Laboratory Centrifuge Market By Knowledge Sourcing Intelligence

The laboratory centrifuge market is estimated to witness a CAGR of 2.03% to reach US$1,383.193 million in 2024 from US$1,226.070 million in 2018. Centrifuges are equipment used for separation of fluid, gas, etc. through the rotation. Rapid growth in the number of diagnostic centers along with the rise in prevalence and incidence of disease and infections are expected to be the key drivers for the laboratory centrifuges market growth. The technological advancements and increase in the research activities in biotechnology and healthcare sector are also anticipated to boost the market growth. Furthermore, rising usage of centrifuges in the chemical, biology and life science industry is projected to fuel the market growth during the forecast period. However long-life span of this equipment is expected to hamper the market growth in the upcoming years.