Industry Insights
The global ultracentrifuges market size was estimated to be worth USD 27.8 million in 2016. An increasing number of diseases such as cardiovascular disease, diabetes, oncology, HIV/AIDS, multiple sclerosis, and arthritis has resulted in an increased utilization of ultracentrifuge for the development of vaccines, which is expected to provide an opportunity for the growth of the market.
Global ultracentrifuges market revenue, by application, 2014 - 2024 (USD Million)
Increased ease of analysis with modern computers and software development is anticipated to drive the growth of the market of analytical ultracentrifuge. Development of tools such as electron microscope allows researchers to inspect better the particles being centrifuged.
Lower penetration of the product in economies such as India and Brazil is anticipated to provide a lucrative opportunity for the growth of the market. The market in North America and Europe is expected to benefit from the rising private and government initiatives to support innovations in the field of research is likely to enhance next-generation centrifuge market. The rise in diseases coupled with the trend of R & D activities in biotechnology & pharma is expected to contribute to market growth over the forecast period.
The growth of the market is expected to be driven by improvement in the design of ultracentrifuge. The rotor of the system is upgraded to high-speed motors. Materials used for rotors are upgraded from tensile steel to titanium and aluminium alloys to resist high centrifugal forces. Ultracentrifuges are also designed with a vacuum system to reduce friction and to control the temperature of the system.
Segmentation by Product
• Preparative
• Analytical
Preparative ultracentrifuge market is expected to witness the fastest growth at a 2.2% CAGR during the forecast period owing to its rising demand in molecular biology. In molecular biology, the product is suitable for gradient separations where molecular species in the sample are separated according to their densities. Development of the molecular biology sector is expected to provide an impetus for the growth of the industry.
Segmentation by Rotor Type
• Fixed- Angle Rotor
• Swinging Bucket Rotor
• Vertical Rotor
Swinging bucket rotor occupied for 36.1% share of the industry share in 2016. It offers a superior sedimentation location that makes it easy to separate. It is used when samples are to be determined in density gradients. The longer length of the path allows for distinct separation of particles from a mixture.
Fixed angle rotor was valued at USD 11.2 million in 2016 and is expected to witness a gradual increase in the market share over the forecast period. Its characteristic such as adequate and simple tube spacing, fixed-angle rotors can hold a greater quantity of tubes compared to the swinging-bucket rotor, making it more practical for high-quantity applications. This factor would, consecutively, result in higher fixed-angle rotor ultracentrifuge sales worldwide.
Segmentation by Application
• Molecular Biology
• Biochemistry
• Cell Biology
• Industrial
Cell biological applications are expected to grow at a steady rate, with a 2.2% CAGR over the forecast period. Increasing utilization of the science in DNA fingerprinting and the biology field is expected to result in driving the growth.
Biochemistry applications for ultracentrifuge are projected to see steady growth for the forecast period and are estimated to be worth USD 8.8 million by 2024. Separation of subcellular particles in light of increasing prevalence of diseases is expected to boost the market for ultracentrifuges.
Segmentation by Region
• North America
• US
• Europe
• Germany
• Asia-Pacific
• China
• India
• Latin America
• Brazil
• Middle East & Africa
Asia Pacific is likely to exhibit the fastest growth at a CAGR of 2.3% over the next eight years. Increased research and development in the field of molecular biology, polymer science and biochemistry are the driving factors resulting in the growth of the market over the next few years.
North America dominated the global ultracentrifuge market in 2016. Moreover, the rapid technological development taking place in this region along with customer’s shift towards new and developed centrifuge practices is the major factor in driving the growth.
Competitive Landscape
Beckman Coulter Inc and Hitachi Koki Co Ltd. were the key companies in ultracentrifuge dominating the industry. Companies are extensively investing in R&D for innovation and new product development. In addition, companies are adopting the strategy of merger and acquisition to expand their product portfolio.
