Press release
Market Analysis: Laboratory Centrifuge Sector Booms with Advancements in Biotechnology and Research | CAGR of 4.1% from 2023 to 2032.
Key Growth Drivers:
Rise in chronic and infectious diseases
Technological advancements in laboratory centrifuge products
Increased demand for blood components
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Opportunities:
Rise in research and development (R&D) activities
Surge in the launch of technologically advanced laboratory centrifuges.
However, the market growth is hindered by the high cost of laboratory centrifuges. Economic downturns, such as the recession in 2023, may also impact smaller businesses and startups in the sector, affecting their ability to invest in R&D and expansion.
The equipment segment, particularly benchtop centrifuges with fixed-angle rotors, dominates the market and is projected to maintain its leadership status. Benchtop centrifuges are preferred due to their high adoption rates and availability, while fixed-angle rotors offer advantages such as compact design and suitability for high-speed applications.
The diagnostic segment, especially blood component separation, holds a significant market share and is expected to witness the fastest growth due to increased utilization in diagnostic applications and rising demand for blood components.
Hospitals & clinical laboratories are the leading end-users, driven by their high adoption rates and awareness of disease diagnosis. However, academic & research institutes are expected to witness the fastest growth due to the increase in their numbers and R&D activities.
North America currently dominates the market, but the Asia-Pacific region is expected to witness the fastest growth, driven by factors such as the rise in chronic infectious diseases and increasing R&D activities.
Key Players:
Agilent Technologies Inc.
Becton, Dickinson and Company
Danaher Corporation
Eppendorf SE
Kubota Corporation
Lepu Medical Technology (Beijing) Co. Ltd.
NuAire, Inc.
QIAGEN N.V.
Sartorius AG
Thermo Fisher Scientific Inc.
Comprehensive Healthcare Industry Research Studies:
Biosensors Market https://www.alliedmarketresearch.com/biosensors-market
Influenza Vaccine Market https://www.alliedmarketresearch.com/influenza-vaccines-market
Plasma Fractionation Market https://www.alliedmarketresearch.com/plasma-fractionation-market
Veterinary Imaging Market https://www.alliedmarketresearch.com/veterinary-imaging-market
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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