Overview of This Research:

The study involved four major activities to estimate the current market size for laboratory centrifuge market. Exhaustive secondary research was done to collect information on market, peer market, and parent market.

The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation was used to estimate the market size of segments and subsegments.

Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the laboratory centrifuge 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.
# Laboratory centrifuges revenue generated by the leading players 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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Accessories are expected to grow at the highest CAGR during the forecast period

On the basis of product type, the laboratory centrifuge market is segmented into equipment and accessories. The accessories segment is estimated to grow at the highest CAGR during the forecast period owing to the requirement of the repeated purchase of accessories such as tubes, bottles, and buckets.

Benchtop centrifuges are expected to account for the largest market share in 2018

On the basis of model type, the laboratory centrifuges market is segmented into benchtop centrifuges and floor-standing centrifuges. Among these, the benchtop centrifuges segment is expected to account for the largest market share in 2018. Benchtop centrifuges are cost-effective, versatile, easy-to-use, smaller in size, and considerably lighter in weight. These advantages have resulted in their increased adoption in the laboratory centrifuge market.

General purpose centrifuges are expected to account for the largest market size during the forecast period

Based on intended use, the market is segmented into clinical centrifuges, preclinical centrifuges, and general purpose centrifuges. The general purpose centrifuges segment is estimated to account for the largest market share in 2018. Increase in cellular research and diagnosis of blood-related diseases are the major factors driving the growth of this market.

North America is expected to account for the largest market size during the forecast period

The laboratory centrifuge market has been segmented into four major regions, namely, North America, Europe, Asia, and the Rest of the World (RoW). Currently, North America dominates the laboratory centrifuges market, and this trend is expected to continue during the forecast period. However, the market in Asia is estimated to grow at the highest CAGR during the forecast period. The presence of emerging economies such as China and India and the increasing R&D investments by pharmaceutical and biotechnology companies in this region are the major factors supporting the growth of the Asian market.

Key Plyers:

Key players in the laboratory centrifuge market are Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Eppendorf AG (Germany), Sigma Laborzentrifugen GmbH (Germany), Andreas Hettich GmbH & Co. KG (Germany), Kubota Corporation (Japan), Koki Holdings Co., Ltd. (Japan) (previously Hitachi Koki Co., Ltd.), QIAGEN N.V. (Netherlands), NuAire (US), Sartorius (Germany), HERMLE Labortechnik GmbH (Germany), and Becton, Dickinson and Company (US).

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Recent Developments:

# In 2016, Thermo Fisher Scientific launched Medifuge
# In 2016, Beckman Coulter partnered with Henry Ford Health System. This partnership aimed to enhance and streamline operations by fully automating the Henry Ford Hospital laboratory and modernizing the equipment at 12 other Henry Ford locations.
# In 2018, Eppendorf launched Centrifuge 5425

Key Questions addressed by the report:

# Where will all these developments take the industry in the mid to long term?
# Which are the key players in the market and how intense is the competition?
# Which are the recent contracts and agreements key players have signed?

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