USD 2.0 billion
Global Laboratory Mixer Market Size, Share, Growth Analysis, By Type(Vortex mixers, magnetic stirrers), By End user(Pharmaceutical and biotechnology companies, research laboratories) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2203 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
Global Laboratory Mixer Market Insights
Laboratory Mixer Market size was valued at USD 2.0 billion in 2022 and is poised to grow from USD 2.07 billion in 2023 to USD 2.63 billion by 2030, at a CAGR of 3.5% during the forecast period (2023-2030).
The global laboratory mixer market is experiencing steady growth driven by the increasing demand for efficient and reliable mixing solutions in various industries such as pharmaceuticals, biotechnology, chemical, and food and beverage.
Factors such as technological advancements, rising R&D activities, and the need for precise mixing of different substances are fueling the market growth. Additionally, the growing focus on laboratory automation and the adoption of advanced mixing techniques are further contributing to the market expansion. North America and Europe are the key regions in terms of market share, while emerging economies in Asia-Pacific are expected to witness significant growth opportunities in the coming years.
Additionally, technological advancements, such as the integration of advanced control systems and digital displays, are further driving the market growth by improving usability and convenience for users. Overall, the global laboratory mixer market is poised for steady growth, fueled by technological advancements and increasing research and development activities in various industries.
US Laboratory Mixer Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
pharmaceutical and biotechnology companies
Fastest Growth
pharmaceutical and biotechnology companies
Growth Rate
3.5% CAGR
Global Laboratory Mixer Market by region
Country Share for North America (%)
Global Laboratory Mixer Market by end-user
Global Laboratory Mixer Market by end-user
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Global Laboratory Mixer Market Segmental Analysis
The global laboratory mixer market can be analyzed based on type, end user, and region. Firstly, by type, the market can be divided into vortex mixers, magnetic stirrers, overhead mixers, shakers, and others. Based on end-users, the market can be categorized into pharmaceutical and biotechnology companies, research laboratories, academic institutes, and others. The market can be segmented geographically into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Laboratory Mixer Market Analysis By Type
The largest sector in the global laboratory mixer market is likely to be the overhead stirrer’s segment. Overhead stirrers are widely used in various laboratory applications due to their versatility and ability to handle larger volumes. The demand for overhead stirrers is driven by the need for efficient mixing and stirring of diverse samples, ranging from simple solutions to complex suspensions or emulsions.
In terms of the fastest growing sector, the magnetic stirrers segment is expected to witness significant growth. The increasing adoption of automation and digitization in laboratory processes is further propelling the demand for magnetic stirrers with advanced features and connectivity options.
Laboratory Mixer Market Analysis By End User
The largest sector in the global laboratory mixer market is typically the pharmaceutical and biotechnology industry. This sector experiences high demand for laboratory mixers due to the extensive research and development activities, stringent quality requirements, and the need for precise mixing and blending during drug formulation and production.
In recent years, the biotechnology industry has been experiencing significant growth, driven by advancements in genetic engineering, personalized medicine, and regenerative therapies. This growth has led to increased demand for laboratory mixers in biotech companies and research laboratories, making it one of the fastest-growing sectors in the market.
Global Laboratory Mixer Market by end-user, 2023 (%)
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Global Laboratory Mixer Market Regional Insights
North America has a significant market share, driven by the presence of advanced research facilities and biotechnology companies. Europe also holds a substantial share due to the robust pharmaceutical and healthcare sectors.
Asia Pacific is experiencing rapid growth, primarily attributed to the expansion of the biopharmaceutical industry and increasing government initiatives for research and development.
Latin America and the Middle East and Africa are emerging markets with rising demand for laboratory mixers, fueled by the growing focus on healthcare infrastructure development and advancements in scientific research.
Global Laboratory Mixer Market by geography, 2024-2031
- Largest
- Fastest
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Global Laboratory Mixer Market Dynamics
Laboratory Mixer Market Drivers
Demand from Numerous End User Industries
- One driver of the global laboratory mixer market is the increasing demand for efficient and reliable mixing solutions in various industries such as pharmaceuticals, biotechnology, food and beverage, and chemical. Laboratory mixers play a crucial role in the development and production of products in these industries by ensuring uniform mixing, dispersing, and blending of ingredients. With the growing focus on research and development activities and the need for high-quality products, the demand for advanced laboratory mixers is on the rise. Manufacturers are introducing innovative features such as automated controls, user-friendly interfaces, and precise temperature and speed controls to meet the specific requirements of end-users, thereby driving the growth of the market.
Laboratory Mixer Market Restraints
High Cost to Hinder Market Growth
- One restraint faced by the laboratory mixer market is the high cost associated with advanced mixing equipment. High-quality laboratory mixers with advanced features and capabilities can be expensive, especially for small-scale laboratories or research facilities with limited budgets. The cost of procurement, maintenance, and operation of these mixers can pose a significant challenge for end-users. Additionally, the ongoing advancements in technology and the introduction of new and more sophisticated mixer models make it necessary for laboratories to continuously invest in upgrading their equipment to stay competitive. These cost factors can hinder the adoption of laboratory mixers, particularly among small and medium-sized enterprises, thereby restraining the overall market growth.
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Global Laboratory Mixer Market Competitive Landscape
The global laboratory mixer market is highly competitive, characterized by the presence of several key players striving to gain a significant market share. These companies continuously focus on product innovation, research and development activities, strategic partnerships, and mergers and acquisitions to strengthen their market position. The market is also witnessing the emergence of new entrants, intensifying the competition further. Overall, the competitive landscape of the global laboratory mixer market remains dynamic and driven by technological advancements and customer demands.
Laboratory Mixer Market Top Player’s Company Profiles
- IKA Werke GmbH & Co. KG - Germany
- Cole-Parmer Instrument Company LLC - United States
- VWR International LLC - United States
- Bio-Rad Laboratories, Inc. - United States
- Heidolph Instruments GmbH & Co. KG - Germany
- IDEX Health & Science LLC - United States
- Corning Incorporated - United States
- Scientific Industries, Inc. - United States
- Labnet International, Inc. - United States
- Benchmark Scientific Inc. - United States
- Anton Paar GmbH - Austria
- Shanghai Yiheng Scientific Instruments Co., Ltd. - China
- Stuart Equipment Ltd. - United Kingdom
- Jeio Tech Co., Ltd. - South Korea
- Lab Companion Co., Ltd. - South Korea
- IUL Instruments - Spain
- Grant Instruments Ltd. - United Kingdom
Laboratory Mixer Market Recent Developments
- In July 2022, IKA-Werke launched the first convertible mixing device TWISTER, a single-position or multi-position magnetic stirrer.
- In January 2022, INXS 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, announced the acquisition of Shaffer, industrial mixers and process equipment, from Bundy Baking Solutions.
Global Laboratory Mixer Key Market Trends
- One prominent trend is the increasing adoption of automated and programmable laboratory mixers, which offer precise and reproducible mixing processes, enhancing efficiency and reducing human error.
- Another significant trend is the rising demand for multi-functional laboratory mixers that can perform multiple mixing applications, such as vortexing, shaking, and stirring, providing versatility to researchers and scientists. Moreover, there is a growing focus on the development of compact and portable laboratory mixers, catering to the need for space-saving solutions in laboratories.
Global Laboratory Mixer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global laboratory mixer market holds promising prospects as it continues to witness significant growth and advancements in technology. The increasing demand for efficient and reliable laboratory mixing solutions, coupled with the rising emphasis on research and development activities across various industries, is driving market expansion. Laboratory mixers play a crucial role in scientific experiments, sample preparation, and quality control processes, which further boosts their adoption. Moreover, the integration of automation and digitalization in laboratory mixers is enhancing their functionality, precision, and ease of use. This trend is expected to continue, enabling scientists and researchers to streamline their workflows, improve productivity, and achieve accurate results. Additionally, the growing focus on healthcare and life sciences sectors, along with the emergence of new applications such as gene editing and cell culture, presents lucrative opportunities for market players.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.0 billion |
| Market size value in 2031 | USD 2.63 billion |
| Growth Rate | 3.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Laboratory Mixer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Laboratory Mixer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Laboratory Mixer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Laboratory Mixer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Laboratory Mixer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Laboratory Mixer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Laboratory Mixer Market Report Snapshots
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