Magnetic stirrer is used for mixing of components by stirring the solution. Stirring is continuously done with the help of magnetic stir bar, also known as magnetic pellet. These are portable and efficient to use without contamination and are ideal for non-viscous solutions. Increasing demand for magnetic stirrer from laboratories, research institutes, and academic institutes is a major factor driving growth of the global magnetic stirrer market.
The global magnetic stirrer market has been segmented on the basis of product type, display type, application, and region. On the basis of product type, the global market is segmented into regular magnetic stirrer, hot-plate magnetic stirrer, and multi-position magnetic stirrer. The hot-plate magnetic stirrer segment is expected to witness significant growth in terms of revenue during the forecast period.
On the basis of display type, the global market is segmented into analog and digital. On the basis of application, the global market is segmented into pharmaceutical, chemical and biotech laboratories, and academic and research institutes
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Based on region, the global magnetic stirrer market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market dominates the global market in terms of revenue, owing to increasing demand of magnetic stirrer from research centers in the region. The market in Europe accounts for second highest revenue share in the global market. The Asia Pacific market is expected to register significant growth during the forecast period. The market in Latin America and Middle East & Africa are estimated to register moderate growth in the target market in next 10 years.
Key players operating in the global magnetic stirrer market include DWK Life Sciences, Inc., 2mag AG, Scilogex, LLC, Thermo Fisher Scientific, Inc., IKA-Werke GmbH & Co. KG, PAW Bioscience Products, LLC., Yamato Scientific America, Inc., Torrey Pines Scientific, Inc., Thomas Scientific, Inc., and Labnet International, Inc.