Global Magnetic Stirrer Market to Reach USD 2.50 Billion by 2033, Stimulated by Increasing Number of CROs

January 29, 2025 | Chemical & Materials

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According to the latest report by IMARC Group, titled “Magnetic Stirrer Market Report by Product Type (Regular Magnetic Stirrer, Hot-Plate Magnetic Stirrer, Multi-Position Magnetic Stirrer), Display Type (Digital, Analog), End-User (Chemical and Pharmaceutical Industry, Research Laboratories and Institutes, and Others), and Region 2025-2033”, the global magnetic stirrer market reached a value of USD 1.97 Billion in 2024. A magnetic stirrer refers to a device consisting of a stationary electromagnet that creates a rotating magnetic field. It is used for spinning a stir bar immersed in a solution for mixing or stirring. Magnetic stirrers are used with glass or non-metal beakers to avoid interference with the magnetic field. They are considered an ideal tool in laboratories for quality control and research applications. At present, these stirrers are available in different models, such as magnetic stirrers with timer, and battery-powered, mini, heavy-duty and air operated turbine magnetic stirrers.

Global Magnetic Stirrer Market Trends:

Over the next few years, the pharmaceutical and biotechnology industries are expected to grow at a rate of around 5% and 7%, respectively, owing to factors such as aging population, technological advancements and rising prevalence of chronic diseases. Both the industries rely heavily on high-tech scientific instruments, which is providing an impetus to the market growth. Also, the escalating demand for magnetic stirrers can be attributed to the rising establishment of private and academic contract research organizations (CROs), which are being approached by pharmaceutical companies to outsource research activities. Moreover, the high cost of magnetic stirrers has prompted manufacturers to design low-cost stirrers with recycled materials, such as CPU fans and neodymium magnets sourced from discarded computers and refurbished electrical components of old circuit boards. Moreover, the sales of scientific instruments, like magnetic stirrers, were earlier confined to traditional supply chains, such as distributors. However, increasing penetration of the internet has led to the availability of various online retail platforms, which have expanded the profit margins of scientific instrument manufacturers across the globe. Looking forward, the market value is projected to reach USD 2.50 Billion by 2033, expanding at a CAGR of 2.57% during 2025-2033.

Market Summary:

The market has been segmented on the basis of the product type, which mainly consists of regular, hot-plate and multi-position magnetic stirrers. Amongst these, hot-plate magnetic stirrers are mostly preferred in the industry.
The report has analyzed the market according to the display type, which includes digital and analog.
On the basis of the end-user, the market has been segregated into the chemical and pharmaceutical industries, research laboratories and institutes, and others. Amongst these, the research laboratories and institutes are the largest end users.
On the geographical front, the market has been divided into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Currently, North America is the biggest market, accounting for the majority of the total market share.
The competitive landscape of the market has also been examined with some of the key players being 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, and Troemner, LLC.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product Type, Display Type, End-User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	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, and Troemner, LLC
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Magnetic Stirrer Market to Reach USD 2.50 Billion by 2033, Stimulated by Increasing Number of CROs

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