Laboratory Mixer Market by End-user and Geography - Forecast and Analysis 2020-2024

The global laboratory mixer market has the potential to grow by USD 281.24 million during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by end-user (pharmaceutical and biotechnology companies, academic and research institutes, and other end-users) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Avantor Inc., Bio-Rad Laboratories Inc., Corning Inc., Eppendorf AG, IKA-Werke GmbH & Co. KG, Joshua Greaves & Sons Ltd., Merck KGaA, REMI Group, Silverson Machines Ltd., and Thermo Fisher Scientific Inc.

Market Overview

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Market Competitive Analysis

The laboratory mixer market is currently fragmented, and the degree of fragmentation will increase during the forecast period. Market vendors are increasingly focusing on continuous innovations and improvisations to develop enhanced products. Avantor Inc., Bio-Rad Laboratories Inc., and Corning Inc. are a few of the major market participants. Although the increasing number of conferences and symposiums will offer immense business opportunities, the high cost of laboratory instruments will challenge the growth of the market participants. To increase their laboratory mixer market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this laboratory mixer market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this laboratory mixer market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading laboratory mixer manufacturers, including:

• Avantor Inc.
• Bio-Rad Laboratories Inc.
• Corning Inc.
• Eppendorf AG
• IKA-Werke GmbH & Co. KG
• Joshua Greaves & Sons Ltd.
• Merck KGaA
• REMI Group
• Silverson Machines Ltd. 
• Thermo Fisher Scientific Inc.

Laboratory Mixer Market: Segmentation by Region

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North America was the largest market for laboratory mixer in 2019, and the region will continue to offer the maximum growth opportunities to market vendors during the forecast period. Recent advances in biotechnology and pharmaceutical research, growing focus on drug and vaccine discovery and development, stringent food and safety norms, and the presence of many vendors are some of the significant factors contributing to the laboratory mixer market growth in this region.

Almost 51% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for laboratory mixer in North America. However, market growth in this region will be slower than the growth of the market in Asia.

Laboratory Mixer Market: Segmentation by End-user

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Laboratory mixers offer several benefits, including faster turnaround time of samples, improved efficiency, and reliable test results. Hence, they are widely used for speeding and optimum homogenizing, mixing, and emulsifying samples in the pharmaceutical and biotechnology industries. The rising demand for pharmaceutical drugs and drug delivery technologies and increased investments in R&D are a few of the factors boosting the demand for laboratory mixers from pharmaceutical and biotechnology companies.

However, market growth by the pharmaceutical and biotechnology companies segment will be slower than the growth of the market in the academic and research institutes segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the laboratory mixer market size.

Laboratory Mixer Market: Key Drivers and Trends

The increasing number of conferences and symposiums is one of the significant factors driving the growth of the laboratory mixer market. Laboratory mixers are widely used in the biotechnology and pharmaceutical industry for the research and development of novel drugs. Several stakeholders, including manufacturers, researchers, and scientists, are undertaking various initiatives to develop advanced laboratory tools and instruments, such as mixers. To promote such laboratory devices, used in various fields ranging from chemistry to biopharmaceuticals, the stakeholders are increasingly organizing conferences and symposiums. These conferences and symposiums help in raising awareness about various laboratory equipment in terms of applications and other aspects. Market vendors also use conferences and symposiums as a platform to launch new products.  

• The increasing customization and development of advanced laboratory mixers has been identified as one of the critical laboratory mixer market trends.
• Market vendors are offering advanced and customized laboratory mixers to cater to various needs of laboratories.
• For instance, the Innova series of New Brunswick Scientific offers intuitive programming, which enables multiple parameter changes, such as temperature, speed, photosynthetic lights, and UV light decontamination.
• Similarly, iEMS Incubator/Shaker offered by Thermofisher, is a high-performance, 96-well plate incubator and orbital shaker used in demanding microplate assays requiring temperatures up to 40 degrees Celsius.
• The development of such advanced laboratory mixers is expected to fuel the growth of the market during the forecast period.
• During 2020-2024, the laboratory mixer market will grow at a CAGR of over 4%.

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Laboratory Mixer Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the growth of the laboratory mixers market during the next five years
• Precise estimation of the global laboratory mixer market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the laboratory mixer industry across Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of laboratory mixer vendors

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