Digital Magnetic Stirrer Market Size, Share & Industry Analysis, By Type (Regular Magnetic Stirrer, Hot-Plate Magnetic Stirrer, Multi-Position Magnetic Stirrer), By Application (Chemical and Pharmaceutical Industry, Research Laboratories and Institutes, Others (Academic and research institutes)) And Regional Forecast, 2024-2032

Magnetic stirrers are laboratory equipment that utilize rotating magnetic fields to mix solid and liquid components to produce homogeneous solutions. A magnetic stirrer consists of a spinning magnet attached to the bottom plate and a tiny magnetic stirrer bar immersed in the solution to be mixed. The rotation of the magnet at different speeds produces a revolving magnetic field. Plastics such as polytetrafluoroethylene (PTFE), a chemically inert substance, are commonly used to cover the magnetic stirrer bar. In analytical chemistry labs, magnetic stirrers are commonly used to mix chemical components, and in biological laboratories, they are used to produce cell culture medium.

Most magnetic stirrers come with heated plates to keep the temperature constant when mixing the liquids. Magnetic stirrers are suitable for non-viscous solutions in tiny quantities ranging from 50ml to 5000ml, as well as reactions that need a closed vessel or system to be carried out. A small magnetic bar is put into the solution to reduce contamination risk. Magnetic stirring can be beneficial for solutions that require continual mixing for an extended period of time. Stirrers with different rotation rates, temperatures, and number of rotation locations are offered.

The market is highly fragmented, with the existence of multiple global and local manufacturers across the globe. To gain a competitive advantage, Chemical and biological laboratories, pharmaceutical and biotech businesses, and academic institutes all require magnetic stirrers. The growing number of biological and chemical laboratories and enterprises throughout the world is propelling the worldwide magnetic stirrers market forward. Multiple stirring positions on a single platform have been developed in innovative designs, which saves time and increases job productivity. Scientists all around the world are clamouring for the product because of features like reduced contamination risk and time efficiency.

Key Market Driver -

• Increasing Demand In Various Chemical, Pharmaceutical, Microbiological, Biotechnological And Medical Applications

Key Market Restraint -

• Restricted Expenditure On R&D And Lack Of Skilled Professionals In The Underdeveloped Countries.

Key Players Covered:

Key players operating in the global magnetic stirrers market include DWK Life Sciences, Inc., Corning Inc., Grant Instruments, 2mag AG, Scilogex, LLC, Thermo Fisher Scientific, Inc., PAW Bioscience Products, LLC., IKA-Werke GmbH & Co. KG, Cole-Parmer, Azzota, Dynalon, Hanna Instruments, Heidolph Instruments, Neutec Group, Thomas Scientific, Inc., Yamato Scientific America, Inc., Scientific Industries, Torrey Pines Scientific, Inc., and Labnet International, Inc.

Regional Analysis:

North America expected to exhibit substantial growth due to the growing population that could create growth opportunities. Additionally, the market players such as DWK Life Sciences, Inc., Corning Inc., Scilogex and others are emphasizing on offering some of the best research related & industry leading magnetic stirrers that is turn, is boosting the market growth. For Instances, Scilogex offers range of stirers such as Scilogex Hotplates, Magnetic Stirrers, and Magnetic Hotplate Stirrers. Moreover, increasing research process across Canada and the U.S. is complementing the market growth.

Europe is anticipated to witness steady growth, owing to the accelerated demand of these magnetic stirrers in chemicals & pharmaceuticals industries. For instance, Grant Instruments, headquartered in United Kingdom manufactures the MMS-3000, the grant bio mini magnetic stirrer for handling small volumes in routine laboratory procedures. They provide magnetic stirrers for extraction dialysing & PH metering with less quantities of components or substance & any solution with a volume of up to 20 litres that needs to be stirred. Furthermore, apart from equipment they also manufacture MSH-300i Digital Magnetic Hotplate Stirrer.

Asia Pacific is projected to witness the significant growth in CAGR during the forecast period. Emerging countries such as India, China, and Malaysia, as well as rising R&D expenditures and expanding investments by pharmaceutical and chemical firms, are all contributing to the region's market growth. Especially in India & China, the rise of chemical & pharmaceutical industry is likely to drive the growth of these magnetic stirrers. Additionally, the increase of research laboratories & academic research institutes is fuelling the market.

The Middle East market most likely to experience moderate growth owing to the low presence of manufacturers & research industries in the region. However, leading players are focusing to setting up their business due to the huge potential this region have in future.

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Segmentation

Key Industry Developments –

• In October 2020: DWK Life Sciences acquired the Müller + Müller, Müller & Müller, a major German producer of main plastic packaging made of cylindrical glass for the pharmaceutical sector.


• In February 2021:  Thermo Fisher Scientific Inc. acquired the Mesa Biotech, Inc., a private molecular diagnostic company. The collaboration with Mesa Biotech is strategy of the company to develop the benefits of molecular diagnostic.