MarketsandMarkets: Laboratory Mixer Market Worth $2.1 Billion by 2025

MarketsandMarkets’ report, “Laboratory Mixer Market by product (Shaker (Rocker, Roller, Orbital Shaker), Magnetic Stirrer, Vortex Mixer, Accessories), Type, End-User (Research Labs, Pharma- Bio-tech, CROs, Food Labs, Environmental Testing) – Global Forecast to 2025,” estimates market size to be $1.7 billion in 2020 and projected to reach $2.1 billion by 2025, at a CAGR of 3.7%.

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 la-boratory mixers and long equipment lifespan are expected to restrain the growth of this market during the forecast period.

The laboratory mixer market includes major Tier I and II suppliers like Thermo Fisher Scientific, Eppendorf, IKA Works, Cole-Parmer, and Avantor, Inc. These suppliers have their manufacturing facilities spread across regions such as North America and Europe.

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.

Wide use of orbital shakers in all basic research activities in labora-tories, academic institutes, and pharmaceutical and biotechnology companies is expected to result in the segment occupying the ma-jority of the laboratory mixers market share.