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Sedimentation Centrifuge Market 2024 - By Size, Share, Forecast And Trends Analysis Report 2033
Sedimentation Centrifuge Market
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According to The Business Research Company's, The sedimentation centrifuge market size has grown strongly in recent years. It will grow from $5.56 billion in 2023 to $5.9 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growing demand in clinical diagnostics, advances in centrifuge technology, rising prevalence of chronic diseases, increased research and development, expanding healthcare infrastructure, regulatory support, awareness, and training programs.
The sedimentation centrifuge market size is expected to see strong growth in the next few years. It will grow to $7.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to rising investment in healthcare, growth in biotechnology and pharmaceuticals, demand for high-throughput screening, emerging markets, a focus on personalized medicine, and advances in materials and design. Major trends in the forecast period include automation and digital integration, miniaturization, high-speed centrifugation, energy efficiency, smart centrifuges, enhanced safety features, customization, and modular design.
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Market Drivers and Trends:
The expansion of the pharmaceutical and chemical industry is expected to propel the growth of the sedimentation centrifuge market going forward. The growth of the pharmaceutical and chemical industries is gaining light due to innovations in biotechnology, chemical synthesis, and data analytics. Moreover, significant R&D investments and expansion into emerging markets also drive the industry growth. Pharmaceutical and chemical industries rely on sedimentation centrifuges to enhance the precision and efficiency of their research and production processes while also ensuring high-quality and consistent results in drug development and chemical analysis. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a European trade association representing the pharmaceutical industry, the total pharmaceutical production in Europe accounted for $384,200 million (€340,000 million) in 2022, an increase of approximately 4.95% from 366,267 million (€323,950 million) in 2021. Furthermore, in June 2022, according to a report published by the American Chemistry Council (ACC), a US-based trade association, there is an anticipated growth of 4.3% in the production of basic chemicals. The most significant increases are expected in bulk petrochemicals and organics (4.6%), plastic resins (4.4%), and inorganic chemicals (4.4%). Therefore, expansion of the pharmaceutical and chemical industry is driving the sedimentation centrifuge market.
Major companies operating in the sedimentation centrifuge market are showing interest in customized solutions designed for clarifying and separating liquids, such as emptying systems, to enhance operational efficiency, meet precise application needs, and gain a competitive edge through tailored solutions. The emptying system allows for precise and quiet discharge of separated solids, eliminating the disruptive noise associated with traditional emptying methods. For instance, in March 2022, Flottweg SE, a Germany-based industrial centrifuge manufacturer, launched the Flottweg AC1700 separator, specifically designed for the food and beverage industry. This advanced separator boasts an impressive clarification area of over 70,000 m2 (753,474 ft2) and operates with an acceleration of 11,000 g, ensuring a high throughput and an optimally clarified final product. It adheres to high hygienic standards and features an innovative speed-independent Soft Shot emptying system, which enables both full and partial emptying of separated solids with customizable quantities and times, providing a quieter and more efficient operation.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc., Danaher Corporation, Siemens Healthineers AG, KUBOTA Corporation, Andritz AG, GEA Group AG, Alfa Laval AB, VWR International LLC, Beckman Coulter Inc., Biobase Group, Multotec Group, Flottweg SE, Mitsubishi Kakoki Kaisha Ltd., Mclanahan Corporation, Helmer Scientific Inc., Centrifuges Unlimited Inc, Hitachi Koki Co. Ltd., Labnet International Inc., Sigma Laboratory Centrifuges, Andreas Hettich GmbH And Co.KG, Witeg Labortechnik GmbH, Schuett Biotec GmbH, LW Scientific Inc., Centurion Scientific Ltd., Scilogex LLC, Thomas Broadbent And Sons Ltd
Sedimentation Centrifuge Market 2024 Key Insights:
• The sedimentation centrifuge market size is expected to see strong growth in the next few years. It will grow to $7.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
• Expansion Of The Pharmaceutical And Chemical Industry Driving Growth In The Sedimentation Centrifuge Market
• Innovative Emptying System For Enhanced F&B Industry Efficiency
• Asia-Pacific was the largest region in the sedimentation centrifuge market in 2023
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