USD 269.25 Mn growth in Laboratory Centrifuge Market 2021-2025 | North America to Occupy 33% Market Share | Technavio

NEW YORK, Oct. 21, 2021 /PRNewswire/ --  Technavio's latest offering, Laboratory Centrifuge Market report provides a detailed analysis on the competitive scenario, the pre- and post-COVID-19 impact on businesses, and the market growth across various regions.

The laboratory centrifuge market size is set to grow by USD 269.25 million during 2021-2025, accelerating at a CAGR of over 3%.

Market Dynamics

The market is driven by factors such as the increasing number of biotechnology and pharmaceutical research studies and the increasing use of molecular diagnostics in hospitals. However, the high cost associated with maintenance and post-purchase service is hindering market growth.

Technological advances are expected to offer several growth opportunities for market players. On the other hand, the lack of availability in emerging countries will challenge their growth.

Company Profiles

The laboratory centrifuge market report provides complete insights on key vendors including Agilent Technologies Inc., Avantor Inc., Azer Scientific Inc., Benchmark Scientific Inc., Bio Rad Laboratories Inc., Biosan, Centurion Scientific Ltd., Corning Inc., Danaher Corp., and Eppendorf AG.

Competitive Analysis

The laboratory centrifuge market report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

• By Product, the market is classified into benchtop centrifuges and floor standing centrifuges. The market witnessed maximum demand for benchtop centrifuges in 2020.
• By Geography, the market is analyzed across North America, Europe, Asia, and ROW. North America will have the largest share of the market.

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SOURCE Technavio