Global laboratory centrifuge market: Innovation in the field of laboratory centrifuges.

Published Date: 14/05/2021

The laboratory centrifuge market is expected to reach at a CAGR of 4.3 %. Pharmaceutical and biotechnology companies, being an integral part of the life science industry, invest heavily in research to develop breakthrough molecules to meet the growing needs of the healthcare sector. Moreover, the impending patent cliff has also led to an increase in biopharmaceutical research activity.

Companies operating in the life science instruments market also increased their R&D investments for the development of innovative products to meet the research requirements of pharmaceutical and biotechnology companies. For instance, Thermo Fisher Scientific increased its R&D investment from USD 692 million in 2015 to USD 888 million in 2017, while Eppendorf increased its R&D investment from USD 35.4 million in 2015 to USD 41.2 million in 2017. Since centrifuges are essential equipment in the research laboratories, the increase in R&D activities will boost the growth of the centrifuges market.

Innovation in the field of laboratory centrifuges is majorly centered on enhancing convenience, speed, compactness, safety, efficiency, and accuracy. Rotors used in centrifuges were earlier made of tensile steel, and then replaced with aluminum and titanium alloys. Carbon fiber rotors, in addition, are much lighter than their counterparts—these rotors weigh 8 kg, as opposed to earlier 21-kg aluminum rotors. Carbon fiber increases the flexibility of the rotor and makes them resistant to chemical corrosion and structural fatigue. The FIBERLite Fixed-Angle Rotor by Beckman Coulter (acquired by Danaher) and Thermo Scientific Fiberlite rotors, for example, are made of carbon fiber.
Various factors, such as the growth in population, climate change, and increasing contact between humans and animals, have increased the threat of new virus outbreaks and various chronic diseases. With the increasing prevalence and incidence of diseases such as HIV and hepatitis, the use of centrifuges has increased significantly, particularly in blood banks for disease diagnosis and blood component separation. This helps in detecting the diseases mentioned above; as a result, the high prevalence of these diseases will boost the use of centrifuges.

Centrifuges have long lifespans. If properly maintained and operated, they can last between 15 and 25 years, which significantly reduces the need for equipment replacement. These are long-lasting and highly durable instruments. This negatively affects the need for innovation and the development of these instruments, while reducing sales and, consequently, the revenues of market players.
Key players in the laboratory centrifuge market are Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Eppendorf AG (Germany), Sigma Laborzentrifugen GmbH (Germany), Andreas Hettich GmbH & Co. KG (Germany), Kubota Corporation (Japan), Koki Holdings Co., Ltd. (Japan) (previously Hitachi Koki Co., Ltd.), QIAGEN N.V. (Netherlands), NuAire (US), Sartorius (Germany), HERMLE Labortechnik GmbH (Germany), and Becton, Dickinson and Company (US).

Geographically, the global laboratory centrifuge market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The developed regions such as North America and Europe accounted for leading share of global laboratory centrifuge market in 2019. The large base of biopharmaceutical industry and diagnostics laboratories in these regions led to leading share of these regions. Moreover rapid expansion and increasing number of diagnostics labs in these regions would propel the demand for laboratory centrifuge during the forecast period. Asia Pacific region is projected to expand at exponential growth rate owing rapidly improving healthcare facilities in the countries like India, China, South Korea, and Malaysia. Japan dominated the Asia Pacific laboratory centrifuge market whereas China is anticipated to record exponential growth rate during the forecast period. Latin America and Middle East & Africa regions are projected to maintain steady growth rates during the forecast period.