Laboratory Centrifuge Market size is projected to experience significant growth from 2017 to 2024.
Increasing disease prevalence along with increasing research and development activities in fields such as biochemistry, microbiology and molecular biology will drive business growth over the forecast period. Increasing geriatric population base having higher susceptibility to diseases due to low immunity power will fuel industry growth. Growing awareness pertaining to need for early diagnosis has resulted in a rise in blood and urine tests aiding industry expansion.
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Laboratory centrifuges are undergoing rapid advancements since their commercialization in the 1940’s. Traditionally rotors were constructed primarily from steel and metal alloys, however, innovations in material technology have paved the way for the use of composite materials such as carbon fiber with several highly desirable traits that overcome the limitations of metals. Vacuum systems have been added for reducing friction and maintaining temperature control. Technological advancements are leading to higher adoption rates.
High equipment cost deters adoption to some extent. For instance, Thermo Scientific Sorvall ST 40R Centrifuge costs approximately USD 11,500. Furthermore, skilled technicians are required for handling the equipment. Need for regular maintenance coupled with long product life may restrict industry growth to some extent.
Microcentrifuges are poised to grow at a lucrative pace over the forecast years. These devices have a compact design and typically use small tubes between 0.2 to 2 ml. Increasing demand for high-throughput assays along with advancements in molecular biology should drive segment growth. The equipment is routinely used for pelleting of nucleic acids and proteins from solutions as well as microfiltration of small aqueous samples.
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Types of centrifuge rotors include swinging bucket, fixed angle, vertical and others. Fixed angle rotors are slated to witness robust growth during the forecast period. In these rotors, the tubes are set at a fixed angle between 14° and 40° to the vertical. Advantages such as simple and efficient tube spacing providing enhanced tube accommodation and rigid design providing the ability to withstand higher gravitational forces should stimulate demand. These rotors also provide a shorter sedimentation distance which further decreases the sedimentation time yielding faster results.
End users of the product include pharmaceutical and biotechnology companies, hospitals and research institutions. Hospitals accounted for significant revenue share owing to increasing prevalence of infectious diseases and growing public awareness pertaining to early diagnosis and treatment. The devices are used in hospitals for biochemical analysis of body fluids, separation of blood cells from plasma, measuring volume fraction of erythrocytes in blood and for separating sediments from urine.