Laboratory Centrifuge Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Laboratory Centrifuge Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The laboratory centrifuge market is expected to register a CAGR of 5% over the forecast period (2022-2027).

The large patient pool of COVID-19, along with the possible shortage of laboratory centrifuges, has fuelled the growth of the laboratory centrifuges market. However, after a few years since the COVID-19 pandemic, when the vaccination of a large population and diagnosis has been achieved, the demand for centrifuges is expected to gain it's normal pace again. It has gradually declined to its previous growth rate or demand. The sales and revenue of businesses dealing with laboratory centrifuges experience growth in 2020 due to the COVID-19 pandemic. In the figure below, the impact of COVID-19 can be seen on the revenues of various businesses. There have been some unique technologies launched during the pandemic in the sector of laboratory centrifuges. For instance, at the onset of the COVID-19 pandemic in August 2020, Indian scientist Manu Prakash and his team developed an extraordinarily affordable centrifuge that works without electricity to separate components in the saliva samples to detect the COVID-19 virus. It was seen as a possible way of increasing the accessibility of the patient to COVID-19 diagnostics in low-income areas of the world. While, in November 2021, research based on RT-Loop-mediated Isothermal Amplification polymerase chain reaction LAMP PCR for the high-throughput COVID-19 sample handling was published in Journal, Analyst 2021. It consisted of a polystyrene-toner (PS-T) centrifugal microfluidic device. The device is manually controlled by a fidget spinner for molecular diagnosis of COVID-19 by RT-LAMP. It contained an integrated and automated colorimetric detection system. (Source: Journal Analyst 2021; Rapid molecular diagnostics of COVID-19 by RT-LAMP in a centrifugal polystyrene-toner-based microdevice with end-point visual detection. Thus, the COVID pandemic has had a significant impact on market growth.

While, innovation in laboratory centrifuges emphasizes enhancing convenience, speed, compactness, safety, efficiency, and accuracy. Rotors used in centrifuges were earlier made of tensile steel and then replaced with aluminum and titanium alloys. Carbon fiber rotors, in addition, are much lighter than their counterparts—these rotors weigh 8 kg, as opposed to earlier 21-kg aluminum rotors. Carbon fiber rises the flexibility of the rotor and makes them resistant to chemical corrosion and structural fatigue. For instance, In October 2021, the FIBERLite Fixed-Angle Rotor by Beckman Coulter (acquired by Danaher) and Thermo Scientific Fiberlite rotors are made of carbon fiber.

However, the introduction of high-speed centrifuges has considerably reduced the time required for centrifugation, decreasing the possibility of hazards arising during the process. Advancements in designs have made replacing and maintaining key equipment parts, such as the rotors. For instance, In September 2021, Thermo Scientific Auto-Lock Rotor by Thermo Fisher Scientific, Inc. (US) enables users to switch rotors quickly and effectively. Similarly, In June 2022, NuAire (US) developed a patented ClickSpin technology that enables quick, easy, and tool-free rotor changes.

In recent years, certain key players in the laboratory centrifuges market have launched centrifuges integrated with advanced rotors and other features. For instance, In April 2021, Eppendorf AG (Germany) launched its Multipurpose Centrifuge 5910 Ri, which offers advanced features to enhance and simplify centrifugation. This centrifuge is the successor to the popular Centrifuge 5910 R. It offers an innovative touchscreen interface, an optional connection to the new VisioNize Digital Lab Suite for remote monitoring, and the unique Universal rotor, which allows 50 mL conical tubes, plates, and 250 mL bottles without the need to change the rotor, rotor buckets, or adapters. Additionally, In June 2021, KUBOTA Corporation (Japan) launched the Benchtop Centrifuge USD 500T and Floor-Standing Refrigerated Centrifuge S500FR.

Thus, the aforementioned factors are driving the growth of the studied market but high equipment cost and long equipment lifespans are expected to hamper the growth of the market.

Key Market TrendsBenchtop centrifuges Segments Expected to Hold a Major Market Share in the Laboratory Centrifuge Market

Benchtop centrifuge is expected to hold major market share attributing to cost-effective, easy to use, and versatile nature for chromatography, sedimentation, and filtration of samples. Benchtop centrifuges are widely used for the separation of substances in a liquid medium by density leading to adoption in clinical laboratories. Hence, it is an effective and efficient way of separating blood and urine samples in diagnostic laboratories. Moreover, technological advancements in benchtop centrifuges in terms of features such as safety interlock system, temperature control systems, high performance, and high capacity is also contributing to increasing adoption and driving the largest market segment. While the novel launches from key players are further propelling the market growth, for instance, In 2020, Eppendorf AG launched a benchtop 24-place centrifuge 5425 R, which offers protection to temperature-sensitive samples and offers immediate cooldown of temperature 8 minutes (21° C to 4°C); these centrifuges come with six rotors.

In 2021, As per the article published by the National Library of Medicine, Benchtop centrifuges are a perfect fit for labs with limited space and a variety of applications. Simple to operate and ergonomically designed, these centrifuges bring efficiency to the lab. For example, most benchtop centrifuges accommodate the Auto-Lock system to quickly exchange rotors with one hand for application versatility and maximum throughput. Benchtop centrifuges are manufactured with quality materials for strength and durability, along with broad chemical resistance, for the uptime and consistent performance user expect from these workhorses of the lab. The same source stated that Benchtop centrifuges are engineered for operating safety. For example, the design minimizes potential pinch points when opening and closing the lid, and a motorized lid latch provides extra protection. A hand grip cue on the lid indicates the easiest location for one-handed closure. The chamber features an improved reach-in design for safer rotor and container loading and unloading. Thus, the advantages associated with the product are fueling market growth.

North America Represents the Largest Market and Asia-Pacific is Expected to Register Fastest Growth.

North America is at the forefront of growth in the region and is also an important revenue contributor in the global arena. Increasing prevalence of diseases, rising awareness about diagnosis and treatment, a growing number of hospitals, and several market players are continuously working on launching new products related to centrifuges which are stimulating the region's growth. For instance, in June 2021, Quest Diagnostics completed the acquisition of Mercy’s Outreach Laboratory Services business. The transaction aims to increase access to innovative, high-quality, and affordable laboratory services to provide reasonable patient care throughout the Midwest. Upon completing the acquisition, Quest will gain immediate access to a broader network of healthcare professionals in Kansas, Arkansas, Missouri, and Oklahoma. Similarly, in December 2021, Thermo Fisher Scientific, a leading global provider of science-related services, acquired PPD, Inc., a leading provider of clinical research services to the pharmaceutical and biotech industries. This acquisition would help Thermo Fisher to expand its services for pharmaceutical and biotechnology companies.

Moreover, increasing healthcare expenditure and the presence of well-established healthcare infrastructure are also fuelling the growth of the laboratory centrifuge market to a large extent. For instance, Federal government spending on health care grew 36.0% in 2020, significantly faster than the 5.9% growth in 2019. This faster growth was largely in response to the COVID-19 pandemic. Hospital expenditures grew 6.4% to USD 1,270.1 billion in 2020, slightly faster than the 6.3% growth in 2019. Additionally, Physician and clinical services expenditures grew 5.4% to USD 809.5 billion in 2020, faster growth than the 4.2% in 2019. However, the largest shares of total health spending were sponsored by the federal government (36.3 percent) and the households (26.1 percent). The private business share of health spending accounted for 16.7 percent of total health care spending, state and local governments accounted for 14.3 percent, and other private revenues accounted for 6.5 percent. Thus, the increasing healthcare expenditure and the presence of a well-established healthcare infrastructure are propelling the growth of the laboratory centrifuge market to a large extent.

Competitive Landscape

The laboratory centrifuge market is fragmented competitive and consists of several major players. In terms of market share, Some of the prominent market participants are Thermo Fisher Scientific Inc., Eppendorf AG, KUBOTA Corporation, Andreas Hettich GmbH & Co. KG, HERMLE Labortechnik GmbH and QIAGEN.

Additional Benefits:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.


1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 High Prevalence of Diseases
4.2.2 Increasing R&D Activity
4.2.3 Technological Advancements
4.3 Market Restraints
4.3.1 High Equipment Cost
4.3.2 Long Equipment Lifespans
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product Type
5.1.1 Equipment
5.1.1.1 Microcentrifuges
5.1.1.2 Ultracentrifuges
5.1.1.3 Multipurpose Centrifuges
5.1.2 Accessories
5.1.2.1 Tubes
5.1.2.2 Rotors
5.1.2.3 Centrifuge Buckets
5.1.2.4 Centrifuge Bottles
5.1.2.5 Plates
5.2 By Model Type
5.2.1 Floor-Standing Centrifuges
5.2.2 Benchtop Centrifuges
5.3 By Intended Use
5.3.1 Clinical Centrifuges
5.3.2 Preclinical Centrifuges
5.3.3 General Purpose Centrifuges
5.4 By Application
5.4.1 Microbiology
5.4.2 Cellomics
5.4.3 Proteomics
5.4.4 Diagnostics
5.4.5 Genomics
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Mexico
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Italy
5.5.2.5 Spain
5.5.2.6 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 Japan
5.5.3.3 India
5.5.3.4 Australia
5.5.3.5 South Korea
5.5.3.6 Rest of Asia-Pacific
5.5.4 Middle-East and Africa
5.5.4.1 GCC
5.5.4.2 South Africa
5.5.4.3 Rest of Middle-East and Africa
5.5.5 South America
5.5.5.1 Brazil
5.5.5.2 Argentina
5.5.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Andreas Hettich GmbH & Co. KG
6.1.2 Beckman Coulter, Inc.
6.1.3 Eppendorf AG
6.1.4 Thermo Fisher Scientific Inc.
6.1.5 HERMLE Labortechnik GmbH
6.1.6 KUBOTA Corporation
6.1.7 Koki Holdings Co., Ltd
6.1.8 NuAire
6.1.9 Sigma Laborzentrifugen GmbH
6.1.10 QIAGEN
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings