Market Size of Laboratory Mixer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Laboratory Mixer Market Analysis
The laboratory mixer market is expected to register a CAGR of 4% during the forecast period.
The laboratory mixers market experienced a significant impact of COVID-19 on market growth due to a decline in product demand from significant end users, limited operation of most industries, insufficient funding for research and academic institutes, temporary closure of major educational institutes, disruption of the supply chain, and difficulties providing essential/postsales services due to lockdowns. This severely impacted the market in the initial phases of the pandemic. However, with resumed services and research, the market has bounced back to pre-pandemic levels of growth.
Laboratory mixers are in high demand due to increasing research activity in the pharmaceutical and biotechnology industries, technological advancements, and the increasing prevalence of diseases. Laboratory mixers are important instruments used in several industries, such as pharmaceutical and biotechnology, for mixing samples in a homogenous way. Benefits associated with laboratory mixers in terms of time, flexibility, efficiency, and safety are contributing to the high demand and adoption in laboratories.
The increasing prevalence of cancer and other chronic diseases is driving the growth of the market. According to the WHO, cancer is the second leading cause of death across the world, and it was responsible for an estimated 10 million deaths in 2020. The same resource stated that about 70% of cancer deaths occur in low- and middle-income countries.
Moreover, the burden of cancer differs by region. The National Cancer Institute reported in January 2021 that almost half of all cancer cases were reported in Asia. Furthermore, in Europe, one-quarter of the population was suffering from cancer and in the Americas, 21% of the population was suffering from cancer. Diseases, such as cancer and cardiovascular diseases, account for the vast majority of health spending. Most pharmaceutical and biotechnology companies have focused on R&D activities for the development of novel therapeutics. Hence, the rising burden of diseases is further boosting the high demand for these laboratory instruments as these are essential equipment used for sample mixing in research laboratories and hospitals.
However, the high cost and long life span associated with a laboratory mixer may hamper the market.
Laboratory Mixer Industry Segmentation
A laboratory mixer consists of blades and a paddle used for vigorously agitating and mixing different samples.
The laboratory mixer market is segmented by product type (shakers, magnetic stirrers, vortex mixers, and accessories), end user (pharmaceutical and biotechnology companies, research laboratories and institutes, and other end users), and geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers the value (USD million) for the above segments.
| By Product Type | |||||
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| Vortex Mixers | |||||
| Magnetic Stirrers | |||||
| Accessories |
| By End User | |
| Pharmaceutical and Biotechnology Companies | |
| Research Laboratories and Institutes | |
| Other End Users |
| Geography | ||||||||
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| Rest of the World |
Laboratory Mixer Market Size Summary
The laboratory mixer market is poised for steady growth, driven by increasing research activities in the pharmaceutical and biotechnology sectors, alongside technological advancements and the rising prevalence of chronic diseases. These mixers play a crucial role in ensuring homogeneous sample mixing, which is vital for research and development in various industries. The demand for laboratory mixers is further bolstered by their benefits in terms of efficiency, flexibility, and safety. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted supply chains and reduced demand, the market has rebounded to pre-pandemic growth levels. The growing burden of diseases such as cancer and cardiovascular conditions is propelling the need for these instruments, as they are essential for developing novel therapeutics.
The market is expected to see significant contributions from developing economies like India, China, Brazil, and Malaysia, where the pharmaceutical and biotechnology industries are expanding rapidly. In particular, India's biotechnology sector is experiencing substantial growth, driven by both domestic and international demand for its products. North America is anticipated to maintain a significant market share due to its robust R&D expenditure and the increasing prevalence of chronic diseases, which necessitate early diagnosis and treatment. The region's focus on biopharmaceuticals and clinical trials further supports the demand for laboratory mixers. The market is moderately competitive, with key players such as IKA-Werke, Eppendorf AG, and Thermo Fisher Scientific leading the way in innovation and product development.
Laboratory Mixer Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Research Activity in the Pharmaceutical and Biotechnology Industries
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1.2.2 Technological Advancements
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1.2.3 Increasing Burden of Diseases
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1.3 Market Restraints
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1.3.1 High Cost of Advanced Laboratory Mixers and Long Equipment Lifespan
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product Type
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2.1.1 Shakers
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2.1.1.1 Orbital Shakers
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2.1.1.2 Rollers/Rotators
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2.1.1.3 Other Product Types
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2.1.2 Vortex Mixers
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2.1.3 Magnetic Stirrers
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2.1.4 Accessories
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2.2 By End User
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2.2.1 Pharmaceutical and Biotechnology Companies
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2.2.2 Research Laboratories and Institutes
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2.2.3 Other End Users
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Rest of the World
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Laboratory Mixer Market Size FAQs
What is the current Laboratory Mixer Market size?
The Laboratory Mixer Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in Laboratory Mixer Market?
Thermo Fisher Scientific, Shuanglong Group Co., Ltd, IKA-Werke, Eppendorf AG and Bio-Rad Laboratories Inc. are the major companies operating in the Laboratory Mixer Market.
