Global Growth Driving Factors for Laboratory Centrifuges Market:

Increasing RD investments and research grants; rising technological advancements and innovative rotor designs; increasing prevalence of infectious diseases leading to a higher volume of sample testing cell-based research in laboratory centrifuges; and widening applications of laboratory centrifuges.

Projected Surge in Revenue Generation:

The laboratory centrifuges market is projected to reach USD 2.2 billion by 2026 from USD 1.8 billion in 2021, at a CAGR of 4.0% from 2021 to 2026.

Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the laboratory centrifuges market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

# The key players in the industry and markets have been identified through extensive secondary research.
# The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
# All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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COVID-19 Impact On The Laboratory Centrifuges Market

The large pool of COVID-19 patients, coupled with the possible shortage of laboratory centrifuges, has driven the growth of the laboratory centrifuges market. However, after a few years since the COVID-19 pandemic, when the vaccination of a large population and diagnosis would be achieved, the demand for centrifuges won’t be as high. It would gradually decline to its previous growth rate or demand as during the pre-COVID-19 era.

The sales and revenue of businesses dealing with laboratory centrifuges experience growth in 2020 due to the COVID-19 pandemic. In the figure below, the impact of COVID-19 can be seen on the revenues of various businesses.

RESTRAINTS: High equipment costs

Centrifuges are expensive instruments and require significant expenditure post-purchase for regular—and crucial—maintenance. The high cost of these instruments can be attributed to their complex design, rotors, and microprocessors. In this market, ultracentrifuges are among the most expensive equipment. Their rotors alone can cost upwards of USD 5,000 to 7,000, and benchtop rotors and floor standing rotors can cost around USD 30,000 to 55,000.

Moreover, various accessories such as tubes for high-speed centrifuges are very expensive, and small scratches or cracks can render them unusable and need replacement. The high price of these centrifuges may hinder the growth of this market.

CHALLENGES: Exposure to hazardous aerosols and lab-acquired infections

The centrifugation of hazardous samples may result in exposure to chemical, biological, or radioactive agents. This can adversely affect the health of personnel or operators, increase the risk of injury and cross-infection among staff, and cause damage to the equipment. It is important to ensure that the samples used for centrifugation are balanced properly. An unbalanced sample may cause tubes to break or spill out during centrifugation and release harmful aerosols into the environment.

According to the University of Tennessee (2017), approximately 80% of cases in which lab personnel contracted a disease were attributed to the production of harmful aerosols in laboratories. This factor may emerge as a major challenge for the laboratory centrifuges market in the coming years.

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OPPORTUNITY: Integration of automation and advanced features in laboratory centrifuges

The integration of automation and robotics into laboratory centrifuges is expected to create more opportunities in the future. There is a considerable amount of research for the development of autonomous/robotic centrifuges. Some companies offer advanced centrifuges that can serve during hostile and challenging pandemic situations or handling hazardous biological samples. These centrifuges can be essential equipment into a biological or life sciences lab for research purposes and clinical labs for mass scale processing of the biohazardous sample for a massive scale diagnosis.

The automation of laboratory instruments is a new trend, and this space includes the automation of laboratory centrifuges. For instance, Zinsser NA Inc. (US) offers automated centrifugation dedicated to robotic applications and requires two main features integrated into its Zinsser liquid handling platforms. These centrifuges offer remote-controlled doors and access to position the lids. The centrifuge offers the rotor in a precise position, allowing the robot gripper to access the labware in the rotor. Such automation eliminates manual intervention and provides more reliable and reproducible processes while handling biohazardous samples.