North America Laboratory Centrifuge Market

North America Laboratory Centrifuge Market Size & Growth (2023 to 2028)

As Per the Report, the North America Laboratory Centrifuge Market Size was valued at USD 0.51 billion in 2023 and is projected to reach USD 0.57 billion by 2028, to grow at a CAGR of 2.34% during the forecast period 2023 to 2028.

Pharmaceutical and biotechnology businesses invest substantially in research to discover advanced medicines to address the expanding demands of the healthcare sector, as they are a vital part of the life science industry. Furthermore, the imminent patent cliff has driven a growth in biopharmaceutical research. Laboratory centrifuge innovation improves convenience, speed, compactness, safety, efficiency, and accuracy. Previously, tensile steel rotors were employed in centrifuges but eventually replaced them with aluminum and titanium alloys. High-speed centrifuges have significantly reduced the time necessary for centrifugation while also lowering the risk of risks occurring during the process.

Due to design advances, crucial equipment components like rotors have become easier to fix and maintain. The threat of new virus outbreaks and chronic diseases has grown due to several variables, including population growth, climate change, and more human-animal contact. The use of centrifuges has expanded dramatically as the prevalence and incidence of diseases such as HIV and hepatitis have increased, notably in blood banks for disease diagnostics and blood component separation. High-speed centrifuges will minimize the time necessary for centrifugation, and advances in centrifuge design will make them easier to replace, which will drive the market to a certain extent.

The North American laboratory centrifuge market is expected to grow in new directions throughout the next decade. Chemical engineers and researchers must utilize a laboratory centrifuge to separate liquids and gases during chemical investigations. Centrifugal acceleration and density studies have helped bridge the gap between market entry and full-fledged market expansion in the chemical industry. A laboratory centrifuge can also ensure that chemical testing and experiments are accurate. As a result, several academics have stated that the chemical industry's product and service portfolio will need to be expanded in the future.

Centrifuges are expensive equipment that requires a lot of maintenance regularly. These instruments' precise design, rotors, and microprocessors accounted for their high cost. On the other hand, ultracentrifuges are among the most expensive lab equipment. As a result, the market for laboratory centrifuges is expected to suffer.

The market's growth is also projected to be hampered by concerns with long equipment lifespans. In addition, mechanical failure and the emission of harmful aerosols are expected to threaten the laboratory centrifuge market.

This research report on the North America 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:

• US
• Canada
• Rest of North America

Geographically, the North America shares the most significant of the global share. The North American area market will be boosted by rising disease prevalence, expanding awareness about diagnosis and treatment, growing hospitals, and continuing projects. North America is the fastest-growing region globally, and it also contributes significantly to global revenue.

The United States laboratory centrifuge market is being propelled forward by rising healthcare spending and the presence of well-established healthcare infrastructure. The incidence of growing chronic and acute diseases, increased R&D training programs in the pharmaceutical and biotechnology sectors, the latest disease diagnosis techniques and state-of-the-art healthcare infrastructure contribute to the growth of North American laboratory centrifuges.

KEY MARKET PLAYERS

Key players Operating the North America Laboratory Centrifuge Market Profiled in the report are Sigma Laborzentrifugen GmbH, Hitachi Koki Co., Ltd., and Harvard Bioscience, Inc, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Agilent Technologies, Inc, QIAGEN, Becton, Dickinson and Company, Danaher Corporation.,