Laboratory Centrifuge Market Progressively Reach US$ 1.2 Billion by 2023 - Microbiology and Proteomics Drives the Growth

Laboratory centrifuges market is segmented into diagnostics, microbiology, cellomics, genomics, proteomics, blood component separation, & applications. In 2019, diagnostics segment is expected to account for largest share of laboratory centrifuges market. Report provides a picture of laboratory centrifuges market.

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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. 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, enduser, and region.

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.

List of Companies Profiled in the Report
• Thermo Fisher Scientific Inc. (US)
• Danaher Corporation (US)
• Eppendorf AG (Germany)
• Sigma Laborzentrifugen GmbH (Germany)
• Andreas Hettich GmbH & Co. KG (Germany)
• Kubota Corporation (Japan)
• Koki Holdings Co., Ltd. (Japan)(previously Hitachi Koki Co., Ltd.)
• QIAGEN N.V. (Netherlands)
• NuAire (US)
• Sartorius (Germany)
• HERMLE Labortechnik GmbH (Germany)
• Becton, Dickinson and Company (US)

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The study involved four major activities to estimate the current market size for laboratory centrifuge market. Exhaustive secondary research was done to collect information on market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size.

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.

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.

More Informationn on Laboratory Centrifuge Market by Product (Equipment (Multipurpose, Ultracentrifugation), Accessories (Rotor, Tube, Bucket, Plate)), Model (Benchtop, Floor standing), Application (Microbiology, Proteomics) & End User (Hospitals) - Global Forecast to 2023 at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=526186 .

Primary research was conducted to identify segmentation types; industry trends; key players; and key market dynamics such as drivers, restraints, opportunities, challenges, industry trends, and strategies adopted by key players. 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 interviews conducted for this report can be categorized as follows:
• By Company Type: Tier 1–36%, Tier 2–46%, Tier 3-18%
• By Designation: C-level–30%, D-level–42%,Others–28%.
• By Region: North America–39%,Europe–29%,Asia–20%, RoW–12%

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.

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