The [FURL=https://www.industryarc.com/Report/16818/laboratory-centrifuge-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Laboratory Centrifuge Market[/FURL] is estimated to reach $1.24 billion by 2026 and is poised to grow at a CAGR of 2.3% over the forecast period of 2021-2026. A laboratory centrifuge helps in separating liquid samples at a high rate of speed. A centripetal acceleration induces the centrifuge to separate items and substances based on densities. The speed at which the motor moves of the centrifuge allows the heavier metals to fall out of the vessel. The laboratory centrifuge is excessively used for academic purposes, as it helps them follow procedures of sedimentation and separate the main constituent from the liquid.Key Takeaways
Geographically, North America’s laboratory centrifuge market held a dominant market share. It is owing to the allotment of funds for research and developments along with the presence of major pharmaceutical and biotechnology companies.
The technological advancement to develop efficient centrifuge has been the key market driver. However, the high costs associated with procuring the device will act as a grave market challenge.
A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the laboratory centrifuge market report.
Download Sample Report @ [FURL]www.industryarc.com/pdfdownload.php?id=16818[/FURL]
Laboratory Centrifuge Market Segmentation Analysis - By Geography
The laboratory centrifuge market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant share of 38% as compared to the other regions in the year 2020. It is owing to the predominant manufacturers pertaining to drugs and vaccines physically situated in the following region. Moreover, the government of the following region spends excessively, as, in 2020, the U.S government allocated $2 billion to Pfizer for developing the coronavirus vaccine.
Laboratory Centrifuge Market Drivers
An increase in R&D expenditures will aid the growth of the laboratory centrifuge market
An increase in the cases of non-communicable diseases has acted as a driver for the following market
Laboratory Centrifuge Market Competitive Landscape
The top 10 laboratory centrifuge market companies include Thermo Fisher Scientific Inc., Danaher Corporation, Eppendorf AG, Sigma Laborzentrifugen GmbH, Andreas Hettich GmbH & Co. KG, Kubota Corporation, Koki Holdings Co., Ltd. (Japan) (previously Hitachi Koki Co., Ltd.),QIAGEN N.V., NuAire (US), Sartorius, Becton, Dickinson, and Company
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.