Korea Centrifugation Market is Expected to Reach $80.6 Million by 2033: BIS Research

The centrifuge is a scientific device that separates fluids or substances based on density through rapid rotation. In the Korean market, various centrifugation equipment and accessories are available, encompassing multipurpose, micro, and ultracentrifuges, which can be floor-standing or benchtop models. These find widespread application across clinical, research, and biotherapeutic manufacturing sectors, serving diverse end users from hospitals to biotech companies. Noteworthy advancements include Eppendorf's Centrifuge 5427 R, which incorporates hydrocarbon cooling for enhanced sustainability, and Beckman Coulter Life Sciences' Allegra V-15R, a versatile benchtop centrifuge offering multiple rotor configurations and programmable runs to accommodate various workflows and applications. 

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Korea Centrifugation Market Analysis: Drivers, Opportunities, and Challenges 

The demand for centrifuges in Korea is fueled by factors like the escalating incidence of diseases, especially in fields such as virology, and the increasing expenditure on research and development (R&D) within the biotech industry. 

Nonetheless, the market is confronted with challenges such as intense competition and saturation due to the expanding Korean medical devices sector, resulting in a surge of participants in the centrifugation market and the significant maintenance costs associated with centrifuges due to wear and tear from continuous use. 

Despite these hurdles, there are avenues for growth, such as incorporating artificial intelligence (AI) into centrifugation processes. Korea's emphasis on AI advancement in life sciences and healthcare, coupled with strategic initiatives and investments, presents opportunities for streamlining processes and generating automated alerts for maintenance and updates, enhancing the efficiency and advancement of centrifuge operations within the market. 

BIS Research released the Korea Centrifugation Market Report, which covers 2023 to 2033, with a base year of 2022. 2023, the market size was $46.1 million, with a projected value of $80.6 million by 2033. The CAGR during the forecast period is estimated to be 5.75%. The report consists of 73 pages and includes 9 tables and 23 figures, providing comprehensive coverage of the market trends, analysis, and projections for the centrifugation industry in Korea over the specified period. 

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Key Players in the Korea Centrifugation Market 

•   Agilent Technologies, Inc. 

•   Andreas Hettich GmbH & Co. KG 

•   ARI Medical Technology Co., Ltd. 

•   Biolab Scientific 

•   Bioneer Corporation 

•   Bio-Rad Laboratories, Inc. 

•   Corning Incorporated 

•   Daihan Science Co., Ltd. 

•   Danaher Corporation 

•   DLAB Scientific Co., Ltd. 

•   Eppendorf SE 

•   Hanil Scientific Inc. 

•   Korea Process Technology 

•   QIAGEN N.V. 

•   Thermo Fisher Scientific, Inc. 

Korea Centrifugation Market Segments: Overview 

Segmentation 1: by Product 

•   Equipment 

    o   Multipurpose Centrifuges 

    o   Microcentrifuges 

    o   Ultracentrifuges 

    o   Others 

•   Accessories 

Segmentation 2: by Model Type 

•   Benchtop Centrifuges 

•   Floor-Standing Centrifuges 

Segmentation 3: by Application 

•   Clinical 

•   Research 

•   Biotherapeutic Manufacturing 

•   Others 

Table of Contents   

1.1   Trends: Current and Future Impact Assessment  

1.2   Supply Chain Overview  

1.3   Research and Development Review  

1.4   Regulatory Landscape  

1.5   Stakeholder Analysis  

1.7   Market Dynamics Overview  

2.1   Application Segmentation  

2.2   Application Summary 

3.1   Product Segmentation 

3.2   Product Summary 

4.1   Regional Summary 

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Analyst Take on the Korea Centrifugation Market 

BIS principal analyst suggests that product launches and upgrades drove the majority of developments in the Korea centrifugation market, representing nearly 90% of all key advancements from January 2021 to December 2023. Significant players like Thermo Fisher Scientific, Eppendorf SE, Danaher Corporation (D.H. Life Sciences, LLC), and Corning Incorporated lead the market. This report offers valuable insights for companies seeking to enhance their centrifugation products or enter the Korean market. It also benefits those aiming to comprehend Korea's healthcare and biotechnology landscape, including centrifugation usage. 

About BIS Research 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, concentrating on several deep technology verticals.   

Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.    

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