The Korea centrifugation market was valued at $46.1 million in 2023 and is expected to reach $80.6 million by 2033, growing at a CAGR of 5.75% between 2023 and 2033. A centrifuge is a scientific instrument designed to separate fluids, gases, or liquids according to their density. This separation is achieved by rapidly rotating a container containing the material. Centrifuges serve as vital laboratory apparatus for isolating particles from a solution based on their size, shape, density, and viscosity. The efficiency of this separation relies on the rotational speed of the rotor. In contemporary business and scientific settings, laboratory centrifuges are extensively employed tools. They find widespread application in diverse laboratory environments, notably in chemistry, biochemistry, and molecular biology labs.
Market Introduction
As per BIS Research, the Korea centrifugation market includes centrifugation equipment and accessories. Equipment can be of various types, including multipurpose centrifuges, microcentrifuges, ultracentrifuges, and others. The centrifuges can either be floor-standing centrifuges or benchtop centrifuges, depending on the model types and application. The most common applications of centrifuges include clinical, research, biotherapeutic manufacturing, and others. The end users of the Korea centrifugation market are hospitals and blood banks, biotechnology and pharmaceutical companies, academic and research institutes, and others.
Market Segmentation:
Segmentation 1: by Product
• Equipment
o Multipurpose Centrifuges
o Microcentrifuges
o Ultracentrifuges
o Others
• Accessories
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Equipment Segment to Dominate as the Leading Product
Based on product, the Korea centrifugation market was led by the equipment segment, with a 72.65% share in 2022. Centrifuges serve as vital laboratory apparatus for isolating particles from a solution based on their size, shape, density, and viscosity. The efficiency of this separation relies on the rotational speed of the rotor. In contemporary business and scientific settings, laboratory centrifuges are extensively employed tools. They find widespread application in diverse laboratory environments, notably in chemistry, biochemistry, and molecular biology labs.
Segmentation 2: by Model Type
• Benchtop Centrifuges
• Floor-Standing Centrifuges
Floor-Standing Centrifuges to Witness the Highest Growth between 2023 and 2033
Floor-standing centrifuges are tailored for standard laboratory procedures, offering the benefit of optimizing benchtop space across diverse environments. This classification includes low and superspeed centrifuges, ultracentrifuges, and general-purpose centrifuges, along with replacement parts and accessories. Floor-standing centrifuges are purpose-built for the centrifugation of large volumes or achieving extremely high speeds of centrifugation. Engineered to accommodate substantial sample containers, these centrifuges are well-suited for routine clinical diagnostics, clinical laboratories, blood banks, and pharmaceutical laboratories in the business context.
Segmentation 3: by Application
• Clinical
• Research
• Biotherapeutic Manufacturing
• Others
Research to Witness the Highest Growth between 2023 and 2033
Based on application, the Korea centrifugation market was led by research, with a 42% share in 2022. Centrifugation plays a crucial role in the field of life sciences, particularly in biological research. This technique involves the use of centrifugal force to separate particles or components of a sample based on their density, size, and shape. Various types of centrifuges and techniques are employed in life sciences for a wide range of research applications.
Recent Developments in the Korea Centrifugation Market
• In April 2023, Eppendorf, a prominent life science company, unveiled the Centrifuge 5427 R, marking the introduction of Eppendorf's inaugural microcentrifuge equipped with hydrocarbon cooling. This innovation contributes to fostering a more sustainable laboratory environment. Through this advancement, users had the capability to conduct a diverse range of molecular and cell biology applications using a refrigerated device that incorporated a natural cooling agent boasting a nearly zero Global Warming Potential (GWP). The primary goal was to safeguard both samples and the planet.
• In February 2022, Beckman Coulter Life Sciences introduced its most versatile 3-liter benchtop centrifuge to date, the Allegra V-15R refrigerated centrifuge. It featured 10 rotor configurations and 50 programmable runs, along with a comprehensive array of adapters, allowing for a wide range of workflows and applications. These capabilities extended from cell and blood separation to high-throughput screening.
• In March 2020, Eppendorf AG and Koki Holdings Co., Ltd., reached an agreement in which Eppendorf acquired Koki's centrifuge business, encompassing the premium himac brand. A formal agreement was signed by both companies in Tokyo. This acquisition strategically expanded the centrifuge business of Hamburg-based Eppendorf AG, reinforcing its strong market standing as a leading global manufacturer of high-end centrifuges for the pharmaceutical and life science sectors, along with academic and commercial research.
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Product/Innovation Strategy: The Europe ENT devices market has been segmented based on product type and end user. This can help readers get a clear overview of which segments account for the largest share and which ones are well-positioned to grow in the coming years.
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Key Market Players and Competition Synopsis
The companies profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.