This industry research report presents a comprehensive segmentation of the global CO2 incubators market by application (clinical, in-vitro fertilization, and laboratory research) and by technology (water jacketed, air jacketed, and direct heat). The report provides a market share analysis of key regions such as the Americas, APAC, and EMEA. The leading companies in the CO2 incubators market are Panasonic, Sheldon, Memmert, Thermo Fischer, and BINDER.
Technavio has released updated information with the publication of its new market research report, global CO2 incubators market, which is expected to grow at a CAGR of around 9% between 2015 and 2019. CO2 incubators are primarily used for growing and maintaining cell cultures, and are extensively used in biomedical and pharmaceutical companies. The APAC accounts for the largest market shares and is expected to grow at a CAGR of around 12% during the forecast period. The growing popularity of crop research in several APAC countries coupled with the migration of several research facilities to Singapore, South Korea, and India has been fuelling the growth of this region.
“The introduction of gel-jacketed incubators is a major trend upcoming in this market. These incubators offer better thermal insulation than water and better temperature stability than water-jacketed incubators. These incubators also require less maintenance and reduce the risk of leakage. However, their high purchasing costs is hindering the sale of these incubators, thereby pushing vendors to adopt better manufacturing methods,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
There have been significant changes in the sensors used and the energy efficiency of the incubators. Vendors are focusing on the design of incubators, coupled with the automation of this equipment in the near future. Also, various manufacturers are customising these incubators with optional features like the launch of modular carbon dioxide incubators. These incubator create a hypoxic environment quickly and are relatively cheaper than conventional CO2 incubators.
The key vendors in the global CO2 incubators market include Panasonic, Sheldon, Memmert, Thermo Fischer, and BINDER. The market is highly fragmented with the presence of several vendors. As the market has slow technology upgradation cycle for CO2 incubators, it is less competitive. Moreover, the key vendors in this market have been using after sales services and a streamlined distribution system to maintain their market dominance.
A more detailed analysis is available in the Technavio report, Global CO2 Incubators Market – Market Research Report 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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