Market Trends of Global Laboratory Centrifuge Industry
This section covers the major market trends shaping the Laboratory Centrifuge Market according to our research experts:
Benchtop Centrifuges Segment By Model Type is Expected to Witness Significant Growth Over the Forecast Period.
Benchtop centrifuges are engineered with benchtops to operate the product safely in the closed chamber. These are simple to operate and are accommodated with the auto-lock system to quickly exchange rotors with one hand for application versatility and maximum throughput. The design of these centrifuge minimizes potential pinch points while opening and closing the lid, and a motorized lid latch provides extra protection. Benchtop centrifuge is expected to witness significant growth over the forecast period owing to its cost-effective, easy-to-use, and versatile nature for chromatography, sedimentation, and filtration of samples.
The ease and compatibility of benchtop centrifuges are driving the growth of this segment. For instance, an article published by the National Library of Medicine in July 2021 reported that benchtop centrifuges are preferred for laboratory purposes as they require limited space and are used in various applications. The article also reported the design, small samples, fast processing, and high RCF features make this centrifuge widely used and thus contribute to the growth of this segment.
Furthermore, new product launches are also fueling the growth of this segment. For instance, in June 2021, KUBOTA Corporation (Japan) launched the Benchtop Centrifuge USD 500T and Floor-Standing Refrigerated Centrifuge S500FR.
North America is Expected to Witness a Significant Growth Over the Forecast Period.
North America is expected to witness significant growth over the forecast period owing to the increasing prevalence of diseases and rising awareness about diagnosis and treatment. Also, product launches, mergers, partnerships, and acquisitions due to the presence of the key market players further fuel the growth of this market in the region.
The high incidence of tuberculosis (TB) reported in North American countries is increasing the use of centrifuges for diagnosing the samples. Optimal tuberculosis testing usually involves sputum centrifugation followed by broth culture, and thus the high number of TB cases is driving the growth of the market in the country. For instance, an article published by the NCBI in November 2022 reported that there were 77 active cases of tuberculosis diagnosed in Nunavut (Canada) in 2021, more than twice as many as the year before.
Similarly, in May 2022, the Government of Mexico reported that more than 90 thousand people were diagnosed with HIV during 2020-2021.
Moreover, technological developments and partnerships, mergers, acquisitions, and new product launches are driving the growth of this market in the region. For instance, in June 2021, Quest Diagnostics completed the acquisition of Mercy's Outreach Laboratory Services business. The transaction aims to increase access to innovative, high-quality, and affordable laboratory services to provide reasonable patient care throughout the Midwest. Upon completing the acquisition, Quest will gain immediate access to a broader network of healthcare professionals in Kansas, Arkansas, Missouri, and Oklahoma.
