Global Laboratory Mixer Market - 2022-2029

Global Laboratory Mixer Market - 2022-2029
Market Overview

Laboratory Mixer Market size was valued US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

Laboratory mixers are essential tools used in various industries to mix samples uniformly, including biotechnology, food, cosmetics, and pharmaceuticals. Laboratory mixers mix solutions, typically up to 350 liters homogeneously. Depending on the rotor torque and mixer speed, a lab mixer can also mix viscous liquids with viscosities of up to 150,000 cps. Most lab mixers have built-in analog, digital, and RS232 compatibility, making it simple to gather data from the instrument.

Market Dynamics

The increasing investments in the mixer's research and development (R&D) activities are expected to drive market growth.

Beijing JWGB Sci acquired Altamira Instruments, Inc. & Tech. Co., Ltd, a leading high-tech business with headquarters in China, in December 2020 for $440,000 in cash and promissory notes. It is expected that this acquisition will help Beijing JWGB Sci. & Tech. Co. maintain its current strong pace, invest resources in core companies, and grow its clientele. Located in the US, Altamira Instruments, Inc. produces lab supplies.

Moreover, the demand for laboratory mixers is influenced by the increased attention paid to health sciences development. Due to their extensive use in biochemistry, chemistry, analytical chemistry, molecular biology, clinical diagnostics, microbiology, and cell culture, most health science laboratories are extremely volatile. Shakers are most frequently used in process development and R&D for small cell implants. Thus, from the above statements, the market is expected to drive in the forecast period.

Restraint

The high cost of laboratory equipment and lack of skilled professionals to operate mixers are the factors the market is expected to get hampered in the forecast period.

Industry Analysis

The laboratory mixer market provides in-depth analysis of the market based on various industry factors such as supply chain analysis, pricing analysis etc.

COVID-19 Impact Analysis

The COVID-19 pandemic has moderately impacted healthcare systems and the market. Major end-user product demand is declining, most industries are operating at a reduced capacity, research and academic institutions are not receiving adequate funding, major academic institutions are temporarily closing, the supply chain is disrupted, and lockdowns make it difficult to provide post-sale and essential services. These elements have caused end consumers' demand for laboratory mixers to decline. One of the main final users of laboratory equipment is research institutes. Therefore, the market got affected, and it is expected to gain traction quickly with the resumption of economic activities.

Segment Analysis

Magnetic Stirrers segment is expected to hold the largest market share in laboratory mixer market

The magnetic stirrers segment is expected to dominate in 2021. The segment benefits due to an increase in the number of patient populations that are specifically targeted, increase in research funding, and an increase in the number of research laboratories. As this equipment is frequently used in biological laboratories and analytical chemistry labs to create cell culture media, the magnetic stirrer combines solid and liquid materials to create a uniform mixture. Pharmaceutical, biotechnological, and research laboratories use this equipment because of its advantages, reduced risk of contamination, and time efficiency. Thus, from the above statements, the market segment is expected to hold the largest market share in the forecast period.

Geographical Analysis

North America region holds the largest market share in the global laboratory mixer market

In 2021, North America accounted for the highest revenue share. The region benefits from biopharmaceuticals and increasing R&D spending by pharmaceutical and biopharma businesses. Moreover, the market is expanding due to more life science research firms, and the market is also growing due to rising affordability and healthcare spending to upgrade the healthcare system. Thus, from the above statements, the North American region is expected to hold the largest market share in the forecast period.

Competitive Landscape

Major key players in the laboratory mixer market are IKA-Werke, Thermo Fisher Scientific, Bio-Rad Laboratories, Inc., Shuanglong Group Co., Ltd., Cole-Parmer, Avantor, Inc., Benchmark Scientific, Inc., Labstac Ltd., Heidolph Instruments GmbH & CO. KG, Hayward Gordon

Bio-Rad Laboratories, Inc.:

Overview:

Bio-Rad Laboratories, Inc. is an American company that continues to produce innovative and useful products in the healthcare industry that assist life science researchers in accelerating the discovery process, and medical diagnostic labs obtain faster results. Bio-Rad’s life science products include instruments, software, consumables, reagents, and content for cell biology, gene expression, protein purification, protein quantitation, drug discovery and manufacture, food safety, and science education. These products are based on technologies to separate, purify, identify, analyze, and amplify biological materials such as antibodies, proteins, nucleic acids, cells, and bacteria. Moreover, Bio-Rad’s diagnostic products and systems use various technologies and provide clinical information in the blood transfusion, diabetes monitoring, autoimmune, and infectious disease testing markets. These products support diagnosing, monitoring, and treating diseases and other medical conditions.

Product Portfolio:

Vortexer: The BR-2000 vortexer is a general-purpose mixer for your laboratory needs. The three-position switch allows a range of applications, from gentle sample mixing to resuspending cell pellets.

The global laboratory mixer market report would provide an access to an approx. 45+market data table, 40+figures and 170pages.