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Micro Laboratory Centrifuges to Capture Nearly 3/5th Market Share Globally: Fact.MR Study

Laboratory Centrifuge

Laboratory Centrifuge

As per a recent report published by Fact.MR, the global laboratory centrifuge market is poised to grow at a CAGR of 2.5% from 2022 to 2032, expected to close at a valuation of US$ 2.1 Billion. Rising complexities in the nature and incidence of multiple chronic and infectious ailments are prompting healthcare providers to investigate advanced therapeutic and diagnostic approaches, for which deployment of sophisticated laboratory centrifuges is becoming important.

From 2015 to 2021, the market for Laboratory Centrifuge grew at a CAGR of 2.1%, closing at a value of US$ 1.6 Billion. As of 2022, the industry is likely to reach US$ 1.65 Billion. Laboratory centrifuges are highly sought after in biotechnological research, attributed to their exclusive properties, including high efficiency in separating suspended particles, easy sedimentation of cells and viruses, and isolation of macromolecules.

As the medical industry expands, there are increasingly more clinical trials and analytical tests requested for different lab procedures. With the demand for new labs and instruments, laboratory centrifuges will continue to increase. As a result of their cost-effective nature, they are highly demanded in the market.

Key Takeaways from the Market Study 

 As the global incidence of chronic and infectious diseases multiplies, healthcare providers are discovering advanced therapeutic and diagnostic alternatives, which will spearhead the demand for laboratory centrifuges in the long run,” comments a Fact.MR analyst. 

 Competitive Landscape 

The global market for Laboratory Centrifuge is characterized by the presence of multiple vendors, aiming to offer extensive consulting and integration services to clients. Additionally, enterprises are seeking out, specialized service providers, offering solutions tailor-made to suit their business objectives. In addition, the vendors are likely to leverage up-gradation and product differentiation to gain an edge over other competitors in the market.

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More Valuable Insights 

Fact.MR, in its new offering, presents an unbiased analysis of the global laboratory centrifuge market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on product type (multipurpose centrifuges, micro laboratory centrifuges, ultra-laboratory centrifuges and others) and application (biotechnology & pharmaceutical companies, academic & research institutes, hospitals, diagnostics and other applications)  across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East & Africa).

About the Industrial Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Industrial team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

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