Global CO2 Incubator Market 2017-2021

February 03, 2017
This market research report analyzes the key players in the global CO2 incubator market such as BINDER, Memmert, Panasonic Biomedical, Sheldon Manufacturing, and Thermo Fisher Scientific. The report also presents a competitive analysis of the market by application (laboratory research and clinical applications, IVF, and others), by technology (water-jacketed, air-jacketed, and direct-heat), and by geography (the Americas, APAC, and EMEA).

Global outlook of the CO2 incubator market

Technavio’s market research analysts predict the global CO2 incubator market to grow steadily during the forecast period and post a CAGR of more than 8% by 2021. This industry research report identifies the increase in R&D investments in several countries across the globe to be one of the major factors that will have a positive impact on the growth of the carbon dioxide incubator market in the coming years. It has been observed that the economies of developing countries grow faster than that of the developed countries, which will result in the construction of several new research facilities and institutes in these regions. The US witnessed the investment of more than USD 28 billion towards R&D in the field of biotechnology by major companies during 2015. Similarly, countries such as France, Switzerland, and South Korea also witnessed huge R&D investments towards the expansion of research facilities in various fields including biotechnology, clinical research, microbiology, and cancer research. This increase in research facilities will consequently lead to the rise in demand for laboratory incubators and other equipment, fueling the growth of the market.

This market research and analysis estimates that in terms of geographical regions, APAC will be the major revenue contributor to the laboratory CO2 incubator market by the end of the forecast period. The rise in focus of several countries in the region towards crop research to meet the demands of the increasing population and the growth in funds and grants from governments towards research in the field of genomics, will be major factors boosting market growth in this region.

Competitive landscape and key vendors

The market consists of a number of CO2 incubator manufacturers and appears to be highly fragmented. Since incubators do not differ in terms of design and functionality, the major market players are primarily focusing on increasing their revenue shares by offering customized products and services. The market is competitive and vendors mainly compete on factors such as product pricing, availability, brand, and variety. To enhance their product portfolios, most of the market players follow strategies such as partnerships and M&As. To sustain the competition and increase revenue shares, vendors have the need to improve their geographical presence and revive domestic demand, which will help them achieve sustained growth.

The leading vendors in the market are -

  • Memmert
  • Panasonic Biomedical
  • Sheldon Manufacturing
  • Thermo Fisher Scientific

The other prominent vendors in the market are Bellco Glass, BMT USA, Cardinal Health, CARON, CSK Scientific, Eppendorf, ESCO Global, Heal Force, Labocon, LEEC, N-BIOTEK, NuAire, and VWR.

Segmentation by application and analysis of the CO2 incubator market

  • Laboratory research and clinical applications
  • In-vitro fertilization (IVF)

During 2016, the laboratory research and clinical applications segment accounted for the major shares and dominated the market. This mainly attributed to the rise in number of research activities in several areas including cancer research. Additionally, increasing investments from the pharmaceutical and biomedical companies towards the expansion of their R&D facilities will also fuel the growth of this market segment. 

Segmentation by technology and analysis of the CO2 incubator market

Due to the increased demand for cell culture incubators from the biomedical and pharmaceutical sectors, the water-jacketed CO2 incubators segment will dominate the market throughout the predicted period. This is mainly due to the capability of these incubators to accurately monitor and control various variables including temperature, humidity, and CO2 levels and their ability to maintain the temperature for a longer period during power failures.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global CO2 incubator market?
  • What are the key market trends impacting the growth of the global CO2 incubator market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global CO2 incubator market?
  • What are the market opportunities and threats faced by the vendors in the global CO2 incubator market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global CO2 incubator market?

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