Carbon Dioxide Incubators Market to Reach US$ 483.5 Million by 2027

The global carbon dioxide incubators market is likely to reach US$ 483.5 Million by 2027, growing at 8.4% CAGR between 2022 and 2027. Growing investment in research and clinical trial activities is likely to fuel the sales of carbon dioxide incubators during the assessment period. Further, use of carbon dioxide incubators in IVF and stem cell treatments is also likely to drive growth.

The popularity and acceptance of in-vitro fertilizations has grown significantly. According to National Library of Medicine, around 10% to 15% couples in the U.S. have trouble in having a baby. These challenges have been well-addressed by in vitro fertilization (IVF), owing to which it has become a popular healthcare solution.

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Globally, North America and Europe are likely to remain at the pinnacle of growth in the carbon dioxide incubators market. The U.S., U.K., France, and Germany are at the forefront of new innovation in R&D, and sales of medical accessories and equipment will also remain high, as per Fact.MR. Owing to these factors, carbon dioxide incubator manufacturers are likely to witness incremental growth opportunities across these regions.

Key Takeaways:

By product, water-jacketed carbon dioxide incubators are likely to reman preferred among end-users.
By capacity, below 100-liter carbon dioxide incubators are expected to witness high demand during the assessment period.
By application, use of carbon dioxide incubators in laboratory research and clinical applications is likely to remain high during the assessment period.
By region, North America and Europe are likely to hold sway over the forecast period, with the U.S. and the U.K. leading the growth.
China and India are expected to create sizeable opportunities for market players on the back of improved healthcare infrastructure.
Growth Drivers:

Increasing applications of carbon dioxide incubators in in-vitro fertilization (IVF) and stem cell treatment is likely to drive the market.
Use of carbon dioxide incubators in cell culture development and tissue engineering is expected to create growth avenues for market players.
Efficiency of incubators in maintaining consistent temperature during genetically modified organism (GMO) cultivation is expected to drive growth.
Advancement in carbon dioxide incubator technology is likely to create new growth avenues for market players.
Restraints:

Carbon dioxide incubators are highly prone to errors due to which they require highly experienced technicians. Due to skill shortage, sales of these incubators can be limited.
Lack of standardization is a longstanding challenge and failure to address this issue might hamper growth.

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Competitive Landscape:

Carbon dioxide incubator manufacturers are focusing on launching innovative technologies to consolidate their position in the market. Further, leading players are concentrating on providing training and guidelines to end-users so their products can be used without any issue.

For instance,

In May 2021, Esco introduced an innovative incubator featuring High Heat Sterilization that is highly effective in eliminating bacteria and vegetative cells.
In January 2020, CO2Meter Inc., launched incubators that regulate and monitor bacterial development patterns.

Key Companies Profiled by Fact.MR

Shanghai Boxun Medical Biological Instrument Corp.
NuAire
Bellco Glass Inc.
LEEC Ltd
BINDER GmbH
Memmert GmbH Co.KG
PHC Holdings Corporation
Thermo Fisher Scientific
Eppendorf AG
Sheldon Manufacturing Inc.

By Product:
Water Jacketed
Air Jacketed
Direct Heat
By Capacity:
Below 100 Litres
100-200 Litres
Above 200 Litres
By Application:
Laboratory Research & Clinical Applications
In Vitro Fertilization
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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This release was published on openPR.