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Global Laboratory Mixer Market Projected to Grow at 8.9% CAGR, Reaching $2.74 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Laboratory Mixer Industry Market Size Be by 2025?
Recently, there has been robust growth in the laboratory mixer market size. It is expected to expand from $1.8 billion in 2024 to $1.95 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.1%. This notable growth throughout the historical period is primarily due to factors such as the expansion of the chemical industry, high production in the food and beverage sector, rules and regulations related to food safety, biopharmaceutical production, and clinical diagnostics.
What's the Long-Term Growth Forecast for the Laboratory Mixer Market Size Through 2029?
In the coming years, the laboratory mixer market is predicted to exhibit robust growth. The market's valuation is forecasted to reach $2.74 billion by 2029, with a compound annual growth rate (CAGR) of 8.9%. The projected growth during this period is credited to factors such as green chemistry initiatives, resilience in supply chain, expansion in healthcare diagnostics, global health initiatives, and telemedicine expansion. Top trends anticipated throughout this forecast period include the adoption of sustainable mixing solutions, integration of artificial intelligence (AI) and automation, advanced sensors and controls, point-of-care diagnostics, and innovation in the pharmaceutical industry.
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What Are the Key Growth Drivers Fueling the Laboratory Mixer Market Expansion?
The surge in disease prevalence is boosting the growth of the laboratory mixer market. As the incidence of diseases rises, so does diagnostic testing in labs, as well as research and development efforts. A lab mixer, an essential tool in all labs, performs the functions of mixing, dissolving, and emulsifying materials. For example, in September 2023, the World Health Organization, a Switzerland-based specialized agency of the United Nations, reported that there were 41 million deaths, making up 74% of total deaths, due to non-communicable diseases (NCDs) or chronic conditions worldwide annually. These deaths included 17.9 million from cardiovascular diseases, 9.3 million linked to cancer, 4.1 million related to chronic respiratory diseases, and 2.0 million from diabetes. Consequently, the escalating incidence of diseases is predicted to drive the laboratory mixer market's growth in forthcoming years.
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What Trends Will Shape the Laboratory Mixer Market Through 2029 and Beyond?
Top companies in the laboratory mixers market are concentrating on launching multipurpose mixing devices to secure a competitive advantage. A universal laboratory mixer is a multifunctional instrument typically utilized for merging and standardizing a range of substances in scientific and industrial environments, providing flexibility for different mixing requirements. For example, in June 2022, IKA-Werke GmbH & Co, a chemical lab equipment producer based in Germany, introduced the market's inaugural universal mixing tool christened TWISTER. This device functions as both a solitary and multi-spot magnetic blender, offering a range of blending options. Its high-velocity vacuum blending and dust barring design offer effective and uniform mixing solutions.
How Is the Laboratory Mixer Market Segmented?
The laboratory mixer market covered in this report is segmented -
1) By Product: Shakers, Magnetic Stirrers, Vortex Mixers, Conical Mixers, Overhead Stirrers, Accessories
2) By Platform: Digital Devices, Analog Devices
3) By Operability: Gyratory Movement, Linear Movement, Rocking Or Tilting Movement, Orbital Movement
4) By End-User: Research Laboratories And Institutes, Pharmaceutical And Biotechnology Companies, Other End-Users
Subsegments:
1) By Shakers: Orbital Shakers, Rocking Shakers, Incubator Shakers
2) By Magnetic Stirrers: Hot Plate Magnetic Stirrers, Digital Magnetic Stirrers, Multi-Position Magnetic Stirrers
3) By Vortex Mixers: Mini Vortex Mixers, High-Speed Vortex Mixers
4) By Conical Mixers: Powder Mixers, Liquid Mixers
5) By Overhead Stirrers: Single-Speed Overhead Stirrers, Variable-Speed Overhead Stirrers
6) By Accessories: Mixing Barrels, Stirring Rods, Other Mixing Accessories.
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Which Companies Are Leading the Charge in Laboratory Mixer Market Innovation?
Major companies operating in the laboratory mixer market include Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Eppendorf AG, Cole-Parmer Instrument Company LLC, Silverson Machines Inc., Avantor Inc., Corning Incorporated, IKA Works Inc., Remi Elektrotechnik Limited, Heidolph Instruments GmbH & Co. KG, Labstac Ltd., Sainty International Group Co. Ltd., Ratek Instruments Pty Ltd., Nickel-Electro Ltd., Admix Inc., VMI Mixing, Charles Ross & Son Company, Shakti Pharmatech Pvt. Ltd., Buhler Inc., GEA Group Aktiengesellschaft, SPX Flow Inc., Philadelphia Mixing Solutions Ltd., Sulzer Ltd., Chemineer Inc., Mixer Direct Inc., Hayward Gordon Group, Sharpe Mixers Inc., Komax Systems Inc., Mixer Systems Inc., Charles Ross and Son Company
Which Regions Are Leading the Global Laboratory Mixer Market in Revenue?
North America was the largest region in the laboratory mixer market in 2024. Asia-Pacific is expected to be the fastest region in the laboratory mixer market share during forecast period. The regions covered in the laboratory mixer market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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