This report aims to provide detailed insights into the global laboratory mixer market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.
Revenue Growth Analysis:
[152 Pages Report] The global laboratory mixer market size is projected to reach USD 2.1 billion by 2025 from USD 1.7 billion in 2020, at a CAGR of 3.7%
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Key Factors Driving Market Growth:
The increasing research activity in the pharmaceutical and biotechnology industries and rising investments in R&D activities are the key factors driving the growth of this market. However, the high cost of advanced laboratory mixers and long equipment lifespan are expected to restrain the growth of this market during the forecast period.
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The lab mixer market includes major Tier I and II suppliers like Thermo Fisher Scientific, Eppendorf, IKA Works, Cole-Parmer, and Avantor, Inc. (VWR). These suppliers have their manufacturing facilities spread across regions such as North America and Europe. COVID-19 has impacted their businesses as well. The lab mixer market is also faced a period of short-term negative growth, which can be attributed to factors such as a decline in the product demand from major end-users, limited operations in most of the industries, inadequate funding to research and academic institutes, temporary closure of major academic institutes, disrupted supply chain, and challenges in providing essential/post sales services due to lockdowns.
The increasing focus on life science research is one of the major factors driving the demand for laboratory shakers. Most life science laboratories have multiple shakers owing to their wide applications in chemistry, biochemistry, molecular biology, analytical chemistry, microbiology, clinical diagnostics, and cell cultures. The most common application of shakers includes small-scale cultivation of cells in R&D and process development.
Digital Devices estimated to be the fastest-growing market
Digital devices are estimated to be the fastest-growing segment in the laboratory mixer market. The growth of this segment can be attributed use electronic sound transmission to operate, which makes it easier to connect these devices to a greater number of external devices. These devices are widely used by large pharmaceutical companies owing to the advantages they offer. Unlike analog devices, digital lab mixers have preprogramming functions.
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Regional Growth Analysis of Laboratory Mixer Market:
North America is estimated to be the largest market due to the increasing demand for biopharmaceuticals and rising R&D expenditure by biopharmaceutical companies. These factors are supporting growth in the field of life science research, which, in turn, has contributed to the adoption of laboratory mixers.
Asia Pacific is estimated to be the fastest-growing market for laboratory mixers during the forecast period. The Asia Pacific market is driven principally rising prevalence of diseases, increasing life science research, and investments by key market players in the growing APAC biomanufacturing sector, the Asia Pacific region is expected to provide significant growth opportunities for laboratory mixing equipment manufacturers.
Key Players:
Thermo Fisher Scientific (US), Eppendorf (Germany), IKA Works (Germany), Cole-Parmer (US), and Avantor, Inc. (VWR) (US) are the key players in the global laboratory mixer market.
Thermo Fisher Scientific is the leading player in the laboratory mixer market. The company offers an extensive product portfolio to academic institutes and laboratory researchers. Thermo Fisher Scientific has a strong geographical presence across the world, which helps it to focus on the sales and distribution of laboratory equipment. In order to maintain its market position and to increase its market share, Thermo Fisher focuses on product commercialization and distribution through a broad network of sales and distribution channels. The company distributes its laboratory mixers, shakers, and other mixing equipment through a direct sales force, customer-service professionals, electronic commerce, third-party distributors, and various catalogs.
