Key vendors to leverage M&As and partnerships to keep pace with the competition in the market.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global CO2 incubator market in their latest research report. This report also lists 13 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global CO2 incubator market is highly fragmented in nature owing to the presence of several small and big vendors in the market space. The products offered in the market do not differ in terms of design and functionality; however, the major players in the market try to differentiate themselves by offering product customization and services. Vendors in the market space leverage M&A and partnerships to keep pace with the competition in the market and gain market shares.
According to Abhay Sinha, a lead analyst at Technavio for research on health and wellness, “The demand for the CO₂ incubators solutions is expected to be high in emerging markets, especially in BRIC countries due to an increase in spending on research activities. These countries are likely to constitute the fastest-growing market during the forecast period.”
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Top five vendors in the CO2 incubators market space
BINDER
BINDER manufactures a variety of environmental simulation chambers and climate chambers for scientific and industrial laboratories. It serves various end-markets, including IVF, pharmaceutical, automotive, biotechnology, chemical, electronics/semiconductor, and aviation and aerospace industries. The company has a strong operational presence in 135 countries.
Key products: Series B incubators with mechanical adjustment, Series BD incubators with free convection, and Series BF incubators with air circulation.
Memmert
Memmert offers heating ovens, climate chambers, incubators, oil baths, and water baths for a wide variety of applications. The company caters to the needs of organizations in the pharmaceutical, food research, and biological sectors.
Key products: CO₂ incubator ICO50, CO₂ incubator ICO150, CO₂ incubator ICO105, and CO₂ incubator ICO₂40.
Panasonic Biomedical
Panasonic Biomedical engages in the sales, marketing, logistics, and technical service of Panasonic laboratory products across Europe (including Russia and Turkey). It has additional sales and service offices in the UK, France, and the Netherlands. The company offers a portfolio of laboratory equipment with advanced technology, construction, and performance attributes.
Key products: MCO-170AIC-PE CO₂ incubator, MCO-18AC-PE CO₂ incubator, MCO-230AIC CO₂ incubator, MCO-5AC-PE CO₂ incubator, and MCO-80IC-PE CO₂ reach-in incubator.
Sheldon Manufacturing
Sheldon Manufacturing designs, manufactures, and sells a variety of constant temperature equipment for the pharmaceutical, research, biotechnology, and production markets. It sells products online and through dealers and distributors worldwide.
Key products: SCO6AD high heat decontamination CO₂ incubator and SCO5A SHEL LAB CO₂ air-jacketed incubator.
Thermo Fisher Scientific
Thermo Fisher Scientific caters to the laboratory, life science, and industrial customers, helping them approach scientific knowledge, boost manufacturing processes, enable drug discovery, and secure people and the environment with instruments, scientific equipment, software solutions, and services. Its instruments monitor and control online production to ensure the quality and safety of raw materials as well as end products.
Key products: Series 8000 direct-heat CO₂ incubators and Heracell VIOS 160i tri-gas CO₂ incubators.
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A more detailed analysis is available in the Technavio report, Global CO2 Incubator Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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