and Biotechnology), and Region – Global Forecast to 2021 and 2030.”, which offers a holistic view of the global laboratory centrifuge market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2021–2025) is projected to be over US$ 7.3 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
A laboratory centrifuge is a part of the laboratory instrument, driven by a motor, which spins liquid samples at high speed. A centrifuge is a device that used for the separation of liquids, gas or fluids, based on density. It used for cell culture separation, DNA/RNA separation, blood sample separation, etc. It used for various purposes, such as the study of viruses, proteins, and polymers. Also, it used for the analysis of foreign particles, novel molecule development in drug discovery, and analysis of foreign particles specimen preparation.
Global Laboratory Centrifuge Market: Market Dynamics
Increasing prevalence and incidence of diseases such as HIV, Cancer, Hepatitis, and others is a key factor expected to augment the revenue growth of the global laboratory centrifuge market. Increasing geriatric population across the globe has driven the development of advanced devices in order to various chronic diseases such as cancer, heart diseases, and others. This is another factor proliferating the growth of the target market over the forecast period.
Stringent regulations for laboratory centrifuge with respect to excessive noise in the laboratory, disposal of the instrument, and others is a factor expected to hamper the growth of the target market. There has been an increase in the investments and initiatives by leading organizations and governments to improve health care infrastructure, which has led to a rise in research and development activities. This factors will act as lucrative opportunities for the players operating in the target market.
Global Laboratory Centrifuge Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global laboratory centrifuge market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global laboratory centrifuge market is estimated to expand at a moderate CAGR of 3.6% during the forecast period.
Global Laboratory Centrifuge Market: Segmental Snapshot
The market report has been segmented on the basis of product type, application, end-user, and region. The product type segment include equipment and accessories the application segment include microbiology, cellomics, diagnostic, proteomics, and other applications. The end-user segment include hospitals & diagnostic centers, academic and research institutes, blood banks, pharmaceutical and biotechnology. The region covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By product type: The baking equipment segment is expected to register a CAGR of over 2.9%, thereby accounting for highest revenue share among the product type segments.
By application: The microbiology segment is expected to register a CAGR of over 3.1% over the forecast period, thereby accounting for highest revenue share among the application segments.
By end-user: The hospitals & diagnostic centers segment is expected to register a CAGR of over 3.3%, thereby accounting for highest revenue share among the end-user segments.
By region: The market in North America accounted for highest revenue share in the global laboratory centrifuge market in 2018, and is estimated to register a CAGR of over 3.1% between 2021 and 2030.
Global Laboratory Centrifuge Market: Competitive Analysis
The research report on the global laboratory centrifuge market includes profiles of major companies such as Danaher Corporation (Beckman Coulter, Inc.), Kubota Corporation, Koki Holdings Co., Ltd, Qiagen, NuAire, Sartorius AG, Thermo Fisher Scientific Inc, Eppendorf AG, Sigma Laborzentrifugen GmbH, and Andreas Hettich GmbH & Co. KG.
The Global Laboratory Centrifuge Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2021–2025 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global laboratory centrifuge market for 2021–2030.
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