Global Air Jacketed CO2 Incubator Market 2016-2020

Overview of the air jacketed CO₂ incubator market

The market research analyst at Technavio predicts that the global air jacketed CO₂incubator market will grow progressively and post a CAGR of around 6% by 2020. The rapid increase in investment in research and development on a global scale will aid in the growth of the market. The increasing number of research and testing facilities in the developing countries, particularly in the field of pharmaceutical and biotechnology will, in turn, lead to a rising demand for laboratory equipment such as a CO₂incubator and other consumables. Some of the other sectors facilitating the growth of research and development will be healthcare, clinical research, microbiology, and cancer research. Several countries across the global will invest in R&D firms for the purpose of knowledge expansion, better testing facilities, improved data computing, and technological innovation.

One of the recent trends in the global air jacketed CO₂incubator market is the rising level of customization and addition of features. The increasing demand for versatility will lead to the introduction of modular CO₂incubators with separate incubator chamber and air flow unit, making it easier to maintain and replace. Furthermore, modular incubators are relatively less expensive and is suitable for several applications that do not require extreme temperature stability. Due to such benefits, customers will be able to determine the layout and the number of trays within the chamber and maintain the overall exterior design and performance of the incubator. Also, innovations in technology will aid in the development of individual configuration cavity in new incubators, which will allow them to act as multiple smaller incubators to improve flexibility.

Competitive landscape and key vendors

The market appears to be fragmented due to the presence of several sellers. The technology innovation cycle for CO₂incubators has led to less competition in the market. The major market players will try to create a market presence by offering product customizations, services, and industrial and technology expertise for better sales services and a streamlined distribution system. The increasing effort towards marketing via e-commerce platforms to create brand awareness and innovations in terms of service, quality, pricing, and product differentiation will increase the level of competition during the estimated period.

Key vendors in the market are -

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

Other prominent vendors in the market are Bellco Glass, BMT USA, CARON, CSK Scientific, Eppendorf, ESCO Global, Heal force, Labocon, N-BIOTEK, NuAire, and VWR.

Segmentation based on application and analysis of the air jacketed CO₂ incubator market

• Laboratory research
• Clinical applications
• IVF (in vitro fertilization)

Technavio’s market research analyst predicts that the laboratory research segment will be the largest segment in the global air jacketed CO₂incubator market and will grow at a CAGR of around 5% by 2020. The increasing number of cancer research and pharmaceutical research facilities and the growing adoption of incubators in microbiology research sector will be the primary drivers for market growth

Segmentation based on geography and analysis of the air jacketed CO₂ incubator market

• Americas
• APAC
• EMEA

During 2015, the Americas dominated the market accounting for approximately 35% of the total market share. The increasing investment of pharmaceutical companies in drug discovery and testing, and installation of research facilities in countries like Brazil, Mexico, Colombia, and Chile will propel this market’s growth in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global air jacketed CO₂ incubator market?
• What are the key market trends impacting the growth of the global air jacketed CO₂ incubator market?
• What are the challenges to market growth?
• Who are the key vendors in the global air jacketed CO₂ incubator market?
• What are the market opportunities and threats faced by the vendors in the global air jacketed 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 air jacketed CO₂ incubator market?

Technavio also offers customization on reports based on specific client requirement.

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