Asia Pacific Laboratory Centrifuge Market

Asia Pacific Laboratory Centrifuge Market Size & Growth (2023 to 2028)

As Per the Report, the Size of the Laboratory Centrifuge Market in the Asia Pacific is valued at USD 0.37 billion in 2023 and is expected to reach USD 0.43 billion by 2028, increasing at a CAGR of 3.16% during the forecast period.

One of the essential factors driving the market's growth is the rising frequency of chronic diseases fueled by advances in biotechnology and life sciences. In molecular diagnostics, centrifugal machines commonly extract bacteria from blood components. It helps researchers better understand the biology of viruses that cause diseases, including malaria, TB, and HIV/AIDS. Another growth-inducing aspect is the development of technologically enhanced product versions and their integration with the Internet of Things (IoT). These devices have automatic electric brakes, speed control mechanisms, and remote monitoring features for improved operation. Centrifugal machines provide for a seamless workflow in laboratories. It is expected to drive the Asia Pacific Laboratory Centrifuge Market in the coming years.

Furthermore, the Laboratory Centrifuge Market is growing due to the rising need for durable multi-function laboratory centrifugation machines that can handle various laboratory tasks. Over the last few years, the market for pharmaceutical and biopharmaceutical development companies has exploded. Many governments and private sector investments are going into medical research and development, resulting in increased demand for laboratory centrifuges. Because of the innovative technologies and processes utilized in treating chronic diseases, the healthcare sector has seen a surge in the first installment. Cancer, HIV, AIDS, and infectious diseases have surged in the region, and medical entrepreneurs have invested heavily in compact-sized laboratory centrifuges.

The market's expansion is expected to be limited by high equipment costs and concerns with equipment lifespans. In addition, in the forecast period, the possibility of mechanical failure and production of toxic aerosols are being a threat to the laboratory centrifuge market.

Due to rapidly developing healthcare facilities in nations such as India, China, South Korea, and Malaysia, the Asia Pacific area is poised to grow exponentially. Japan dominated the Asia Pacific laboratory centrifuge market, but China is expected to increase throughout the forecast period.

This research report on the Asia Pacific Laboratory Centrifuge Market has been segmented and sub-segmented into the following categories

By Product:

• Equipment
  • Microcentrifuge
  • Ultracentrifuge
• Accessories
• By Rotor Design:
• Swinging Bucket Rotors
• Fixed Angle Rotors
• Vertical Rotors

By Intended Use:

• General-purpose Centrifuges
• Clinical Centrifuges
• Preclinical Centrifuges
• Preparative Ultracentrifuges

By Application:

• Diagnostic
• Microbiology
• Proteomics
• Genomics

By End User:

• Hospital
• Biotech
• Pharmaceutical

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

The China laboratory centrifuge market is one of the region's most significant's markets for industrial centrifuges. In recent years, the presence of a diverse range of local manufacturing and processing industries, including chemical, oil and gas, mining, food and beverage, pharmaceutical, and biotechnology, has boosted demand for industrial compressors.

After the United States, China is the world's second-largest pharmaceutical market. The pharmaceutical market in the country has grown significantly in recent years, owing to the manufacture of generic pharmaceuticals. With the continuous rise in paraxylene demand, the planned expansion will enable Sheng Hong to better service the market by increasing paraxylene production capacity, which is expected to benefit the country's industrial centrifuges industry.

As a result of all factors, China is predicted to lead the Asia-Pacific industrial centrifuge market over the forecast period. The projected expansion will enable Sheng Hong to better serve the global market by increasing paraxylene production capacity, which is expected to impact the country's industrial centrifuges industry positively.

KEY MARKET PLAYERS

Top Companies dominating the Asia Pacific Laboratory Centrifuge Market Profiled are Thermo Fisher Scientific, Inc., QIAGEN, Becton, Dickinson and Company, Danaher Corporation, Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., INC., Sigma Laborzentrifugen GmbH, Neuation, Hitachi Koki Co., Ltd., and Harvard Bioscience, Inc.,