Latest Industry Trends and Revenue Growth Scenario Of Laboratory Mixer Market 2019
The report “Laboratory Mixer Market by product (Shaker (Orbital Shaker, Rocker, Roller), Magnetic Stirrer, Vortex Mixer, Overhead Stirrer, Accessories), by end user (Research Laboratory/Institutes, Pharmaceutical & Biotechnology Companies) – Global Forecast to 2023”, is expected to grow from USD 1.1 billion in 2018 to USD 1.4 billion by 2023, at a CAGR of 4.4% during the forecast period. Increasing R&D in the pharmaceutical and biotechnology sectors is the key factor driving market growth.
The research laboratories and institutes segment is growing at the highest rate.
The research laboratories and institutes segment is projected to grow at the highest rate in the market, by end user. Life sciences form the largest application of academic research, accounting for more than 56% of all academic R&D funding. The availability of funding for life science research from government and non-profit organizations is expected to drive the demand and adoption of life science instruments and general laboratory equipment, including laboratory mixers and shakers, in research laboratories and institutes.
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The shakers segment is expected to account for the largest share of the global laboratory mixers market during 2018.
On the basis of product, the laboratory mixers market is segmented into shakers, magnetic stirrers, vortex mixers, overhead stirrers, and accessories. The shakers segment is expected to grow at the highest CAGR in 2018. The increasing focus on life science research is one of the major factors driving the demand for laboratory shakers. Most life science laboratories often have more than one shaker, owing to its wide applications in the fields of chemistry, biochemistry, molecular biology, analytical chemistry, microbiology, clinical diagnostics, and cell culture.
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The Asia Pacific is projected to account for the highest growth in the laboratory mixers market during the forecast period.
Asia Pacific is estimated to grow at a highest CAGR during the forecast period. The presence of emerging economies such as China and India and increasing R&D investments by pharmaceutical and biotechnology companies in this region are the major factors supporting the growth of the Asia Pacific laboratory mixers market. China is expected to account for the largest share of the Asia Pacific laboratory mixers market in 2018. China’s large share and growth in the Asia Pacific market is attributed to the increasing prevalence of diseases & need for diagnosis and the growth of its geriatric population segment.
The major players in this market include Thermo Fisher Scientific (US), Eppendorf (Germany), Corning (US), Scientific Industries (US), Bio-Rad Laboratories (US), Cole-Parmer (US), Avantor Performance Materials (US), IKA Works (Germany), Benchmark Scientific (US), REMI Group (India), Sarstedt (Germany), and Silverson Machines (UK).
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Know in detail analysis of Laboratory Mixer Market by product (Shaker (Orbital Shaker, Rocker, Roller), Magnetic Stirrer, Vortex Mixer, Overhead Stirrer, Accessories), by end user (Research Laboratory/Institutes, Pharmaceutical & Biotechnology Companies) – Global Forecast to 2023