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CHICAGO, November 1, 2018 / PRNewswire / –
According to the new market research report "Laboratory centrifuge market by product (equipment (multipurpose, ultracentrifugation), accessories (rotor, tube, bucket, plate)), model (bench-top, floor), application (microbiology, proteomics) and end-user (hospitals) – global forecast 2023", published by MarketsandMarkets ™, the laboratory centrifuge market is expected to reach 1.2 billion USD from here 2023 from 1.1 billion USD in 2018, at a CAGR of 2.8%. Market growth is mainly due to factors such as technological progress, research development and the high prevalence of target diseases.
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The segment of hospitals to dominate the Laboratory centrifuge market in 2018.
Based on end users, the laboratory centrifuge market is segmented into hospitals, biotechnology companies and pharmaceutical companies and academic and research institutes. The hospital segment is expected to account for the largest share of the laboratory centrifuge market in 2018. The increasing prevalence of disease, combined with growing awareness of early diagnosis and treatment, increasing demand for blood, availability of New technologically advanced centrifuges for blood separation and the growing number of hospitals, especially in emerging countries, are among the major factors in the growth of the laboratory centrifuge market.
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The table centrifuge segment is expected to represent the largest market share in 2018
Based on the type of model, the market for laboratory centrifuge equipment is segmented into benchtop centrifuges and standing centrifuges. Of these, the benchtop centrifuge segment is expected to account for the largest share of the market in 2018. Benchtop centrifuges are economical, versatile, easy to use, small in size and significantly lighter in weight. These advantages have resulted in their increased adoption in the laboratory centrifuge market.
Asia grow at the highest compound annual growth rate over the forecast period
The laboratory centrifuge market has been segmented into four major regions, namely: North America, Europe , Asiaand the rest of the world (RdM). Currently, North America dominates the global market for laboratory centrifuges and this trend is expected to continue during the forecast period. However, the market Asia should grow at the highest compound annual growth rate over the forecast period. The presence of emerging economies such as China and India and the growing R & D investments of pharmaceutical and biotech companies in this region are the main drivers for the growth of the laboratory centrifuge market in Asia.
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Major players in the laboratory centrifuge market include Thermo Fisher Scientific Inc. (United States), Danaher Corporation (United States), Eppendorf AG (Germany), Sigma Laborzentrifugen GmbH (Germany), Andreas Hettich GmbH & Co. KG (Germany), Kubota Corporation (Japan), Koki Holdings Co., Ltd. (Japan) (formerly Hitachi Koki Co., Ltd.), QIAGEN N.V. (Netherlands), NuAire (US), Sartorius (Germany), HERMLE Labortechnik GmbH (Germany) and Becton, Dickinson and Company (US).
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