Carbon Dioxide Incubators Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Type (Water Jacketed CO2 Incubators, Air Jacketed CO2 Incubators, Direct Heat CO2 Incubators, Others), By Capacity (Below 100ltr, 100 – 200ltr, Above 200ltr), And By Geography - Forecasts From 2022 To 2027
- Published : Nov 2022
- Report Code : KSI061611960
- Pages : 135
The carbon dioxide incubators market is projected to grow at a CAGR of 7.05% during the forecast period to reach US$640.669 million by 2027, from US$397.545 million in 2020.
The carbon dioxide incubators are used to maintain an optimal environment for cell growth by providing carbon dioxide control in a humidified atmosphere with a constant temperature. These CO2 incubators are sealed, climate-controlled boxes that are used for growing cell cultures in life science laboratories. These carbon dioxide incubators are used for in-chamber atmosphere control. They control the temperatures and levels of CO2 and humidity in the incubator for critical health and growth of cultured cells. Moreover, the atmosphere inside a carbon dioxide incubator is as natural as possible to develop cell and tissue cultures. This approach is helpful in cultivating living organisms is called in vitro and it is the prime application for CO2 incubators. The carbon dioxide incubators market is divided into product type, capacity, and geography.
The prime factors fueling the growth of the carbon dioxide incubator market during the forecast period are the rapid innovation in automation along with the increasing investment in research and development in the biotechnology and life science sector from both government and private players and increasing awareness about the benefits associated with the carbon dioxide incubators among researchers are expected to drive the growth of the market.
Increasing adoption in IVF laboratories is expected to aid market growth.
Technological advancement in carbon dioxide incubators devices is also considered a driver for the growth of the market. Moreover, these indicators are developed in conjunction with physicians and scientists, and they are specifically used in IVF (In Vitro Fertilization) laboratories. It provides an ideal vitro environment and the precision scientific equipment creates and maintains a healthy atmosphere to maintain the right environments which are required in the IVF lab. These incubators play a crucial role in the IVF lab and in the success of IVF treatment for any fertility clinic. Hence, due to its benefits in the IVF labs and increased automation with the inclusion of carbon sensors, the carbon dioxide incubator market is expecting positive growth during the anticipated period.
The North American region is expected to hold a significant share of the carbon dioxide incubator market
This is due to the well-established healthcare industry and the presence of major CO2 incubator manufacturers in this region. Furthermore, the US spends more on its healthcare sector. For instance, the Centers for Medicare and Medicaid Services (CMS) reported in their NHE fact sheet that Medicare spending in the US grew by 3.55 in 2020. Furthermore, in the same year, the federal government spending on healthcare also grew by 36% in the US. Such higher healthcare expenditures in this region are prime factors for the growth of CO2 incubators market in this region.
- Eppendorf AG offers CellXpert® C170i CO2 Incubators that provide flexibility for the future and makes monitoring and documentation easy. Further, these incubators deliver optimized growth conditions even for sensitive cells. They provide the highest quality and also save money.
- BINDER GmbH offers Model CB 56 CO2 incubators with hot air sterilization and heat sterilizable CO2 sensors. Cell-based tests in pharmaceutical and medical research can utilize these adaptable CB CO2 incubators. Due to its wide range of options and attachments, this BINDER incubator is even appropriate for intricate culture studies or private surroundings with hypoxic conditions.
COVID-19 Impact on the Carbon Dioxide Incubators Market
The pandemic affected the carbon dioxide incubator market significantly, as the rapid spread of the virus and hardly any knowledge about the virus’s lethal variants caused sudden pressure on the healthcare and biotechnological industry. Furthermore, the manufacturing industry was severely affected, hence, the production and supply of these carbon dioxide incubators were hindered. Such conditions affected the overall growth of the carbon dioxide incubator market during this period.
Carbon Dioxide Incubators Market Scope:
|Market Size Value in 2020||US$397.545 million|
|Market Size Value in 2027||US$640.669 million|
|Growth Rate||CAGR of 7.05% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments Covered||Product Type, Capacity, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Eppendorf AG, BINDER GmbH, PHC Corporation, Thermo Fisher Scientific Inc., Sheldon Manufacturing, Inc., Boxun Medical, Bellco Glass, Memmert GmbH + Co.KG, LEEC Corporation, Esco Micro Pte., Nuaire|
|Customization Scope||Free report customization with purchase|
- By Product Type
- Water Jacketed CO2 Incubators
- Air Jacketed CO2 Incubators
- Direct Heat CO2 Incubators
- By Capacity
- Below 100ltr
- 100-200 ltr
- Above 200 ltr
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. CARBON DIOXIDE INCUBATORS MARKET, BY PRODUCT TYPE
5.2. Water Jacketed CO2 Incubators
5.3. Air Jacketed CO2 Incubators
5.4. Direct Heat CO2 Incubators
6. CARBON DIOXIDE INCUBATORS MARKET, BY CAPACITY
6.2. Below 100ltr
6.3. 100-200 ltr
6.4. Above 200 ltr
7. CARBON DIOXIDE INCUBATORS MARKET, BY GEOGRAPHY
7.2. North America
7.2.1. United States
7.3. South America
7.4.3. United Kingdom
7.5. The Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.3. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrative
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Eppendorf AG
9.2. BINDER GmbH
9.3. PHC Corporation
9.4. Thermo Fisher Scientific Inc.
9.5. Sheldon Manufacturing, Inc.
9.6. Boxun Medical
9.7. Bellco Glass
9.8. Memmert GmbH + Co.KG
9.9. LEEC Corporation
9.10. Esco Micro Pte.
Thermo Fisher Scientific Inc.
Memmert GmbH + Co.KG
Esco Micro Pte.
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