Laboratory Centrifuges Market Insights, Development and Demand Forecast to 2030

Posted by Aryan on April 3rd, 2024

In 2023, the laboratory centrifuges market reached a value of USD 1,949.8 million, and it is projected to increase to USD 2,541.2 million by 2030, representing a growth rate of 4.0% during the period from 2024 to 2030.

This can be credited to the surge in technical improvements, the occurrence of illness, the surge in research and development activities, and the rise in the count of pharmaceutical, biopharmaceutical, and life science businesses.

The surge in the incidence of product launches with governing sanctions is projected to boost the development of the industry. For example, in 2022, Thermo Fisher Scientific Inc. introduced the DynaSpin single-use centrifuge, which is exactly made for important cell culturing harvesting. The system provides advanced effectiveness during the procedure, at the same time reducing the need for traditional depth filtration, therefore providing price-efficiency, and quickening up the whole procedure.

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In 2023, the fixed-angle rotors category held the largest share. This is due to the surge in research and development activities and the advantages of fixed-angle rotors, and also, they do not have moving components like other variants. Thus, in comparison to swingbucket rotors, fixed-angle rotors witness much lesser metal stress, which primes to quicker centrifugation times and robust g-forces.

In 2023, the North American region, had the largest share, of 35%, and its size is projected to advance at a CAGR of 4.5% over the projection period. This can be credited to the increasing research and development expenditure by private players in the pharmaceutical, biopharmaceutical, and life science businesses and government bodies.