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What key factors are powering the surge in the medical centrifuge market right now?

The size of the medical centrifuge market has significantly expanded in the past few years. It’s anticipated to escalate from $2.03 billion in 2024 to $2.14 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.6%. Factors contributing to growth during historical periods include advancements in scientific research, expansion in the healthcare sector, the progression of biomedical research, the advancement of clinical diagnostics, and enhanced safety standards.

How fast Is the medical centrifuge market expected to grow, and what’s its future value?

The market size for medical centrifuges is anticipated to witness robust expansion in the coming years, with a projected value of $2.91 billion in 2029, following a compound annual growth rate (CAGR) of 7.9%. This growth during the forecast period is expected to be driven by factors such as increased healthcare expenditures, the evolution of point-of-care testing, the increased demand for specialized centrifuges, the growth of digitalization and connectivity, as well as an emphasis on energy efficiency. The forecast period also sees trends like the development of compact, portable designs, automation and integration, specialized centrifugation, technological advancements in rotor technology, and an increased focus on energy efficiency and sustainability.

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What are the leading drivers of growth in the medical centrifuge market?

The medical centrifuge market is projected to expand due to a rise in research and development activities. Before they start their development process, these R&D operations are employed to gather market insights, which can lead to the creation and introduction of new products and services, ultimately enhancing the company’s profitability. Centrifuges are often used in research and clinical laboratories for the purification of cells, organelles, viruses, proteins, and nucleic acids. For instance, the Accelerating Access to Genomics for Global Health report by the World Health Organization (WHO), a specialized health agency of the United Nations based in Switzerland, cited that from March 2021 and January 2022, the percentage of countries able to carry out genomic surveillance increased from 54% to 68%, spurred by the increasing investment made during the COVID-19 pandemic. Therefore, this uptick in research and development activities is fueling the growth of the medical centrifuge market.

What are the key segments defining the medical centrifuge market?

The medical centrifuge market covered in this report is segmented –

1) By Type: Bench-top, Floor-Standing, Tabletop, Portable

2) By Capacity: Microcentrifuge, Medium Capacity Centrifuge, Large Capacity Centrifuge

3) By Temperature: Refrigerated Centrifuge, Non-refrigerated Centrifuge

4) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Other End Users

Subsegments:

1) By Bench-top: Fixed Angle Centrifuges, Swinging Bucket Centrifuges

2) By Floor-Standing: High-Speed Centrifuges: Refrigerated Centrifuges

3) By Tabletop: Mini Centrifuges: Microcentrifuges

4) By Portable: Battery-Operated Centrifuges: Handheld Centrifuges

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Who are the key players steering the development of the medical centrifuge market?

Major companies operating in the medical centrifuge market include Scilogex LLC, Drucker Diagnostics Inc., Sartorius AG, Thermo Fisher Scientific Inc., Andreas Hettich GmbH & Co. KG, Danaher Corporation, Eppendorf AG, HERMLE Labortechnik GmbH, KUBOTA Corporation, NuAire Inc., Sigma Laborzentrifugen GmbH, Hitachi Koki Co. Ltd., Labnet International Inc., MSE UK Ltd., Neuation, REMI GROUP, Centurion Scientific Ltd., AccuBioTech Co. Ltd., Labocon, LaboGene ApS, MPW MED INSTRUMENTS, NuWind, Separation Technology Inc., Unico Inc., ZIRBUS technology GmbH

What emerging trends are influencing the growth of the medical centrifuge market?

The trend of product innovation is increasingly becoming pivotal in the medical centrifuge industry. To maintain their competitive edge, leading firms in the market are launching novel products. Case in point, Boekel Scientific, a US-based firm recognized for its role in creation and production of top-notch lab utilities and medical devices, unveiled a fresh line of centrifuges in August 2023. This collection, inclusive of four categories – economy, general purpose, STAT, and Blood Bank, has been designed to address varying laboratory requirements. Available in sizes of 6-place, 12-place, and 24-place, they all possess detachable rotors. The latest centrifuges are packed with innovative features such as LED light signals and brushless motors, reinforcing Boekel Scientific’s reputation for durability and quality. Furthermore, given their dual voltage capacity and alignment with UL/CSA/CE norms, they are optimally suited for global utilization.

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Which regions are most influential in expanding the medical centrifuge market?

North America was the largest region in the medical centrifuge market in 2024. Asia-Pacific is expected to be the fastest-growing region in the medical centrifuge market report during the forecast period. The regions covered in the medical centrifuge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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