The global laboratory mixers market size is projected to reach USD 2.1 billion by 2025 from USD 1.7 billion in 2020, at a CAGR of 3.7%
NEW YORK, Nov. 3, 2020 /PRNewswire/ -- The global laboratory mixers market size is projected to reach USD 2.1 billion by 2025 from USD 1.7 billion in 2020, at a CAGR of 3.7%. The growth in the laboratory mixers market is majorly driven by The increasing research activity in the pharmaceutical and biotechnology industries and rising investments in R&D activities are the key factors driving the growth of this market. However, the high cost of advanced laboratory mixers and long equipment lifespan are expected to restrain the growth of this market during the forecast period.
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The laboratory mixers market is also faced a period of short-term negative growth, which can be attributed to factors such as a decline in the product demand from major end-users, limited operations in most of the industries, inadequate funding to research and academic institutes, temporary closure of major academic institutes, disrupted supply chain, and challenges in providing essential/postsales services due to lockdowns.These factors have led to reduced demand for laboratory mixers from end users.
Research institutes are one of the major end users of laboratory instruments. As the pandemic resulted in the temporary closure of several research institutes across the globe, this end-user segment has been affected drastically over the last few months.
Wide use of orbital shakers in all basic research activities in laboratories, academic institutes, and pharmaceutical and biotechnology companies is expected to result in the segment occupying the majority of the laboratory mixers market share
The increasing focus on life science research is one of the major factors driving the demand for laboratory shakers.Most life science laboratories have multiple shakers owing to their wide applications in chemistry, biochemistry, molecular biology, analytical chemistry, microbiology, clinical diagnostics, and cell cultures.
The most common application of shakers includes small-scale cultivation of cells in R&D and process development.
Digital Devices estimated to be the fastest-growing market "
Digital devices are estimated to be the fastest-growing segment in the laboratory mixers market.The growth of this segment can be attributed use electronic sound transmission to operate, which makes it easier to connect these devices to a greater number of external devices.
These devices are widely used by large pharmaceutical companies owing to the advantages they offer. Unlike analog devices, digital lab mixers have preprogramming functions.
The Asia Pacific market to grow at the highest CAGR during the forecast period
The laboratory mixers market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.Asia Pacific is estimated to be the fastest-growing market for laboratory mixers during the forecast period.
The Asia Pacific market is driven principally rising prevalence of diseases, increasing life science research, and investments by key market players in the growing APAC biomanufacturing sector, the Asia Pacific region is expected to provide significant growth opportunities for laboratory mixing equipment manufacturers.
Breakdown of supply-side primary interviews:
• By Company Type: Tier 1: 48%, Tier 2: 36%, and Tier 3: 16%
• By Designation: C-level: 10%, D-level: 14%, and Others: 76%
• By Region: North America: 40%, Europe: 32%, APAC: 20%, Latin America: 5%, and the Middle East & Africa: 3%
The major players operating in the prefilled syringes market are Thermo Fisher Scientific, Eppendorf, IKA Works, Cole-Parmer, and Avantor, Inc. (VWR), Scientific Industries Inc., Benchmark Scientific, Inc., Bio-Rad Laboratories, Corning Incorporated, Heidolph Instruments GmbH & CO. KG, Labstac Ltd., SaintyCo, SARSTEDT AG & Co. KG, Silverson, and Remi Group
Research Coverage
This report studies the laboratory mixers market based on the product, platform, operability, end user, and region.The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth and provides details of the competitive landscape for market leaders.
Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to five major regions (and the respective countries in these regions).
Key Benefits of Buying the Report
This report focuses on various levels of analysis—industry trends, market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the prefilled syringes market, and high-growth regions and their drivers, restraints, opportunities, and challenges. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.
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