United States Dominating the Laboratory Centrifuge Market

Global Segmentaion and Growth of Laboratory Centrifuge Market
The Centrifuge market can be divided into five segments. They are refrigerated bench-top, non-refrigerated bench-top, floor models, high-speed and ultra-centrifuges. Globally United States of America has emerged as the largest market for laboratory centrifuges. It is followed by Europe and Asia-Pacific. Laboratory centrifuges market in Europe is all set to do business worth US$318 million by the year 2009. Germany and France jointly occupies 40% of the European market. In Asia-Pacific region specialty centrifuges market has been estimated to have done a business of US$12 million for the year 2007. According to industry estimates, the centrifuge market is expanding at the annual rate of around 5%.
If product wise segmentation is considered then ultracentrifuges market is ranked at the top with sales estimated at US$368 million fo the year 2007. Though traditionally the core market for ultracentrifuges has been strong but in recent times it is seeing some downturns due to sluggishness in research activities.
For the the market segment of non-refrigerated bench-top centrifuges, business worth $96 million has been estimated to be transacted for 2005.

Forecast for the Laboratory Centrifuge Market

• In the coming years it is expected that multifunctional bench top microcentrifuges would grow considerably.
• Asia-Pacific is all set to emerge as the region with the highest growth potential for laboratory centrifuges. This rise is buoyed by China, which is experiencing a considerable demand for ultracentrifuge as well as high-speed refrigerated centrifuge.
• Increasing of research activities into genomics, proteomics and gene therapy would lead to the demand for ultracentrifuges.
• The trend towards smaller and faster bench-top models would continue to be in demand.
• By the year 2010 Laboratory Centrifuges Market would reach $945 million.