According to the latest research by Future Market Insights, global shipment of Centrifuge Tubes into all end-use category is predicted to expand at a CAGR of around 7% during the forecast period. Since late 2019, Centrifuge Tubes have been shipped in large volume for R&D testing to laboratories across healthcare and research institutes.
Growing research activities in the healthcare sector, such as medication development, molecular analysis, biology studies, and routine laboratory tests, which take place in clinics and research institutes, are vital contributors to the centrifuge tube market’s overall value growth.
Furthermore, significant technological advancements to improve efficiency and lower costs are predicted to boost the market for centrifuge tubes over the forecast period.
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Who are the Key Manufacturers and Suppliers of Centrifuge Tubes?
Some of the prominent players in the Centrifuge Tubes are
- Thermo Fisher Scientific Inc.
- Stockwell Scientific
- Kimble Chase Life Science & Research Products
- Eppendorf AG
- Abdos Labtech Pvt Ltd.
- Greiner Bio One International
- Medline Industries Inc.
- SARSTEDT
- VWR International
- Heathrow Scientific
- Labcon North America
- Daigger Scientific and Thomas Scientific.
These players holds the substantial share of global centrifuge tubes market.
To supplement their product variety and create viable variants, players are turning to mergers and acquisitions and purposeful alliances as inorganic growth options.
Eppendorf AG and Koki Holdings Co., Ltd., for example, have agreed that, Eppendorf acquiring Koki’s centrifuge business, which includes the premium Himac brand. Both corporations signed a comparable agreement in Tokyo.
What is Driving Demand for Centrifuge Tubes?
In 2008, global government health-care spending was assessed at US$ 886.7 per capita, and by 2016, it had risen to US$ 1,437.7 per capita. The United States, Germany, France, and Asian countries are among the top countries in terms of per capita income.
Due to the large number of R&D testing labs, hospitals, academic laboratories, and research institutes with superior state of the art facilities and technology, these countries have a promising demand of centrifuge tubes. Other aspects that may contribute to the market’s growth include globalization, rising chronic disease prevalence, and increased need for disposable tubes in academic research.
At a CAGR of 5%, the global clinical laboratory services market is expected to reach USD 150 billion by 2022. The increased demand for early and accurate illness detection, growing public-private investments, and research funding and grants to create innovative laboratory testing equipment, as well as developments in clinical diagnostic techniques, are all propelling the market forward.
In every academic or scientific institute, centrifuge tube is one of the most crucial devices. They’re utilized to separate biological fluids, cells, and other materials for a range of applications, including diagnosis and treatment. Academic institutions have embraced centrifuge tubes because they are cost effective and less time-consuming & easy cleaning processes
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What are the Key Challenges Faced by Centrifuge Tubes Manufacturers?
Manufacturers of centrifuge tubes confront a number of problems, including:
- Requirement of expensive raw materials
- Complex and time-consuming manufacturing cycle
- Requirement of experienced handling
- Expensive supply chain
Furthermore, due to protracted lockdowns and a scarcity of raw materials and labor, the emergence of coronavirus in 2020 has hindered industrial units, while the financial crisis slowed industry expansion even further.
Despite several challenges, the sector is improving, and new innovations, together with the recovery of end use industries, are projected to support demand growth in the near future.
Key Segments
By Type:
- Non-Sterile
- Sterile
- Heat Sterile
- Gas Sterile
By Base Shape:
- Conical Base
- Round Bottom Base
- Flat Bottom Base
By Cap Type:
- Screw Cap
- Ventilation Cap
By Capacity:
- Micro Centrifuge
- Less than 1 mL
- 1-2 mL
- Standard Centrifuge
- Below 25 mL
- 25-50 mL
- 50-75 mL
- Above 75 mL
By Material:
- Glass
- Plastic Resin
- polypropylene
- polystyrene
- PET (Polyethylene terephthalate)
- Others
By End-use:
- Hospitals
- Biotechnology Industries
- Pharmaceutical Industries
- Pathological Laboratories
- Academic & Research Institutes
- Others
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About Future Market Insights, Inc.
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