According to Vision Research Reports, the global centrifuge market size surpasses at US$ 1.2 Bn in 2020 and to reach around US$ 1.8 bn by 2027.
The global centrifuge market is driven by the growth of the life sciences industry, increasing prevalence of infectious diseases, growing research in genomics and proteomics, and increasing prevalence of blood related diseases leading to the demand for blood components.
Centrifuge can be defined as a machine employing a rotating container, which applies centrifugal forces on the contents, aiding in the separation of fluids of differing densities. It works on the principle of sedimentation, wherein the centrifugal force aids in outward movement of denser substances and particles in radial direction. The global centrifuge market is driven by growth of the life sciences industry, increase in the number of clinical & diagnostic laboratories, rise in the number of infectious diseases, and surge in the demand for blood component separation.
North America dominated the global centrifuge market in 2020 and the trend is anticipated to continue during the forecast period. Early adoption of new technologies, large base of pharmaceutical and biotechnological companies, and well-established healthcare infrastructure are factors anticipated to drive the market in the region.
Rise in Demand for Blood Components
Hemophilia is the most common bleeding disorder. According to the Centers for Disease Control and Prevention, hemophilia A affects 1 in 5,000 male births and each year about 400 babies are born with hemophilia A in the U.S. Hence, rise in prevalence of bleeding disorders and increase in number of surgeries drive demand for blood and blood components. This is likely to propel the global centrifuge market. Moreover, surge in concerns regarding blood safety is anticipated to drive the global market.
Microfluidic Device Design Works as Mini Centrifuge Machines for Enhanced Drug Development
New rotor designs are playing an instrumental role in innovations as simple as the size of a grain of sand for advanced blood cells analysis. For instance, the research team at the RMIT University, Australia, are innovating with micro devices enabling tailored experiments in drug delivery and disease research with the help of organ-on-chip systems. Thus, companies in the centrifuge market should collaborate with such researchers to develop lab-on-a-chip devices that function like mini centrifuge machines for analyzing blood and other fluid samples.
Microfluidic devices are fueling innovations in new chip technologies by eliminating the need for large volume samples. These innovations are playing a key role in the study of cardiovascular diseases. The device’s soft spherical cavities are being used to mimic 3D (Three Dimensional) human organs, whilst analyze how cells respond in various flow conditions or drug interactions.
3D Printed Centrifuges Overcome Barriers Associated with Conventional Centrifuges in STEM-focused Programs
Centrifuges are increasingly mainstream in laboratories as well as for general applications such as for DNA isolation and clinical diagnostics. However, traditional centrifuges are prohibitively expensive in STEM (Science, Technology, Engineering, and Mathematics)-focused programs and resource-limited settings. Hence, companies in the centrifuge market are gaining efficacy in 3D printed hand-powered centrifuges that are replacing conventional centrifuges. As such, paper-based centrifuges are generating incremental opportunities for companies in the centrifuge market, since 3D printed instruments in these centrifuges are capable of increasing volume capacity and reach high centrifugation speeds.
3D printed hand-powered centrifuges are contributing toward the substantial revenue of the centrifuge market, which is expected to reach a value of US$ 1 Bn by the end of 2030. These centrifuges are benefitting healthcare professionals, as they provide a range of solutions such as spinning down samples for biomarker applications and conducting nucleotide extractions in portable molecular lab setups. Thus, low cost attributes of 3D printed centrifuges are being highly publicized in remote field biology and educational settings.
Equipment Segment Dominated Global Market
In terms of product, the equipment segment is likely to account for major share of the global centrifuge market during the forecast period. Growth of the segment can be attributed to rise in applications of multipurpose centrifuges and microcentrifuges. Technological advances focused on enhancing convenience, compactness, safety, and accuracy contribute to the growth of the segment. However, long lifespan of these instruments, which last for over 15 years, reduces the need of replacement.
General Purpose Centrifuges to Lead Global Market
In terms of intended use, the general purpose centrifuges segment is projected to account for major share of the global centrifuge market during the forecast period. Growth of the segment can be attributed to various applications of these centrifuges in cellular research and significant growth in the diagnosis rate of blood related diseases.
Prominent Regions
The global centrifuge market has been segmented into four major regions: North America, Europe, Asia Pacific, and Rest of World. North America dominated the global centrifuge market in 2020. The U.S. was the major market for centrifuges in the region in 2020. Well established healthcare infrastructure and presence of key players with strong focus on research & development are the key factors anticipated to boost the growth of the market in the U.S. Moreover, availability of clinical and diagnostic laboratories with integrated technologies is expected fuel the growth of the market in North America.
The centrifuge market in Asia Pacific is projected to expand at a high CAGR from 2020 to 2030 driven by developing countries such as China and India. Rise in focus of market players on strengthening presence in emerging economies in order to leverage growth opportunities propels the market in Asia Pacific. Additionally, rise in prevalence of chronic and infectious diseases leading to increase in the number of tests being conducted, surge in demand for access to quality health care, increase in per capita healthcare expenditure, and rise in awareness about preventive health care contribute to the growth of the centrifuge market in the region.
Key players operating in the global centrifuge market include
Market Segmentation
Centrifuge Market, by Product
Centrifuge Market, by Model Type
Centrifuge Market, by Rotor Design
Centrifuge Market, by Intended Use
Centrifuge Market, by Application
Centrifuge Market, by End User
Centrifuge Market, by Region
Report Scope
The Centrifuge market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Centrifuge market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Centrifuge market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Centrifuge market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Centrifuge market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Centrifuge capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Centrifuge by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Centrifuge market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Centrifuge market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Centrifuge market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Centrifuge industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Centrifuge market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Centrifuge market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Centrifuge market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Centrifuge market. These factors have benefited the growth of the global market for Centrifuge. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Centrifuge. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Centrifuge are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers