Carbon Dioxide Incubators Market Analysis And Forecast To 2025 By Type, Region And Applications
The carbon dioxide incubators market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020, and it is expected to reach US$ xx million by the year 2025, with an estimated CAGR of 7.7% during the forecast period (2020-2025).
Carbon dioxide incubators are climate-controlled, sealed boxes that are used in the life sciences laboratories for growing biological cell cultures. These are needed to maintain same conditions prevailing inside the human body. Some of the key applications of carbon dioxide incubators include neuroscience, in vitro fertilization, cancer research, tissue engineering, and other mammalian cell research. Substantial adoption of in-vitro fertilization (IVF) techniques and initiatives undertaken by the government to encourage in-vitro fertilization has increased the demand for the carbon dioxide incubators market. In addition, key technological advancements in carbon dioxide incubators and notable agricultural and crop research across various regions also boost the market growth.
Key Insights:
Latest Updates
Analyst Views
Future Outlook of the Market
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Competitive Landscape:
Key players in the carbon dioxide incubators market include Eppendorf AG, BINDER GmbH, Panasonic Healthcare Co., Thermo Fisher Scientific Inc., Sheldon Manufacturing Inc., Shanghai Boxun Medical Biological Instrument Corp., Bellco Glass, Memmert GmbH & Co., and LEEC Corporation, among others.
Players have adopted strategies of product development to strengthen their position in the market. For instance, in January 2020, CO2Meter Inc. launched a novel CO2 sensor for incubators that monitor and control the environment for bacteria growth patterns, tissue samples, and cell cultures. Also, in June 2019, PHCbi introduced a new cell culture CO2 incubator that provides precise CO2 control and accurate temperature control within the chamber. In addition to this, in June 2018, Esco Group purchased AT Medical UAB to boost its Esco Life Sciences Ecosystem.
Market Taxonomy:
By Product Type
Water Jacketed Carbon Dioxide Incubators
Direct Heat Carbon Dioxide Incubators
Air Jacketed Carbon Dioxide Incubators
Others
By Application
Laboratory Research and Clinical Applications
In-Vitro Fertilization
Other Applications
By Capacity
Above 200L
Above 100L and Below 200L
Below 100L
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
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Market Dynamics:
Carbon dioxide incubators are used to create an atmosphere that is as natural and favorable to develop tissues and cell cultures, which is referred to as in-vitro technique to grow organisms. Notable initiatives undertaken by the government to boost the adoption of the IVF technique are expected to boost the deployment of carbon dioxide incubators, thereby, driving the market growth. For instance, in April 2019, the U.S. government = undertook initiatives to offer better reimbursement policies to patients undergoing IVF treatment, which is expected to drive the use of carbon dioxide incubators and contribute to the market growth.
In addition, according to the United Nations report in November 2015, the Japanese government expanded family programs and policies in childcare services, parental leave schemes, and monetary assistance in the form of child allowances. These initiatives are focused on encouraging people to adopt IVF techniques to have child while driving the use of carbon dioxide incubators in the process and contributing to market growth. However, government regulations for the reduction of overall healthcare costs, high cost of device, and product recalls acts as a few market growth restraints.
FAQ's:
Note: This report provides in-depth analysis of the carbon dioxide incubators market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.
What are the trends adopted by key players in the carbon dioxide incubators market?
What key factors are expected to increase the demand for carbon dioxide incubators market during the forecast period 2020-2025?
What are the major challenges inhibiting the growth of the carbon dioxide incubators market?
What was the total market value (US$ Mn) generated in carbon dioxide incubators market by product type in 2019, and what are the forecasts by 2025?
Which application is expected to dominate the carbon dioxide incubators market in the coming years?
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What was the total revenue generated by the carbon dioxide incubators market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
Who are the key players contributing to the growth of the carbon dioxide incubators market, and what are the new strategies adopted by them to retain a market share in the industry?
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