Air jacketed CO2 incubator: Key market research findings
- The Americas dominate the global market
- Laboratory research accounts for a majority of the market’s revenue
- Key vendors – Panasonic, Sheldon Manufacturing, Thermo Fisher Scientific, Memmert, and BINDER
Technavio’s market research analysts predict the global air jacketed CO2 market to grow at a CAGR of around 6% between 2016 and 2020. The growth of this market is driven by the rapid innovations in the field of life sciences. The growth of life sciences sector will drive the demand for CO2 incubators as it is one of the largest end users of CO2 incubators. During 2015, the global air jacketed Co2 incubator market was dominated by the Americas with a market share of more than 35%. The presence of a large number of research facilities, testing laboratories, sub-contract laboratories, and pharmaceutical companies is expected to drive further growth in the air jacketed CO2 incubator market in the Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the air jacketed CO2 incubator segments based on the application.
“The rising level of customization and incorporation of additional features is the latest trend influencing the market’s growth. The growing impact of this trend has also resulted in the development of modular CO2 incubators. These devices are easier to maintain and replace as they have a separate incubator chamber and air flow unit. Modular CO2 incubators are used in IVF and applications that require hypoxic conditions. The increased level of customization also enables customers to determine the layout and the number of trays within the chamber while maintaining the overall exterior design and performance of the incubator,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
In 2015, the laboratory research segment dominated the global market by accounting for more than 54% of the overall market revenue. The ongoing pharmaceutical and cancer research activities is the major driving force behind the growth of this market segment. In the field of laboratory research, incubators are used widely for cell cultures. The increasing adoption of air jacketed CO2 incubators in the microbiology research sector will propel the growth of the air jacketed CO2 incubator market for laboratory research over the next four years.
The key vendors in the global air jacketed CO2 incubator market include Panasonic, Sheldon Manufacturing, Thermo Fisher Scientific, Memmert, and BINDER. Vendors in the market are targeting their marketing efforts towards creating category and brand awareness among consumers. The market comprises manufacturers of small table-top sterilizers as well large industrial autoclaves. For the manufacturers of smaller equipment, the e-commerce platform is being leveraged to promote and market their offerings. This trend is expected to gain traction during the forecast period. The offerings are often in the form of a solution rather than a product for providers of large equipment. Each solution is often customized accordingly to comply with customer needs and functions.
A more detailed analysis is available in the Technavio report, Global Air Jacketed CO2 Incubator Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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