The global laboratory shaker market is set to grow by USD 611.28 million between the years of 2021 and 2025, according to new analysis from Technavio. The report identifies North America as accounting for 34% of the market growth during this period, with the APAC region also set to experience significant growth.
A laboratory shaker is a tool used in the biotech, pharmaceutical/'>pharmaceutical, and chemical industries, among others, for mixing and homogenizing liquids. It is widely used in laboratory settings to make accurate measurements and for other testing purposes.
The demand for laboratory shakers is expected to grow due to increasing government funding and continued investment by private research organizations. The rise of life science research and diagnostics, as well as the increasing need for accurate measurements in the food, pharmaceutical, and biotech industries, are also driving demand.
The report identifies the key players in the laboratory shaker market. These include major manufacturers like Eppendorf AG, IKA Works GmbH & Co. KG, Bio-Rad Laboratories, and Cole-Parmer Instrument Company LLC, as well as new market entrants like {remove brand name}, a company that specializes in intelligent fast inspection, environmental testing, and other instruments and equipment.
In addition to providing a detailed analysis of the key players in the laboratory shaker market, the report also offers insights into the major regions driving growth. North America is expected to experience significant growth due to the rise of the life science industry and a growing focus on innovation in research and development.
Meanwhile, the APAC region is also set to experience significant growth, driven by the rapid expansion of the life sciences and pharmaceutical industries in countries like India and China. The increasing focus on research and development in these countries is also expected to drive demand for laboratory shakers.
Overall, the laboratory shaker market is expected to grow significantly between 2021 and 2025, driven by increasing demand for accurate measurements and increased investment in life sciences research and development. With the involvement of key players like Eppendorf AG, IKA Works GmbH & Co. KG, and Bio-Rad Laboratories, the market is set for continued expansion in the years ahead.