Laboratory Mixer Market

Thermo Fisher Scientific (US) and IKA Works (Germany) are Leading Players in the Laboratory Mixer Market

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% during the forecast period. Factors such as rising 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.

Thermo Fisher Scientific (US), Eppendorf (Germany), IKA Works (Germany), Cole-Parmer (US), and Avantor, Inc. (VWR) (US) were the top players in the global laboratory mixers market. The other prominent players operating in this market include Scientific Industries Inc. (US), Benchmark Scientific, Inc. (US), Bio-Rad Laboratories (US), Corning Incorporated (US), Heidolph Instruments GmbH & CO. KG(Germany) , Labstac Ltd. (UK), SaintyCo (China), SARSTEDT AG & Co. KG(Germany), Silverson (US), Remi Group (India), Ratek Instruments (Australia), Phoenix Instrument (US), Ovan (Spain), Nickel-Electro Ltd, Admix, Inc. (UK), VMI (Linxis Group) (The Netherlands), Charles Ross & Son Company (India), Shakti Pharmatech Pvt. Ltd. (India), Hayward Gordon (Canada), and VITL (UK). The analysis of market developments between 2017 and 2020 revealed that several growth strategies such as research collaborations and strategic market expansions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the laboratory mixers market.

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Thermo Fisher Scientific is the leading player in the laboratory mixers market. The company offers an extensive product portfolio to academic institutes and laboratory researchers. Thermo Fisher Scientific has a strong geographical presence across the world, which helps it to focus on the sales and distribution of laboratory equipment. In order to maintain its market position and to increase its market share, Thermo Fisher focuses on product commercialization and distribution through a broad network of sales and distribution channels. The company distributes its laboratory mixers, shakers, and other mixing equipment through a direct sales force, customer-service professionals, electronic commerce, third-party distributors, and various catalogs.

IKA Works is one of the major players operating in the laboratory mixers market. The company offers a wide range of products, which helps it to build a strong position in this market. In order to sustain its position, the company mainly focuses on product launches and strategic expansions. In 2019, IKA Works launched its magnetic stirrer IKA Plate (RCT Digital) and a series of overhead stirrers, namely, MICROSTAR and MINISTAR. In 2016, the company expanded its branches in the UK, Poland, and the US to expand production and better serve its customers. These strategies helped IKA Works in strengthening its laboratory mixers product portfolio and in expanding its revenue & customer base.

Cole-Parmer is established as a major player in the laboratory mixers market. The company has a strong portfolio of laboratory mixing technology products, which helps it to serve a wide range of customers. Cole- Parmer has its core expertise in mixing technologies, and its focus lies in continuous product innovation and technology upgradation. For instance, in 2017, Cole-Parmer launched its digital batch mixer product, which is used in laboratory research. Similarly, the company enhanced its products, StableTemp Stirrers and Stirring Hot Plates, which are specifically used for mixing purposes. With a wide range of products and a strong geographical presence, Cole-Parmer is expected to witness high growth in this market during the forecast period.

Related Reports:

Laboratory Mixer Market by product (Shaker (Rocker, Roller, Orbital Shaker), Magnetic Stirrer, Vortex Mixer, Accessories), Type, End-User (Research Labs, Pharma- Biotech, CROs, Food Labs, Environmental Testing) - Global Forecast to 2025

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Report Code
AST 6804
RI Published ON
10/26/2020
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