Refrigerator Incubators Market is expected to reach USD 6.8 billion by 2031 | Binder GmbH, Thermo Fisher Scientific, PHC Holdings Corporation

The refrigerator incubator market was valued at USD 562.3 million in 2022 and it is anticipated to grow further till USD 1204 million by 2032, at a CAGR of 7.9% during the forecast period.

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Refrigerator incubators are used to provide a constant cold temperature environment to promote or prevent the growth of cells, tissue cultures, and other biological samples. The incubators are ideal for various applications such as BOD determinations, plant and insect studies, fermentation studies, bacterial cultures, water pollution testing, and enzyme digestion studies.

Market Trends and Drivers

Sales of refrigerated incubators are anticipated to increase during the forecast period as a result of technological advancements and current market trends, including password-protected settings, door opening alarms, auto decontamination cycles, self-calibration, pre-set alarms, over-temperature alarms, and thermostats, as well as safe, reproducible incubation even at high ambient temperatures.

Major Players in the Global Refrigerator Incubator Market

The key players studied in the report are Binder GmbH, Thermo Fisher Scientific, PHC Holdings Corporation, Eppendorf AG, A, Sheldon Manufacturing, Inc., LEEC Ltd., Memmert GmbH + Co. KG, Benchmark Scientific, and Gilson, Inc., among others.

COVID-19 Impact

The medical and healthcare communities have been severely tested and stretched to their limits by COVID-19. Hospitals struggle as the disease spreads more quickly than the industry can create PPE and provide the essential medical supplies. However, COVID-19 provides the medical device sector with a number of other difficulties as well, including supply. One of the industries that contributes significantly behind the scenes to the fight against the coronavirus (COVID-19) pandemic is the cooling industry. It takes care of keeping patients and caregivers safe and comfortable in both conventional healthcare facilities and emergency hospitals set up in hallways, parking lots, and other public spaces. It also ensures that the proper temperature is maintained and that medicines are transported and stored safely. For pharmaceutical products to adhere to industry rules and pharmaceutical safety requirements, strict temperature control and monitoring are necessary. Despite COVID-19's fatal effects, the market for chilled incubators has seen a huge uptick.

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Global Refrigerator Incubator Market Segmentation

By Type

50L
51L-200L
201L-750L
751L-1500L
Above 1500L

By Application

Hospitals
Research Laboratories & Academic Institutes
Pharmaceutical & Biotechnology Companies
Others

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This release was published on openPR.