Key Growth Oooprtunities in Pharmaceutical & Biotechnology Companies for Laboratory Mixer Market
The laboratory mixer market is expected to grow $1.4 billion by 2023, at a CAGR of 4.4%
(EMAILWIRE.COM, January 23, 2019 ) The laboratory mixer market is divided into four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2018, North America is expected to account for the largest share of this market, followed by Europe. The large share of this regional segment is attributed to the increasing demand for biopharmaceuticals and rising R&D expenditure by biopharmaceutical companies.
On the other hand, the market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period. The presence of emerging economies such as China and India and the increasing R&D investments by pharmaceutical and biotechnology companies in this region are major factors supporting the growth of the Asian market.
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Major laboratory mixer vendors include Thermo Fisher Scientific (US), Eppendorf (Germany), Corning (US), Scientific Industries (US), Bio-Rad Laboratories (US), Cole-Parmer (US), Avantor Performance Materials (US), IKA Works (Germany), Benchmark Scientific (US), REMI Group (India), Sarstedt (Germany), and Silverson Machines (UK).
IKA Works is one of the major players operating in the laboratory mixer market. The company has a wide range of product offerings. In order to maintain its market position, the company mainly focuses on product launches and expansion. In 2017, the company launched its magnetic stirrer IKA Plate (RCT Digital) and a series of overhead stirrers, MICROSTAR and MINISTAR. In addition to this, in 2016, the company expanded its branches in the UK, Poland, and the US.
Recent Developments:
In 2018, Eppendorf launched two new products, Eppendorf Smart Extender and Innova S44i biological shakers
In 2017, Cole-Parmer launched Digital Batch Mixer
In 2017, Avantor acquired VWR Corporation
Scientific Industries launched Genie Temp-Shakers and Mini Orbital-Genie product lines in 2018 and 2016 respectively
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