Fri September 16th, 2016
Laboratory Centrifuge Market worth 1.74 Billion USD by 2020
Know more| free 10% customization@ http://tinyurl.com/jtz38m8 Laboratory centrifuge are used for various applications by different end users. A centrifuge is a type of equipment with an inbuilt motor, and is used for spinning the liquid samples at a high speed. This is aimed at separating the various components comprising the liquid. This equipment is widely used in laboratories for various research purposes in the areas of chemistry, biology, and biochemistry. The factors that are driving the growth of the laboratory centrifuges market are increasing prevalence and incidence of diseases, growth in the research activities in the area of life sciences and biotechnology, new product launches, and technological advancements. Owing to these factors, there is a rising demand for laboratory centrifuges such as microcentrifuges, ultracentrifuges, floor-standing centrifuges, and multipurpose centrifuges. On the other hand, low sales of these centrifuges are mainly due to the long equipment lifespans and this is expected to hinder the growth of the market. The laboratory centrifuges market is expected to reach USD 1.74 Billion by 2020 from USD 1.53 Billion in 2015, growing at a CAGR of 2.5% from 2015 to 2020. Based on product type, the market is segmented into equipment and accessories. The equipment market is further segmented into microcentrifuges, multipurpose centrifuges, floor-standing centrifuges, and ultracentrifuges.