The Global Market for Carbon Dioxide Incubators is Forecast to Reach 32 Thousand Units, Valued at US$216 Million by 2024

Rapidly Aging Population, Rising Cases of Chronic Diseases & Increasing R&D Drive the Global Carbon Dioxide Incubators Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Carbon Dioxide Incubators market.  The global market for Carbon Dioxide Incubators is forecast to reach 32 thousand units, valued at US$216 million by 2024, driven by continuous expansion of the life sciences sector, increasing geriatric population, rising cases of chronic diseases, and growing disposable income and healthcare spending.

The global carbon dioxide (CO2) incubators market is exhibiting a healthy growth, and is driven by continuous expansion of the life science sector, owing to increasing geriatric population, and rising cases of chronic diseases. These factors are driving increased R&D investments in vaccine production, protein therapeutics, and cancer research. The global CO2 incubator market is likely to gain a significant momentum from increasing R&D spending across developed countries. Global demand is also expected to be also fueled by increasing spending by pharmaceutical companies on drug discovery and drug testing coupled with establishment of new research facilities across various countries such as Brazil, Chile, Columbia and Mexico. Carbon dioxide incubators are finding increasing demand in stem cell research, cancer research, embryonic cell research, tissue engineering, cultivation of mammalian cells, and neuroscience. The development of highly automated instruments is driving the market for CO2 incubators. In addition, technological advancements are also propelling market demand.

Water-jacketed CO2 incubators are likely to dominate the global market, owing to notable adoption of cell culture incubators in the pharmaceutical and biomedical sectors. The success of water-jacketed CO2 incubators is attributed to their ability to accurately control and monitor various variables and maintain suitable temperature during power failures. The demand for air jacketed CO2 incubators is propelled by addition of new features and increasing customization of products. Rising consumer demand for versatility is expected to drive companies to offer advanced CO2 incubators featuring separate air flow unit and incubator chamber for easy maintenance and replacement.

As stated by the new market research report on Carbon Dioxide Incubators, the United States represents the single largest market for CO2 incubators in the world, driven by intense R&D activities in the biotechnology sector. Although a major portion of the growth in global CO2 incubators market is projected to stem from developed nations, Asia-Pacific and other emerging nations are anticipated to witness rapid growth during the analysis period. The set of numerous R&D and testing facilities across developing economies, especially in the fields of biotechnology and pharmaceutical, is expected to create a strong demand for CO2 incubators.

Major players in the market include Bellco Glass Inc., Binder GmbH, Cardinal Health Inc., Eppendorf AG, LEEC Limited, Memmert GmbH+CoKG, NuAire Inc., PHC Holdings Corp., Shanghai Boxun Medical Biological Instrument Corp., Sheldon Manufacturing Inc., and Thermo Fisher Scientific Inc., among others.

The research report titled “Carbon Dioxide Incubators: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, major growth drivers, technological innovations, product trends, regulations, challenges, mergers and acquisitions, other strategic industry activities of major and niche players worldwide. The report provides market estimates and projections in both dollars and units for all major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World.

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