According to a new market report from M&M, the global laboratory centrifuges market is expected to reach USD 1.74 billion by 2020 from USD 1.53 billion in 2015, growing at a CAGR of 2.5% during the period.
Centrifuges are a critical tool in the clinical laboratory setting for the separation of liquid and solid components in samples. The device spins liquid samples at a high speed using centrifugal force and provides a uniform, layered separation of the components. Applications include separation of blood cells from serum/plasma, separation of sediment from urine, and measurement of the volume fractions of erythrocytes in blood.
The report classifies the global centrifuge market on the basis of product type, rotor design, intended use, application and end user. The market is further segmented based on product type into diverse centrifuge models and accessories. The end user market segments include hospitals, academic and research institutions, biotechnology and pharmaceutical companies, and other users.
The major factors fuelling the growth of the market are –
- Increasing prevalence and incidence of diseases
- Growth in research activities in the area of life sciences and biotechnology
- New product launches
- Technological advancements
These factors drive the demand for different types of laboratory centrifuges such as microcentrifuges, ultracentrifuges, multipurpose and floor-standing models. However, the report says that long equipment life spans are a barrier to the growth of the market.
Geographically, Asia is expected to be the fastest-growing market for lab centrifuges. Market growth in this region can be attributed to the increased focus of companies on emerging markets and increasing outsourcing of clinical trials to contract research organizations.
The report identifies the leading manufacturers of centrifuges as Thermo Fisher Scientific, Inc. (U.S.), Beckman Coulter, Inc. (U.S.), Eppendorf AG (Germany), Kubota Corporation (Japan), and Sigma Laborzentrifugen GmbH (Germany).