Next Generation Centrifuge Market
Next Generation Centrifuge Market Study by Refrigerated and Ambient Centrifuges for Hospitals, Academic & Research Organizations, Biopharmaceuticals Companies, CROs, and others from 2024 to 2034
Analysis of Next Generation Centrifuge Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Next Generation Centrifuge Market Overview (2024 to 2034)
In 2024, the global next generation centrifuge market is expected to be worth US$ 1,296.9 million. The market is anticipated to expand at a CAGR of 6.1% from 2024 to 2034. Over the next decade, the market is predicted to grow, reaching a projected value of US$ 2,346.6 million in 2034.
The next generation centrifuge market is growing due to several factors. Technological advancements have led to the development of more efficient and effective centrifuges that perform various tasks quickly and accurately. Additionally, there has been a growing demand for centrifuges in various industries, such as biotechnology, pharmaceuticals, and food processing. These industries rely heavily on centrifuges to separate and purify various components, making it a vital tool for research and development.
The increasing focus on research and development in the healthcare industry has contributed to the growth of the next generation centrifuge market. The increasing need for point-of-care testing is driving the next generation centrifuge market. This type of testing requires fast and accurate results, and centrifuges play a critical role in achieving this. Moreover, the demand for personalized medicine has contributed to the growth of the next generation centrifuge market.
Centrifuges are used to isolate specific cells and molecules from a patient's blood samples, which then be analyzed to determine the most effective treatment approach. Furthermore, the increasing demand for renewable energy sources has created a need for centrifuges in the biofuel industry, where they are used to separate and purify various components of biofuels. Overall, these are key factors driving the growth of the next generation centrifuge market.
Key Market Growth Drivers
The market is expected to grow due to the increasing usage of next-generation centrifuges in biotechnology and pharmaceutical research.
Rising research and development activities in the healthcare sector are expected to generate significant potential for next generation centrifuge market
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2024E) | US$ 1,296.9 million |
| Forecasted Market Value (2034F) | US$ 2,346.6 million |
| Global Market Growth Rate (2024 to 2034) | 6.1% CAGR |
| Refrigerated Centrifuge Growth Rate (2024 to 2034) | 6.5%CAGR |
| North America Market Share (2024) | 41.8% |
| East Asia Market Share (2024) | 12.6% |
| Key Companies Profiled |
|
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What Factors Have Contributed to a Rise in Global Demand for the Next Generation Centrifuge?
“The Growing Use of the Next Generation Centrifuges in Biotechnology and Pharmaceutical Research is Expected to Drive the Growth of the Market”
The increasing use of centrifuges in biotechnology and pharmaceutical research is driven by their ability to separate different components of a sample based on their density and size. Centrifuges play a crucial role in research and development activities, diagnostic laboratories, and manufacturing processes in the biotech and pharmaceutical industries.
The growing demand for personalized medicine, the increasing focus on drug discovery and development, and the rising awareness about the benefits of centrifugation are some of the factors driving the growth of the next generation centrifuge market. Additionally, technological advancements such as the development of new materials and improved rotor designs have led to the introduction of more efficient and reliable centrifuges, which are expected to further propel market growth in the forecast period.
“The Rising Research and Development Activities in Healthcare Sector is Projected to Create Attractive Prospects for Next Generation Centrifuges.”
The healthcare industry is constantly evolving with new technologies and advancements being made in the field of medicine. One such technology is the next-generation centrifuge, which is expected to witness significant growth in the coming years due to the increasing focus on research and development in the healthcare industry. Moreover, the next-generation centrifuges are designed to provide faster and more efficient separation of biological particles such as blood, cells, and proteins. They offer a range of advanced features, such as higher processing speeds, automated controls, and improved safety features.
The growing demand for personalized medicine, the increasing prevalence of chronic diseases, and rising investments in healthcare research and development are some of the major factors driving the growth of the next-generation centrifuge market. Moreover, the increasing adoption of next-generation sequencing (NGS) technologies for drug discovery and development is expected to boost the demand for centrifuges in the healthcare industry.
Which Factor is Impeding the Growth of Next-Generation Centrifuge Demand?
“The High Installation of Next Generation Centrifuges is Expected to Hamper the Market Growth for the Forecast Period”
The high cost involved in installing next-generation centrifuges is expected to create a significant barrier to market growth. While these centrifuges offer advanced features and improved performance compared to traditional models, the initial investment required for installation and setup is substantial. This cost discourages some users from adopting the technology, particularly those with limited budgets or smaller laboratories. As a result, manufacturers of next generation centrifuges need to explore ways to make their products more cost-effective and attractive to a wider range of customers.
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Country-wise Insights
In line with expanding regional sales, the next generation centrifuge market finds most of its consumer base in North America and East Asia. In 2024, North America is estimated to account for 41.8% of the global market share. From 2024 to 2034, the region's market is expected to rise at a moderate CAGR of 5.6%, with a market share of 39.7% at the end of the decade.
East Asia is the other region with a significant share of the market. In 2024, East Asia's share is predicted to be 12.6%. During the projection period, East Asia's market is expected to grow at a moderate 9.4% CAGR, with the region retaining 17.0% of the market share by the end.
What Factors Influence the Continued Growth of the United States Next Generation Centrifuge?
“Increasing Research and Development Activities in the United States are Likely to Fuel Market Growth throughout the Projection Period.”
The value of the next generation centrifuge industry in the United States for 2024 is estimated to be US$ 367 million. Over the forecast period, the market is expected to register an encouraging CAGR of 5.4% in the country, reaching a value of US$ 623 million by 2034.
The healthcare industry in the United States is constantly evolving and improving, with a greater emphasis being placed on research and development activities. These advanced centrifuges are capable of separating and analyzing various biological materials such as blood, cells, and proteins, making them an essential tool for research and clinical applications. With increasing demand for high-quality healthcare services, the need for advanced centrifuges is only expected to grow, driving the market forward in the coming years.
Why is China Recognized as a Major Market for Next Generation Centrifuge?
“ Increasing Number of Pharmaceutical Companies in China”
The next generation centrifuge market is growing in China due to several factors. There is a significant demand for centrifuges in various industries, such as pharmaceuticals, biotechnology, and chemical industries. These industries require high-quality centrifuges for research and development, quality control, and production purposes. Furthermore, the growth of the next generation centrifuge market in China is the government's focus on developing the biotech industry. The Chinese government has been investing heavily in the biotech sector to promote innovation and research, which has led to increased demand for advanced centrifuges.
Category-wise Insights
Based on product type, the refrigerated centrifuge segment is expected to account for 69.4% of the market share in 2024.
Why do Refrigerated Centrifuge Dominate the market for Next Generation Centrifuges?
“Increasing Need for Temperature Control Options”
The refrigerated centrifuge segment is expected to contribute 69.4% of the market share by product type in 2024. The refrigerated centrifuge is anticipated to witness a rise in demand for next-generation centrifuges at a CAGR of 6.5% through 2034. The refrigerated centrifuge segment is dominating the next generation centrifuge market due to its unique features and benefits.
Refrigerated centrifuges offer a wide range of temperature control options that allow for the processing of temperature-sensitive samples. These centrifuges are designed to maintain a cold temperature throughout the separation process, which helps preserve the integrity of the sample being processed. This is especially important in applications such as cell culture and protein purification, where maintaining the sample's temperature is critical. With the advancements in technology, refrigerated centrifuges are becoming more compact, efficient, and user-friendly. This has led to an increase in adoption rates, particularly in research and clinical laboratories
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Competitive Landscape
The advancements in technology and increasing demand for efficient centrifugation processes, several new players are expected to enter the market. Additionally, established players are investing heavily in R&D to develop innovative solutions to stay ahead of the competition.
Key players in the next generation centrifuge market include KUBOTA Corporation, Thermo Fisher Scientific Inc., Danaher Corporation, NuAire, Sigma Laborzentrifugen GmbH, Sartorius AG, Eppendorf AG, QIAGEN
- In 2021, Quest Diagnostics completed its acquisition of Mercy's Outreach Laboratory Services. The acquisition aims to increase access to innovative, high-quality, and low-cost laboratory services, allowing for more economical patient care throughout the Midwest. Following the acquisition, Quest will have instant access to a larger network of healthcare experts across Missouri, Arkansas, Kansas, and Oklahoma.
Segmentation of Next Generation Centrifuge Market Research
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By Product Type :
- Refrigerated Centrifuge
- Ambient Centrifuge
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By End User :
- Hospitals
- Academic and research organizations
- Biopharmaceuticals Companies
- Contract Research Organization
- Diagnostic Centers
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By Region :
- North America
- Europe
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
What is the Market Outlook for Next Generation Centrifuge Market?
Next generation centrifuge sales outlook likely be valued at US$ 1,296.9 million in 2024.
What is The Growth Projection for Next Generation Centrifuge Adoption?
The adoption of next generation centrifuge is projected to rise at a CAGR of 6.1% through 2034.
Which is the Leading Product Type in the Next Generation Centrifuge Market?
The refrigerated centrifuge segment is the leading product type in the market, with an expected market share of 69.4% in 2024.
How fast is the North America Market Expected to Grow?
The North America next generation centrifuge market is forecasted to expand at a CAGR of 5.6% through 2034.
What is the Market Forecast for Next Generation Centrifuge over the Next Decade?
Demand for next generation centrifuge is projected to reach US$ 2,346.6 million by the end of 2034.
Next Generation Centrifuge Market