North America dominates the laboratory centrifuge market. This region accounted for a major market share in 2014. Factors such as increasing need for early diagnosis of diseases such as cancer and diabetes, presence of key market players, increasing focus on life science research in North America are driving the growth of this market.
Pune, India -- (SBWIRE) -- 04/29/2016 -- The report "Laboratory Centrifuge Market by Product (Equipment (Microcentrifuge/Ultracentrifuge), Accessories), Rotor Design, Intended Use, Application (Diagnostic/Microbiology/Proteomics/Genomics), End User (Hospital/Biotech/Pharmaceutical) - Global Forecast to 2020", The laboratory centrifuge market is expected to reach USD 1.74 Billion by 2020 from USD 1.53 Billion in 2015, growing at a CAGR of 2.5% from 2015 to 2020.
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Laboratory centrifuges enable the separation of various components from a liquid and facilitate easy and efficient diagnosis and research. This helps in understanding the present medical condition of a patient. This equipment is widely used in laboratories for various research purposes in the areas of chemistry, biology, and biochemistry. Increasing prevalence and incidence of diseases and growing focus of companies on clinical research are factors that are expected to drive the growth of the laboratory centrifuges market.
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In the report, the laboratory centrifuge market is segmented on the basis of products, rotor design, intended use, applications, end users, and regions. Based on products, the equipment segment is expected to account for the largest share in 2015, closely followed by the accessory segment. The micro centrifuges segment is expected to grow at the highest CAGR during the forecast period. This is due to growth in various applications such as blood transfusion, processing of blood and other tissues, and biomedical and biochemical analysis which requires centrifugation of small amounts of liquids.
Based on end users, the laboratory centrifuge market is segmented into hospitals, academic & research institutions, biotechnology and pharmaceutical companies, and other end users.
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Geographically, North America dominates the laboratory centrifuge market, followed by Europe. North America is expected to account for the largest share of the laboratory centrifuges market in 2015, with Asia having the highest growth rate during the forecast period.
Some of the prominent players in the laboratory centrifuge market include Thermo Fisher Scientific, Inc. (U.S.), Beckman Coulter, Inc. (U.S.), Eppendorf AG (Germany), Kubota Corporation (Japan), and Sigma Laborzentrifugen GmbH (Germany).
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