Over the next five years, sales of incubators are expected to increase globally at a CAGR of 8.4%. As a result, it is anticipated that the global carbon dioxide incubators market would grow from a value of US$ 323 million in 2022 to US$ 483.5 million by 2027.
Sales of air jacketed CO2 incubators and direct heat CO2 incubators are anticipated to grow at significant CAGRs in comparison to sales of water jacketed CO2 incubators. Sales of air jacketed CO2 incubators are expected to soar between 2022 and 2027 at a CAGR of 9%.
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In vitro fertilization is a form of assisted reproduction that includes fertilizing eggs with sperm outside of the human body, in a laboratory setting. In a controlled environment, fertilization takes place outside the body in an incubator. Demand for carbon dioxide incubators has increased globally due to the rise in IVF procedures, the efficiency scores of IVFs, and problems brought on by the delayed commencement of pregnancy.
The market is also anticipated to rise as a result of rapid robotic innovation, rising government & private sector investments in biotechnology and life science research & development, and increasing researchers’ understanding of the advantages of carbon dioxide incubators.
Key Highlights
- The global market for carbon dioxide incubators is currently valued at US$ 323 million.
- The market is expected to attain a valuation of US$ 483.5 million by 2027.
- China’s carbon dioxide incubators market is expected to reach US$ 104 million by 2027.
- Global sales of air jacketed carbon dioxide incubators are predicted to rise rapidly at a CAGR of 9% from 2022 to 2027.
“The carbon dioxide incubators industry is anticipated to develop as the use of incubators in crop and agriculture research becomes more prominent across regions,” says a Fact.MR analyst.
Key pioneers
- PHC Holdings Corporation
- Thermo Fisher Scientific
- Eppendorf AG
- Sheldon Manufacturing Inc.
- BINDER GmbH
- Memmert GmbH Co.KG
- Bellco Glass Inc.
- LEEC Ltd
- Shanghai Boxun Medical Biological Instrument Corp.
- NuAire
Winning Strategy
Panasonic Healthcare Co Ltd, Bellco Glass Inc., Thermo Fisher Scientific Inc., Eppendorf AG, Sheldon Manufacturing Inc., and Binder GmbH are some of the prominent players in the worldwide carbon dioxide incubators market.
- Through mergers and acquisitions, Thermo Electron and Fisher Scientific are expanding their market share in carbon dioxide incubators and are also seen making investments in cutting-edge technology.
- Thermo Fisher Scientific Inc. stated in June 2021 that the company’s automated incubators and storage systems, Thermo Scientific Cytomat 24, are equipped with the most recent technologies to help with greater throughput and sample protection.
Industry Research Report
- By Product :
- Water Jacketed CO2 Incubators
- Air Jacketed CO2 Incubators
- Direct Heat CO2 Incubators
- 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
Key Questions Covered in the Carbon dioxide incubator report
- What is the projected value of the Carbon dioxide incubator in 2023?
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- Which region is expected to lead in the global Carbon dioxide incubator during 2023 to 2033?
- Which are the factors driving the Carbon dioxide incubator during the forecast period?
- What is the expected market value of the Carbon dioxide incubator during the forecast period?
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