Carbon Dioxide Incubators Market Growing Size & Share with Emerging Trends in the Market 2017 - 2026
Transparency Market Research elucidates the potential of the market through key figures that shed light on the market fettle over the forecast period from 2017 to 2026. It is estimated that the market value would surpass US$ 250 Mn by the end of 2026 while registering a healthy CAGR of 8.10% over the forecast period. The carbon dioxide incubators with water jackets are expected to spur in popularity under the product type segmentation, and their revenue is prognosticated to stand at US$ 200 Mn by 2026-end. Amongst the geographical pockets, North America would outdo all other regions due to the immense need for these incubators across the region.
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Technological Advancements to Brighten Market Growth Prospects
The production of carbon dioxide incubators is being aided by the technological advancements that have surfaced across the world. This is not only reducing the turnaround times for production but is also enhancing the effiencicny of these incubators. This trend is conducive to the growth of the market because market players would now be able to cater to the escalating demands of the consumers. To exemplify, a new type of carbon dioxide incubator equipped with an infrared radiation control system has surfaced in the market. Other similar advancements are expected to pervade across the market that would keep consolidating the market prospects. Adoption of automation within the framework of microbiology and other laboratory-oriented initiatives has also transcended as a key market driver.
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There is a rising proclivity towards genetically engineered products that further calls for a need to maintain cell cultures. This aids the field of medicine and biosciences to conduct therapeutic diagnosis, thus fueling the need for carbon dioxide incubators. The expansive application of these incubators in oncology, embryonic cell research, neurosciences, tissue engineering, and stem cell research has further propelled the market by providing commendable growth opportunities to players.
Costs of Production and Installation Could Hamper Demand
The setup and installation costs of carbon dioxide incur huge expenses that could hinder the affluence of growth. Moreover, the add-on accessories including additional shelves and trays compounds more costs and adds to the woes of the buyers. Although these factors pose a threat to the market, pragmatic steps by the market players could counter the odds. As market players engage in research and development of cost-efficient carbon dioxide incubators, the demand within the market is projected to keep booming.
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Transparency Market Research's report titled "Carbon Dioxide Incubators Market (Product Type - Water Jacketed CO2 Incubators, Air Jacketed CO2 Incubators, and Direct Heat CO2 Incubators; Capacity - Below 100L, Above 100L & Below 200L, and Above 200L; Application - Laboratory Research & Clinical Applications, In Vitro Fertilization, and Other Applications) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2026" formed the basis of this review.
The global market for carbon dioxide incubators is segmented along the following lines:
Global Carbon Dioxide Incubators Market: by type
Water jacketed carbon dioxide incubators
Air jacketed carbon dioxide incubators
Direct heat carbon dioxide incubators
Global Carbon Dioxide Incubators Market: by capacity
Above 100L & Below 200L
Global Carbon Dioxide Incubators Market: by application
Laboratory Research & Clinical Applications
In Vitro Fertilization
Global Carbon Dioxide Incubators Market: by region
Asia Pacific Excluding Japan (APEJ)
Rest of the World
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