Laboratory Centrifuge Market to Be Driven by Growth in Healthcare, Life Science, Pharmaceutical, and Biotech Industries

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Laboratory Centrifuge Market Size, Industry
Analysis Report, Regional Outlook and Forecast,
2017 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Laboratory Centrifuge Market

• U.S. laboratory centrifuge market held
  significant industry share due to increasing
  infectious disease prevalence and growing elderly
  population.
• Increasing investment in research and development
  in life-sciences and biotechnology will further
  propel demand. South Africa laboratory centrifuge
  presents a lucrative future opportunity owing to
  the developing healthcare infrastructure along
  with increasing healthcare expenditure.
• Increasing incidence of various diseases such as
  HIV coupled with the emergence of new ones such
  as Ebola have increased the demand for
  diagnostics tests. As per Avert data, the country
  has the highest prevalence of HIV with
  approximately 7 million individuals affected by
  the diseases in 2015.

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Application of Laboratory Centrifuge Market

• High equipment cost deters adoption to some
  extent. For instance, Thermo Scientific Sorvall
  ST 40R Centrifuge costs approximately USD 11,500.
  Furthermore, skilled technicians are required for
  handling the equipment. Need for regular
  maintenance coupled with long product life may
  restrict industry growth to some extent.
• Microcentrifuges are poised to grow at a
  lucrative pace over the forecast years. These
  devices have a compact design and typically use
  small tubes between 0.2 to 2 ml.
• Increasing demand for high-throughput assays
  along with advancements in molecular biology
  should drive segment growth. The equipment is
  routinely used for pelleting of nucleic acids and
  proteins from solutions as well as
  microfiltration of small aqueous samples.

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Competitive Market Share of Laboratory Centrifuge
Market

• Prominent industry players include Thermo Fisher
  Scientific, Eppendorf, Kubota, Qiagen and Beckman
  Coulter.
• The industry participants resort to various
  strategic initiatives such as new product
  development and acquisitions to enhance their
  industry presence.
• For instance, in May 2016, Eppendorf launched
  Centrifuge 5920R with high capacity and enhanced
  temperature management. The move has increased
  the companys product offerings.

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