Centrifuge Market to Grow at CAGR of 4.4% during Forecast Period, Observes TMR Study
3D printing is transforming the centrifuge industry, allowing for faster drug development as well as introduction of low-cost diagnostic instruments, which is expected to fuel the global centrifuge market
ALBANY, N.Y., March 01, 2022 (GLOBE NEWSWIRE) — The global centrifuge market is projected to cross the valuation of US$ 2.35 Bn by 2030 and the market is anticipated to grow at a CAGR of 4.4% during the forecast period, from 2020 to 2030. Rise in the number of infectious illnesses, increase in the number of diagnostic and clinical laboratories, and expansion of the life sciences industry are likely to drive the global centrifuge market in the years to come.
The demand for blood and blood components is growing with the increase in incidences of bleeding disorders and number of surgeries. This is expected to drive the global centrifuge market. In addition, the market is projected to be driven by growing concern about blood safety.
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New rotor designs are assisting in the development of technologies for advanced blood cells analysis. For instance, with the use of organ-on-chip systems, a research team at the RMIT University in Australia is experimenting with micro devices to enable customized trials in medication administration and disease research. Market participants are expected to work with such researchers to build lab-on-a-chip devices that work like little centrifuge machines for testing blood and other fluid samples.
Key Findings of Market Report
- By eliminating the requirement of large volume samples, microfluidic devices are enabling new chip technologies to emerge. These breakthroughs play a significant role in the research on cardiovascular disorders.
- In STEM-focused programs as well as resource-constrained environments, traditional centrifuges are economically unfeasible. As a result, firms in the centrifuge market are turning to 3D printed hand-powered centrifuges to replace traditional centrifuges.
- Companies in the global centrifuge market are gaining competence in the centrifugal-driven droplet production technology, which allows for the quick and easy production of homogeneous droplets from samples of relatively small volume
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- Businesses are also seizing the opportunity to assist pharmaceutical firms in the development of anti-coronavirus medications and vaccines
- Increasing usage of general purpose centrifuges in cellular research, as well as rise in the rate of diagnosis of blood-related disorders, is expected to drive its demand during the forecast period
- Due to the growing utilization of multipurpose centrifuges as well as microcentrifuges, the equipment sector is expected to account for a large share of the global centrifuge market. The segment’s growth can be attributed to technological advancements aimed at improving ease, precision, compactness, and security.
Centrifuge Market: Growth Drivers
- Increase in the number of diagnostic tests performed due to rise in incidences of chronic and infectious illnesses is likely to drive the centrifuge market in the Asia Pacific region
- Healthcare professionals are expected to benefit from 3D printed hand-powered centrifuges, which can be used to perform nucleotide extractions in portable molecular lab settings and pin down samples for biomarker applications
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Centrifuge Market: Key Competitors
Some of the key market players are
- Andreas Hettich GmbH & Co. KG
- Thermo Fisher Scientific Inc.
- Sigma Laborzentrifugen GmbH
- Becton, Dickinson and Company
- Danaher Corporation
- KUBOTA Corporation
Centrifuge Market: Segmentation
Product
- Equipment
- Accessories
Model Type
- Benchtop Centrifuges
- Floor-standing Centrifuges
Rotor Design
- Fixed-angle Rotors
- Swinging-bucket Rotors
- Vertical Rotors
Intended Use
- General Purpose Centrifuges
- Clinical Centrifuges
- Pre-clinical Centrifuges
Application
- Clinical
- Research
- Biotherapeutic Manufacturing
End User
- Hospitals & Blood Banks
- Biotechnology & Pharmaceutical Companies
- CROs
- C(D)MOs
- Academic & Research Institutions
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