Ultracentrifuge Market Size, Share, Growth, and Industry Analysis, By Type (Desktop Centrifuge and Floor Centrifuge), By Application (Medical Institutions, College, Biopharmaceutical and others), Regional Insights, and Forecast To 2031

Updated On: 15 April 2024

Ultracentrifuge Market REPORT OVERVIEW

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The global ultracentrifuge market size was 1391.1 million in 2022 and market is projected to touch USD 3733 million by 2031, exhibiting a CAGR of 11.6% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with ultracentrifuge experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

An ultracentrifuge is a laboratory instrument used to separate and analyze particles in a sample based on their size, shape, density, and molecular weight. It achieves this by subjecting the sample to high centrifugal forces, much greater than what can be achieved with a regular centrifuge.

Ultracentrifuges are capable of generating centrifugal forces in the range of tens of thousands to hundreds of thousands of times the force of gravity. They typically consist of a motorized drive unit, a rotor, and a vacuum system to maintain the necessary conditions for operation. The rotor holds the sample tubes, and as it spins at high speeds, the particles in the sample separate based on their properties.

COVID-19 IMPACT: Shift towards Remote Work and Virtual Conferences Resulted in Decline of the Market

COVID-19 had a life changing impact globally. The ultracentrifuge market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. There was a decrease in demand for ultracentrifuges

The pandemic has accelerated the adoption of remote work and virtual collaborations. This shift has reduced the immediate need for some laboratory equipment, including ultracentrifuges, as researchers have been relying more on data analysis and virtual conferences rather than conducting experiments in physical lab settings. However, this impact may be more temporary in nature as the research community gradually returns to on-site work.

However, the pandemic has driven a significant increase in research related to the SARS-CoV-2 virus, its variants, and COVID-19 treatments. Ultracentrifuges have played a crucial role in these studies, particularly in virus purification and characterization, as well as in the isolation and analysis of viral proteins and nucleic acids. The market is anticipated to boost the ultracentrifuge market share following the pandemic.

LATEST TRENDS

"Automation and User-Friendly Features to Broaden Market Growth"

There is a growing demand for ultracentrifuges that offer automation and user-friendly features. Manufacturers are incorporating advanced software interfaces, touchscreens, and intuitive controls to simplify operation and data analysis. Automation features such as rotor identification, run programming, and data logging enhance the efficiency and convenience of using ultracentrifuges.

Ultracentrifuge manufacturers are developing application-specific models to cater to the diverse needs of researchers. These models may have specialized rotors and features optimized for specific applications such as protein characterization, viral research, or particle analysis. By offering tailored solutions, manufacturers can provide researchers with enhanced capabilities and improved efficiency for their specific research goals. These latest developments are anticipated to boost the ultracentrifuge market share.

Ultracentrifuge Market SEGMENTATION

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• By Type

Based on type, the market is classified into Desktop Centrifuge and Floor Centrifuge.

Desktop centrifuge holds the major share in the global market.

• By Application

Based on application, market is segmented into Medical Institutions, College, Biopharmaceutical and others.

DRIVING FACTORS

"Pharmaceutical and Biotechnology Development to Boost Market Share"

The pharmaceutical and biotechnology industries heavily rely on ultracentrifuges for various applications. Ultracentrifuges are used in drug discovery, formulation development, and quality control processes. They are instrumental in protein purification, determining the molecular weight of biomolecules, characterizing nanoparticles, and studying macromolecular interactions. The growth of these industries fuels the demand for ultracentrifuges. The field of life sciences research, including areas such as molecular biology, biochemistry, and biophysics, continues to advance. Ultracentrifuges play a crucial role in these disciplines by enabling the separation, purification, and analysis of biomolecules, subcellular components, and macromolecular complexes. The demand for ultracentrifuges is driven by the need for advanced tools to facilitate cutting-edge research in these fields.

"Rising Healthcare Expenditure to Boost Market Size"

Increased healthcare expenditure globally, driven by population growth, aging demographics, and the prevalence of chronic diseases, leads to greater investment in biomedical research. Ultracentrifuges are vital instruments in biomedical research, enabling scientists to study disease mechanisms, identify therapeutic targets, and develop diagnostic tools. The rising healthcare expenditure translates into increased funding for research and development, thereby driving the demand for ultracentrifuges. These factors are anticipated to drive the ultracentrifuge market share.

RESTRAINING FACTORS

"Limited Sample Throughput to Hamper Market Share"

Ultracentrifugation can be a time-consuming process, especially for large-scale applications or when dealing with limited sample volumes. The need for long centrifugation times and the limited number of samples that can be processed in a single run may present challenges in terms of throughput and productivity. This limitation may drive the exploration of alternative techniques that offer faster and higher throughput capabilities.

While ultracentrifugation is a widely used technique for particle separation and purification, alternative techniques and technologies have emerged in recent years. Methods such as chromatography, microfluidics, and advanced imaging techniques offer alternative approaches to achieve similar outcomes. The availability and advancements in these alternative techniques provide researchers with options beyond ultracentrifugation, potentially affecting the demand for ultracentrifuges. The factors are anticipated to hinder the growth of the ultracentrifuge market share.

Ultracentrifuge Market REGIONAL INSIGHTS

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"North America Dominates the Market with Established Research Infrastructure"

North America, particularly the United States, has a well-established research infrastructure with numerous prestigious academic institutions, research laboratories, and pharmaceutical and biotechnology companies. These institutions and organizations have a strong focus on scientific research and development, which drives the demand for advanced laboratory equipment, including ultracentrifuges. North America provides various funding opportunities for scientific research through government agencies, private foundations, and academic institutions. These funding sources support research projects across different scientific disciplines, including life sciences. The availability of funding encourages researchers to invest in advanced laboratory equipment such as ultracentrifuges.  Europe is considered the second major shareholder in the ultracentrifuge market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Beckman Coulter [U.S.]
• Thermo Fisher Scientific [U.S.]
• Eppendorf AG [Germany]
• Hettich Instruments [Germany]
• Hunan Xiangyi Laboratory Instrument Development [China]
• KUBOTA [ Japan]
• Haier Biomedical [China]
• Sigma Laborzentrifugen [Germany]
• OHAUS [U.S.]
• BIOBASE [China]
• DLAB Scientific [China]
• Hanil Scientific [ South Korea]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.