Laboratory Centrifuge Market Expected to Reach $2.9 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Laboratory Centrifuge Market," The laboratory centrifuge market size was valued at $1.9 billion in 2022, and is estimated to reach $2.9 billion by 2032, growing at a CAGR of 4.1% from 2023 to 2032. A laboratory centrifuge is a type of equipment used in scientific and medical laboratories for the separation of particles from a liquid based on their density, size, and shape. This separation is achieved through the application of centrifugal force, which is generated by the rapid spinning of a rotor containing the sample tubes or containers. A laboratory centrifuge is used in a wide variety of fields including diagnostic, microbiology, cellomics, proteomics, genomics, blood component separation, and others.

The rise in the prevalence and incidence of disease, surge in clinical diagnosis, rise in R&D in the field of life sciences & biotechnology, and rise in technological advancements in laboratory centrifuge design and functionality, such as the development of high-throughput and automated systems are the laboratory centrifuge market trends and drive the growth of the laboratory centrifuge market size. 

In addition, in clinical settings, centrifuges are employed to separate blood into its various components, including red blood cells, white blood cells, and plasma. This is important for blood banking, transfusion medicine, and medical diagnostics. For instance, according to the World Health Organization (WHO) 2023, about 118.54 million blood donations are collected worldwide. Thus, the rise in the demand of blood components such as red blood cells, white blood cells, and plasma are expected to propel the demand for laboratory centrifuge and drive the growth of the laboratory centrifuge market share.

However, high prices of laboratory centrifuges restrain the market growth. On the contrary, rise in R&D investments, significant increase in capital income in developed countries, and adoption of developmental strategies such as acquisition, agreement, expansion, partnership, product launch, and product approval by key players to stay competitive in the market drive the growth of the laboratory centrifuge market share. For instance, in September 2022, Thermo Fisher Scientific Inc. unveiled the Thermo Scientific DynaSpin Single-Use Centrifuge system at the BioProcess International annual conference in Boston, MA. The system is specifically designed to provide an optimal single-use solution for large-scale cell culture harvesting. The DynaSpin system improves and streamlines harvesting for cell culture separation in single-use bioprocesses by reducing the number of depth filtration cartridges required to complete the harvest process. 

On the basis of the product, the laboratory centrifuge market is segregated into equipment and accessories. The accessories segment is expected to witness the highest CAGR during the forecast period, owing to a rise in recurring purchase of accessories for increasing research and diagnostic applications and increase in R&D labs which further uses accessories.

On the basis of the model, the market is classified into benchtop centrifuges and floor-standing centrifuges. The benchtop centrifuges segment is expected to witness the highest CAGR during the forecast period, owing to offers various advantages such as suitable for smaller laboratories with limited space and it is highly recommended by lab technician.

On the basis of rotor design, the market is classified into swinging bucket rotors, fixed angle rotors, and vertical rotors. The swinging bucket rotors segment is expected to witness the highest CAGR during the forecast period, owing to rise in technological advancement in swinging bucket rotors and various advantages such as the swinging motion of the buckets helps to distribute the sample evenly along the sides of the tubes, resulting in more uniform pelleting.

On the basis of application, the market is classified into diagnostic, microbiology, cellomics, proteomics, genomics, blood component separation, and others. The blood component separation segment is expected to witness the highest CAGR during the forecast period, owing to a rise in use of laboratory centrifuge in blood component separation and increase in demand of blood components. 

On the basis of end user, the market is classified into hospitals & clinical laboratories, biotechnology & pharmaceutical companies, academic & research institutes. The academic & research institutes segment is expected to witness the highest CAGR during the forecast period, owing to rise in number of academic & research institutes which further uses laboratory centrifuge and rise in R&D activities in which laboratory centrifuge used. 

On the basis of region, Asia-Pacific is expected to witness the highest CAGR during the forecast period in laboratory centrifuge market analysis, due to a rise in R&D activities of new drugs and diagnosis & treatment options, as well as surge in prevalence of chronic diseases in the region. In addition, an increase in awareness about blood banking, transfusion medicine, medical diagnostics, and rise in adoption of laboratory centrifuge are the key trend, which contribute to the expansion of the laboratory centrifuge market in Asia-Pacific. 

Key findings of the study

• On the basis of product, the equipment segment was the highest contributor to the laboratory centrifuge industry in 2022.
• On the basis of the model, the benchtop centrifuges segment dominated the laboratory centrifuge industry in 2022.
• On the basis of the rotor design, the fixed angle rotors segment dominated the market in 2022.
• On the basis of application, the diagnostic segment was the highest contributor to the market in 2022.
• On the basis of end user, the hospitals & clinical laboratories segment was the highest contributor to the market in 2022.
• On the basis of region, Asia-Pacific is expected to witness the highest CAGR during the laboratory centrifuge market forecast period.