LONDON--(BUSINESS WIRE)--According to the latest research study released by Technavio, the global laboratory shaker market is expected to grow at a CAGR of close to 6% until 2020.
This research report titled ‘Global Laboratory Shaker Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments, including microbiology, protein engineering, and others.
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“From the time laboratory shakers were first introduced with only an analog regulator to control the temperature, to now, when automated laboratory shakers can be programmed to carry out several functions, such as temperature, humidity, frequency, and time control, laboratory shakers have evolved gradually. With digital interfaces and the ability to store processed information, these instruments have the ability to drastically reduce human intervention,” said Barath Palada, one of Technavio’s lead analysts for lab equipment research.
“Boosting the growth of this industry, countries like Singapore, China, and South Korea, their respective governments are anticipated to increase their investments in research, particularly in the biomedical sector over the next five years. Singapore is already considered as the regional hub for biomedical R&D and the country desires to continue strengthening its current position with increased investments in this sector,” added Barath.
Global laboratory shakers market by end-users 2015
| • Microbiology | 60.15% | |
| • Protein engineering | 16.47% | |
| • Others | 23.38% | |
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Source: Technavio research |
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Global laboratory shakers market in microbiology: largest segment
The global laboratory shakers market in microbiology is expected to see steady growth over the next five years. The major applications of laboratory shakers in microbiology include virology, molecular biology, and immunology research. All of these applications require sample agitation and mixing, and predominantly use orbital and rocking laboratory shakers. The microbiology sector is expected to grow at a CAGR of 12.59% over the forecast period, leading to greater demand for laboratory shakers over the next five years. Most of the major applications areas of water baths in the microbiology sector are expected to exhibit rapid growth over the next five years.
Global laboratory shakers market in protein engineering: second largest segment
The global laboratory shakers market in protein engineering is expected to record the fastest growth rate among all the user segments because of the rapid growth of the protein engineering sector, which is expected to grow at a CAGR of 16.22% over the forecast period. The increased investments in the field of protein research and engineering will lead to a rise in demand for incubator shakers and nutating shakers over the next five years. The growth of this market between 2015 and 2020 is expected to be driven by the emerging economies in APAC.
Global laboratory shakers market in others
The others segment is expected to follow a positive growth pattern over the next five years, reaching a YoY growth rate of 6.18% by the end of 2020. The various end-users of laboratory shakers in this market include the chemical sector, food processing, environmental studies, water quality research, coliform determination, marine biology, metallurgy, and hybridization. All of these application areas are expected to see steady growth over the next five years, in turn, leading to a rise in the demand for laboratory shakers and driving the growth of this segment over the forecast period.
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