Just Available: Magnetic Stirrers Market Size & Share, Growth, Trends, and Forecast 2017 - 2025

The report "Magnetic Stirrers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025", has been prepared based on an in-depth market analysis with inputs from industry experts.

​This exclusive report will provide you with the market size and forecast (US$ Mn) for the global market and its segments for the period from 2015 to 2025 along with the growth rate (CAGR) from 2017 to 2025, considering 2016 as base year. In addition, drivers, restraints and opportunities, competitive landscape have also been covered under the current proposed table of contents, which will in due course help you to take strategic decisions with respect to the market.

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Magnetic stirrers are laboratory equipment used to mix solid and liquid components to form homogenous mixtures using rotating magnetic fields. A magnetic stirrer comprises small magnetic stirrer bar, which is immersed into the solution to be mixed and a rotating magnet attached to the bottom plate. A rotating magnetic field is created by the rotation of the magnet at varying speeds.

The magnetic stirrer bar is usually coated with plastics such as polytetrafluoroethylene (PTFE), which is a chemically inert material. Magnetic Stirrers are extensively used in analytical chemistry labs for mixing chemical components and in biological laboratories to prepare cell culture media. Most of magnetic stirrers are available with hot plates to maintain the required temperature while mixing the solutions. Magnetic stirrers are ideal for the non-viscous solutions for small volumes ranging from 50ml to 5000ml and for the reactions which need to be carried out in a closed vessel or system. Small magnetic bar is inserted into the solution, minimizing the risk of contamination. Magnetic stirring can be advantageous for solutions requiring constant mixing for a longer duration. These stirrers are available with varying rotating speeds, temperature, and number of rotation positions.
The magnetic stirrers are required in chemical & biological laboratories, pharmaceutical and biotech companies, and academic institutes. Growth of the global magnetic stirrers market is primarily driven by increasing number of biological and chemical laboratories and companies across the globe. The development of new designs provides multiple stirring positions on a single platform, which reduces time and improves work efficiency. Properties such as minimized risk of contamination and time efficiency have increased demand for the product among scientists worldwide. Growing pharmaceutical, biotechnology, and polymer industry in developing economies such as India, China, Brazil, and Malaysia, are likely to boost market growth during the forecast period. However, restricted expenditure on R&D and lack of skilled professionals in the underdeveloped countries are likely to restrain the global magnetic stirrers market.

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The global magnetic stirrers market has been broadly segmented based on product type, type of display, number of stirring positions, portability, end-user, and region. In terms of product type, the market has been bifurcated into regular magnetic stirrers and hotplate magnetic stirrers. The regular magnetic stirrer segment accounted for the largest market share in 2016. It is likely to continue to sustain its position till 2025. The hotplate magnetic stirrers segment is projected to expand at the highest CAGR during forecast period. Based on display, the market has been divided into digital and analog display magnetic stirrers. Analog magnetic stirrers were commonly used. However, presently, end-users prefer digital magnetic stirrers. In terms of number of stirring positions, the market ranges from single stirring positions to multiple stirring positions. Based on portability, these equipment are available in bench top models and battery powered portable models. The bench top models segment dominated the market and is likely to account for the largest market share by the end of 2025. In terms of end-user, the magnetic stirrers market has been segmented into chemical and biological research institutes, pharmaceutical, chemical, and biotech companies, and academic institutes.

In terms of region, the global magnetic stirrers market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to account for the largest market share by the end of 2025. Europe is anticipated to be the second largest market for magnetic stirrers. The market in Asia Pacific is anticipated to expand at the highest CAGR during the forecast period. Growth of the market in the region can be attributed to emerging economies such as India, China, and Malaysia, increased R&D budgets, and growing investments by pharmaceutical and chemical companies. The market in Latin America and Middle East & Africa is likely to grow at moderate growth rate during the forecast period.
Key players operating in the global magnetic stirrers market include DWK Life Sciences, Inc., 2mag AG, Scilogex, LLC, Thermo Fisher Scientific, Inc., PAW Bioscience Products, LLC., IKA-Werke GmbH & Co. KG, Thomas Scientific, Inc., Yamato Scientific America, Inc., Torrey Pines Scientific, Inc., and Labnet International, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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