Latin America Laboratory Centrifuge Market

Latin America Laboratory Centrifuge Market Size & Growth (2023 to 2028):

According to the report, the Latin America Laboratory Centrifuge Market Size is projected to reach USD 0.26 billion by 2028 and is valued at USD 0.23 billion in 2023, to grow at a CAGR of 2.76% during the forecast period 2023 to 2028.

A centrifuge is a device used in laboratories to separate particles from a sample solution based on their shape, size, density, a viscosity of the medium, and rotor speed. Centrifugation involves the separation of solid-liquid and liquid-liquid mixtures. This technique is based on the method of sedimentation of fast-tracked gravitational force accomplished by rapid rotation. Centrifuge instruments are normally used in the separation of cells, proteins, viruses, nucleic acids, and subcellular organelles in research and academic studies.

The most commonly used laboratory centrifuges are floor-standing centrifuges, bench-top centrifuges, micro-centrifuges, ultra-centrifuges, and specialty centrifuges. Scientists and researchers use a centrifuge for various applications such as new molecule development in drug discovery, specimen preparation, and analysis of foreign particles.

Factors such as increasing prevalence and incidence of diseases and rising demand for in vitro diagnostic products for use in diagnosis and treatment of diseases are driving the growth of the market. Additionally, rise in geriatric population, technological advancements, and greater emphasis on the launch of new products by market players are other key factors boosting the market growth. In January 2015, Beckman Coulter Inc. launched Avanti JXN-30. This product was launched under company’s popular Avanti High-performance centrifuges product segment. However, high cost of medical devices and instruments and strict guidelines followed by the regulatory bodies are projected to restrict the growth of the global laboratory centrifuge market.

This research report on the Latin America Laboratory Centrifuge Market has been segmented and sub-segmented into the following categories

By Product:

• Equipment
  • Microcentrifuge
  • Ultracentrifuge
• Accessories

By Rotor Design:

• Swinging Bucket Rotors
• Fixed Angle Rotors
• Vertical Rotors

By Intended Use:

• General-purpose Centrifuges
• Clinical Centrifuges
• Preclinical Centrifuges
• Preparative Ultracentrifuges

By Application:

• Diagnostic
• Microbiology
• Proteomics
• Genomics

By End User:

• Hospital
• Biotech
• Pharmaceutical

By Country:

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

On the basis of Application, the diagnostic, microbiology, and blood component segments are expected to dominate the laboratory centrifuge market.

On the basis of region, the key factor driving growth in this region is its untapped potential. Private players are investing heavily in this region to solidify their market stature. Favorable regimes and government policies are further going to boost the market.

Noteworthy Companies leading the Latin America Laboratory Centrifuge Market Profiled are Thermo Fisher Scientific, Inc., QIAGEN, Becton, Dickinson and Company, Danaher Corporation, Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., INC., Sigma Laborzentrifugen GmbH, Neuation, Hitachi Koki Co., Ltd., and Harvard Bioscience, Inc.