Laboratory Shaker Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

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Laboratory Shaker Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

Status : December, 2022 | Medical Devices

Report Digest

Laboratory Shaker Market: Overview

Laboratory (lab) shakers find use in microbiology, chemistry, molecular biology, biochemistry, clinical diagnostics, and environmental and food sciences. They also find prominent use in drug solubility studies. Their use ensures performance, accuracy, and the reproducibility of results. Over the years, temperature-controlled laboratory mixing equipment has gathered traction in the lab shakers market. Key product categories in the lab shakers market are orbital shakers, reciprocating shakers, rotators and temperature-controlled incubator shaker.

In recent years, key revenue generator segment in the lab shaker market is orbital shakers. They are scalable for the sample size and temperature requirement, and with remarkable accuracy and outstanding reproducibility of tests. Marked flexibility and reliability of temperature-controlled incubator shaker is expected to open new demand avenues in the lab shaker market.

Laboratory Shaker Market: Key Trends

The study on the lab shaker market presents a critical evaluation of the emerging technologies and competitive landscape, and the investment trends that shape the demand and uptake trends. The insights presents an assessment of key growth drivers and challenges for stakeholders, with special focus on disruptions caused by the Covid-19 pandemic. It takes a closer look at the industry trends that can change the entry barriers and level of competition in the lab shaker market.

Strides being made in drug making activities and the growing use of lab equipment are key trends bolstering the expansion in the lab shaker market. Moreover, growing use of bacterial and yeast cultures associated with lab procedures in the developing world is a key trend fueling the revenue potential for equipment manufacturers in the lab shakers market. Need for producing repeatable results, chemical extractions in labs have increased substantially, propelling the use of lab results. Growing DNA extractions have boosted the expansion in the lab shaker market. Rise in use of orbital lab shakers in microbiology is spurring substantial prospects.

Laboratory Shaker Market: Competitive Dynamics

The laboratory shaker market is expected to be thronged by a number of players spread across developing and developed world, making the competitive scenario highly fragmented. Top players are leaning on meeting a wide cross-section of demand of end-use applications in the life-sciences industries. They are also focused on offering versatile solutions to consolidate their shares in the lab shaker market. Several manufacturers are unveiling new design features, of which space saving compact designs is crucial. In the coming years, emerging requirements in microbiology will nudge players to ramp up investments in next-gen equipment. Manufacturers in the lab shaker market are increasingly focused on improved precision.

Some of the top players in the lab shaker market are Avantor Inc., Boekel Scientific, Eppendorf AG, Esco Micro Pte. Ltd., PerkinElmer Inc., Corning Inc., Thermo Fisher Scientific Inc., Benchmark Scientific Inc., and Thermo Fisher. A number of prominent players are offerin temperature-controlled equipment.

Laboratory Shaker Market: Regional Assessment

Rising use of cell culture processes in labs has imparted developing and developed regions plethora of opportunities in Asia Pacific, North America, and Europe. Advances in microbiology in the U.S. are spurring revenue generation in North America lab shaker market. Large leaps being made by molecular biology has fuelled the revenue prospects of lab shakers in Asian economies. Rise in drug making activities has spurred revenue streams in Europe, cementing its revenue potential.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?