Laboratory Centrifuge Market to grow at a CAGR of 3.2% during 2024-2028
The Laboratory Centrifuge Market is expected to grow at a CAGR of 3.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 301.5 million. Next-generation laboratory centrifuge systems, also referred to as smart centrifuges, represent a significant advancement in laboratory technology. Equipped with microprocessors, these centrifuges offer users real-time indications and assistance, enhancing operational efficiency. Smart centrifuges surpass the limitations of traditional models by providing superior speed, volume capacity, and reduced space requirements. Key features include automatic electric brakes, speed control mechanisms, and a safety function that halts the centrifuge when the lid is open to safeguard samples. The Agilent Microplate Centrifuge is a prime example, offering automated high-speed centrifugation with 3-second cycle times, vibration control, and noise reduction.
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Technavio analysts predict that the Hospitals and clinics subsegment will lead the End-user segment during 2024 and 2028 The laboratory centrifuge market witnesses significant growth due to the increasing demand for efficient and accurate laboratory testing. Centrifuges are essential lab equipment used for separating mixtures, and their demand is driven by the expanding healthcare, biotechnology, and research industries. Key companies in the market focus on innovation and technology advancements to cater to the evolving needs of customers, ensuring high-performance and cost-effective solutions.
Here are the various ways based on which the market is segmented:
Key Companies and Market Insights
Some of the key companies in the Global laboratory centrifuge market include:
There are several factors that are causing the market to flourish increasing number of biotechnology and pharmaceutical research studies
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The Laboratory Centrifuge Market encompasses a range of centrifuges used in various industries for separating substances based on their mass and density. These centrifuges utilize rotors with different designs, including vertical tube rotors, swinging bucket rotors, fixed angle rotors, corrosion-free rotors, elutriator rotors, and more. Blood centrifuges, such as PRP/PRF centrifuges, are essential for isolating whole-blood components like platelets and red and white blood cells. Centrifuges employ the sedimentation principle, using centripetal force to counteract buoyant force and cause substances to move towards the bottom of the centrifuge tube. Rotors come in various designs, such as those used in optical detection systems, analytical ultracentrifuges, preparative ultracentrifuges, and refrigerated centrifuges. These devices are used in laboratories, hospitals, and nursing homes for separating nucleic acids, proteins, viruses, organelles, and cells. The motor-driven devices operate on an axis, creating frictional force to spin the rotor and liquid or gas samples.
The global life sciences tools and services market encompasses businesses involved in the research and development (R&D) of a range of product categories, including capital equipment, instruments, accessories, and consumables. These products are utilized in the pharmaceutical and biotechnology industries for the production of drugs and diagnostics, as well as in laboratory settings for disease diagnosis. Additionally, the market includes life sciences-related services such as contract research, manufacturing, and sales. According to Technavio, the healthcare market size is determined by the collective revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life science tools and services. Factors driving growth in the life science tools and services market include the increasing global population aging, resulting in a larger demographic requiring healthcare solutions, and advancements in technology leading to improved diagnostic tools and treatments.
The Laboratory Centrifuge Market is experiencing significant growth, fueled by the increasing number of biotechnology and pharmaceutical research studies. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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