Co2 Incubators Market Segmented By product type such as Water-jacketed CO2 Incubators and Direct heat CO2 Incubators used in Tissue engineering, In vitro fertilization, Neuroscience research, Cancer research and Other mammalian cell research
Industry: Healthcare
Format: PPT*, PDF, EXCEL
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Report Type: Ongoing
Report ID: PMRREP32458
CO2 incubators are used for a wide range of application which includes cell culture development, research in field of cancer and neuroscience, tissue engineering, embryonic cell research, etc. Thus, the increasing number of applications of CO2 incubators is expected to drive the growth of the CO2 incubators market during the forecast period.
One of the rising concern among researchers has been avoiding the contamination of cells while conducting a research. The recent advances in CO2 incubators that involves development of CO2 incubators with heat sterilization and air filters such as HEPA are steps taken by the manufacturers to avoid cell contamination and help the researchers to get better results.
Apart from this, the manufacturers are also addressing the need of special features required for special cells. For instance, Biospherix’s X3 incubator can be configured into individual chambers that can in effect become multiple smaller chambers, with independent controls that enables to optimize different conditions in each chamber. These advances by the manufacturers will help the CO2 market to grow at a considerable rate during the forecast period.
The outbreak of Covid-19 has a mixed impact on the CO2 incubators market. The growing investment in research by government as well as private sector to combat the virus is expected to have a positive impact and lead to have a slight positive growth in revenue of the CO2 incubators market. However, the initial lockdown and the disruption in the supply chain may have led to a slight drop in the CO2 market in the initial few months of 2020.
It is quite evident that cancer has been growing and has become one of the leading cause of death among humans over the years. There has been an increase in prevalence of cancer worldwide. According to CDC, in the U.S. each year more than 1.6 million are diagnosed with cancer making it the second leading cause of death.
Therefore, this arises a growing need for research in the cancer field. Hence, the growing prevalence coupled with rising need for research in the field of cancer is expected to drive the growth of the CO2 incubators market.
In addition to this, the growing awareness about infertility and the rise in number of people opting for in-vitro fertilization is also expected to drive the growth of the CO2 incubators market.
Moreover, technological advancements in development of CO2 which includes password protected settings, door opening alarms, pre-set and over temperature alarms, etc. will lead the market towards considerable growth during the forecast period.
The rising research in neuroscience in order to understand various cognitive and behavioral aspects and to discover new findings will also drive the growth of CO2 incubators market.
However, the high cost of the equipment and strict regulatory scenario may restrict the growth of CO2 incubators market.
The global CO2 incubators market has been segmented on the basis of product type, application and end user.
Based on product type, the global CO2 incubators market is segmented as:
Based on application, the global CO2 incubators market is segmented as:
Based on end user, the global CO2 incubators market is segmented into:
Direct heat CO2 incubators are expected to undergo significant growth during the forecast period. This is due to increasing use of direct heat CO2 incubators owing to the number of advantages it offers over water-jacketed CO2 incubators. In-vitro fertilization and cancer research will contribute towards maximum revenue in the application segment. Biopharmaceutical companies will continue to dominate the CO2 market during the forecast period as well.
North America will continue to dominate the CO2 incubators market owing to increasing need of in vitro fertilization in the U.S. According to CDC, in the U.S., more than 440 clinics provide services to patients seeking to overcome infertility. This indicated there has been an elevated demand for in-vitro fertilization in this region which will propel the growth of the CO2 incubators market in this region.
South Asia and East Asia will experience robust growth during the forecast period due to rising investments made in research and development activities by pharmaceutical and biotechnological companies in these regions. In addition to this, CO2 incubators are used for diagnosis or identification of viruses. Therefore, the growing seasonal flu and virus outbreaks in these regions will also drive the growth of the market.
Some of the players identified in the CO2 incubators market includes
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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