The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
The carbon dioxide incubator market is expected to show rapid growth due to the growing prevalence of infectious & chronic diseases, technological advancement in the carbon dioxide incubator devices, and rising interest in stem cell and vaccine research.
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 also expected to drive the growth of the market.
In addition, the technological advancement in carbon dioxide incubators devices is considered to be the driver for the growth of the market as well. Moreover growing prevalence of crop and agriculture research in many regions is further expected to fuel the growth of the market.
Key Market Trends
Water Jacketed CO2 Incubators are Expected to Dominate the Market During the Forecast Period
There is a high demand for water jacketed carbon dioxide incubators that have witnessed a tremendous surge in the pharmaceutical industries, on the back of their design improvements and temperature stability. In terms of revenues as well as sales expansion, water-jacketed carbon dioxide incubators have remained dominant in the market.
Therefore the revenues from sales of air jacketed carbon dioxide incubators and direct heat carbon dioxide incubators are expected to remain sluggish throughout the forecast period.
Asia Pacific is Expected to be the Fastest Growing Segment of the Carbon Dioxide Incubators Market
Asia-Pacific continues to be the fastest-growing market for carbon dioxide incubators and this expansion is primarily attributed due to the increasing number of research and development facilities in the pharmaceutical and biomedical sectors. Several research facilities have been migrated to other countries such as Singapore, India, and South Korea and thereby accelerating the demand for incubators.
North America has also been accounted for the largest market share which is attributed to the increasing research and development activities in the life science and biotechnology sectors and manufacturers in the carbon dioxide market focusing on offering the products on the basis of the specific and unique requirements.
The major participants in the global carbon dioxide market include, Panasonic Healthcare Co Ltd., Bellco Glass Inc., Thermo Fisher Scientific Inc., Eppendorf AG, Sheldon Manufacturing Inc., Memmert GmbH+CoKG, and Binder GmbH. Thermo electron and Fisher scientific are gaining presence in the carbon dioxide incubator market by merger and acquisition route and are found investing in new technologies.
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