Global Laboratory Centrifuge Industry
New Study On “Global Laboratory Centrifuge Market Share, Supply, Analysis and Forecast to 2023” Added to Wise Guy Reports Database
Market Overview
Laboratory centrifuge is referred to as a motor-driven device that is used for the purpose of separating a range of liquids or gas, based in terms of density. The report published in Sheer Analytics and Insights on the global laboratory centrifuge market revealed the growth to be at a notable pace. The valuation of the laboratory centrifuge market was further stated to surpass its previous valuation. The increasing prevalence of chronic diseases being the major driving factor for the market.
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Market Segmentation
The global laboratory centrifuge market has been segmented in terms of type and applications.
By product type, the market is segmented into accessories and devices. The segment for centrifuge devices is further narrowed down into floor-based centrifuge, microcentrifuge, multipurpose centrifuge, and ultracentrifuge. Whereas, the centrifuge accessories segment can be narrowed down into centrifuge bottles, tubes, buckets, and plates.
By application, the market comprises microbiology, diagnostics, blood component separation, genomics, proteomics, and others (cellonomics).
By end-users, the market includes biotechnology & pharmaceutical companies academics & research institutes, and hospitals. The hospitals segment was leading the market with the highest share percentage back in 2017 and is expected to remain atop the standings till the end of the forecast period, at the very least. This is due to the rising incidence of chronic diseases herein and an increasing demand and popularity for early diagnosis and treatment devices.
Regional Analysis
The global laboratory centrifuge market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa.
North America stands as the key region in the market for laboratory centrifuge and is expected to remain the same over the forecast period. The growth of the regional market is due to the increasing number of biological and pharmaceutical research studies being undertaken in the region, particularly in the US. Add to this, high reimbursement policies employed by the government in the healthcare industry and awareness among the population towards concerning the need for early diagnosis of disorders are boosting the growth of the market in this region.
The Asia Pacific regional market of laboratory centrifuge is expected to gain the fastest growth over the forecast period. The rising prevalence of chronic diseases like cancer and cardiovascular disorders are expected to steer the growth of the market in Asia Pacific. The rising usage of molecular diagnostics in hospitals across Asia Pacific is also driving the market growth herein.
Elsewhere, both Europe and the Rest of the World geographical segment are expected to grow at a comparatively low pace. However, both the regions are expected to have strong contribution to the overall market growth by the end of the forecast period.
Competitive Landscape
The global laboratory centrifuge market comprises a host of key players. This includes names like Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Eppendorf AG, and Kubota Corp. These major players are immensely contributing to the global market of laboratory centrifuge by undertaking various growth strategies. These growth strategies are aiding the players to maintain a position and capture a major share of the market in the coming years.
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