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Health Business news
2017-08-17
Ultracentrifuge Market Size to Reach USD 32.8 Million By 2024: Hexa Research

Ultracentrifuge Market Size to Reach USD 32.8 Million By 2024: Hexa Research



FELTON, California, August 17, 2017 /PRNewswire/ --

The global ultracentrifuge market size estimated to reach USD 32.8 million by 2024 and is expected to be driven by its rising demand for clinical and other research applications. Increasing prevalence of diseases such as HIV and hepatitis has resulted in a growing demand for vaccines, which is expected to bolster growth over the next few years.

The global market is currently influenced by research & development in the fields of pharma, molecular biochemistry, biology and cell biology. The growth of these industries is expected to drive the demand for these products over the next few years.

Technological advancements have resulted in the introduction of various features such as programming, automatic cooling of equipment, variable rotor speed and noise reduction resulting in increasing the demand for ultracentrifuges in numerous applications. However, the high installation cost is expected to hinder the growth of the market.

Of the types of ultracentrifuges manufactured, revenues generated by preparative was highest at USD 17.4 million in 2016. Preparative ultracentrifuges are very popular in molecular biology to separate molecular species by gradient separations.

On the other hand, molecular biology was the largest application segment accounting for 35.9% of the ultracentrifuge market share in 2016. The growth of the molecular biology, primarily to research on the various diseases and industrial enzymes, is expected to propel the growth of the industry subsequently.

Browse full research report with TOC on "Ultracentrifuges Market Size and Forecast, By Product (Analytical, Preparative), By Rotor Type (Fixed Angle, Swinging Bucket Rotor, Vertical Rotor), By Application (Molecular Biology, Biochemistry, Cell Biology, Industrial), And Trend Analysis, 2014 - 2024" at: https://www.hexaresearch.com/research-report/ultracentrifuges-market

North America dominated the global market accounting for 34.8% of the share in 2016. The region is likely to continue its dominance over the next eight years due to an increasing focus on research & development. Rising number of research institutes in the region is expected to propel the growth of the market over the next few years.

The global market is anticipated to grow steadily over the projected period on account of long life spans of this equipment. Beckman Coulter Inc and Hitachi Koki Co Ltd. were the key companies in the market share. Companies have been focusing on innovation for new product development to maximize their presence in the global market. Products that provide maximum accuracy and advanced features such as the use of modern computers and software programming have led to an increase in growth of the market.

Browse reports of similar category by Hexa Research:  Biosimilars Market - Global biosimilars market size was valued at 3.39 billion in 2016 and is expected to grow on account of increasing prevalence of chronic diseases such as cancer and autoimmune disorders.

Glioblastoma Multiforme Market - Global GBM market was estimated to be USD 464.8 million in 2016 and is expected to grow significantly over the forecast period primarily due to the rising ageing population

Tissue Engineering Market - Global tissue engineering market was valued to be around USD 23.2 billion in 2015 and further expected to exceed USD 94.7 billion at a growing of CAGR 23% over the foreseeable period.

Portable X-Ray & CT Scan Devices Market - Rising incidences of accidents which may affect orthopedic, cardiovascular or brain are likely to trigger the market growth for portable X-ray and CT scan devices. Hexa Research has segmented the global ultracentrifuge market based on type, application and region: 

Segmentation by rotor type, 2014 - 2024 (USD Thousand) 

• Fixed Angle

• Swinging Bucket Rotor

• Vertical Rotor

Segmentation by application, 2014 - 2024 (USD Thousand) 

• Molecular Biology

• Biochemistry

• Cell Biology

• Industrial

Segmentation by region, 2014 - 2024 (USD Thousand) 

• North America

    • U.S.

• Europe

    • Germany

• Asia Pacific

    • China

    • India

• Central & South America

    • Brazil

• MEA

Key players analyzed 

• Beckman Coulter Inc.

• Thermo Fisher Scientific Inc.

• Alfa Wassermann Inc.

• Hanil BioMed Inc.

• Hitachi Koki Co., Ltd.

About Hexa Research 

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact:
Michelle T.
Corporate Sales Specialist
Hexa Research
Phone: +1-415-349-0058
Toll Free: 1-800-489-3075
Email: sales@hexaresearch.com Web: https://www.hexaresearch.com/

SOURCE Hexa Research




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Source : PR Newswire

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