The laboratory mixer market is expected to grow from USD 1.1 billion in 2018 to USD 1.4 billion by 2023, at a CAGR of 4.4% during the forecast period. Increasing research activity in the pharmaceutical and biotechnology industries is the major factor driving the growth of this market. However, the high cost of advanced laboratory mixers and long equipment lifespans are expected to restrain the growth of this market during the forecast period.
By product, the magnetic stirrers segment is expected to be the faster growing in the laboratory mixer market during the forecast period.
The magnetic stirrers segment is projected to grow at the highest CAGR between 2018 and 2023. Magnetic stirrers are most commonly used in chemical and biological research laboratories to ensure that liquid samples are homogeneous in consistency and temperature. The growth of this segment can be attributed to the growth in funding for life science research and the increasing number of research laboratories
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By end user, the research laboratories and institutes segment is growing at the highest rate.
The research laboratories and institutes segment is projected to grow at the highest rate in the market, by end user. Life sciences form the largest application of academic research, accounting for more than 56% of all academic R&D funding. The availability of funding for life science research from government and non-profit organizations is expected to drive the demand and adoption of life science instruments and general laboratory equipment, including laboratory mixers and shakers, in research laboratories and institutes.
Recent Developments:
- In 2018, Eppendorf launched two new products, Eppendorf Smart Extender and Innova S44i biological shakers
- In 2017, Cole-Parmer launched Digital Batch Mixer
- In 2017, Avantor acquired VWR Corporation
- Scientific Industries launched Genie Temp-Shakers and Mini Orbital-Genie product lines in 2018 and 2016 respectively
Key questions addressed by the report:
- Who are the major market players in the market?
- What are the regional growth trends and the largest revenue-generating regions for market?
- What are the major drivers and challenges in the laboratory mixer market?
- What are the major product segments in the market?
- What are the major end users for laboratory mixers?
Major laboratory mixer vendors include Thermo Fisher Scientific (US), Eppendorf (Germany), Corning (US), Scientific Industries (US), Bio-Rad Laboratories (US), Cole-Parmer (US), Avantor Performance Materials (US), IKA Works (Germany), Benchmark Scientific (US), REMI Group (India), Sarstedt (Germany), and Silverson Machines (UK).
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