WILMINGTON, DE / ACCESSWIRE / March 18, 2023 / Transparency Market Research Inc. - The global single-use floor standing centrifuge system market is projected to surpass US$ 143.6 Mn by 2031 and it is projected to grow at a CAGR of 5.7% from 2022 to 2031.
Increase in implementation of strict contamination and safety controls in downstream processing of samples in the biopharmaceutical industry is a key trend expected to bolster the global single-use floor standing centrifuge system market development. Steady adoption of advanced single-use centrifuge system in vaccine production has fueled market growth.
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Cross-contamination of samples in clinical trials is a major concern for biotech companies. Single-use floor standing bio-separation systems have become popular in clinical trials to ensure the integrity of samples and safety in clinical trials. A case in point is rise in usage of the system in advanced biologics, including cell therapies.
Single-use centrifuge systems are versatile equipment since they can be configured to run at different speeds. Moreover, these have low maintenance and cleaning requirements. Surge in demand for automated centrifuge systems in vaccine manufacturing processes is likely to offer substantial business opportunities for companies in the single-use floor standing centrifuge system market.
Single-use Floor Standing Centrifuge System Market: Key Findings of Study
- Rapid Adoption of Single-use Floor Standing Centrifuge System in Clinical Trials: Rise in demand for innovative single-use harvesting solutions in clinical trials offers lucrative opportunities to equipment manufacturers in the single-use floor standing centrifuge system market. The accessories/consumables segment accounted for leading market share in 2022. Increase in usage of rotors and tubes in diagnostic & clinical laboratories is anticipated to propel the segment. Rapid increase in the number of these laboratories in developing countries has bolstered market size.
- Increase in Demand for Single-use Centrifuge Systems in Cell Therapies Application: Cell therapies are used to develop treatments for cardiovascular diseases, neurological disorders, and cancer. Increase in adoption of single-use floor standing centrifuge systems in cell therapy applications is likely to propel the market in the next few years. The cell therapy segment held leading share of the market in 2022. Considerable investment in cell therapies is expected to augment market size.
Single-use Floor Standing Centrifuge System Market: Key Drivers
- Rapidly increasing demand for centrifuge systems in clinical and diagnostic laboratories is expected to drive the single-use floor standing centrifuge system market
- Rise in demand for advanced centrifuge systems for use in clinical trials is likely to bolster market development. Single-use floor standing centrifuge system preserves purity of samples in clinical trials and helps companies comply with good manufacturing practice (GMPA).
- Recent market trends indicate that automation in laboratory centrifuges has positively influenced the single-use floor standing centrifuge system market outlook
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Global Single-use Floor Standing Centrifuge System Market: Regional Growth Dynamics
- North America is anticipated to account for leading market share during the forecast period from 2023 to 2031. Presence of several global biotechnology and life sciences companies is likely to bolster market value in the region. Rise in usage of single-use centrifuge systems in hospitals and significant manufacturing & distribution of single-use centrifuge equipment are expected to propel market development in North America.
- The market in Asia Pacific is lucrative. High demand for single-use floor standing centrifuge system in bioprocessing applications of vaccines and cell & gene therapies is anticipated to propel the market in the region. China, India, and Japan are expected to witness high product adoption. Surge in healthcare spending in the region and rapid expansion of the biotech and pharmaceutical industries are likely to augment the market in Asia Pacific from 2023 to 2031.
Global Single-use Floor Standing Centrifuge System Market: Competition Landscape
Innovative product development, merger & acquisition, and divestiture are some of the key competitive strategies adopted by leading players operating in the single-use floor standing centrifuge system industry.
Prominent companies in the market are Barry-Wehmiller, Alfa Laval, GEA, Thermo Fisher Scientific, and Sartorius AG.
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Single-use Floor Standing Centrifuge System Market Segmentation
Product Type
- Accessories/Consumables
- Equipment
Application
- Cell Therapies
- Gene Therapies
- Vaccines
- Large Molecules
- Cellular Agriculture
- Others
End-user
- Hospitals & Diagnostic Centers
- Pharmaceutical & Biotech Companies
- CROs/CDMOs
- Others (Academic & Research Institutes)
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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