What is Global Vacuum Concentrators Market?
The Global Vacuum Concentrators Market is a vast and dynamic field that encompasses a wide range of products and services. Vacuum concentrators are devices used in the field of life sciences for the concentration of samples by evaporation. They are commonly used in molecular biology, biochemistry, and clinical chemistry to concentrate samples, remove solvents and small molecules, and increase sample volume. The global market for these devices is substantial, with a value of US$ 44 million in 2022. This market is projected to grow significantly, reaching a value of US$ 66 million by 2029. This represents a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2023 to 2029.
Individual Vacuum Concentrators, Integrated Vacuum Concentrators in the Global Vacuum Concentrators Market:
The Global Vacuum Concentrators Market is segmented into two main types: Individual Vacuum Concentrators and Integrated Vacuum Concentrators. Individual Vacuum Concentrators are standalone devices that are used for the concentration of individual samples. They are typically used in laboratories where the volume of samples is relatively low. On the other hand, Integrated Vacuum Concentrators are systems that are integrated with other laboratory equipment, such as centrifuges and evaporators. These systems are used in laboratories where the volume of samples is high and there is a need for high-throughput sample processing. The choice between individual and integrated vacuum concentrators depends on the specific needs and requirements of the laboratory.
Academic and Research, Biotechnology and Pharmaceutical, Hospitals and CDC, Others in the Global Vacuum Concentrators Market:
The Global Vacuum Concentrators Market finds its applications in various sectors including Academic and Research, Biotechnology and Pharmaceutical, Hospitals and CDC, and Others. In the Academic and Research sector, vacuum concentrators are used for the concentration of samples in research studies and experiments. In the Biotechnology and Pharmaceutical sector, they are used in the development and production of drugs and other biotechnology products. In Hospitals and CDC, vacuum concentrators are used for the concentration of samples for diagnostic and therapeutic purposes. In the Other sector, vacuum concentrators are used in various other applications such as food and beverage testing, environmental testing, and forensic testing.
Global Vacuum Concentrators Market Outlook:
The global Vacuum Concentrators market outlook reveals some interesting trends and patterns. The market was valued at US$ 44 million in 2022 and is expected to reach US$ 66 million by 2029, growing at a CAGR of 5.9% during the forecast period 2023-2029. The Asia-Pacific region is the largest consumer region in the global vacuum concentrator market, accounting for about 35% of the market share. This is followed by North America, which accounts for about 33% of the market. The top five manufacturers in the market held a 62% share of the market in terms of Vacuum Concentrators revenue in 2019. This indicates a high level of market concentration, with a few key players dominating the market.
| Report Metric | Details |
| Report Name | Vacuum Concentrators Market |
| Accounted market size in 2022 | US$ 44 in million |
| Forecasted market size in 2029 | US$ 66 million |
| CAGR | 5.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Thermo Fisher Scientific, Labconco, Eppendorf, SP Industries, Inc., Martin Christ, LaboGene, Gyrozen, Beijing Jiaimu, Hunan Herexi, Beijing Boyikang |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
