Magnetic Stirrer Market Size, Share, Trends, Growth, Forecast 2023-2028

According to IMARC Group latest report titled “Magnetic Stirrer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on magnetic stirrer market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global magnetic stirrer market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3% during 2023-2028.

A magnetic stirrer is an instrument designed for mixing liquids to ensure homogeneity. The core principle involves the use of a rotating magnetic field. This field is typically generated by a rotating magnet or multiple stationary electromagnets beneath the device's surface. To create the stirring action, a magnetic stir bar, often coated in Teflon for chemical inertness and ease of cleaning, is placed within the liquid. When the stirrer is activated, the magnetic field causes the stir bar, usually a cylindrical or oval shape, to spin and circulate the liquid efficiently. This method offers several advantages over traditional mechanical stirrers. It reduces the risk of contamination since the vessel can be sealed, it allows for a controlled stirring environment, which is critical for sensitive chemical or biological reactions, and it offers variable speed settings for different stirring needs.    

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Market Trends:

The growing demand in the pharmaceutical and chemical industries and an increasing focus on research and development activities are driving the global market. Moreover, continual technological advancements have led to the development of more efficient and reliable magnetic stirrers, enhancing their functionality and applications. These innovations include features, including digital displays, temperature control, and improved stirring capacity, making them more appealing to laboratories seeking to optimize their operations. Besides, the pharmaceutical industry's expansion, driven by the rising demand for new drugs and treatments, particularly in response to global health challenges, plays a pivotal role in the market's growth. Magnetic stirrers are essential in drug formulation and quality control processes, making them indispensable in pharmaceutical laboratories.

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Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.

·        Corning Incorporated

·        Grant Instruments (Cambridge) Ltd.

·        IKA Works GmbH & Co. KG

·        Scientific Industries, Inc.

·        Thermo Fisher Scientific Inc.

·        Cole-Parmer

·        Azzota Scientific

·        Dynalab Corp.

·        Hanna Instruments

·        Heidolph Instruments GmbH & CO. KG

·        Neu-tec Group Inc.

·        SCILOGEX, LLC

·        Troemner, LLC.

Key Market Segmentation:

Our report has categorized the market based on region, product type, display type and end-user.

Breakup by Product Type:

·        Regular Magnetic Stirrer 

·        Hot-Plate Magnetic Stirrer

·        Multi-Position Magnetic Stirrer

Breakup by Display Type:

·        Digital

·        Analog

Breakup by End-User:

·        Chemical and Pharmaceutical Industry

·        Research Laboratories and Institutes

·        Others

Breakup by Region:

·        North America (United States, Canada)

·        Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

·        Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)

·        Latin America (Brazil, Mexico, Others)

·        Middle East and Africa

Key Highlights of the Report:

·        Market Performance (2017-2022)

·        Market Outlook (2023-2028)

·        Porter’s Five Forces Analysis

·        Market Drivers and Success Factors

·        SWOT Analysis

·        Value Chain

·        Comprehensive Mapping of the Competitive Landscape

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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