Micro Refrigerated Centrifuge Market
PUBLISHED: 2024 ID: SMRC24687
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Micro Refrigerated Centrifuge Market

Micro Refrigerated Centrifuge Market Forecasts to 2030 - Global Analysis By Type (Floor-standing and Desktop), Application (Clinical Laboratories, Pharmaceuticals, Agricultural Research and Other Applications) and By Geography

4.8 (37 reviews)
4.8 (37 reviews)
Published: 2024 ID: SMRC24687

This report covers the impact of COVID-19 on this global market

Years Covered

2021-2030

CAGR (2023 - 2030)

3.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Europe

Highest Growing Market

North America


According to Stratistics MRC, the Global Micro Refrigerated Centrifuge Market is at a CAGR of 3.2% during the forecast period. A micro refrigerated centrifuge is a specialized laboratory instrument designed for the separation of small volumes of biological samples through centrifugal force while also maintaining a controlled temperature environment. This device is crucial in various applications, particularly in molecular biology, biochemistry, and clinical diagnostics. This centrifuge operates by spinning samples at high speeds, causing particles or components with different densities to separate. It is suitable for handling small sample volumes with temperature control, ensuring accurate and reliable results.

Market Dynamics: 

Driver: 

Laboratory modernization initiatives

Automated systems can handle a higher volume of samples concurrently, reducing turnaround times for experiments and diagnostic procedures. This is particularly crucial in time-sensitive applications, such as clinical diagnostics, where rapid results are essential for patient care. Moreover, automation minimizes manual intervention, reducing the risk of human errors and ensuring consistent performance across multiple runs contributing to the reproducibility of results, a crucial factor in scientific research which are boosting this market expansion.

Restraint:

High initial costs

The high initial costs pose a challenge for laboratories and research facilities, particularly those with limited budgets or funding constraints, which could discourage prospective purchasers from implementing automation in their processes. Moreover, this also impacts the return on investment (ROI) calculations for potential buyers, and consequently, the manufacturing and development costs of these centrifuges are high, leading to elevated purchase prices that are impeding market growth.

Opportunity:

Technological advancements

Innovations in robotics play a crucial role in enabling precise sample handling and processing. Advanced sensor technologies enhance the accuracy of centrifugation processes, ensuring optimal results in applications such as DNA/RNA extraction and protein purification, which contribute to the generation of high-quality, reproducible data. Additionally, integration with smart technologies, such as connectivity with laboratory information systems (LIS) and data management software, streamlines workflows and facilitates real-time monitoring of centrifuge operations, thereby driving market growth.

Threat:

Lack of standardization

The absence of standardized protocols and interfaces complicates data management and communication. Different manufacturers may employ varying designs, sizes, and specifications for their centrifuge models, making it challenging to integrate them into automated systems. Furthermore, the lack of compatibility prevents laboratories from easily swapping or upgrading centrifuges without significant modifications or reconfiguration of the automation setup. This can lead to interoperability issues and hinder the market.

Covid-19 Impact

The COVID-19 pandemic has had negative impacts on the micro-refrigerated centrifuge automation market, affecting both demand and supply aspects of the industry. The disruptions in laboratory operations and research activities during lockdowns and restrictions have led to a slowdown in equipment purchases and upgrades. Furthermore, budget constraints and shifting priorities have resulted in postponed investments in automation technologies. This has limited the ability of laboratories to invest in new and advanced micro-refrigerated centrifuges with automation features, which has significantly hampered the market size.

The desktop segment is expected to be the largest during the forecast period

The desktop segment is estimated to hold the largest share due to compact and efficient centrifuge systems designed for use on laboratory desktops. These centrifuges are characterized by their smaller footprint and user-friendly features, advanced control systems, and programmable functionalities that streamline and automate centrifugation processes. In addition, these automated desktop centrifuges are particularly used in applications such as sample preparation, nucleic acid extraction, and protein purification, which are boosting this segment’s expansion.

The clinical laboratories segment is expected to have the highest CAGR during the forecast period

The clinical laboratories segment is anticipated to have highest CAGR during the forecast period. These centrifuges are specifically designed to meet the stringent requirements of diagnostic laboratories and medical facilities. Automation features may include programmable protocols, touch-screen interfaces, and integration with laboratory information systems. Furthermore, these advancements contribute to standardized and high-throughput sample processing, allowing clinical laboratories to handle a large volume of samples with precision and consistency, which is driving this segment’s growth.

Region with largest share:

Europe commanded the largest market share during the extrapolated period, owing to a growing demand for advanced laboratory equipment designed for efficient and automated sample processing. These advancements are led by the region's emphasis on technological innovation and a commitment to optimizing laboratory workflows with diverse applications, including molecular biology, biochemistry, and clinical diagnostics, aligning with the region's prominent position in scientific research and healthcare. 

Region with highest CAGR:

North America is expected to witness highest CAGR over the projection period. These centrifuges are designed to handle small sample volumes efficiently while incorporating automation for improved precision and workflow optimization. This region is home to some of the major players, including Kubota Corporation, Nicke-Electro Ltd., Axel Global, and Thermo Scientific. In addition, microrefrigerated centrifuges with automation features are integral to research institutions, pharmaceutical companies, and clinical laboratories, which are driving the growth of this region.

Key players in the market

Some of the key players in the Micro Refrigerated Centrifuge Market include Axel Global, Benchmark Scientific, Inc., Eppendorf AG, Esco Scientific, Gyrozen, Hermle Labortechnik GmbH, Hitachi Koki Co., Ltd., Kubota Corporation, lab Force, Nicke-Electro Ltd., Sartorius AG, Scilogex and Thermo Scientific.

Key Developments:

In December 2023, Thermo Fisher Scientific Inc. announced a new partnership to improve the wellbeing and treatment outcomes of adolescents and young persons living with HIV in Nigeria, the country with the second largest HIV epidemic worldwide.

In July 2023, A new benchmark has launched to bring more clarity to the definition of a high-quality carbon credit, which companies are increasingly using to offset their climate impact.

In May 2023, Thermo Fisher, the world leader in serving science, has signed a Memorandum of Understanding (""MOU"") with the National Research and Innovation Agency of Indonesia (BRIN, Badan Riset dan Inovasi Nasional) to enable and enhance the country's national research and innovation infrastructure and capability.

Types Covered:
• Floor-standing
• Desktop

Applications Covered:
• Clinical Laboratories
• Pharmaceuticals
• Agricultural Research
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary           
            
2 Preface           
 2.1 Abstract          
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology          
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions         
            
3 Market Trend Analysis           
 3.1 Introduction          
 3.2 Drivers          
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats          
 3.6 Application Analysis          
 3.7 Emerging Markets          
 3.8 Impact of Covid-19          
            
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry          
            
5 Global Micro Refrigerated Centrifuge Market, By Type           
 5.1 Introduction          
 5.2 Floor-standing          
 5.3 Desktop          
            
6 Global Micro Refrigerated Centrifuge Market, By Application           
 6.1 Introduction          
 6.2 Clinical Laboratories          
 6.3 Pharmaceuticals          
 6.4 Agricultural Research          
 6.5 Other Applications          
            
7 Global Micro Refrigerated Centrifuge Market, By Geography           
 7.1 Introduction          
 7.2 North America          
  7.2.1 US         
  7.2.2 Canada         
  7.2.3 Mexico         
 7.3 Europe          
  7.3.1 Germany         
  7.3.2 UK         
  7.3.3 Italy         
  7.3.4 France         
  7.3.5 Spain         
  7.3.6 Rest of Europe         
 7.4 Asia Pacific          
  7.4.1 Japan         
  7.4.2 China         
  7.4.3 India         
  7.4.4 Australia         
  7.4.5 New Zealand         
  7.4.6 South Korea         
  7.4.7 Rest of Asia Pacific         
 7.5 South America          
  7.5.1 Argentina         
  7.5.2 Brazil         
  7.5.3 Chile         
  7.5.4 Rest of South America         
 7.6 Middle East & Africa          
  7.6.1 Saudi Arabia         
  7.6.2 UAE         
  7.6.3 Qatar         
  7.6.4 South Africa         
  7.6.5 Rest of Middle East & Africa         
            
8 Key Developments           
 8.1 Agreements, Partnerships, Collaborations and Joint Ventures          
 8.2 Acquisitions & Mergers          
 8.3 New Product Launch          
 8.4 Expansions          
 8.5 Other Key Strategies          
            
9 Company Profiling           
 9.1 Axel Global          
 9.2 Benchmark Scientific, Inc.          
 9.3 Eppendorf AG          
 9.4 Esco Scientific          
 9.5 Gyrozen          
 9.6 Hermle Labortechnik GmbH          
 9.7 Hitachi Koki Co., Ltd.          
 9.8 Kubota Corporation          
 9.9 lab Force          
 9.10 Nicke-Electro Ltd.          
 9.11 Sartorius AG          
 9.12 Scilogex          
 9.13 Thermo Scientific          
            
List of Tables            
1 Global Micro Refrigerated Centrifuge Market Outlook, By Region (2021-2030) ($MN)           
2 Global Micro Refrigerated Centrifuge Market Outlook, By Type (2021-2030) ($MN)           
3 Global Micro Refrigerated Centrifuge Market Outlook, By Floor-standing (2021-2030) ($MN)           
4 Global Micro Refrigerated Centrifuge Market Outlook, By Desktop (2021-2030) ($MN)           
5 Global Micro Refrigerated Centrifuge Market Outlook, By Application (2021-2030) ($MN)           
6 Global Micro Refrigerated Centrifuge Market Outlook, By Clinical Laboratories (2021-2030) ($MN)           
7 Global Micro Refrigerated Centrifuge Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
8 Global Micro Refrigerated Centrifuge Market Outlook, By Agricultural Research (2021-2030) ($MN)           
9 Global Micro Refrigerated Centrifuge Market Outlook, By Other Applications (2021-2030) ($MN)           
10 North America Micro Refrigerated Centrifuge Market Outlook, By Country (2021-2030) ($MN)           
11 North America Micro Refrigerated Centrifuge Market Outlook, By Type (2021-2030) ($MN)           
12 North America Micro Refrigerated Centrifuge Market Outlook, By Floor-standing (2021-2030) ($MN)           
13 North America Micro Refrigerated Centrifuge Market Outlook, By Desktop (2021-2030) ($MN)           
14 North America Micro Refrigerated Centrifuge Market Outlook, By Application (2021-2030) ($MN)           
15 North America Micro Refrigerated Centrifuge Market Outlook, By Clinical Laboratories (2021-2030) ($MN)           
16 North America Micro Refrigerated Centrifuge Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
17 North America Micro Refrigerated Centrifuge Market Outlook, By Agricultural Research (2021-2030) ($MN)           
18 North America Micro Refrigerated Centrifuge Market Outlook, By Other Applications (2021-2030) ($MN)           
19 Europe Micro Refrigerated Centrifuge Market Outlook, By Country (2021-2030) ($MN)           
20 Europe Micro Refrigerated Centrifuge Market Outlook, By Type (2021-2030) ($MN)           
21 Europe Micro Refrigerated Centrifuge Market Outlook, By Floor-standing (2021-2030) ($MN)           
22 Europe Micro Refrigerated Centrifuge Market Outlook, By Desktop (2021-2030) ($MN)           
23 Europe Micro Refrigerated Centrifuge Market Outlook, By Application (2021-2030) ($MN)           
24 Europe Micro Refrigerated Centrifuge Market Outlook, By Clinical Laboratories (2021-2030) ($MN)           
25 Europe Micro Refrigerated Centrifuge Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
26 Europe Micro Refrigerated Centrifuge Market Outlook, By Agricultural Research (2021-2030) ($MN)           
27 Europe Micro Refrigerated Centrifuge Market Outlook, By Other Applications (2021-2030) ($MN)           
28 Asia Pacific Micro Refrigerated Centrifuge Market Outlook, By Country (2021-2030) ($MN)           
29 Asia Pacific Micro Refrigerated Centrifuge Market Outlook, By Type (2021-2030) ($MN)           
30 Asia Pacific Micro Refrigerated Centrifuge Market Outlook, By Floor-standing (2021-2030) ($MN)           
31 Asia Pacific Micro Refrigerated Centrifuge Market Outlook, By Desktop (2021-2030) ($MN)           
32 Asia Pacific Micro Refrigerated Centrifuge Market Outlook, By Application (2021-2030) ($MN)           
33 Asia Pacific Micro Refrigerated Centrifuge Market Outlook, By Clinical Laboratories (2021-2030) ($MN)           
34 Asia Pacific Micro Refrigerated Centrifuge Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
35 Asia Pacific Micro Refrigerated Centrifuge Market Outlook, By Agricultural Research (2021-2030) ($MN)           
36 Asia Pacific Micro Refrigerated Centrifuge Market Outlook, By Other Applications (2021-2030) ($MN)           
37 South America Micro Refrigerated Centrifuge Market Outlook, By Country (2021-2030) ($MN)           
38 South America Micro Refrigerated Centrifuge Market Outlook, By Type (2021-2030) ($MN)           
39 South America Micro Refrigerated Centrifuge Market Outlook, By Floor-standing (2021-2030) ($MN)           
40 South America Micro Refrigerated Centrifuge Market Outlook, By Desktop (2021-2030) ($MN)           
41 South America Micro Refrigerated Centrifuge Market Outlook, By Application (2021-2030) ($MN)           
42 South America Micro Refrigerated Centrifuge Market Outlook, By Clinical Laboratories (2021-2030) ($MN)           
43 South America Micro Refrigerated Centrifuge Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
44 South America Micro Refrigerated Centrifuge Market Outlook, By Agricultural Research (2021-2030) ($MN)           
45 South America Micro Refrigerated Centrifuge Market Outlook, By Other Applications (2021-2030) ($MN)           
46 Middle East & Africa Micro Refrigerated Centrifuge Market Outlook, By Country (2021-2030) ($MN)           
47 Middle East & Africa Micro Refrigerated Centrifuge Market Outlook, By Type (2021-2030) ($MN)           
48 Middle East & Africa Micro Refrigerated Centrifuge Market Outlook, By Floor-standing (2021-2030) ($MN)           
49 Middle East & Africa Micro Refrigerated Centrifuge Market Outlook, By Desktop (2021-2030) ($MN)           
50 Middle East & Africa Micro Refrigerated Centrifuge Market Outlook, By Application (2021-2030) ($MN)           
51 Middle East & Africa Micro Refrigerated Centrifuge Market Outlook, By Clinical Laboratories (2021-2030) ($MN)           
52 Middle East & Africa Micro Refrigerated Centrifuge Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
53 Middle East & Africa Micro Refrigerated Centrifuge Market Outlook, By Agricultural Research (2021-2030) ($MN)           
54 Middle East & Africa Micro Refrigerated Centrifuge Market Outlook, By Other Applications (2021-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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