Laboratory Mixer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Laboratory Mixer Market Analysis
The laboratory mixer market is expected to register a CAGR of 4% during the forecast period.
The laboratory mixers market experienced a significant impact of COVID-19 on market growth due to a decline in product demand from significant end users, limited operation of most industries, insufficient funding for research and academic institutes, temporary closure of major educational institutes, disruption of the supply chain, and difficulties providing essential/postsales services due to lockdowns. This severely impacted the market in the initial phases of the pandemic. However, with resumed services and research, the market has bounced back to pre-pandemic levels of growth.
Laboratory mixers are in high demand due to increasing research activity in the pharmaceutical and biotechnology industries, technological advancements, and the increasing prevalence of diseases. Laboratory mixers are important instruments used in several industries, such as pharmaceutical and biotechnology, for mixing samples in a homogenous way. Benefits associated with laboratory mixers in terms of time, flexibility, efficiency, and safety are contributing to the high demand and adoption in laboratories.
The increasing prevalence of cancer and other chronic diseases is driving the growth of the market. According to the WHO, cancer is the second leading cause of death across the world, and it was responsible for an estimated 10 million deaths in 2020. The same resource stated that about 70% of cancer deaths occur in low- and middle-income countries.
Moreover, the burden of cancer differs by region. The National Cancer Institute reported in January 2021 that almost half of all cancer cases were reported in Asia. Furthermore, in Europe, one-quarter of the population was suffering from cancer and in the Americas, 21% of the population was suffering from cancer. Diseases, such as cancer and cardiovascular diseases, account for the vast majority of health spending. Most pharmaceutical and biotechnology companies have focused on R&D activities for the development of novel therapeutics. Hence, the rising burden of diseases is further boosting the high demand for these laboratory instruments as these are essential equipment used for sample mixing in research laboratories and hospitals.
However, the high cost and long life span associated with a laboratory mixer may hamper the market.
Laboratory Mixer Market Trends
This section covers the major market trends shaping the Laboratory Mixer Market according to our research experts:
Magnetic Stirrers in Laboratory Mixer Market is Estimated to Witness a Healthy Growth in the Future.
Magnetic stirrers are required in chemical and biological laboratories, pharmaceutical and biotech companies, and academic institutes. The development of new designs provides multiple stirring positions on a single platform, which reduces time and improves work efficiency. Properties such as the minimized risk of contamination and time efficiency have increased demand for the product among scientists worldwide.
Growing pharmaceutical and biotechnology industries in developing economies such as India, China, Brazil, and Malaysia are likely to boost market growth during the forecast period. For instance, as per invest 2022, the Indian biotechnology industry is targeted to reach USD 150 billion by 2025 and USD 300 billion by 2030. Thus, Indian biotechnology is growing and is likely to generate demand for the product, thereby contributing to market growth.
The growth of the Indian biotechnology sector is fuelled by rising demand at domestic and international levels. The rise in domestic demand is fuelled by initiatives such as Aatmanirbhar Bharat and Make In India, while overseas demand for Indian vaccines and biopharmaceuticals is due to the globally competitive efficacy of Indian products. India exports vaccines to over 150 countries and is a leading destination for contract manufacturing and clinical trials.
Furthermore, the advantages associated with magnetic stirrers are driving the market growth. For instance, as per the NLM article published in October 2021, magnetic stirrers are relatively reliable, easy to use, and aid in meeting the required safety standards. They are preferred over gear-driven motorized stirrers as they are more efficient and have no moving external parts that can break or wear out. The demand for dissolving nutrients and solids, growing microorganisms, and preventing suspended matter from settling is increasing for a variety of chemical, pharmaceutical, microbiological, biotechnological, and medical applications. Further, these stirrers are used in dialysis, extraction, oil analysis, soil suspension, organic synthesis, pH measurement, and sample preparation.
Thus, the aforementioned factors are propelling segmental growth.
North America is Expected to Hold a Significant Share in the Market
North America is expected to hold a significant market share in the global laboratory mixer market due to increasing R&D expenditure, rising demand for biopharmaceuticals, growing prevalence of infectious and chronic diseases, and demand for early diagnosis. For instance, in April 2022, the NCSE Statistics, part of the NSF, published the FY 2020 Federally Funded Research and Development Centers (FFRDC) Research and Development Survey Report. In total, the nation's 42 FFRDCs spent USD 23.5 billion on R&D in 2020, an annual 3.4% increase. Thus, increasing R&D expenditure will help facilitate product expansion, which will drive market growth.
The surge in the number of biopharmaceutical-related clinical trials is expected to boost the North American market. According to PhRMA, as of January 2021, nearly 1,750 clinical trials were in progress for the development of vaccines and drugs for the treatment of chronic diseases. Among these, 420 clinical trials are registered in the United States. Thus, the increasing development of biopharmaceuticals is likely to generate demand for the laboratory mixer market.
Additionally, as per CDC data, around 12,151 tuberculosis cases were reported in the United States in 2020. Laboratory mixer is essential in the process of diagnosing diseases, which further promotes the growth of the laboratory mixer market in this region. Thus, all the aforementioned factors contribute to market growth.
Laboratory Mixer Industry Overview
The laboratory mixer market is moderately competitive and consists of several major players. Some of the companies dominating the market are IKA-Werke, Eppendorf AG, Thermo Fisher Scientific, Shuanglong Group Co. Ltd, Bio-Rad Laboratories Inc., REMI GROUP, Benchmark Scientific Inc, Silverson, Cole-Parmer, INXIS Group, and SARSTEDT AG & Co. KG.
Laboratory Mixer Market Leaders
Thermo Fisher Scientific
Shuanglong Group Co., Ltd
IKA-Werke
Eppendorf AG
Bio-Rad Laboratories Inc.
*Disclaimer: Major Players sorted in no particular order
Laboratory Mixer Market News
- July 2022: IKA-Werka launched the first convertible mixing device TWISTER, a single-position or multi-position magnetic stirrer.
- January 2022: INXIS Group, the global leader in ingredient automation, pre-dough systems, mixing and depositing technologies for the food and health industries, together with its financial sponsor IK Partners, are pleased to announce the acquisition of Shaffer, industrial mixers and process equipment, from Bundy Baking Solutions.
Laboratory Mixer Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Research Activity in the Pharmaceutical and Biotechnology Industries
4.2.2 Technological Advancements
4.2.3 Increasing Burden of Diseases
4.3 Market Restraints
4.3.1 High Cost of Advanced Laboratory Mixers and Long Equipment Lifespan
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product Type
5.1.1 Shakers
5.1.1.1 Orbital Shakers
5.1.1.2 Rollers/Rotators
5.1.1.3 Other Product Types
5.1.2 Vortex Mixers
5.1.3 Magnetic Stirrers
5.1.4 Accessories
5.2 By End User
5.2.1 Pharmaceutical and Biotechnology Companies
5.2.2 Research Laboratories and Institutes
5.2.3 Other End Users
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IKA-Werke
6.1.2 Eppendorf
6.1.3 Thermo Fisher Scientific
6.1.4 Shuanglong Group Co. Ltd
6.1.5 Bio-Rad Laboratories Inc.
6.1.6 REMI GROUP
6.1.7 Benchmark Scientific Inc.
6.1.8 Silverson
6.1.9 SARSTEDT AG & Co. KG
6.1.10 Cole-Parmer
6.1.11 Corning Incorporated
6.1.12 Labstac Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Laboratory Mixer Industry Segmentation
A laboratory mixer consists of blades and a paddle used for vigorously agitating and mixing different samples.
The laboratory mixer market is segmented by product type (shakers, magnetic stirrers, vortex mixers, and accessories), end user (pharmaceutical and biotechnology companies, research laboratories and institutes, and other end users), and geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers the value (USD million) for the above segments.
| By Product Type | |||||
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| Vortex Mixers | |||||
| Magnetic Stirrers | |||||
| Accessories |
| By End User | |
| Pharmaceutical and Biotechnology Companies | |
| Research Laboratories and Institutes | |
| Other End Users |
| Geography | ||||||||
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| Rest of the World |
Laboratory Mixer Market Research FAQs
What is the current Laboratory Mixer Market size?
The Laboratory Mixer Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in Laboratory Mixer Market?
Thermo Fisher Scientific, Shuanglong Group Co., Ltd, IKA-Werke, Eppendorf AG and Bio-Rad Laboratories Inc. are the major companies operating in the Laboratory Mixer Market.
Which is the fastest growing region in Laboratory Mixer Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Laboratory Mixer Market?
In 2024, the North America accounts for the largest market share in Laboratory Mixer Market.
What years does this Laboratory Mixer Market cover?
The report covers the Laboratory Mixer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Laboratory Mixer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Laboratory Mixer Industry Report
Statistics for the 2024 Laboratory Mixer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Laboratory Mixer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
