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Surge In Research And Development Activities Fuels Growth In The Medical Centrifuge Market: An Emerging Driver Transforming The Medical Centrifuge Market Landscape
Medical Centrifuge
What Is the Medical Centrifuge Market Size and Projected Growth Rate?
The medical centrifuge market has been experiencing substantial growth in the past years. The market size, which stood at $2.03 billion in 2024, is projected to rise to $2.14 billion in 2025, recording a compound annual growth rate (CAGR) of 5.6%. The impressive growth in the preceding years has been due to factors such as scientific breakthroughs, expansion in healthcare industry, advancements in biomedical research, progression of clinical diagnostics and enhancements in safety standards.
It is anticipated that the medical centrifuge market will witness robust expansion in the forthcoming years. The market size is predicted to surge to $2.91 billion by 2029, registering a compound annual growth rate (CAGR) of 7.9%. This predicted growth can be attributed to factors such as an increase in healthcare spending, the expansion of point-of-care testing, the rising demand for specialized centrifuges, the broadening of digitalization and connectivity, and increased emphasis on energy efficiency. Among the major trends expected during this forecast period, we find compact and portable designs, automation and integration, specialized centrifugation, advancement in rotor technology, and a focus on energy efficiency and sustainability.
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What Are the Different Medical Centrifuge Market Segments?
The medical centrifuge market covered in this report is segmented -
1) By Type: Bench-top, Floor-Standing, Tabletop, Portable
2) By Capacity: Microcentrifuge, Medium Capacity Centrifuge, Large Capacity Centrifuge
3) By Temperature: Refrigerated Centrifuge, Non-refrigerated Centrifuge
4) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Bench-top: Fixed Angle Centrifuges, Swinging Bucket Centrifuges
2) By Floor-Standing: High-Speed Centrifuges: Refrigerated Centrifuges
3) By Tabletop: Mini Centrifuges: Microcentrifuges
4) By Portable: Battery-Operated Centrifuges: Handheld Centrifuges
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What Are the Primary Drivers Shaping the Medical Centrifuge Market?
Accelerating research and development initiatives are predicted to fuel the expansion of the medical centrifuge market. These R&D operations facilitate the acquisition of crucial market insights before the start of the development journey, enabling the creation and introduction of new products and services that enhance the company's bottom line. Centrifuges are commonly used in research and clinical facilities to isolate cells, organelles, viruses, proteins, and nucleic acids. For example, the World Health Organization (WHO) reported in July 2022 in their Accelerating Access to Genomics for Global Health report that amid the COVID-19 pandemic, growing investments by countries saw an increase in the proportion of countries capable of conducting genomic surveillance from 54% to 68% between March 2021 and January 2022. Thus, the surge in research and development initiatives is spurring the growth of the medical centrifuge market.
Which Companies Are Leading in the Medical Centrifuge Market?
Major companies operating in the medical centrifuge market include Scilogex LLC, Drucker Diagnostics Inc., Sartorius AG, Thermo Fisher Scientific Inc., Andreas Hettich GmbH & Co. KG, Danaher Corporation, Eppendorf AG, HERMLE Labortechnik GmbH, KUBOTA Corporation, NuAire Inc., Sigma Laborzentrifugen GmbH, Hitachi Koki Co. Ltd., Labnet International Inc., MSE UK Ltd., Neuation, REMI GROUP, Centurion Scientific Ltd., AccuBioTech Co. Ltd., Labocon, LaboGene ApS, MPW MED INSTRUMENTS, NuWind, Separation Technology Inc., Unico Inc., ZIRBUS technology GmbH
What Are the Major Trends Shaping the Medical Centrifuge Market?
The increasing trend of product innovation plays a critical role in the medical centrifuge market. Established firms are launching novel products to maintain their market prominence. For instance, Boekel Scientific, a US company renowned for producing superior lab equipment and medical tools, unveiled a new assortment of centrifuges in August 2023. The range, including economy, general purpose, STAT, and Blood Bank types, covers several laboratory requirements. It provides options for 6-place, 12-place, and 24-place capacities with detachable rotors. The most recent models of centrifuges are equipped with high-tech features like LED light indicators and brushless motors, which speaks volumes about Boekel Scientific's reputable quality and durability. These centrifuges are dual voltage and comply with UL/CSA/CE guidelines, making them suitable for global application.
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What Are the Top Revenue-Generating Geographies in the Medical Centrifuge Market?
North America was the largest region in the medical centrifuge market in 2024. Asia-Pacific is expected to be the fastest-growing region in the medical centrifuge market report during the forecast period. The regions covered in the medical centrifuge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medical Centrifuge Market?
2. What is the CAGR expected in the Medical Centrifuge Market?
3. What Are the Key Innovations Transforming the Medical Centrifuge Industry?
4. Which Region Is Leading the Medical Centrifuge Market?
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