Global Centrifuge Market Overview
The Centrifuge Market Size was estimated at 6.32 (USD Billion) in 2022. The Centrifuge Industry is expected to grow from 6.79(USD Billion) in 2023 to 12.9 (USD Billion) by 2032. The Centrifuge Market CAGR (growth rate) is expected to be around 7.4% during the forecast period (2024 - 2032).
Key Centrifuge Market Trends Highlighted
The centrifuge market is anticipated to exhibit significant growth over the forecast period, driven by the rising demand for centrifugation techniques in various industries such as biotechnology, pharmaceuticals, and research institutions. The increasing adoption of centrifuge technology for applications in cell separation, protein purification, and DNA extraction is fueling market expansion.Furthermore, advancements in centrifuge design and the introduction of high-throughput models are creating opportunities for the market. These technological advancements enhance efficiency, reduce processing time, and improve sample quality, driving market growth. Additionally, the growing emphasis on personalized medicine and the need for rapid and accurate diagnostic techniques are contributing to the market's expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Centrifuge Market Drivers
Advancements in Biotechnology and Medical Research
The growing demand for centrifuges in biotechnology and medical research is a major driver of the Centrifuge Market Industry. Centrifuges play a crucial role in various laboratory techniques, such as cell separation, DNA extraction and protein purification. The increasing prevalence of chronic diseases, such as cancer and diabetes, has led to a surge in the demand for advanced diagnostic and therapeutic techniques, which often involve the use of centrifuges.Additionally, the development of novel drugs and vaccines requires extensive research and development, which further contributes to the demand for centrifuges in the biotechnology and medical research sectors.
Increasing Adoption in Pharmaceutical Manufacturing
The pharmaceutical industry heavily relies on centrifuges for various processes, including the production of vaccines, antibiotics and other drugs. Centrifuges are used to separate and purify active pharmaceutical ingredients (APIs), remove impurities, and concentrate suspensions. The growing demand for pharmaceuticals, coupled with the need for efficient and cost-effective manufacturing processes, is driving the adoption of centrifuges in the pharmaceutical industry.Moreover, the increasing focus on personalized medicine and the development of biologics further contribute to the demand for advanced centrifugation technologies.
Expansion of Food and Beverage Industry
The food and beverage industry utilizes centrifuges for various applications, such as juice clarification, dairy processing, and oil extraction. Centrifuges help remove solids, impurities, and microorganisms from food and beverage products, ensuring their quality and safety. The growing demand for processed and packaged food and beverages, along with the increasing emphasis on food safety and quality, is driving the adoption of centrifuges in the food and beverage industry.
Centrifuge Market Segment Insights
Centrifuge Market Product Type Insights
The Centrifuge Market is segmented by product type into laboratory centrifuge, medical centrifuge, industrial centrifuge, and other centrifuges. Among these, the laboratory centrifuge segment held the largest market share in 2023, accounting for approximately 42.5% of the market revenue. The medical centrifuge segment is projected to grow at the highest CAGR during the forecast period, owing to the increasing demand for these centrifuges in hospitals and clinics for various applications such as blood separation, cell preparation, and DNA extraction.The laboratory centrifuge segment is primarily driven by the growing demand for these centrifuges in research laboratories and academic institutions for applications such as cell culture, protein purification, and nucleic acid extraction. This growth is attributed to the increasing demand for centrifuges in various applications across industries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Centrifuge Market Capacity Insights
The centrifuge market is segmented by capacity into small capacity (below 10 liters), medium capacity (10-100 liters) and large capacity (above 100 liters). In 2023, the medium capacity segment accounted for the largest share of the centrifuge market, with a market size of USD 2.9 billion. The large capacity segment is expected to grow at the highest CAGR of 8.2% during the forecast period, driven by the increasing demand for high-capacity centrifuges in the pharmaceutical and biotechnology industries. The small-capacity segment is expected to grow at a CAGR of 7.1% during the forecast period, driven by the increasing demand for small-capacity centrifuges in the food and beverage industry.
Centrifuge Market Speed Range Insights
The Centrifuge Market segmentation by Speed Range includes low speed (below 5,000 rpm), medium speed (5,000-20,000 rpm) and high speed (above 20,000 rpm). The high-speed segment is expected to witness significant growth due to its increasing adoption in various industries, including biotechnology, pharmaceuticals, and chemicals. The medium-speed segment is also expected to grow steadily, driven by its applications in oil and gas, food and beverage, and other industries. The low-speed segment is expected to grow at a slower pace compared to the other two segments.
Centrifuge Market Applications Insights
The Centrifuge Market is segmented into various applications, including Blood Separation, Biotechnology, Pharmaceutical, Food, Beverage and Oil Gas. Among these, Blood Separation held the largest market share in 2023 and is projected to maintain its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for blood transfusions, organ transplants, and plasma fractionation. The Biotechnology segment is expected to witness significant growth due to the rising adoption of centrifuges in research and development activities.The Pharmaceutical segment is also anticipated to contribute to the market growth owing to the increasing production of vaccines, antibiotics and other drugs. The Food Beverage segment is driven by the growing demand for clarified juices, dairy products, and vegetable oils. The Oil Gas segment is projected to experience steady growth due to the increasing exploration and production activities.
Centrifuge Market Rotor Type Insights
Rotor Type Segment Insights and Overview The rotor type segment is a crucial component of the centrifuge market. Centrifuges rely on rotors to generate centrifugal force, which is essential for separating particles based on their density. The four primary rotor types include fixed-angle rotors, swing-out rotors, vertical rotors, and microplate rotors. Each type serves specific applications and has unique advantages and disadvantages. Fixed-angle rotors are widely used in high-speed centrifugation and offer high centrifugal force. They are ideal for applications such as DNA extraction, cell isolation, and protein purification.Swing-out rotors are designed for low-speed centrifugation and gently separate particles without disturbing them. They are commonly used in clinical chemistry, cell culture, and microbiology. Vertical rotors are specialized for high-throughput applications and can process a large number of samples simultaneously. They are often used in blood banking, plasma separation, and industrial biotechnology. Microplate rotors are specifically designed for centrifuging microplates and are essential in molecular biology and genomics research. The rotor-type segment is expected to contribute significantly to the overall growth of the centrifuge market.Advancements in materials and manufacturing techniques are leading to the development of rotors with higher speeds, capacities, and durability. Additionally, the increasing demand for centrifuges in various industries, including healthcare, research, and manufacturing, is driving the growth of this segment. The market is expected to reach a valuation of around USD 1.65 billion by 2023, exhibiting a CAGR of approximately 6.2% during the forecast period.
Centrifuge Market Regional Insights
The Centrifuge Market segmentation by region includes North America, Europe, APAC, South America and MEA. The North American region is expected to dominate the market with a significant market share in 2023, owing to the presence of major market players and increasing adoption of advanced technologies. The European region is anticipated to follow North America in terms of market size, driven by growing demand from the pharmaceutical and biotechnology industries. The APAC region is projected to witness the fastest growth rate during the forecast period, attributed to rising healthcare expenditure and increasing awareness about the benefits of centrifuge technology.South America and MEA are expected to contribute a notable share to the Centrifuge Market, owing to the growing demand for centrifuges in various applications such as food processing, mining, and chemical processing.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Centrifuge Market Key Players And Competitive Insights
Major players in Centrifuge Market industry are continuously investing in research and development to offer innovative and technologically advanced centrifuges. Leading Centrifuge Market players are focusing on expanding their presence and increasing their market share by acquiring smaller regional players and establishing strategic partnerships. The Centrifuge Market development is driven by the increasing demand for centrifuges in the pharmaceutical, biotechnology, and chemical industries. To cater to this growing demand, market players are expanding their production capacities and developing new and innovative products. The Centrifuge Market Competitive Landscape is expected to remain competitive in the coming years, with existing players and new entrants vying for market share.Thermo Fisher Scientific is a leading provider of centrifuges with a wide range of products for various applications. The company has a strong presence in the pharmaceutical and biotechnology industries and is known for its high-quality and innovative centrifuges. Thermo Fisher Scientific is committed to providing its customers with the latest technology and support, and it has a team of dedicated engineers and scientists who are constantly working on new product development.Beckman Coulter is another major player in the Centrifuge Market, with a strong presence in the clinical and research markets. The company offers a variety of centrifuges, including benchtop, floor, and ultracentrifuges. Beckman Coulter is known for its expertise in centrifugation technology and its ability to provide customized solutions for its customers. The company has a network of sales and service centers, which provides its customers with local support and expertise.
Key Companies in the Centrifuge Market Include
- Sorvall
- Qiagen
- Thermo Scientific
- Scilogex
- Kubota Corporation
- Hettich
- Andwin Scientific
- Hitachi, Ltd.
- Labnet International
- Thermo Fisher Scientific
- Whatman
- Boeco
- Eppendorf
- Beckman Coulter
- Becton, Dickinson and Company
Centrifuge Market Industry Developments
The centrifuge market size was valued at USD 6.79 billion in 2023 and is projected to grow to USD 12.9 billion by 2032, exhibiting a CAGR of 7.4% during the forecast period. Rising demand for centrifuges in various industries, including biotechnology, pharmaceuticals, and oil and gas, is driving market growth. Technological advancements, such as the development of high-speed and energy-efficient centrifuges, are further contributing to market expansion.
Key industry players are focusing on strategic collaborations, mergers, and acquisitions to strengthen their market position and expand their product portfolio.
Centrifuge Market Segmentation Insights
Centrifuge Market Product Type Outlook
- Laboratory Centrifuge
- Medical Centrifuge
- Industrial Centrifuge
- Other Centrifuges
Centrifuge Market Capacity Outlook
- Small capacity (below 10 liters)
- Medium capacity (10-100 liters)
- Large capacity (above 100 liters)
Centrifuge Market Speed Range Outlook
- Low speed (below 5,000 rpm)
- Medium speed (5,000-20,000 rpm)
- High speed (above 20,000 rpm)
Centrifuge Market Applications Outlook
- Blood Separation
- Biotechnology
- Pharmaceutical
- Food Beverage
- Oil Gas
Centrifuge Market Rotor Type Outlook
- Fixed-angle Rotor
- Swing-out Rotor
- Vertical Rotor
- Microplate Rotor
Centrifuge Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
6.32(USD Billion) |
Market Size 2023 |
6.79(USD Billion) |
Market Size 2032 |
12.9(USD Billion) |
Compound Annual Growth Rate (CAGR) |
7.4% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Sorvall, Qiagen, Thermo Scientific, Scilogex, Kubota Corporation, Hettich, Andwin Scientific, Hitachi, Ltd., Labnet International, Thermo Fisher Scientific, Whatman, Boeco, Eppendorf, Beckman Coulter, Becton, Dickinson and Company |
Segments Covered |
Product Type, Capacity, Speed Range, Applications, Rotor Type, Regional |
Key Market Opportunities |
1.      Increased adoption in life sciences 2.      Rising demand in pharmaceuticals 3.      Technological advancements 4.      Growing healthcare expenditure 5.      Expansion in emerging markets |
Key Market Dynamics |
1.      Technological advancements 2.      rising demand from biotechnology 3.      increasing use in the food and beverage industry 4.      growing healthcare sector, pharmaceutical industry expansion |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Centrifuge Market was anticipated to reach a valuation of approximately 6.79 Billion USD in 2023.
The Centrifuge Market is projected to grow at a CAGR of approximately 7.4% from 2024 to 2032.
By the end of the forecast period in 2032, the Centrifuge Market is projected to reach a valuation of approximately 12.9 Billion USD.
The North American region is anticipated to dominate the Centrifuge Market by 2032.
The Medical Diagnostics segment is anticipated to hold the largest share of the Centrifuge Market by 2032.
Some of the key competitors in the Centrifuge Market include Thermo Fisher Scientific, Beckman Coulter, Eppendorf and Hitachi.
Factors driving the growth of the Centrifuge Market include increasing demand for high-throughput and automated centrifuges in research laboratories and industries, and growing applications in biotechnology and pharmaceutical industries.
Challenges faced by the Centrifuge Market include intense competition, stringent regulatory requirements, and high manufacturing costs.
Key trends shaping the Centrifuge Market include the adoption of advanced technologies such as microfluidics and automation, and the development of portable and user-friendly centrifuges.
Potential growth opportunities in the Centrifuge Market include the expansion into emerging markets, the development of novel applications in life sciences and healthcare, and the integration of advanced technologies.