Global Demand of Next Generation Centrifuge Market 2017-2025

Global Next Generation Centrifuge Market Pegged to Reach Nearly
US$ 1,380 Mn by 2025-End
Growing advancements in medical and clinical field has spread awareness about requirement for
better healthcare system. Governments across the globe are making amendments in research &
development, and diagnostic activities, and taking initiatives for developing access to care. These
factors are expected to drive growth of the global next generation centrifuge market. Global next
generation centrifuge market is projected to register 6.1% CAGR during the forecast period 2017 to
2025, according to a report by Persistence Market Research (PMR). The market is estimated to
reach nearly US$ 1,380 Mn in revenues by 2025-end.
PMR’s report projects North America to remain dominant in the global next generation centrifuge
market, with revenues pegged to surpass US$ 500 Mn by 2025. Europe is estimated to be secondlargest market for next generation centrifuge during the forecast period. This market growth in
Europe is primarily attributed to factors such as growing number of life sciences companies, and
soaring application of centrifuge for DNA extractions in forensic science. In addition, market in
Asia Pacific (APAC) is expected to exhibit highest CAGR through 2025.
Refrigerated centrifuge will remain the most lucrative product in the global next generation
centrifuge market. Revenues generated from sales of refrigerated centrifuge is poised to reach
nearly US$ 1000 Mn by 2025-end. Among two types of refrigerated centrifuge viz. refrigerated
benchtop and refrigerated floor standing, the former is projected to exhibit a comparatively higher
CAGR through 2025.
Academic and research organisations will remain the highest end-users of next generation
centrifuge. Demand for next generation centrifuge from these organisations is projected to expand
at 7.6% CAGR through 2025. Biopharmaceutical companies are expected to be second-largest endusers of next generation centrifuge by 2025-end. In contrast, demand for next generation centrifuge
from diagnostic centers will remain sluggish during the forecast period.
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With soaring expansion of life sciences sector, several small- and medium-sized companies are
focusing on increasing their presence in the market. These companies are adopting strategies such
as new innovative product offerings coupled with more complex technologies, for differentiating
their products from existing ones in the market. In addition, companies are focusing on introduction
of systems with advanced features to cater increasing requirement of centrifuges. These factors are
estimated to propel growth of the market.
Increasing research & development activities in pharmaceutical industry has driven the demand for
next generation centrifuges in production and quality assurance (QA) processes. Moreover,
utilisation of advanced techniques such as next generation sequencing is on the rise, for studying
patterns of infectious diseases in cancer patients. This further propels the demand for next
generation centrifuges in molecule extraction and diagnosis procedures.
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However, high costs are involved in initial setup and installation of floor standing centrifuges,
coupled with service and repair costs. Organisations face challenges owing to limited financial
supports. In addition, utilisation of next generation centrifuges depends on the availability of robust
medical platforms and facilities. The aforementioned factors are expected to restrain growth of the
global next generation centrifuge market during the forecast period.
Key market players identified in PMR’s report include Eppendorf, Thermo Fisher Scientific Inc.,
Danaher Corporation (Beckman Coulter), NuAire Inc., Corning Inc., Hettich GmbH & Co.KG,
Qiagen, Hitachi Koki Co., Ltd.
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