What Is The Current and Historic Market Size Analysis Of The Laboratory Mixer Market?
The laboratory mixer market has seen considerable growth due to a variety of factors.
• The size of the laboratory mixer market has shown robust growth in the past few years. It is expected to increase from $1.8 billion in 2024 to reach $1.96 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.9%.
The significant upturn during the historic period can be traced back to factors such as the burgeoning chemical industry, increase in food and beverage production, introduction of stringent food safety regulations, as well as the rise in biopharmaceutical production and clinical diagnostics.
What Are The Predictions for The Laboratory Mixer Market Size In The Coming Years?
The laboratory mixer market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of laboratory mixers is anticipated to experience robust growth in the coming years. The market is projected to expand to $2.78 billion by 2029, with a compound annual growth rate (CAGR) of 9.1%.
The market growth during the forecast period can be associated with initiatives in green chemistry, fortification of the supply chain, expansion of healthcare diagnosis, global health programs, and the growth of telemedicine. Key trends in the forecast duration include sustainable methods in mixing, incorporation of artificial intelligence (AI) and automation, advanced sensing and control mechanisms, point-of-care diagnostic procedures, and innovation in pharmaceuticals.
Which Drivers Are Accelerating Growth In The Laboratory Mixer Market?
The surge in disease prevalence is fostering the growth of the laboratory mixer market. A rise in diseases prompts an increase in lab diagnostic tests, research, and development activities. The lab mixer, a staple tool in all labs, performs operations such as mixing, dissolving, and emulsifying materials. For instance, the World Health Organization, a UN-specialized agency based in Switzerland, reported in September 2023 that there were 41 million fatalities worldwide, a number that represented 74% of all deaths as a result of non-communicable diseases (NCDs) or chronic conditions. This included 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Therefore, the anticipated increase in disease prevalence is likely to stimulate the laboratory mixer market's expansion in future years.
What Are The Core Segments Of The Global Laboratory Mixer Market?
The laboratory mixer market covered in this report is segmented –
1) By Product: Shakers, Magnetic Stirrers, Vortex Mixers, Conical Mixers, Overhead Stirrers, Accessories
2) By Platform: Digital Devices, Analog Devices
3) By Operability: Gyratory Movement, Linear Movement, Rocking Or Tilting Movement, Orbital Movement
4) By End-User: Research Laboratories And Institutes, Pharmaceutical And Biotechnology Companies, Other End-Users
Subsegments:
1) By Shakers: Orbital Shakers, Rocking Shakers, Incubator Shakers
2) By Magnetic Stirrers: Hot Plate Magnetic Stirrers, Digital Magnetic Stirrers, Multi-Position Magnetic Stirrers
3) By Vortex Mixers: Mini Vortex Mixers, High-Speed Vortex Mixers
4) By Conical Mixers: Powder Mixers, Liquid Mixers
5) By Overhead Stirrers: Single-Speed Overhead Stirrers, Variable-Speed Overhead Stirrers
6) By Accessories: Mixing Barrels, Stirring Rods, Other Mixing Accessories.
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Which Emerging Trends Are Reshaping The Laboratory Mixer Market Size?
Key players in the laboratory mixers market are concentrating on launching adaptable mixing devices to stand out in the competition. Convertible laboratory mixing devices are flexible tools designed for the combination and homogenization of a range of materials in industrial and scientific environments, presenting versatility in mixing tasks. For instance, in June 2022, IKA-Werke GmbH & Co, a laboratory equipment manufacturing firm from Germany, launched its inaugural convertible mixing tool named TWISTER. This device functions as both a single-position and multi-position magnetic stirrer, delivering a wide range of mixing possibilities. Its high-speed vacuum mixing functionality and dust-resistant design offer effective and standardized mixing solutions.
Who Are the Key Players in the Laboratory Mixer Market?
Major companies operating in the laboratory mixer market include:
• Bio-Rad Laboratories Inc.
• Thermo Fisher Scientific Inc.
• Eppendorf AG
• Cole-Parmer Instrument Company LLC
• Silverson Machines Inc.
• Avantor Inc.
• Corning Incorporated
• IKA Works Inc.
• Remi Elektrotechnik Limited
• Heidolph Instruments GmbH & Co. KG
• Labstac Ltd.
• Sainty International Group Co. Ltd.
• Ratek Instruments Pty Ltd.
• Nickel-Electro Ltd.
• Admix Inc.
• VMI Mixing
• Charles Ross & Son Company
• Shakti Pharmatech Pvt. Ltd.
• Buhler Inc.
• GEA Group Aktiengesellschaft
• SPX Flow Inc.
• Philadelphia Mixing Solutions Ltd.
• Sulzer Ltd.
• Chemineer Inc.
• Mixer Direct Inc.
• Hayward Gordon Group
• Sharpe Mixers Inc.
• Komax Systems Inc.
• Mixer Systems Inc.
• Charles Ross and Son Company
What are the Regional Insights into the Laboratory Mixer Market?
North America was the largest region in the laboratory mixer market in 2024. Asia-Pacific is expected to be the fastest region in the laboratory mixer market share during forecast period. The regions covered in the laboratory mixer market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
