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Laboratory Mixers Market by Type (Vortex Mixer, Magnetic Stirrer, Overhead Stirrer, Rocker, Tube Roller, Orbital Shaker), Platform (Digital, Analog), Application (Academic & Research, Pharmaceutical, Diagnostic, Food Testing) - Global Forecast to 2030
Report ID: MRHC - 104863 Pages: 200 Jun-2024 Formats*: PDF Category: Healthcare Delivery: 24 to 72 Hours Download Free Sample ReportThe Laboratory Mixers Market is expected to reach $2.8 billion by 2030 at a CAGR of 4.1% from 2024 to 2030. Laboratory mixers are used in research laboratories to mix different ingredients or components to get a homogeneous mixture. The most common type of laboratory mixers are vortex mixers, magnetic stirrers, and shakers. Laboratory mixers are designed for blending, mixing, kneading, and other applications involving the physical processing of many ingredients or components. Laboratory mixers are used in various applications, including pharmaceuticals, food & beverages, and life sciences labs, among others.
The growth of this market is attributed to several factors, including increasing funding and investment in the pharmaceutical, biotechnology, and life science industries for fostering innovations; funding to support R&D innovation in lab mixers; rising prevalence of chronic diseases emphasizing the need for developing novel therapies; and expansion of diagnostic and pathology laboratories enhancing the clinical capabilities. However, the high cost of digital mixers is restraining the market. Emerging markets and the development of bio clusters for R&D are creating opportunities for key players in the market.
The pharmaceutical industry is growing rapidly across the globe. The pharmaceutical sector has grown exponentially in recent years due to patent expirations, the introduction of new drugs, and increasing access to medicines in remote areas. For instance, in 2021, Pharmaceutical Research and Manufacturers of America (PhRMA) member companies spent USD 102.3 billion in R&D (Source: 2022 PhRMA member annual survey). Laboratory mixers are primarily used in pharmaceuticals for dissolving, mixing, disintegrating, emulsifying, and homogenizing the ingredients. The use of laboratory mixers aids in improving the efficiency of the process. The increasing research and development to innovate new therapies are increasing the demand for laboratory mixers in the pharmaceutical industry.
Increasing funding and investment in the pharmaceutical industry, including biotechnology, medical devices, and diagnostics, is critical for driving innovation, advancing research and development, and improving patient outcomes. This investment comes from various sources, such as governments, associations, and private funding from venture capitalists, which has led to the significant growth of the sector. For instance, in 2022, the investments and funding by venture capitalists in biotech and pharma companies in the U.S. increased to USD 30.7 billion from USD 18.7 billion in 2019 (Source: National Venture Capital Association). The increase in funding and investments drives the growth of the pharmaceutical industry, driving the adoption of laboratory mixers used in pharmaceutical laboratories.
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Increasing Demand for Laboratory Mixers in Emerging Economies is Offering Opportunities for the Market Growth
Developed countries from North America and Europe majorly contribute to the laboratory mixers market. However, low-penetrated emerging economies are expected to offer significant market growth opportunities due to the growth of the pharmaceutical sector, investments and funding to boost R&D in the pharmaceutical industry, development of bioclusters in the countries like India and Singapore, and technological advancements.
Emerging economies such as China, India, and the Association of Southeast Asian Nations (ASEAN) member countries in Asia-pacific, and Brazil and Mexico in Latin America have been major contributors to the growth of the laboratory mixers market during the past few years, mainly due to the rising growth in R&D sector, increasing number of diagnostic & pathology laboratories, and growth in CROs & CDMOs in these countries. The number of CROs is increasing in emerging economies owing to the need for novel drug development for chronic diseases. For instance, in October 2020, PPD (U.S.), a contract research organization, opened a new lab facility in Suzhou, China, to support clinical research studies of China-based pharmaceutical and biotechnology companies.
Also, growth in public & private R&D funding in these countries is expected to further support pharmaceutical & biotechnology research and boost the demand for related products in these countries. According to the Ministry of Finance in China, the government’s spending on science and technology is expected to reach USD 47.55 billion (CNY 328 billion) in 2024, with an increase of 2% from 2022.
Among the Types of Laboratory Mixers, in 2024, the Laboratory Shakers Segment is Expected to Account for the Largest Share of the Market
Based on type, the laboratory mixers market is segmented into vortex mixers, magnetic stirrers, overhead stirrers, shakers, and accessories. In 2024, the shakers segment is expected to account for the largest share of the laboratory mixers market. The shakers segment is divided into orbital, rockers, and tube rollers. Shakers in laboratories are used for mixing, homogenizing, emulsifying, suspending, disintegrating, dispersing, and dissolving samples or ingredients safely, controlled, and in a reliable manner. Unlike other laboratory mixers type, which tends to damage or shred constituents of sample materials, shakers keep sample material intact, improving accuracy, efficiency, and productivity in a laboratory setting, owing to which laboratory shakers are routinely used.
The Digital Devices Segment Is Projected to Register the Highest CAGR During the Forecast Period
Based on platform, the global laboratory mixers market is segmented into digital and analog devices. The digital devices segment is expected to grow at the highest CAGR during the forecast period. The digital display and microprocessor control system enables easy speed and temperature adjustment according to experimental parameters. Digital laboratory mixers are preferred over analog devices owing to their high efficiency, smartness, automation, and fewer occurrences of errors. This makes the research more reproducible and keeps the equipment usage record.
In 2024, the Research Institutes Segment is Expected to Account for the Largest Share of the Market
Based on end user, the global laboratory mixers market is segmented into academic & research institutes, pharmaceutical industries, environmental testing laboratories, food testing laboratories, diagnostic & pathology laboratories, and others. In 2024, the research institutes segment is expected to account for the largest share of the market. The research institutes consist of academic research laboratories and Cros. The laboratory mixers are used for multiple applications, including sample preparation in research institutes. The rising number of research laboratories, increasing investment in R&D, and rising funding for research laboratories drive the market.
The funding for research laboratories is increasing due to the increasing demand for new drugs and therapies and advancements in laboratory equipment. For instance, in U.S. Federal Government, in 2021, had invested USD 179.5 Billion in R&D. (Source: U.S. Government Accountability Office). Additionally, pharmaceutical companies are increasingly partnering with CROs for product development. The expansion of CROs to meet the growing demand for new product development also supports the market's largest share.
Asia-Pacific: Fastest Growing Regional Market
Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The growth of the laboratory mixers market in Asia-Pacific is attributed to the rising number of research laboratories, advancing research framework, growing number of diagnostic laboratories in countries such as China, India, Japan, South Korea, and others, and rising research funding in healthcare and pharmaceutical industry is driving the market.
Key Players
The report offers a competitive landscape based on an extensive assessment of the product portfolio offerings, geographic presences, and key strategic developments adopted by leading market players in the industry over the years. The key players operating in the global laboratory mixers market are Thermo Fisher Scientific Inc. (U.S.), Eppendorf SE (Germany), Bio-Rad Laboratories, Inc. (U.S.), IKA-Werke (Germany), Benchmark Scientific Inc. (U.S.), Cole-Parmer Instrument Company (U.S.), Silverson Machines Ltd. (U.K.), Corning Inc. (U.S.), REMI GROUP (India), Heidolph Instruments GmbH & Co. KG (Germany), Scientific Industries, Inc. (U.S.), and Labstac LLC (U.S.).
Scope of the Report:
Laboratory Mixers Market Assessment, by Type
Laboratory Mixers Market Assessment, by Platform
Laboratory Mixers Market Assessment, by End User
Laboratory Mixers Market Assessment, by Geography
Key questions answered in the report:
The Laboratory Mixers Market encompasses the production, sales, and use of devices designed to blend, mix, knead, and homogenize substances in laboratories. These devices are essential in applications across pharmaceuticals, biotechnology, life sciences, food and beverages, and research labs.
The global Laboratory Mixers Market was valued at around $2.1 billion in recent years and is expected to grow significantly, reaching $2.8 billion by 2030.
The market is projected to grow steadily, with an estimated CAGR of 4.1% from 2024 to 2030.
The Laboratory Mixers Market is expected to reach a market size of $2.8 billion by 2030.
Key players in the global market include Thermo Fisher Scientific Inc. (U.S.), Eppendorf SE (Germany), Bio-Rad Laboratories, Inc. (U.S.), IKA-Werke (Germany), Benchmark Scientific Inc. (U.S.), and others.
Current trends include the increasing adoption of digital laboratory mixers, the growing focus on pharmaceutical R&D, and expanding diagnostic labs. The demand for smart, automated, and efficient mixers is rising.
Key drivers include increased funding for pharmaceutical and life sciences R&D, the rise of chronic diseases requiring novel therapies, and the expansion of diagnostic labs and bio-clusters globally.
The market is segmented by type (vortex mixers, magnetic stirrers, shakers, overhead stirrers, accessories), platform (digital and analog devices), and end users (research institutes, pharmaceutical industries, diagnostic labs, and others).
The global outlook is promising, with significant growth opportunities in emerging markets like China, India, and ASEAN countries due to their expanding pharmaceutical sectors and R&D investments.
The market is expected to grow at a CAGR of 4.1% from 2024 to 2030, reaching $2.8 billion by the end of the forecast period.
The market is projected to grow at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2030.
North America, led by the U.S., holds the highest market share in the Laboratory Mixers Market due to advanced pharmaceutical and biotech sectors, high R&D spending, and well-established diagnostic labs. However, Asia-Pacific is the fastest-growing region.
Published Date: Jul-2024
Published Date: Jan-2024
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