Standard Centrifuge Tube Market 2022

Industry Size, Emerging Trends, Regions, Growth Insights, Opportunities, and Forecast By 2033

Standard Centrifuge Tube Market by Test Type (Hospitals, Biotechnology Industries, Pharmaceutical Industries, Pathological Laboratories, Academic & Research Institutes, Others), by Application (Conical Base, Round Bottom Base, Flat Bottom Base), and by Region – Global Share and Forecast to 2033

Region: Global | Format: Word, PPT, Excel | Report Status: Published

According to the Market Statsville Group (MSG), the global standard centrifuge tube market size is expected to grow from USD 1,055.89 million in 2022 to USD 1,844.14 million by 2033, growing at a CAGR of 5.2% from 2023 to 2033. Increasing research activities in the healthcare sector, such as pharmaceutical creation, molecular analysis, biology studies, and regular laboratory tests performed in clinics and research institutions, are important contributors to the total value growth of the centrifuge tube market. Additionally, considerable technical improvements to enhance efficiency and decrease costs are expected to drive the centrifuge tube market throughout the forecast period. Moreover, health professional unemployment coexists with considerable unmet health needs in several countries. As a result, a scarcity of trained operators, as well as reimbursement issues, will have a substantial impact on market growth.

Definition of the Global Standard Centrifuge Tube Market

A centrifuge tube is a cylinder-shaped calibrated glass or plastic container. These containers are put in centrifuge slots to examine and separate different materials. Centrifuge tubes are commonly used by lab personnel to evaluate solid-liquid or liquid materials. They are high-strength, precision-made containers that can securely carry a wide range of chemicals. Glass tubes can take most solvents, although they are more costly and prone to breakage. They are sterilized in an autoclave after being cleaned like other lab glassware but must be handled carefully since even the slightest scratches might cause failure during the great rigors of centrifuge spinning. Plastic centrifuge tubes, on the other hand, are less costly and may be just as effective and durable as glass. Plastic is often disposable since it is difficult to clean and sanitize.

COVID-19 Impact on the Global Standard Centrifuge Tube Market

The COVID-19 pandemic is offering immense opportunities for standard centrifuge tubes, following that social distancing is the merely existing solution developed so far, which is proficient in reducing exposure. In line with this, standard centrifuge tubes signify an integral importance for pharmaceutical industry to diagnose patients with advanced imaging technology. Thus, it leads to the substantial demand for standard centrifuge tubes during the pandemic, which has extensively impacted the market. The announcement of national lockdown and temporary closures of various industries impacted the worldwide demand and supply, which in turn, has considerably enhanced the growth of the market in 2020 and the trend is expected to continue in 2021. Ensured business continuity during COVID-19, by effectively allowing remote working and implementing healthier standards to ensure safety of employees at plants and other locations, which continued to remain operational. For such risks, healthcare industries have been focused in a secure, scalable, cloud-native architecture, which is Artificial Intelligence (AI)/Machine Learning (ML)-ready. With analytics deeply woven into the fabric of the business, the credit risk management framework has been created for the post-COVID era. Hence, standard centrifuge tubes is expected to play a vital role amidst the COVID-19 pandemic. Based on these trends, the companies may experience a significant upturn in their sales and revenue. Nevertheless, post-COVID-19, the demand for standard centrifuge tubes will further grow at an unprecedented rate, with gradual expansion in the market value during the forecast period.

Global Standard Centrifuge Tube Market Dynamics

Drivers: Rising prevalence of chronic disease

The adoption of sedentary lifestyles and irregularity in routine healthcare check-ups in emerging and developed countries, resulting an increase in lifestyle related chronic diseases such as obesity, heart disease, cancer, and diabetes. For instance, according to the American Heart Association, the number of deaths occurred due to cardiovascular diseases was 17.6 million in 2016 and is projected to rise to over 23.6 million by 2030. Similarly, the below figure depicts the growth number of diabetes patients across the globe.

Furthermore, the prevalence of cardiovascular diseases has been rapidly growing across the globe that led to heart failure, angina pectoris, systolic hypertension, atherosclerosis, cerebral insufficiency, arrhythmia, and venous insufficiency. Such conditions drive the demand for standard centrifuge tube market. For instance: According to Heart Foundation, Coronary heart disease is the most common type of heart disease in United States accounting for around 1 in 7 deaths. The estimated yearly incidence of heart attack among the individuals of United States accounts for 720,000 new attacks and around 335,000 recurrent attacks which is one of the leading on the global scenario. Also, in every 60 seconds more than 1 individual in United States dies due to a heart disease related event making it a big concern for the government and administration of the country, thereby boosting the market growth.

Restraints: Issues related to reimbursement and a scarcity of trained operators

Funding levels for all health-care services have been falling for some years. Many people have attacked the government and politicians; for example, in the United States, newspapers have published articles accusing hospitals, physicians, and other health-care professionals of "greed." In response, the US government has urged Medicare to keep payments in check in order to maintain the Medicare trust fund budget balanced. As a result, hospital and other healthcare provider payments have declined across the board in the health-care system. The market's expansion is being stifled by the government's lack of reimbursement policies.

Health professionals are critical to extending health-care coverage and achieving the right to the best possible health; their availability, accessibility, acceptance, and quality are all dependent on them. WHO projects that 18 million health workers will be required by 2030, primarily in low- and lower-middle-income countries. In terms of workforce education, employment, deployment, retention, and performance, countries at all stages of socioeconomic development have obstacles. Furthermore, issues in universal access to health professionals may be exacerbated by the public sector's failure to absorb the supply of health workers in some countries due to fiscal constraints. As a result, health professional unemployment coexists with considerable unmet health needs in several countries. As a result, a scarcity of trained operators, as well as reimbursement issues, will have a substantial impact on market growth.

Opportunities: Significant technological advancements to improve efficiency and lower costs

The centrifuge is used to separate target components from diverse mixtures by density. Centrifuges can be found in practically every lab in the medical and biological sciences, and they are an essential part of regular lab activities. Clinical diagnostics, blood component separation, cell and cellular component isolation, parasite detection, and macromolecule purification are all applications for laboratory centrifuges. One of the most significant drawbacks of using centrifuges for separations is the lengthy trial and error process required to find the optimal centrifugation speed and time. This difficulty is exacerbated in many biological applications, where excessive centrifugation can damage cells or sample. The adoption of Smart Tube module to work with a commercial swinging bucket centrifuge.

Further the adoption of remote monitoring to protect the previous samples, will further augment the market growth in the upcoming years. In addition, standing models offer greater sample capacity and can achieve high speeds. Superspeed centrifuges can achieve a maximum g-force (relative centrifugal force, RCF) of over 70,000 x g, and ultracentrifuges often used for DNA or RNA fractionation, can achieve up to 1,000,000 x g. Hence, the significant adoption of technological advancements to improve efficient and lower costs will create a lucrative growth opportunity for the market over the forecast period.

Scope of the Global Standard Centrifuge Tube Market

The study categorizes the standard centrifuge tube market based on test type, and application area at the regional and global levels.

By Test Type Outlook (Sales, USD Million, 2019-2033)

  • Hospitals
  • Biotechnology Industries
  • Pharmaceutical Industries
  • Pathological Laboratories
  • Academic & Research Institutes
  • Others

By Application Outlook (Sales, USD Million, 2019-2033)

  • Conical Base
  • Round Bottom Base
  • Flat Bottom Base

By Region Outlook (Sales, USD Million, 2019-2033)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

Hospital segment accounts for the largest market share by test type

Based on the test type, the market is divided into hospitals, biotechnology industries, pharmaceutical industries, pathological laboratories, academic & research institutes, and others. The hospitals segment is expected to dominate the market share in 2022 in the global standard centrifuge tube market. The rising prevalence of diseases, combined with increased awareness about early diagnosis and treatment, rising demand for blood, the availability of novel and technologically advanced centrifuges for blood separation, and the growing number of hospitals, particularly in emerging markets, are some of the key factors driving the growth of the hospital standard centrifuge tube market.

North America is expected to witness the largest market share by Region

Based on the regions, the global standard centrifuge tube market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. North America is projected to account for the highest market share in 2022. The rising frequency of illnesses, more knowledge about diagnosis and treatment, an increase in the number of hospitals, and current projects will all enhance the market in North America. Leading industry participants from across the world are keeping an eye on the United States, which is the leading country in the North American centrifuge tubes market. Because of its strong biotechnology and pharmaceutical sectors, the United States is anticipated to continue its dominance during the forecast period.

Competitive Landscape: Global Standard Centrifuge Tube Market

The standard centrifuge tube market is a significant competitor, and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.

Major key players in the global standard centrifuge tube market are:

Recent Development

  • In April 2021, Eppendorf introduced a new centrifuge designed to increase efficiency in the laboratory, Centrifuge 5910 Ri. The new centrifuge is the successor to the popular Centrifuge 5910 R, the flagship of Eppendorf multipurpose centrifuge portfolio that has been providing customers worldwide with outstanding versatility and ease of use since its launch in 2018.
  • In August 2019, Thermo Scientific launches the next generation centrifuge series. Thermo Scientific General Purpose Pro Centrifuge Series has been developed to deliver a safe and regulatory-compliant benchtop separation solution to meet an array of application needs, from clinical protocols and cell culture procedures to microplate processing.

Key Issues Addressed

  • What is the market size by various segmentation of the standard centrifuge tube by region and its respective countries?
  • What are the customer buying behavior, key takeaways, and Porter's 5 forces of the standard centrifuge tube market?
  • What are the key opportunities and trends for manufacturers involved in the standard centrifuge tube supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of standard centrifuge tube in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.
What is the growth rate of standard centrifuge tube market? The global standard centrifuge tube market is expected to register a CAGR of 5.2%, during the forecast period (2023 to 2033). Which test type held the highest growing rate in the market of standard centrifuge tube? On the basis of test type, the hospital segment has the highest growing rate during the forecast period (2023-2033). Which region has accounted for the largest standard centrifuge tube market share? In 2022, North America held the largest share in the global standard centrifuge tube market, followed by Europe. Who are the key players in the standard centrifuge tube market? In the global market of standard centrifuge tube manufacturers are Thermo Fisher Scientific, Inc., DWK Life Sciences, Stockwell Scientific, Eppendorf Corporate, Abdos Labtech Private Limited, Greiner Bio-One International GmbH, Thomas Scientific, Daigger Scientific, Medline Industries, Inc., SARSTEDT AG & Co. KG, Avantor, Inc., Labcon North America and Heathrow Scientific.. What are the factors that are driving global market of standard centrifuge tube? Increasing research activities in the healthcare sector, such as pharmaceutical creation, molecular analysis, biology studies, and regular laboratory tests performed in clinics. These are some reasons that thrusting market expansion at a considerable rate.

Frequently Asked Questions

  • Key Issues Addressed
  • What is the market size and growth rate for different segmentations at a global, regional, & country level?
  • What is the customer buying behavior, key takeaways, and Porter's 5 forces of the market?
  • What are the key opportunities and trends for manufacturers involved in the supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of in the market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Who are the leading companies operating in the market? Also, who are the prominent startups that disrupt the market in coming years?
  • PUBLISHED ON: MARCH, 2024
  • BASE YEAR: 2023
  • FORECAST PERIOD: 2024-2033
  • STUDY PERIOD: 2019 - 2033
  • COMPANIES COVERED: 15
  • COUNTRIES COVERED: 24
  • NO OF PAGES: 217

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