Market Research Report
Global Laboratory Centrifuge Market Research and Forecast, 2018-2023
|Published by||Orion Market Research Pvt Ltd||Product code||785722|
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|Global Laboratory Centrifuge Market Research and Forecast, 2018-2023|
|Published: February 4, 2019||Content info:||
Laboratory centrifuge is a motor-driven device used for the separation of a range of liquids or gas, based on density. The devices are widely used in hospitals and research institutes, where they are used in the extraction of suspended material from a range of medium and in the purification of cells, subcellular organelles, proteins, viruses, and nucleic acids. The device operates on the sedimentation principle, in which the denser substances move in the radial direction due to centripetal acceleration.
The increasing use of molecular diagnostics in hospitals due to the rising prevalence of chronic diseases such as cancer is one of the major factors that is significantly propelling the growth of the global laboratory centrifuge market. Moreover, the rising pharmaceutical and biological research studies have led to the introduction of new technologies such as touch screen in a bench-top centrifuge the are some other key factors that are driving the growth of the global laboratory centrifuge market. The high cost of maintenance and accessories along with low replacement value of centrifuges are some factors restraining the market growth. However, the untapped applications of laboratory centrifuges coupled with the rapid expansion and increasing number of diagnostic labs across the globe are further anticipated to drive the growth of the global cell harvesting market in the near future.
The laboratory centrifuge market can be segmented on the basis of product type, application, and end-user. Based on product type, the market is bifurcated into devices and accessories. Centrifuge devices can be further segmented into microcentrifuge, multipurpose centrifuge, floor-based centrifuge, ultracentrifuge. Moreover, the centrifuge accessories can be further bifurcated into tubes, centrifuge bottles, buckets, and plates. Based on application, the laboratory centrifuge market is segmented into diagnostics, microbiology, genomics, proteomics, blood component separation, and others (cellonomics). On the basis of end-users, the market is segmented into hospitals, academics & research institutes, and biotechnology & pharmaceutical companies. Among end-users, the hospital segment contributes the largest share in the laboratory centrifuge market in 2017. This is mainly owing to the increasing prevalence of chronic diseases coupled with increasing demand for early diagnosis and treatment devices.
The report includes an analysis of the global laboratory centrifuge market from a geographical standpoint and segmented the market into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America holds a dominant position in the global laboratory centrifuge market, followed by Europe. This is mainly owing to rising pharmaceuticals and biological research studies in the region, especially in the US. High reimbursement policies by the government in the healthcare sector and awareness amongst the population regarding the early diagnosis of the disorder are significantly contributing towards the market growth in the region. The Asia-Pacific is projected to exhibit the fastest growth in the global laboratory centrifuge market over the forecast period. The growth in the Asia-Pacific market is backed by the increasing use of molecular diagnostics in hospitals within the countries. Along with it, the rising prevalence of diseases such as cancer and heart disease are fuelling the growth of the Asia-Pacific laboratory centrifuge market.
Major global laboratory centrifuge market players such as Thermo Fisher Scientific Inc., Eppendorf AG, Bio-Rad Laboratories, Inc., and Kubota Corp. are contributing significantly into the growth of the market. Product launch, merger & acquisition, and partnerships are some of the key strategies adopted by the market players and sustain and capture the major market share in the laboratory centrifuge market.
The market study of laboratory centrifuge market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, a country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for healthcare providers, investment companies, government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size and will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.