Press release
Next Generation Centrifuge Market: Segment Snapshot and Table of Content (2017-2025)
Next Generation Centrifuge Market
PMR’s report projects North America to remain dominant in the global next generation centrifuge market, with revenues pegged to surpass US$ 500 Mn by 2025. Europe is estimated to be second-largest market for next generation centrifuge during the forecast period. This market growth in Europe is primarily attributed to factors such as growing number of life sciences companies, and soaring application of centrifuge for DNA extractions in forensic science. In addition, market in Asia Pacific (APAC) is expected to exhibit highest CAGR through 2025.
Refrigerated centrifuge will remain the most lucrative product in the global next generation centrifuge market. Revenues generated from sales of refrigerated centrifuge is poised to reach nearly US$ 1000 Mn by 2025-end. Among two types of refrigerated centrifuge viz. refrigerated benchtop and refrigerated floor standing, the former is projected to exhibit a comparatively higher CAGR through 2025.
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The global Next Generation Centrifuge Market is segmented on the basis of Product, end user and region.
Academic and research organisations will remain the highest end-users of next generation centrifuge. Demand for next generation centrifuge from these organisations is projected to expand at 7.6% CAGR through 2025. Biopharmaceutical companies are expected to be second-largest end-users of next generation centrifuge by 2025-end. In contrast, demand for next generation centrifuge from diagnostic centers will remain sluggish during the forecast period.
With soaring expansion of life sciences sector, several small- and medium-sized companies are focusing on increasing their presence in the market. These companies are adopting strategies such as new innovative product offerings coupled with more complex technologies, for differentiating their products from existing ones in the market. In addition, companies are focusing on introduction of systems with advanced features to cater increasing requirement of centrifuges. These factors are estimated to propel growth of the market.
Increasing research & development activities in pharmaceutical industry has driven the demand for next generation centrifuges in production and quality assurance (QA) processes. Moreover, utilisation of advanced techniques such as next generation sequencing is on the rise, for studying patterns of infectious diseases in cancer patients. This further propels the demand for next generation centrifuges in molecule extraction and diagnosis procedures.
However, high costs are involved in initial setup and installation of floor standing centrifuges, coupled with service and repair costs. Organisations face challenges owing to limited financial supports. In addition, utilisation of next generation centrifuges depends on the availability of robust medical platforms and facilities. The aforementioned factors are expected to restrain growth of the global next generation centrifuge market during the forecast period.
Key market players identified in PMR’s report include Eppendorf, Thermo Fisher Scientific Inc., Danaher Corporation (Beckman Coulter), NuAire Inc., Corning Inc., Hettich GmbH & Co.KG, Qiagen, Hitachi Koki Co., Ltd.
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Summary of Table of Content
1. Executive Summary
2. Market Introduction
3. Global Next Generation Centrifuge Analysis Scenario
4. Market Dynamics
5. Global Next Generation Centrifuge Analysis and Forecasts, By Product
6. Global Next Generation Centrifuge Analysis and Forecasts, By End User
7. Global Next Generation Centrifuge Analysis and Forecasts, By Region
8. North America Next Generation Centrifuge Analysis and Forecast
9. Latin America Next Generation Centrifuge Analysis and Forecast
10. Europe Next Generation Centrifuge Analysis and Forecast
11. APAC Next Generation Centrifuge Analysis and Forecast
12. MEA Next Generation Centrifuge Analysis and Forecast
13. Competition Landscape
14. Assumptions and Acronyms Used
15. Research Methodology
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About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
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