Next Generation Centrifuge Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America & Middle East & Africa)

Description

The global next generation centrifuge market is experiencing a significant surge, with a projected Compound Annual Growth Rate (CAGR) of 6.1% from 2024 to 2031, reaching a valuation of nearly US$ 2,300 million by the end of the forecast period. This growth trajectory is fueled by a confluence of factors, including increased governmental and private sector initiatives supporting research and development, technological advancements in centrifuge systems, and expanding applications in pharmaceutical research and development.

Government Initiatives Fuel Market Growth

Governmental and private sector initiatives aimed at bolstering research and development activities have emerged as pivotal drivers propelling the next generation centrifuge market forward. With a heightened awareness of the importance of healthcare advancements, various government amendments and funding programs have been established to support research endeavors. Notably, initiatives like the S10 Instrumentation Program initiated by the National Institute of Health (NIH) are empowering researchers by facilitating the acquisition of specialized instrumentation crucial for cutting-edge biomedical research.

Technological Advancements Propel Innovation

The landscape of centrifuge systems is rapidly evolving with the introduction of next generation systems boasting advanced features designed to enhance speed, efficiency, and volume capacities. These innovative systems come equipped with automatic electric brakes, solid-state speed control, electronic tachometers, and safety cut-off switches, ensuring optimal performance and user safety. Leveraging microprocessor-controlled smart technology, these centrifuges offer heightened efficiency and expanded memory storage, catering to the evolving needs of clinical and research settings.

Cost Constraints Pose Challenges

Despite the promising growth prospects, the next generation centrifuge market faces hurdles stemming from high installation costs and limited financial support for organizations. The initial setup and installation of floor-standing centrifuges, along with subsequent repair and service expenses, present significant financial burdens for stakeholders. Achieving the break-even point for these systems remains uncertain, contingent upon factors such as sample volume and research outcomes. Moreover, the reliance on robust medical facilities and platforms further complicates market dynamics, underscoring the need for strategic financial planning and resource allocation.

Regional Dynamics and Market Opportunities

Europe stands out as a highly promising market for next-generation centrifuges, showcasing a strong attractiveness index during the forecast period. Maintaining its leading position with a significant value share, Europe is driven by robust governmental support and technological innovation. North America follows in revenue, with a projected growth rate over the specified period. In the Asia Pacific region, the anticipated growth rate is the highest, fueled by increasing investments in healthcare infrastructure and pharmaceutical research and development.

Pharmaceutical R&D Opens New Avenues

The burgeoning demand for centrifuges in pharmaceutical research and development endeavors presents a myriad of opportunities for market expansion. Pharmaceutical companies, in the quest for drug innovation and quality assurance, are ramping up investments in research and development processes. The imperative for drug innovation, driven by patent expirations and rising microbial resistance, underscores the critical role of advanced centrifuges in separating constituents and optimizing production processes.

Market Segmentation

By Product Type

Refrigerated Centrifuge
- Refrigerated Benchtop
- Refrigerated Floor Standing
Ambient Centrifuge
- Ambient Benchtop
- Ambient Floor Standing

By End Users

Hospitals
Academic and Research Organizations
Biopharmaceuticals Companies
Contract Research Organizations
Diagnostic Centers

By Region

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global Next Generation Centrifuge Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Price Analysis, 2018 - 2023

3.1. Global Average Price Analysis, by Product Type/ End User, US$ Per Unit, 2018 - 2023
3.2. Prominent Factor Affecting Thermal Ablation Devices Prices
3.3. Global Average Price Analysis, by Region, US$ Per Unit

4. Global Next Generation Centrifuge Market Outlook, 2018 - 2031

4.1. Global Next Generation Centrifuge Market Outlook, by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Refrigerated Centrifuge
    - 4.1.1.1.1. Refrigerated Benchtop
    - 4.1.1.1.2. Refrigerated Floor Standing
  - 4.1.1.2. Ambient Centrifuge
    - 4.1.1.2.1. Ambient Benchtop
    - 4.1.1.2.2. Ambient Floor Standing
4.2. Global Next Generation Centrifuge Market Outlook, by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Hospitals
  - 4.2.1.2. Academic and Research Organizations
  - 4.2.1.3. Biopharmaceuticals Companies
  - 4.2.1.4. Contract Research Organizations
  - 4.2.1.5. Diagnostic Centres
4.3. Global Next Generation Centrifuge Market Outlook, by Region, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. North America
  - 4.3.1.2. Europe
  - 4.3.1.3. Asia Pacific
  - 4.3.1.4. Latin America
  - 4.3.1.5. Middle East & Africa

5. North America Next Generation Centrifuge Market Outlook, 2018 - 2031

5.1. North America Next Generation Centrifuge Market Outlook, by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Refrigerated Centrifuge
    - 5.1.1.1.1. Refrigerated Benchtop
    - 5.1.1.1.2. Refrigerated Floor Standing
  - 5.1.1.2. Ambient Centrifuge
    - 5.1.1.2.1. Ambient Benchtop
    - 5.1.1.2.2. Ambient Floor Standing
5.2. North America Next Generation Centrifuge Market Outlook, by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Hospitals
  - 5.2.1.2. Academic and Research Organizations
  - 5.2.1.3. Biopharmaceuticals Companies
  - 5.2.1.4. Contract Research Organizations
  - 5.2.1.5. Diagnostic Centres
5.3. North America Next Generation Centrifuge Market Outlook, by Country, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. U.S. Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 5.3.1.2. U.S. Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 5.3.1.3. Canada Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 5.3.1.4. Canada Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Europe Next Generation Centrifuge Market Outlook, 2018 - 2031

6.1. Europe Next Generation Centrifuge Market Outlook, by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Refrigerated Centrifuge
    - 6.1.1.1.1. Refrigerated Benchtop
    - 6.1.1.1.2. Refrigerated Floor Standing
  - 6.1.1.2. Ambient Centrifuge
    - 6.1.1.2.1. Ambient Benchtop
    - 6.1.1.2.2. Ambient Floor Standing
6.2. Europe Next Generation Centrifuge Market Outlook, by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Hospitals
  - 6.2.1.2. Academic and Research Organizations
  - 6.2.1.3. Biopharmaceuticals Companies
  - 6.2.1.4. Contract Research Organizations
  - 6.2.1.5. Diagnostic Centres
6.3. Europe Next Generation Centrifuge Market Outlook, by Country, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Germany Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.2. Germany Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.3. U.K. Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.4. U.K. Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.5. France Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.6. France Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.7. Italy Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.8. Italy Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.9. Turkey Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.10. Turkey Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.11. Russia Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.12. Russia Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.13. Rest of Europe Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.14. Rest of Europe Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Asia Pacific Next Generation Centrifuge Market Outlook, 2018 - 2031

7.1. Asia Pacific Next Generation Centrifuge Market Outlook, by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Refrigerated Centrifuge
    - 7.1.1.1.1. Refrigerated Benchtop
    - 7.1.1.1.2. Refrigerated Floor Standing
  - 7.1.1.2. Ambient Centrifuge
    - 7.1.1.2.1. Ambient Benchtop
    - 7.1.1.2.2. Ambient Floor Standing
7.2. Asia Pacific Next Generation Centrifuge Market Outlook, by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Hospitals
  - 7.2.1.2. Academic and Research Organizations
  - 7.2.1.3. Biopharmaceuticals Companies
  - 7.2.1.4. Contract Research Organizations
  - 7.2.1.5. Diagnostic Centres
7.3. Asia Pacific Next Generation Centrifuge Market Outlook, by Country, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. China Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.2. China Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.3. Japan Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.4. Japan Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.5. South Korea Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.6. South Korea Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.7. South Korea Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.8. India Next Generation Centrifuge Market by Product Type, Value (US$Mn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.9. India Next Generation Centrifuge Market by End User, Value (US$Mn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.10. Southeast Asia Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.11. Southeast Asia Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.12. Rest of Asia Pacific Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.13. Rest of Asia Pacific Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Latin America Next Generation Centrifuge Market Outlook, 2018 - 2031

8.1. Latin America Next Generation Centrifuge Market Outlook, by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Refrigerated Centrifuge
    - 8.1.1.1.1. Refrigerated Benchtop
    - 8.1.1.1.2. Refrigerated Floor Standing
  - 8.1.1.2. Ambient Centrifuge
    - 8.1.1.2.1. Ambient Benchtop
    - 8.1.1.2.2. Ambient Floor Standing
8.2. Latin America Next Generation Centrifuge Market Outlook, by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Hospitals
  - 8.2.1.2. Academic and Research Organizations
  - 8.2.1.3. Biopharmaceuticals Companies
  - 8.2.1.4. Contract Research Organizations
  - 8.2.1.5. Diagnostic Centres
8.3. Latin America Next Generation Centrifuge Market Outlook, by Country, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Brazil Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.2. Brazil Next Generation Centrifuge Market by End User, Value (US$Mn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.3. Mexico Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.4. Mexico Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.5. Argentina Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.6. Argentina Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.7. Rest of Latin America Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.8. Rest of Latin America Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Middle East & Africa Next Generation Centrifuge Market Outlook, 2018 - 2031

9.1. Middle East & Africa Next Generation Centrifuge Market Outlook, by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Refrigerated Centrifuge
    - 9.1.1.1.1. Refrigerated Benchtop
    - 9.1.1.1.2. Refrigerated Floor Standing
  - 9.1.1.2. Ambient Centrifuge
    - 9.1.1.2.1. Ambient Benchtop
    - 9.1.1.2.2. Ambient Floor Standing
9.2. Middle East & Africa Next Generation Centrifuge Market Outlook, by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Hospitals
  - 9.2.1.2. Academic and Research Organizations
  - 9.2.1.3. Biopharmaceuticals Companies
  - 9.2.1.4. Contract Research Organizations
  - 9.2.1.5. Diagnostic Centres
9.3. Middle East & Africa Next Generation Centrifuge Market Outlook, by Country, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. GCC Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.2. GCC Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.3. South Africa Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.4. South Africa Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.5. Egypt Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.6. Egypt Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.7. Nigeria Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.8. Nigeria Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.9. Rest of Middle East & Africa Next Generation Centrifuge Market by Product Type, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.10. Rest of Middle East & Africa Next Generation Centrifuge Market by End User, Value (US$ Mn) and Volume (Million Units), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape

10.1. Product Type vs End User Heatmap
10.2. Company Market Share Analysis, 2023
10.3. Competitive Dashboard
10.4. Company Profiles
- 10.4.1. Eppendorf
  - 10.4.1.1. Company Overview
  - 10.4.1.2. Product Portfolio
  - 10.4.1.3. Financial Overview
  - 10.4.1.4. Business Strategies and Development
- 10.4.2. Thermo Fisher Scientific Inc.
  - 10.4.2.1. Company Overview
  - 10.4.2.2. Product Portfolio
  - 10.4.2.3. Financial Overview
  - 10.4.2.4. Business Strategies and Development
- 10.4.3. Danaher Corporation (Beckman Coulter)
  - 10.4.3.1. Company Overview
  - 10.4.3.2. Product Portfolio
  - 10.4.3.3. Financial Overview
  - 10.4.3.4. Business Strategies and Development
- 10.4.4. NuAire Inc.
  - 10.4.4.1. Company Overview
  - 10.4.4.2. Product Portfolio
  - 10.4.4.3. Financial Overview
  - 10.4.4.4. Business Strategies and Development
- 10.4.5. Corning Inc.
  - 10.4.5.1. Company Overview
  - 10.4.5.2. Product Portfolio
  - 10.4.5.3. Financial Overview
  - 10.4.5.4. Business Strategies and Development
- 10.4.6. Hettich GmbH & Co.KG
  - 10.4.6.1. Company Overview
  - 10.4.6.2. Product Portfolio
  - 10.4.6.3. Financial Overview
  - 10.4.6.4. Business Strategies and Development
- 10.4.7. Qiagen
  - 10.4.7.1. Company Overview
  - 10.4.7.2. Product Portfolio
  - 10.4.7.3. Financial Overview
  - 10.4.7.4. Business Strategies and Development
- 10.4.8. Hitachi Koki Co., Ltd
  - 10.4.8.1. Company Overview
  - 10.4.8.2. Product Portfolio
  - 10.4.8.3. Financial Overview
  - 10.4.8.4. Business Strategies and Development

11. Appendix

11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations