Centrifuge Market: Global Opportunity Analysis and Industry Forecast 2023-2030 Market

Centrifuges help in the separation of two different substances, which have a difference in their densities. They can also be essentially used to separate densities with almost indistinguishable densities. Additionally, they can be used to separate insoluble particulates in a solution. It uses sedimentation principle to work, which is centripetal force is caused when the rotor is sped up and affects the centrifuge tubes as well. This results in throwing out the denser substance away from the radial direction. Ultimately, the lighter particles travel toward the radial direction, which is toward the center. Some particles remain at the bottom of the tube during the process. They are called pellets; the other clarified solutions which are at the top of the tube are called supernatant.

COVID-19 scenario analysis:

• Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicines supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs, such as hydroxychloroquine, have witnessed a dramatic surge in demand for the management of COVID-19. 
• Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs as many developed countries are short of these drugs. The pharmaceutical and biotechnology industries are expected to witness a significant growth in the future, owing to the demand for vaccine and treatment drugs for COVID-19.
• Attributed to such factors, COVID-19 is expected to have a significant impact on the centrifuge market.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Increase in frequencies and rise in cases of disease; upgrades in technology; rise in R & D activities along with their funding in the field of biotechnology and life sciences; and introduction of new products are the major factors propelling the growth of the centrifuge market.

The adoption rate is increasing, thereby directly affecting the betterment of various automatic techniques and improving investments in both public and private healthcare. The demand has also risen for centrifuges, which propels the growth and development of ultracentrifuges, microcentrifuges, and multi-purpose centrifuges.

Various manufacturers have been working for the betterment of life science instruments market and helping in the growth of research and development activities to meet the need of biotechnology and pharmaceutical companies. As centrifuge equipment are very important and used on a large scale in various laboratories they are boosting the research and development activities.
On the other hand, centrifuges are pretty expensive and any scratch or cracks on the tubes can result in replacements. Additionally, there has been rise in the lifetime of centrifuges, which impacts the sales of centrifuges.

New product launches and acquisitions to boost the market

On May 15th, 2018, Eppendorf introduced two centrifuges, Centrifuge 5425 and 5910 R. On December 2nd, 2016, Thermo Fischer launched Sorvall BP 8 and 16 blood banking centrifuges.

Surge in usage in hospitals applications

Hospitals, biotechnology & pharmaceutical companies, and academic & research institutes are the major consumers of the centrifuge market. Among them, pharmaceutical companies and hospitals are the biggest end-users of the centrifuge market.

Key benefits of the report:

• This study presents the analytical depiction of the centrifuge market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the centrifuge market share.
• The current market is quantitatively analyzed  to highlight the centrifuge market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed centrifuge market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the centrifuge market research report:

• Which are the leading market players active in the market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Centrifuge Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights