In the past few years, laboratory rockers and shakers have been used widely with uniform construction to meet the rigorous laboratory requirements. The use of laboratory rockers and shakers in laboratories for cell culture, DNA extraction, low foaming agitation, mixing reagents, and staining gels and blots is one of the major factors driving the growth of laboratory rockers and shakers market.
The increased level of automation and improved energy efficiency are also supporting the rapid demand for laboratory rockers and shakers, which in turn is fuelling the growth of the laboratory rockers and shakers market. Laboratory rockers and shakers are ubiquitously used in small, large, academic, clinical, and biotechnology facilities, medical testing labs, and private & university research labs. Therefore, the laboratory rockers and shakers market is projected to witness robust growth across the globe during the forecast period.
Laboratory rockers and shakers are portable laboratory equipment with applications in cell culture, DNA extraction, low foaming agitation, mixing reagents, staining gels and blots. Laboratory rockers and shakers are available with either an orbital action where the platform moves in a circular orbit or a reciprocating linear movement where the platform moves back and forth horizontally.
Furthermore, laboratory rockers and shakers market has witnessed considerable traction in the past few years, in terms of value. In addition to this, due to the increasing adoption of laboratory rockers and shakers from approximately every industry vertical, especially across regions where an increasing establishments of laboratories is witnessed, the laboratory rockers and shakers market is expected to exhibit a single digit growth rate during the forecast period.
Drivers
The growing healthcare industry coupled with rising collaborations in the pharmaceutical industry is the primary factor driving the growth of the laboratory rockers and shakers market. Moreover, significant investment in research and development sector of various industries is driving the growth of the laboratory rockers and shakers market. Also, the growing demand for laboratory testing services and increasing demand for laboratory products are also creating potential growth opportunities for laboratory rockers and shakers market.
Apart from this, the rising focus on automation and improvements in energy efficiency in the majority of lab processes and equipment is also fuelling the growth of the laboratory rockers and shakers market. Moreover, the technological advancements in the laboratory process have also led to the increasing adoption of laboratory rockers and shakers and thus, the laboratory rockers and shakers market is expected to witness a high growth rate during the forecast period.
Challenges
On the other hand, factors such as capital investment and utilization of advanced technologies in the development of new laboratory technologies, may pose a challenge to the laboratory rockers and shakers market.
Other challenges in the laboratory rockers and shakers market such as worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors hindering the growth of the laboratory rockers and shakers market. Furthermore, competition from local players in developing nations is disrupting the growth of the laboratory rockers and shakers market.
Key Players
The prominent players in the global laboratory rockers and shakers are Avantor, Boekel Scientific, Corning, Eppendorf, IKA, Next Advance, Inc., Labnet International, Inc., Lab Depot Inc., and Thermo Fisher Scientific.
On the basis of geography, North America is expected to capture the largest market share in terms of revenue in the laboratory rockers and shakers market, owing to the rise in adoption of laboratory rockers and shakers in various clinical applications and the presence of various manufacturers of laboratory rockers and shakers in the region.
The Asia Pacific and Europe are also expected to capture a substantial market share in the global laboratory rockers and shakers market, owing to the presence of many testing laboratories, research facilities, sub-contract laboratories, and pharmaceutical companies in various countries of the region.
The Asia Pacific is also expected to witness a high growth rate in the global laboratory rockers and shakers market due to the presence of developing economies, a boom in the biopharmaceutical industry, and a surge in the number of research institutes in the region. The laboratory rockers and shakers market in the MEA and Latin America is also expected to witness high growth due to the significant investment in research and development sector of various industries of the region.
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Segmentation of the Laboratory Rockers and Shakers Market On the Basis of Product Type:
Segmentation of the Laboratory Rockers and Shakers Market On the Basis of End Use:
Explore Similar Insights
Laboratory Rockers and Shakers Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
