Medical Centrifuge Market, By Product (Bench-topC, Floor-standing, Table top, and Portable), By Application (Laboratory, Clinical, and Pharmaceutical), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI357619 | Publish Date: January 2024 | No. of Pages: 170

Global Medical Centrifuge Market By Overview

Introduction:

Medical Centrifuge Market was valued at US$ 1.9 billion in 2024 and is projected to grow at a CAGR of 4.7% to reach US$ 2.9 billion by 2034.

A medical centrifuge is a specialized analytical device used in various healthcare settings to mechanically separate components of a mixture based on their density. It works by spinning samples at high speeds, creating a powerful centrifugal force that pushes denser components of the sample outwards and lighter ones inwards. This separation process is crucial for a range of medical and research applications such as blood testing and analysis, transplantation medicine, cancer diagnosis, vaccine development and biotechnology research. Benefits of medical centrifuge includes fast and efficient separation of complex sample mixtures with a high degree of precision. Medical centrifuges have a wide range of applications due to their variety of features such as rotors, chamber capacity, portability etc. The medical centrifuge market refers to the global industry surrounding the development, manufacturing, and sale of such centrifuges specifically designed for medical applications.

As the global disease burden increases with the rising world population the need for fast processing of large quantities of patient samples in medical diagnostics is imperative to providing a positive treatment experience to patients. Increasing prevalence of chronic diseases that require extensive laboratory testing and diagnosis, advancements in biotechnology and research as well as technological advancements are seen as key drivers for the growth of medical centrifuge market.

According to a 2023 report by the World Heart Federation, cardiovascular illnesses continue to afflict over half a billion people worldwide, and they were responsible for 20.5 million fatalities in 2021—nearly a third of all deaths worldwide and a rise from the anticipated 12.1 million deaths from CVD altogether. Ischaemic heart disease is now the leading cause of premature death in 146 countries for men and 98 countries for women. Detection of such cardiovascular diseases requires extensive blood testing that involves sample prep using medical centrifuge.

Introduction - Medical Centrifuge Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Medical Centrifuge Market By Dynamics

Drivers of the Medical Centrifuge Market:      

  • Rising Prevalence of diseases and better health awareness              

As global populations expand the global disease burden is also steadily growing owing to factors like ageing populations, unhealthy lifestyles (including tobacco use, physical inactivity, and unhealthy diets), and environmental pollution all directly contributing to their rise. Non-communicable diseases (NCDs) like heart disease, stroke, cancer, diabetes, and chronic respiratory illnesses as well as emerging and re-emerging infectious diseases like HIV/AIDS, tuberculosis, malaria, and antibiotic-resistant bacteria add to the disease burden. As general health awareness increases the demand for accurate diagnostics, aiding in the early detection of cancers, infectious diseases, and genetic disorders. Analysis tools like the medical centrifuge become crucial for disease detection and therapy. Thus rising cases of illnesses drive the medical centrifuge market.       

Though advancement in treatment has caused a decline in number of new AIDs infections each year, WHO has estimated that approximately 39.0 million people were living with HIV at the end of 2022, of which 1.5 million were children (0–14 years old). Diagnosis of such disease contributes to the growing Medical Centrifuge Market.

  • Increasing preference for Precision Medicine

The rise of personalized medicine and rapid point of care diagnosis as well is reshaping healthcare, and accurate sample preparation is crucial. Medical Centrifuge excels at separating diverse biological components based on density and size, enabling precise isolation of DNA, RNA, and specific proteins. This allows for faster targeted diagnosis, development of personalized therapies, and even the creation of cell-based therapies like CAR-T cell therapy.

  • Technological Innovation allows new wider range of Applications

Technological advancements are pushing the boundaries of medical centrifuge capabilities. Automation features and AI incorporation in medical centrifuge streamlines the workflows and increases the throughput, while factors like improved cooling systems enable high-speed spinning without compromising sample integrity. This opens doors for novel applications like rapid blood coagulation testing, isolation of exosomes for biomarker analysis, and even stem cell separation for regenerative medicine. Using these technical advancements new heights of versatility can be reached as centrifuges become more oriented towards on field and emergency medical procedures.

  • Booming Global Healthcare Landscape and investment in R&D

Globally, governments are making significant investments in healthcare infrastructure. The increased number of healthcare facilities is driving up demand for dependable and effective medical devices like centrifuges. Additionally, growing disposable incomes in developing countries lead to higher healthcare spending, which boosts market expansion even more. Medical centrifuges are essential instruments for scientific study and development. These adaptable devices drive scientific advancement in a variety of ways, from isolating particular cell populations for gene therapy research to separating viruses and bacteria for the creation of vaccines.

Restrains:

  • High cost of the machine

High-performance medical centrifuges are extremely expensive due to initial purchase price and the later additional ongoing maintenance and calibration expenses. This can be a significant barrier for resource-constrained hospitals, clinics, and laboratories, particularly in developing regions.

  • Stringent regulations

Moreover stringent regulations governing medical equipment add another layer of complexity and cost to centrifuge development and production. Such rigorous standards, slow down innovation and increase product prices, retraining the growth of the Medical Centrifuge Market.

Key Opportunities in Medical Centrifuge Market:

  • Niche Applications and Emerging Fields: Personalized medicine, gene therapy, and stem cell research are pushing boundaries, and medical centrifuge is an essential tool in these pursuits
  • Point-of-Care Revolution: Compact, portable medical centrifuges designed for point-of-care settings, offering rapid sample processing and on-site results, cater to this growing demand.
  • Value-Added Services and Partnerships: Preventive maintenance, on-site training, and assistance with data analysis are just a few of the comprehensive service packages that can provide recurring income streams and foster client loyalty. Forming alliances with research centres or diagnostics businesses might lead to creative partnerships and access to specialized markets.

Recent Development:

  • In 2023, Hermle Labortechnik GmbH, leading manufacturers of centrifuges and incubators for clinical-medical applications acquired 100% ownership of Philipp Kirsch GmbH, the renowned manufacturer of high-quality cooling and freezing solutions for laboratories and healthcare, marking a significant partnership for both entities. This transaction has a variety of synergistic impacts throughout the whole value chain. Since both businesses' target markets significantly overlap, cross-selling as a means of streamlining and growing distribution channels more effectively is the main focus.
  • In April 2021, leading life science manufacturer Eppendorf unveiled the Centrifuge 5910 R, a revolutionary centrifuge intended to boost lab productivity. The new centrifuge replaces the well-liked Centrifuge 5910 R, the flagship model in the Eppendorf multifunctional centrifuge portfolio that, since its introduction in 2018, has offered clients all over the world exceptional versatility and usability.

Global Medical Centrifuge Market By Segmentation

Medical Centrifuge Market is segmented based on based on by Product, by Application and Region.

Product type Insight

  • Bench-topC Centrifuge- Highly compact centrifuge used for separating a small number of samples. Due to their portability and space saving features they are highly popular and hold the largest market share of the medical centrifuge market.
  • Floor-Standing Centrifuge- Can handle large and diverse sample volumes and generate high centrifugal forces to deliver precise separations. They're typically used in research, industrial, and clinical settings where high throughput and robust performance are essential.
  • Table top Centrifuge- Compact devices used for rapid testing. Micro centrifuges, low-speed centrifuges, high-speed centrifuges, refrigerated centrifuges, etc. are common types of table top medical centrifuge.
  • Portable Centrifuge- Small compact design with a battery-powered or AC-powered lightweight body for on-the-go sample preparation and analysis in diverse healthcare settings. They offer several advantages over their larger counterparts, making them essential tools for point-of-care diagnostics, field research, and emergency medicine.

Application Insights

  • Laboratory- Compact medical centrifuge used for laboratory analysis of blood and tissue samples, blood typing, sample concentration etc. Currently laboratory centrifuge segment holds the largest share in the medical centrifuge market.
  • Clinical – High throughput medical centrifuge used in diagnostic laboratories, hospitals, and other healthcare settings for various clinical applications including precise preparation of a large number of patient samples. These help in providing point of care service in diagnostics.
  • Preclinical- centrifuges used in research and development activities before clinical trials in humans. It plays a crucial role in various stages of drug discovery and development, making it a significant and dynamic segment within the broader medical centrifuge market.

Regional Insights:

Regional Insights - Medical Centrifuge Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Medical Centrifuge Market Regional Insights:

On region the Medical Centrifuge Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America market is estimated to witness a significantly high revenue share over the forecast period, owing to rising prevalence of chronic diseases, favourable government initiatives that support healthcare infrastructure improvements and significant R&D investments as well as established presence of global brands
  • Asia Pacific market is estimated to witness fastest revenue share due to rapidly growing healthcare sector fuelled by rising disposable income and an ageing population. Increasing investments in biotechnology and pharmaceuticals and multiple governmental efforts to improve healthcare infrastructure are also contributing to the expansion of the medical centrifuge market; especially countries with increasing populations like China and India.    
  • Europe having developed economies and well-established healthcare systems, it maintains a steady share of the medical centrifuge market. Budgetary restrictions and slower population growth, however, might restrict any major expansions of the medical centrifuge market in the forecast period.
  • Latin America has smaller market shares but offers significant potential for future growth due to expanding economies and improving healthcare infrastructure. Countries with emerging economies like Brazil and Argentina have scope of holding substantial sections of the medical centrifuge market in the forecast period.
  • Middle East & Africa The medical centrifuge market in this region is expected to witness significant growth in the coming years, driven by several factors such as the rising burden of chronic and autoimmune diseases, growing healthcare infrastructure and investment in research and development activities.   

Report Scope:

Attribute

Details

Market Size 2024

US$  1.9 billion

Projected Market Size 2034

US$ 2.9 billion

CAGR Growth Rate

4.7%

Market Segmentation

By Product- Bench-topC, Floor-standing, Table top, Portable

By Application- Laboratory, Clinical, Pharmaceutical

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Medical Centrifuge Market report based on By Product, By Application and Region:

Medical Centrifuge Market, By Product Type:

  • Bench-topC,
  • Floor-standing
  • Table top
  • Portable

Medical Centrifuge Market, By Application:

  • Laboratory
  • Clinical
  • Pharmaceutical

Medical Centrifuge Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Medical Centrifuge Market By Key Players

The key players operating the Medical Centrifuge Market includes, Andreas Hettich GmbH & Co KG, Hermle Labortechnik GmbH, Biobase Corp., Liston & Co., Ltd., Aesthetic International Holdings Group Ltd., Scilogex, Phoenix Instrument, Inc., Ecohim Ltd., Drucker Diagnostics, Inc., Hanlab Corporation and Others.

Global Medical Centrifuge Market By Company Profile

  • Andreas Hettich GmbH & Co KG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hermle Labortechnik GmbH
  • Biobase Corp.
  • Liston & Co., Ltd.
  • Aesthetic International Holdings Group Ltd.
  • Scilogex
  • Phoenix Instrument, Inc.
  • Ecohim Ltd.
  • Drucker Diagnostics, Inc.
  • Hanlab Corporation

“*” marked represents similar segmentation in other categories in the respective section

Global Medical Centrifuge Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Medical Centrifuge Market, By Product
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Bench-topC
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Floor-standing
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Tabletop
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Portable
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  6. Medical Centrifuge Market, By Application, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Laboratory
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Clinical
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Pharmaceutical
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  7. Medical Centrifuge Market, By Region, 2022 – 2032, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Andreas Hettich GmbH & Co KG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hermle Labortechnik GmbH
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Biobase Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Liston & Co., Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Aesthetic International Holdings Group Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Scilogex
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Phoenix Instrument, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ecohim Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Drucker Diagnostics, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hanlab Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Medical Centrifuge Market was valued at US$ 1.9 billion in 2024 and is projected to grow at a CAGR of 4.7% to reach US$ 2.9 billion by 2034.

The Medical Centrifuge Market is segmented based on Product, Application and Region.

Emerging trends include the adoption of compact and automated centrifuges, advancements in technology for precise separation, and increasing applications in diagnostics and research, offering significant opportunities in the global Medical Centrifuge Market.

Factors driving the market include the growing prevalence of diseases, advancements in medical research, expanding biotechnology and pharmaceutical industries, and the increasing demand for efficient sample processing in diagnostics.

The report covers regions worldwide. North America is anticipated to dominate the Medical Centrifuge Market, driven by well-established healthcare infrastructure, ongoing technological advancements, and high research and development activities in the region.

The prominent players operating in the Medical Centrifuge Market includes, Andreas Hettich GmbH & Co KG, Hermle Labortechnik GmbH, Biobase Corp., Liston & Co., Ltd., Aesthetic International Holdings Group Ltd., Scilogex, Phoenix Instrument, Inc., Ecohim Ltd., Drucker Diagnostics, Inc., Hanlab Corporation, and others.