Unprecedented Demand for Vaccines and Drugs amidst COVID-19
The World Health Organization (WHO) announced a fresh set of laboratory biosafety guidelines that are associated with the novel coronavirus (COVID-19) for healthcare professionals. WHO continues to monitor developments and revise their recommendations, since coronavirus is limited, but rapidly growing in major economies. Specific manipulations in laboratories such as loading and unloading of sealed centrifuge cups, grinding, and blending may cause splashing of droplets and aerosols of potentially infectious materials. Hence, companies in the centrifuge market as well as lab professionals are notified about routine laboratory procedures to prevent further spread of COVID-19.
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As per the WHO, research professionals are advised to conduce centrifugation of specimens using sealed centrifuge rotors and sample cups. Companies in the centrifuge market are capitalizing on the opportunity to help pharmaceutical companies develop drugs and vaccines that prevent the spread of coronavirus.
Microfluidic Device Design Works as Mini Centrifuge Machines for Enhanced Drug Development
New rotor designs are playing an instrumental role in innovations as simple as the size of a grain of sand for advanced blood cells analysis. For instance, the research team at the RMIT University, Australia, are innovating with micro devices enabling tailored experiments in drug delivery and disease research with the help of organ-on-chip systems. Thus, companies in the centrifuge market should collaborate with such researchers to develop lab-on-a-chip devices that function like mini centrifuge machines for analyzing blood and other fluid samples. This is evident, since the revenue of hospitals and blood banks is projected for exponential growth in the centrifuge market, where the market is estimated to progress at a modest CAGR 4.4% during the forecast period.
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Microfluidic devices are fueling innovations in new chip technologies by eliminating the need for large volume samples. These innovations are playing a key role in the study of cardiovascular diseases. The device’s soft spherical cavities are being used to mimic 3D (Three Dimensional) human organs, whilst analyze how cells respond in various flow conditions or drug interactions.
3D Printed Centrifuges Overcome Barriers Associated with Conventional Centrifuges in STEM-focused Programs
Centrifuges are increasingly mainstream in laboratories as well as for general applications such as for DNA isolation and clinical diagnostics. However, traditional centrifuges are prohibitively expensive in STEM (Science, Technology, Engineering, and Mathematics)-focused programs and resource-limited settings. Hence, companies in the centrifuge market are gaining efficacy in 3D printed hand-powered centrifuges that are replacing conventional centrifuges. As such, paper-based centrifuges are generating incremental opportunities for companies in the centrifuge market, since 3D printed instruments in these centrifuges are capable of increasing volume capacity and reach high centrifugation speeds.
3D printed hand-powered centrifuges are contributing toward the substantial revenue of the centrifuge market, which is expected to cross US$ 2.35 Bn by 2030. These centrifuges are benefitting healthcare professionals, as they provide a range of solutions such as spinning down samples for biomarker applications and conducting nucleotide extractions in portable molecular lab setups. Thus, low cost attributes of 3D printed centrifuges are being highly publicized in remote field biology and educational settings.
Local risk assessment has become a mandate in laboratory and clinical settings as per the WHO guidelines due to the widespread reach of the coronavirus. The 3D printing technology is revolutionizing the centrifuge market for rapid development of drugs and production of cost-effective diagnostic tools.
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The high-quality whole-genome amplification (WGA) has become an indispensable part of laboratories for deriving genetic information on single cells in biology and medicines. However, the time-consuming droplet generation process and difficulties in parallel operation for multiple single-cell samples remain major obstacles. Hence, companies in the centrifuge market should acquire expertise in centrifugal-driven droplet generation method for rapid and convenient generation of uniform droplets from relatively small volume samples.
Centrifuge Market: Overview
The global centrifuge market was valued at ~US$ 1 Bn in 2019 and is projected to expand at a considerable CAGR from 2020 to 2030. Centrifuges can be defined as machines, which employ centrifugal force for the separation of substances of different densities, aids in removing moisture, and for stimulation of gravitational effects.
The global centrifuge market is driven by the growth of the life sciences industry, increasing prevalence of infectious diseases, growing research in genomics and proteomics, and increasing prevalence of blood related diseases leading to the demand for blood components
Centrifuge Market: Segmentation
The global centrifuge market has been segmented based on product, model type, rotor design, intended use, application, end user, and region
In terms of product, the global centrifuge market has been categorized into equipment and accessories. The equipment segment is further segmented into multipurpose centrifuges, microcentrifuges (excluding minicentrifuges), ultracentrifuges, floor model centrifuges, and high speed centrifuges. The ultracentrifuges sub-segment is further divided into preparative ultracentrifuges and analytical ultracentrifuges. The accessories segment is further sub-segmented into rotors, tubes, centrifuge bottles, buckets, plates, and other accessories.
Based on model type, the global centrifuge market has been classified into benchtop centrifuges and floor-standing centrifuges. In terms of rotor type, centrifuge market can be segmented into fixed-angle rotors, swinging-bucket rotors, vertical rotors, and others. Based on intended use, the centrifuge market has been segmented into general purpose centrifuges, clinical centrifuges, and preclinical centrifuges.
In terms of application, the global centrifuge market has been divided into clinical, research, and biotherapeutic manufacturing. The clinical segment is further segmented into diagnostics, blood component separation, and blood banking. The research segment is sub-segmented into microbiology, cellomics, genomics, proteomics, and others. The biotherapeutic manufacturing segment is sub-segmented into viral vectors, antibodies, hormones, nanoparticles, plasmid preparation, and vaccine manufacturing.
In terms of end user, the global centrifuge market is segmented into hospitals and blood banks, biotechnology & pharmaceutical companies, CROs, C(D)MOs, and academic & research institutions
Centrifuge Market: Regional Segmentation
In terms of region, the global centrifuge market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America dominated the global centrifuge market in 2018 and the trend is expected to continue during the forecast period
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The centrifuge market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. Growth of the market in the region can be attributed to increase in the number of patients suffering from infectious diseases and focus of leading players on strengthening presence in emerging markets.
Centrifuge Market: Major Players
Key players operating in the global centrifuge market include
- Thermo Fisher Scientific Inc.
- Danaher Corporation
- Dickinson and Company (BD)
- Sartorius AG,
- Eppendorf AG
- KUBOTA Corporation
- Sigma Laborzentrifugen GmbH
- Andreas Hettich GmbH & Co. KG
These players focus on adopting inorganic growth strategies and product launches to strengthen their product portfolio. Thermo Fisher Scientific is one of the leading players in the centrifuge market. Its strong presence can be attributed to its extensive product portfolio and its strong brand recognition. Furthermore, the company strengthened its presence in the centrifuge market through a range of product launches over the years, including a range of blood banking centrifuges, Sorvall BP 8, and mini centrifuges. This enabled the company to enhance and expand its end user base.
Key Questions Answered in Centrifuge Market Report
- What will be the sales revenue generated by centrifuge across all regions during the forecast period?
- What are the key trends in the global centrifuge market?
- What are major drivers, restraints, and opportunities in the global centrifuge market?
- Which regional market is set to expand at the fastest CAGR during the forecast period?
- Which application segment will generate the maximum revenue by 2030 and which product segment will expand at the fastest CAGR during the forecast period?
Centrifuge Market – Segmentation
- Multipurpose Centrifuges
- Preparative Centrifuges
- Analytical Centrifuges
- Floor Model Centrifuges
- High Speed centrifuges
- Centrifuge Bottles
- Other Accessories
- Benchtop Centrifuges
- Floor-standing Centrifuges
- Fixed-angle Rotors
- Swinging-bucket Rotors
- Vertical Rotors
- Other Rotors
- General Purpose Centrifuges
- Clinical Centrifuges
- Pre-clinical Centrifuges
- Blood Component Separation
- Blood Banking
- Other Applications
- Biotherapeutic Manufacturing
- Viral Vectors
- Plasmid Preparation
- Vaccine Manufacturing
- Hospitals & Blood Banks
- Biotechnology & Pharmaceutical
- Academic & Research Institutions
- North America
- Asia Pacific
- Rest of the World
TABLE OF CONTENT
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Acronyms
3. Research Methodology
4. Executive Summary: Global Centrifuge Market
5. Market Overview
5.2. Market Indicators
5.3. Market Dynamics
5.4. Global Centrifuge Market Revenue (US$ Mn) Forecast, 2018–2030
5.5. Global Centrifuge Market Outlook
6. Key Insights
6.1. Technological Advancements
6.2. Brand Analysis (Major Brands, Product Specifications, etc.)
6.3. Regulatory Scenario by Region/globally
6.4. Key Industry Events (Mergers, Acquisitions, Collaborations, Approvals, etc.)
6.5. COVID 19 – Applications of Centrifuges
7. Global Centrifuge Market Analysis and Forecast, by Product
7.2. Global Centrifuge Market Value Share Analysis, by Product
7.3. Global Centrifuge Market Value Forecast, by Product, 2018–2030
188.8.131.52. Multipurpose Centrifuges
184.108.40.206. Microcentrifuges (not incl. minicentrifuges)
220.127.116.11.1. Preparative Ultracentrifuges
18.104.22.168.2. Analytical Ultracentrifuges
22.214.171.124. High Speed Centrifuges
126.96.36.199. Floor Model Centrifuges
188.8.131.52. Centrifuge Bottles
184.108.40.206. Other Accessories
7.4. Global Centrifuge Market Attractiveness Analysis, by Product
8. Global Centrifuge Market Analysis and Forecast, by Model Type
8.2. Global Centrifuge Market Value Share Analysis, by Model Type
8.3. Global Centrifuge Market Value Forecast, by Model Type, 2018–2030
8.3.1. Benchtop Centrifuges
8.3.2. Floor-standing Centrifuges
8.4. Global Centrifuge Market Attractiveness Analysis, by Model Type
9. Global Centrifuge Market Analysis and Forecast, by Rotor Design
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