United States, Rockville MD, June 20, 2022 (GLOBE NEWSWIRE) -- As per a recent report published by Fact.MR, the global laboratory centrifuge market is poised to grow at a CAGR of 2.5% from 2022 to 2032, expected to close at a valuation of US$ 2.1 Billion. Rising complexities in the nature and incidence of multiple chronic and infectious ailments are prompting healthcare providers to investigate advanced therapeutic and diagnostic approaches, for which deployment of sophisticated laboratory centrifuges is becoming important.

From 2015 to 2021, the market for Laboratory Centrifuge grew at a CAGR of 2.1%, closing at a value of US$ 1.6 Billion. As of 2022, the industry is likely to reach US$ 1.65 Billion. Laboratory centrifuges are highly sought after in biotechnological research, attributed to their exclusive properties, including high efficiency in separating suspended particles, easy sedimentation of cells and viruses, and isolation of macromolecules.

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As the medical industry expands, there are increasingly more clinical trials and analytical tests requested for different lab procedures. With the demand for new labs and instruments, laboratory centrifuges will continue to increase. As a result of their cost-effective nature, they are highly demanded in the market.

Key Challenges to Laboratory Centrifuge Industry Expansion

High-cost of Centrifuges Instruments May Hinder Market Expansion

Centrifuges are high-priced tools and require large expenditure post-purchase for standard and crucial maintenance. The high price of these instruments can be ascribed to their complex design, rotors, and microprocessors. In this marketplace, ultracentrifuges are among the priciest equipment. Their rotors only can cost up in the range of US$ 5,000 to 7,000, and benchtop rotors and floor standing rotors can cost about US$ 35,000 to 55,000.

Furthermore, numerous accessories such as tubes for high-speed centrifuges are very expensive, and small scratches or cracks can make them unusable and require replacement. Thereby, the high cost of lab centrifuges may restrict the growth of the global laboratory centrifuge industry.

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Key Segments Covered in the Laboratory Centrifuge Market Industry Survey

Competitive Landscape

The global market for Laboratory Centrifuge is characterized by the presence of multiple vendors, aiming to offer extensive consulting and integration services to clients. Additionally, enterprises are seeking out, specialized service providers, offering solutions tailor-made to suit their business objectives. In addition, the vendors are likely to leverage up-gradation and product differentiation to gain an edge over other competitors in the market. 

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Key players in the Laboratory Centrifuge Market

Key Takeaways from Laboratory Centrifuge Market Study

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