About the Report
Laboratory centrifuges have gained wide popularity across diverse sectors such as pharmaceuticals, biotechnology, and microbiology over the past decade. Owing to their capacity of separating mixtures on the basis of density and viscosity, they are highly required in the studying and researching of cells, macromolecules, and other domains of life science. Despite facing difficulties during the outbreak of the COVID-19 pandemic, laboratory centrifuge manufactures are set to gain momentum with the steady recovery of end users such as academic & research institutes, hospitals, and diagnostic sectors.
A recent report on the laboratory centrifuge market study by Fact.MR focuses on key driving and restraining factors of the global industry, along with a thorough analysis of regional market insights and demand-supply trajectories for the forecast period of 2021 to 2031.
Historical Vs. Future Outlook on Laboratory Centrifuge Sales
With technical advancements pacing up, research & development activities have gained high prominence over time. Adoption of cutting-edge technologies in medical, diagnostic, and hospital sectors has fuelled the sales of laboratory centrifuges over the past decade, while a new variety of multipurpose centrifuges, micro-centrifuges, and ultra-centrifuges has catered to the growth of industry players during the past 5 years from 2016 to 2020.
While the outbreak of COVID-19 affected the demand-supply patterns of manufacturers of laboratory centrifuges in 2020, market players are expecting to witness better growth scope with the steady recovery of key application sectors since the end quarter of the year. Increase in investments in order to bring in a flurry of new products coupled with governmental initiatives to strengthen R&D activities are anticipated to fuel sales over the coming years. According to Fact.MR, the global laboratory centrifuge market is forecast to expand at around 2.5% CAGR through 2031.
How is Application in Bio-technological Research Spurring Market Growth?
Laboratory centrifuges are highly sought-after in bio-technological research owing to their exclusive properties such as-
- High efficiency in separating particulates in suspension according to their density
- Helps in sedimentation of cells and viruses
- Capable of isolating macromolecules
- Capable of separating mixtures on the basis of viscosity
According to a report titled “Biotechnology”, published by the U.S. Department of Agriculture (USDA), USDA supports the appropriate and safe use of science and technology, including biotechnology, in order to meet agricultural challenges and consumer needs of the 21st century. As stated in the report, USDA plays a significant role in assuring that biotechnology plants and products derived from these plants are safe to be grown and used in the United States, while the Advisory Committee on Biotechnology and 21st Century Agriculture (AC21) is further strengthening the bio-technology sector. Such initiatives are helping raise the industry value for laboratory centrifuges around the world.
What are the Key Challenges Faced by Laboratory Centrifuge Manufacturers?
Some of the key challenges faced by manufacturers of laboratory centrifuges are-
- Requirement of costly raw materials
- Complex and time consuming process cycle
- Requirement for experts’ handling
- Costly maintenance
Furthermore, the outbreak of novel coronavirus in 2020 affected manufacturing units due to long lockdowns and scarcity of raw materials and labor, while the financial crisis further declined industry growth.
Despite facing numerous difficulties, the industry is in better shape now, and new inventions coupled with recovery of key application segments are expected to aid demand growth in the near future.
What are the Major Driving Factors in the United States for Laboratory Centrifuges?
The United States, being the leading country in North America’s laboratory centrifuge industry, is eyed by key industry players around the globe. Backed by advanced biotechnology and pharmaceutical sectors, the U.S. is set to maintain its lead over the forecast period.
As stated in a report titled “Biopharmaceutical Industry Spotlight”, published by Select USA, the United States is the largest market for biopharmaceuticals, accounting for around a third of the global market share. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), U.S. firms conduct over half the world’s R&D in pharmaceuticals, which is worth US$ 75 billion, and hold intellectual property rights on most of the new medicines. This explains why the U.S. is the hotspot for laboratory centrifuge manufacturers.
How are Players in Germany Increasing their Sales Footprint?
Germany has been leading in the world’s second-largest laboratory centrifuge industry - Europe, since the past decade. Technical innovations and increase in R&D activities in various domains of biotechnology & pharmaceuticals are propelling the growth of suppliers in Germany.
According to a report titled “The Pharmaceutical Industry in Germany”, published by the Germany Trade & Investment (GTAI) organization in 2018, Germany offers the perfect location for the development, production, and sale of world-class pharmaceuticals, and is home to Europe’s largest and world’s fourth-largest pharmaceutical industry. As per the report, Germany’s pharmaceutical industry value increased 3% from 1.43 billion in 2014 to 1.47 billion in 2015, and is forecast to grow further after getting over the impact of the pandemic. This, in turn, will widen the growth scope for laboratory centrifuge suppliers in the country.
How Big is the Opportunity in China for Laboratory Centrifuge Suppliers?
China has emerged as highly lucrative in the world’s fastest-growing laboratory centrifuge industry - Asia Pacific. Advancements in microbiology, biotechnology, and pharmaceutical sectors are bolstering the growth of laboratory centrifuge industry players in China.
According to a report titled “China’s Biotechnology Development”, published by the U.S.-China Economic and Security Review Commission (USCC) on 14th February 2019, China’s biotechnology industry has grown rapidly over the past decade to reach US$ 6.2 billion, while the agricultural biotechnology industry in China was worth US$ 8.1 billion as in 2019. As per the report, Chinese biopharmaceutical companies are developing some innovative biologics using cutting-edge technologies such as Chimeric Antigen Receptor T-cell therapy (CAR-T) and Clustered Regularly Interspaced Short Palindromic Repeats (CRIS
PR)-based editing of cells. Hence, manufacturers of laboratory centrifuges are targeting China in order to increase their revenues and profits.
Is Japan Likely to Remain Lucrative for Laboratory Centrifuge Stakeholders?
Japan is predicted to remain a highly sought-after market among suppliers and manufacturers throughout the forecast period, due to high demand from the hospital, pharmaceutical, and biotechnology sectors.
As stated in a report titled “Japan- Agricultural Biotechnology, Annual Report”, published by the USDA Foreign Agricultural Service on 30th March 2020, Japan is one of the world’s largest per-capita importers of food and feed produced using modern biotechnologies. According to the report, in 2019, Japan imported 16 million metric tons of corn, 3.2 million tons of soybeans, and 2.4 million tons of canola, which are predominately genetically engineered (GE). This represents the potential of Japan’s biotechnology sector which, in turn, indicates new opportunities awaiting laboratory centrifuge manufacturers in Japan.
Which Product Type is Leading Growth of the Laboratory Centrifuge Industry?
Presently, multipurpose centrifuges are mostly demanded across the world and are anticipated to fuel sales over the coming years. This product type is widely popular for various properties such as-
- Can be used as both, a separator or a mixture/settler
- Low conversion cost
- Cost-effective in terms of installation, operation, and maintenance
- Highly reliable
Other key segments in the global laboratory centrifuge market in terms of product type are micro-centrifuges and ultra-centrifuges, which are complementing the demand growth of suppliers.
The global laboratory centrifuge market is getting tougher in terms of competition. In order to sustain in through the cut-throat competition, key players are emphasizing on quality and quantity of products.
- Koki Holdings Co., Ltd got acquired by Eppendorf in 2020 in order to increase its sales footprint.
- QIAGEN launched its new QIAGEN Centrifuge 4-16 KS, QIAGEN Centrifuge 4-16S, and others, a couple of years back.
Some of the key players supplying laboratory centrifuge are-
- Thermo Fisher Scientific Inc.
- Becton, Dickinson and Company
- Kubota Corporation
- Danaher Corporation
- Andreas Hettich GmbH & Co. KG
- HERMLE Labortechnik GmbH
- Koki Holdings Co., Ltd
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
Historical Data Available for
USD Million for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Market Segmentation by Category
- Multipurpose Centrifuges
- Biotechnology & Pharmaceutical Companies
- Academic & Research Institutes
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
Key Questions Answered in Report
- Which are the top companies providing laboratory centrifuges?
Some of the top companies manufacturing laboratory centrifuges are Thermo Fisher Scientific Inc., Kubota Corporation, Koki Holdings Co., Ltd., and Danaher Corporation.
- Which are some of the lucrative markets for laboratory centrifuges?
The United States, China, Germany, India, Japan, Canada, France, South Korea, the United Kingdom, and a few others are lucrative markets for laboratory centrifuges, and are expected to dominate throughout the forecast period.
- Which application accounts for high sales of laboratory centrifuges?
Presently, the pharmaceutical & biotechnology sector is the most lucrative in terms of application, and is expected to remain dominant over the forecast period of 2021 to 2031.
- Which laboratory centrifuge product witnesses high demand?
Presently, multipurpose laboratory centrifuges have high demand in the laboratory centrifuge space, and are predicted to sustain this leading position throughout the forecast period.
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Laboratory Centrifuge Market - Scope of Report
A recent study by Fact.MR on the laboratory centrifuge market offers a 10-year forecast from 2021 to 2031. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with laboratory centrifuges. The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period.
A detailed assessment of the value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the laboratory centrifuge market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including demand, product development, revenue generation, and sales of laboratory centrifuges across regions.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.
Fact.MR’s research study assesses the global laboratory centrifuge market in terms of product type, application, and region. This report presents extensive market dynamics and trends associated with different segments of the market, and their influence on the growth prospects of the market.
Key Questions Answered in Report
- Which are the most lucrative markets for laboratory centrifuges?
- Which factors will impact demand for laboratory centrifuges?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the laboratory centrifuge market?
- What are the winning strategies of stakeholders in the laboratory centrifuge landscape?
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.
Country-specific valuation on demand for laboratory centrifuges has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the laboratory centrifuge market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
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