Dublin, Nov. 13, 2018 (GLOBE NEWSWIRE) -- The "Laboratory Centrifuge Market by Product (Equipment (Multipurpose, Ultracentrifugation), Accessories (Rotor, Tube, Bucket, Plate)), Model (Benchtop, Floor standing), Application (Microbiology, Proteomics) & End User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Increasing R&D activity and technological advancements are expected to drive the overall growth of laboratory centrifuges market
The laboratory centrifuges market is expected to reach USD 1.2 billion by 2023 from USD 1.1 billion in 2018, at a CAGR of 2.8%
Market growth is primarily driven by factors such as technological advancements, increasing research, and a high prevalence of target diseases. However, the market faces major challenges in the form of mechanical failure of equipment (caused due to improper maintenance of rotors) and the release of harmful chemicals in the centrifugation of certain substances. The low replacement value of centrifuges (due to their long lifespans) may hinder market growth.
The accessories segment is expected to grow at the highest CAGR during the forecast period.
On the basis of product type, the laboratory centrifuges market is segmented into equipment and accessories. The accessories segment is estimated to grow at the highest CAGR during the forecast period owing to the requirement of the repeated purchase of accessories such as tubes, bottles, and buckets.
The diagnostics segment is expected to hold the largest market share during the forecast period.
Based on application, the laboratory centrifuges market is segmented into diagnostics, microbiology, cellomics, genomics, proteomics, blood component separation, and other applications. In 2018, the diagnostics segment is expected to account for the largest share of the laboratory centrifuges market. The rising prevalence of various diseases and the focus on ensuring early disease diagnosis are the major factors driving the growth of the laboratory centrifuges market for this application segment.
Asia to grow at the highest CAGR during the forecast period.
The laboratory centrifuges market has been segmented into four major regions, namely, North America, Europe, Asia, and the Rest of the World (RoW). Currently, North America dominates the laboratory centrifuges market, and this trend is expected to continue during the forecast period. However, the market in Asia is estimated to grow at the highest CAGR during the forecast period. The presence of emerging economies such as China and India and the increasing R&D investments by pharmaceutical and biotechnology companies in this region are the major factors supporting the growth of the Asian laboratory centrifuges market.
Research Coverage:
The report provides a picture of the laboratory centrifuges market. It aims at estimating the market size and future growth potential of this market across different segments such as product type, model type, rotor design, intended use, application, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall laboratory centrifuges market and its subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Secondary Data
2.2 Primary Data
2.3 Market Size Estimation
2.4 Market Breakdown and Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Laboratory Centrifuge Market: Overview
4.2 Laboratory Centrifuges Market, By Product Type
4.3 Laboratory Centrifuges Equipment Market, By Type
4.4 Laboratory Centrifuge Equipment Market, By Rotor Design
4.5 Laboratory Centrifuge Equipment Market, By Model Type
4.6 Laboratory Centrifuge Market, By Intended Use
4.7 Laboratory Centrifuges Market, By End User
4.8 Geographic Snapshot
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing R&D Activity
5.2.1.2 Technological Advancements
5.2.1.3 High Prevalence of Diseases
5.2.2 Restraints
5.2.2.1 Long Equipment Lifespans
5.2.2.2 High Equipment Cost
5.2.3 Opportunities
5.2.3.1 Emerging Economies
5.2.4 Challenges
5.2.4.1 Possibility of Mechanical Failure
5.2.4.2 Release of Harmful Aerosols
6 Regulatory Scenario
6.1 Introduction
6.2 Standards and Certifications
7 Laboratory Centrifuge Market, By Product Type
7.1 Introduction
7.2 Equipment
7.2.1 Multipurpose Centrifuges
7.2.2 Microcentrifuges
7.2.3 Ultracentrifuges
7.2.3.1 Preparative Ultracentrifuges
7.2.3.1.1 Preparative Ultracentrifuges are Expected to Account for the Largest Share of the Ultracentrifuges Market
7.2.3.2 Analytical Ultracentrifuges
7.2.3.2.1 Analytical Ultracentrifuges are Used to Determine Sedimentation Velocity and Equilibrium
7.2.4 Minicentrifuges
7.2.5 Other Centrifuges
7.3 Accessories
7.3.1 Rotors
7.3.2 Tubes
7.3.3 Centrifuge Bottles
7.3.4 Centrifuge Buckets
7.3.5 Plates
7.3.6 Other Accessories
8 Laboratory Centrifuge Equipment Market, By Model Type
8.1 Introduction
8.2 Benchtop Centrifuges
8.2.1 Benchtop Centrifuges are Expected to Account for the Larger Share of the Laboratory Centrifuge Equipment Market
8.3 Floor-Standing Centrifuges
8.3.1 Floor-Standing Centrifuges are Suitable for Centrifuging High Volumes of Standard Tubes and Processing Large Volume Samples
9 Laboratory Centrifuge Equipment Market, By Rotor Design
9.1 Introduction
9.2 Fixed-Angle Rotors
9.2.1 Fixed-Angle Rotors are Expected to Account for the Largest Share of the Laboratory Centrifuge Equipment Market
9.3 Swinging-Bucket Rotors
9.3.1 Versatility, Increased Use of Clinical Centrifuges, and Increasing Research on Tissue Cultures are Driving the Adoption of Swinging-Bucket Rotors
9.4 Vertical Rotors
9.4.1 Vertical Rotors Find Applications in Isopycnic Separation
9.5 Other Rotors
10 Laboratory Centrifuges Market, By Intended Use
10.1 Introduction
10.2 General Purpose Centrifuges
10.2.1 General Purpose Centrifuges are Expected to Account for the Largest Share of the Laboratory Centrifuge Market
10.3 Clinical Centrifuges
10.3.1 Clinical Centrifuges Find Applications in Clinical Chemistry, Clinical Microbiology, Hematology, Immunology, Blood Banking, and Other Clinical Studies
10.4 Preclinical Centrifuges
10.4.1 Increasing Collaborations to Facilitate Preclinical Trials and Rising Number of Diseases Such as Cancer to Drive Market Growth
11 Laboratory Centrifuge Market, By Application
11.1 Introduction
11.2 Diagnostics
11.2.1 Diagnostic Applications Account for the Largest Share of the Laboratory Centrifuge Market
11.3 Microbiology
11.3.1 Rising Research in Microbiology to Increase the Demand for Centrifuges
11.4 Cellomics
11.4.1 Increasing Research Trends in Cellomics and A Substantial Increase in Disease Prevalence are the Major Factors Driving Market Growth
11.5 Genomics
11.5.1 Genomics is the Fastest-Growing Application Segment of the Laboratory Centrifuges Market
11.6 Proteomics
11.6.1 Increasing Importance of Proteomics Research Across All Areas of Biological Research and Availability of Grants and Funding is Aiding Market Growth
11.7 Blood Component Separation
11.7.1 Increasing Prevalence of Blood-Related Diseases to Drive Market Growth
11.8 Other Applications
12 Laboratory Centrifuge Market, By End User
12.1 Introduction
12.2 Hospitals
12.2.1 Hospitals are the Major End Users of Laboratory Centrifuges
12.3 Biotechnology & Pharmaceutical Companies
12.3.1 Increased Production of Protein-Based Drugs is Expected to Propel the Growth of the Market for Biotechnology & Pharmaceutical Companies
12.4 Academic & Research Institutes
12.4.1 Increase in Funding for Life Science and Biotechnology Research From Governments and Non-Profit Organizations Supports the Growth of This Segment
13 Laboratory Centrifuge Market, By Region
13.1 Introduction
13.2 North America
13.2.1 US
13.2.1.1 The US is Expected to Command the Largest Share of the Laboratory Centrifuges Market in North America
13.2.2 Canada
13.2.2.1 Investment Initiatives are Supporting the Growth of the Life Sciences Instrumentation Market in Canada
13.3 Europe
13.3.1 Germany
13.3.1.1 Germany is Expected to Command the Largest Share of the Laboratory Centrifuges Market in Europe
13.3.2 France
13.3.2.1 France has One of the Largest Biotechnology and Pharmaceutical Industries in Europe
13.3.3 UK
13.3.3.1 Funding for R&D and New and Innovative Products Currently Undergoing Clinical Trials are Expected to Drive the Market
13.3.4 Rest of Europe
13.4 Asia
13.4.1 China
13.4.1.1 China is Expected to Command the Largest Share of the Laboratory Centrifuges Market in Asia
13.4.2 Japan
13.4.2.1 The Growth of the Laboratory Centrifuges Market in Japan is Primarily Driven By the Implementation of Favorable Government Initiatives
13.4.3 India
13.4.3.1 Improving Healthcare Infrastructure in the Country and Rising Incidence of Various Diseases That Require Early-Stage Diagnosis to Drive the Market
13.4.4 Rest of Asia
13.5 Rest of the World
14 Competitive Landscape
14.1 Overview
14.2 Market Share Analysis
14.3 Competitive Scenario
14.3.1 Partnerships and Agreements (2015-2018)
14.3.2 Product Launches (2015-2018)
14.3.3 Acquisitions (2015-2018)
14.3.4 Expansions (2015-2018)
15 Company Profiles
15.1 Thermo Fisher Scientific Inc.
15.2 Danaher Corporation
15.3 Eppendorf AG
15.4 Kubota Corporation
15.5 Sigma Laborzentrifugen
15.6 Nuaire
15.7 Qiagen N.V.
15.8 Becton, Dickinson and Company
15.9 Andreas Hettich GmbH & Co.Kg
15.10 Hermle Labortechnik GmbH
15.11 Sartorius AG
15.12 Koki Holdings Co.,Ltd (Previously Hitachi Koki)
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