According to the report, the Europe Laboratory Centrifuge Market Size is valued at USD 0.42 billion in 2023 and is predicted to reach USD 0.48 billion by 2028, to grow at a CAGR of 2.53% during the forecast period 2023 to 2028.
Increased research activity in life sciences and biotechnology, increased adoption of automated techniques in hematology, and increased private and governmental healthcare investment are the primary reasons driving the growth of the European laboratory centrifuge market. Micro centrifuges, ultracentrifuges, and multi-purpose centrifuges have all been developed to increase demand for centrifuges, providing many potentials for market expansion. Factors driving the market's growth include increasing the prevalence of target diseases among people in the region.
In addition, a rise in the number of research and development activities, ongoing advances in clinical diagnostic techniques, and the introduction of accurate and technologically advanced goods, including companion diagnostics and biochips, are all propelling the market forward. Furthermore, the increased use of centrifugal devices in molecular diagnostics to separate pathogens from blood components and a surge in public-private investments, research funding, and grants to develop innovative laboratory testing have all influenced the development of innovative laboratory testing. In addition, the rising prevalence of numerous infectious diseases due to population growth, environmental changes, and other external factors is pushing healthcare infrastructure construction. In the future, rising demand for lab testing solutions and centrifuges is expected to positively affect the laboratory centrifuge market's demand forecast.
High equipment costs and concerns with long equipment lifespans hinder the market growth. In the forecast period, the possibility of mechanical failure and the discharge of toxic aerosols is expected to pose a challenge to the laboratory centrifuge market. Centrifuges are expensive equipment that cost a lot of money to keep up with daily. The high expense of these instruments is owing to their sophisticated design, rotors, and microprocessors. On the other hand, ultracentrifuges are some of the most expensive machines on the market. The market for laboratory centrifuges is projected to suffer due to this. As a result, market growth is probably to be restricted.
This research report on the Europe Laboratory Centrifuge Market has been segmented and sub-segmented into the following categories
By Rotor Design:
By Intended Use:
By End User:
Geographically, Europe laboratory centrifuge market held the most significant proportion of the worldwide laboratory centrifuge market. Because of the big biopharmaceutical industry and diagnostics laboratories in these areas have a large portion of the market. Furthermore, rapid expansion and an increase in the number of diagnostics labs in these countries will fuel demand for laboratory centrifuges during the forecast period. Significant market expansion is aided by essential market players, increased healthcare research activities, and strong demand for modern centrifuge equipment in the region.
In addition, the presence of a vast number of laboratory centrifuge research facilities in Europe and the entry of new market participants has aided in considerable market expansion in the region. Since the last decade, Germany laboratory centrifuge market has led the world's second-largest laboratory centrifuge industry. The rise of suppliers in Germany is fueled by technological advancements and increased R&D activity in numerous fields of biotechnology and pharmaceuticals.
KEY MARKET PLAYERS
Promising Companies dominating the Europe 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.,
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