The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s laboratory mixer market report forecasts the laboratory mixer market size to grow to $2.22 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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Laboratory Mixer Market Size Forecast
The global laboratory mixer market is expected to grow from $1.53 billion in 2022 to $1.65 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The laboratory mixer market size is expected to grow to $2.22 billion in 2027 at a CAGR of 7.7%.

North America held the largests laboratory mixer market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Laboratory Mixer Market Driver ­– Increase In Prevalence Of Diseases
According to predictions from the London School of Hygiene & Tropical Medicine, in 2020, 1.7 billion people, or 22% of the global population, would have at most one chronic health issue. Therefore, the increasing prevalence of diseases is expected to propel the growth of the laboratory mixer market in the coming years.

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Key Laboratory Mixer Market Trend – Rising Investments In Research And Development Activities
The increasing investment by pharmaceutical companies is boosting the research and development activities on various medicine and vaccines. The research and development activities carried out by pharmaceutical companies generate the need for lab equipment such as test tubes, laboratory mixers, stirrers, shakers, refrigerators, and others. For instance, according to the EvaluatePharma report, global Pharma and Biotech company’s R&D spending was $181.7 billion in 2019 and is expected to reach $213.0 billion by 2024.

Laboratory Mixer Market Segment
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

Laboratory Mixer Market Major Players and Strategies
Major players in the laboratory mixer market are Bio-Rad Laboratories, Thermo Fisher Scientific, Eppendorf, Cole-Parmer, Silverson, Avantor, Corning, IKA Works, Remi Group, Heidolph Instruments, Labstac, SaintyCo, Ratek Instruments, Nickel-Electro, Admix, VMI, Charles Ross & Son Company, and Shakti Pharmatech.

In December 2020, Beijing JWGB Sci. & Tech. Co., Ltd., a China-based premier hi-tech company, acquired Scientific Industries subsidiary Altamira Instruments, Inc. for $440,000 in cash and promissory notes. The sale of Altamira represents another key step forward on the Company’s path to becoming a world-class life sciences tool provider by allowing Beijing JWGB Sci. & Tech. Co., Ltd to continue to focus and invest resources in core businesses and build on the company’s current strong momentum. Altamira Instruments, Inc is a US-based manufacturer of laboratory equipment.

The Laboratory Mixer Global Market Report 2023 covers regional data on laboratory mixer market size, laboratory mixer market trends and drivers, opportunities, strategies, and laboratory mixer market competitor analysis. The countries covered in the laboratory mixer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Laboratory mixers and shakers are instruments that aid in the formation of a homogeneous mixture from one or more ingredients. These are used for mixing substances.

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