Korea Centrifugation Market Analysis And Forecasts, 2023-2024 And 2033: Integration Of Artificial Intelligence With Centrifugation Processes Driving Opportunities

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Feb. 13, 2024 (GLOBE NEWSWIRE) -- The "Korea Centrifugation Market - A Country Level Analysis: Focus on Product, Model Type, Application, and End User - Forecast Period, 2023-2033" report has been added to ResearchAndMarkets's offering.
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 this 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

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.
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.

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.

How can this report add value to an organization?

Product/Innovation Strategy: The Korea centrifugation market has been segmented on the basis of various categories, such as product, model type, application, and end user. The product segment has been further sub-segmented into equipment and accessories. Equipment is further sub-segmented into multipurpose centrifuges, microcentrifuges, ultracentrifuges, and others.
Growth/Marketing Strategy: Product launches accounted for the maximum number of key developments, and nearly 90% of the total developments in the Korea centrifugation market were between January 2021 and December 2023.
Competitive Strategy: The Korea centrifugation market is a highly fragmented market, with many smaller and private companies constantly entering the market. Key players in the Korea centrifugation market analyzed and profiled in the study involve established players that offer various kinds of instruments and accessories.

Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
The equipment segment players leading the market captured around 72.65% of the presence in the market as of 2022. The accessories segment accounted for approximately 27.35% of the market presence in 2022.

Key Attributes:

Report Attribute	Details
No. of Pages	73
Forecast Period	2023 - 2033
Estimated Market Value (USD) in 2023	$46.1 Million
Forecasted Market Value (USD) by 2033	$80.6 Million
Compound Annual Growth Rate	5.7%
Regions Covered	South Korea

Key Topics Covered:
Executive Summary
Scope and Definition
1 Markets
1.1 Regulatory Landscape
1.2 Trends: Current and Future Impact Assessment
1.2.1 Korea Centrifugation Market Trend Analysis
1.2.2 Trend 1 - Wide Variety of Centrifuge Types
1.2.3 Trend 2 - Betterment of Healthcare Infrastructure and Laboratories
1.3 Impact of COVID-19 on Korea Centrifugation Market
1.4 Market Dynamics Overview
1.4.1 Market Drivers
1.4.1.1 Upsurge in Healthcare Research and Development Expenditure In turn Increasing the Usage of Centrifuges
1.4.1.2 Increasing Diagnosis of Diseases Leading to Increased Usage of Centrifugation Devices for Diagnosis and Drug Development
1.4.1.3 Adoption of the Latest Technological Advancements in Centrifuges
1.4.2 Market Challenges
1.4.2.1 Large Local Production of Centrifuges Leading to Surpass Usage in the Country
1.4.2.2 Long Lifespan of Centrifuges Leading to Low Purchase Rate of the Equipment
1.4.3 Market Opportunities
1.4.3.1 Integration of Artificial Intelligence with Centrifugation Processes
2 Korea Centrifugation Market by Product
2.1 Market Overview
2.1.1 Analyst View
2.1.2 Growth-Share Matrix
2.2 Product Segmentation
2.2.1 Equipment
2.2.1.1 Multipurpose Centrifuges
2.2.1.2 Microcentrifuges
2.2.1.3 Ultracentrifuges
2.2.1.4 Others
2.2.2 Accessories
3 Korea Centrifugation Market by Model Type
3.1 Market Overview
3.1.1 Analyst View
3.1.2 Growth-Share Matrix
3.2 Model Type Segmentation
3.2.1 Benchtop Centrifuges
3.2.2 Floor-Standing Centrifuges
4 Korea Centrifugation Market by Application
4.2 Market Overview
4.2.1 Analyst View
4.2.2 Growth-Share Matrix
4.3 Application Segmentation
4.3.1 Clinical
4.3.2 Research
4.3.3 Biotherapeutic Manufacturing
4.3.4 Others
5 Korea Centrifugation Market by End User
5.2 Market Overview
5.2.1 Analyst View
5.2.2 Growth-Share Matrix
5.3 End User Segmentation
5.3.1 Hospitals and Blood Banks
5.3.2 Biotechnology and Pharmaceutical Companies
5.3.3 Academic and Research Institutes
5.3.4 Others
6 Markets - Competitive Benchmarking & Company Profiles
6.1 Agilent Technologies, Inc.
6.2 QIAGEN N.V.
6.3 Bio-Rad Laboratories, Inc.
6.4 Thermo Fisher Scientific, Inc.
6.5 Danaher Corporation (Beckman Coulter, Inc.)
6.6 Eppendorf SE
6.7 Corning Incorporated
6.8 Hanil Scientific Inc.
6.9 Daihan Scientific Co., Ltd.
6.1 DLAB Scientific Co., Ltd.
7 Research Methodology

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