Carbon Dioxide Incubators Market
Number of pages: 100 | Report Format: PDF | Published date: May 02, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 695 million |
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Revenue Forecast in 2031 |
US$ 1078 million |
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CAGR |
5% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
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Segments Covered |
Product Type, Application, And Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global carbon dioxide incubators market was valued at US$ 695 million in 2022 and is expected to register a revenue CAGR of 5% to reach US$ 1078 million by 2031.
Carbon Dioxide Incubators Market Fundamentals
Carbon dioxide (CO2) incubators are specialized laboratory equipment for growing and maintaining cell cultures. These incubators are designed to provide a controlled environment that regulates temperature, humidity, and CO2 concentration to ensure cells optimal growth and proliferation. CO2 incubators typically comprise an inner chamber, where cell cultures are placed, and an outer chamber, which houses the control systems. The inner chamber is sealed to prevent contamination from the outside air. It has a regulated CO2 atmosphere, typically around 5%, which helps maintain the pH balance and prevent the accumulation of toxic metabolites in the cell culture medium. The incubator also has a heating system to maintain a constant temperature, usually around 37°C, the typical body temperature of humans and animals. CO2 incubators are commonly used in biomedical research, drug development, and tissue engineering applications. They are essential for maintaining cell cultures for various experiments, including cancer research, drug screening, and vaccine development. The use of CO2 incubators helps to ensure that cell cultures are healthy and viable, providing researchers with accurate and reliable data for their experiments.
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Carbon Dioxide Incubators Market Dynamics
Cell-based research has grown in recent years, driven by the need to develop new therapies and treatments. Carbon dioxide incubators provide an optimal environment for the growth and maintenance of cell cultures, making them essential for cell-based research and boosting the carbon dioxide incubators market demand. The improvements in healthcare infrastructure have resulted in a heightened emphasis on research and development efforts, thus fueling the carbon dioxide incubators market growth. There is a rise in the demand for 3D cell culture models as they offer several advantages over traditional 2D cell cultures. This carbon dioxide incubators industry trend has led to a growing demand for CO2 incubators supporting 3D cell culture systems.
Moreover, incorporating advanced technologies, such as remote monitoring and control systems, has increased the efficiency and productivity of carbon dioxide incubators. Governments worldwide invest heavily in the life sciences sector to promote research and development activities. This has led to several research institutes that require carbon dioxide incubators to support their research activities. Additionally, with the increasing demand for personalized medicine, there is a growing need for advanced cell culture systems to support the development of new therapies, which is also expected to improve carbon dioxide incubators market outlook further.
However, carbon dioxide incubators are expensive to manufacture, restricting the growth of carbon dioxide incubators. Furthermore, technical issues, such as temperature and CO2 level fluctuations, can affect the viability of cell cultures and the accuracy of research results. Carbon dioxide incubators require strict maintenance and cleaning procedures to prevent contamination, which can be time-consuming, thus hindering carbon dioxide incubators' market demand.
Carbon Dioxide Incubators Market Ecosystem
The global carbon dioxide incubators market is analyzed from three perspectives: product type, application, and region.
Carbon Dioxide Incubators Market by Product Type
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Based on the product types, the global carbon dioxide incubators market is segmented into water-jacketed CO2 incubators, air-jacketed CO2 incubators, direct heat CO2 incubators, and others.
The water jacketed CO2 incubators segment dominated the carbon dioxide incubators market with the largest revenue share in 2022. Water-jacketed CO2 incubators provide high-temperature stability, which is essential for the growth and maintenance of cell cultures. The water jacket surrounding the chamber is a buffer against temperature fluctuations, providing a consistent environment for cell cultures. Water-jacketed CO2 incubators are known for their reliable performance, making them the preferred choice for many researchers and laboratories. They offer a consistent temperature and CO2 level, critical for cell growth and development.
Water-jacketed CO2 incubators are designed to minimize the risk of contamination, providing a sterile environment for cell cultures. The water jacket surrounding the chamber is a barrier against contamination, preventing outside contaminants from entering the chamber. Water-jacketed CO2 incubators can be used for various applications, including cell culture, tissue engineering, and drug discovery. They provide a stable environment for the growth and development of various types of cells. The water jacketed CO2 incubator segment has been established in the market for a long time, and many researchers and laboratories are familiar with their use and performance. This familiarity has led to a preference for water jacketed CO2 incubators over other incubators.
The air-jacketed CO2 incubators segment also accounted for a considerable carbon dioxide incubator market share in 2022. Air-jacketed CO2 incubators are typically less expensive than water jacketed CO2 incubators, making them a more affordable option for smaller research institutions and laboratories. Air-jacketed CO2 incubators are easier to maintain as they do not require the same maintenance and cleaning procedures as other CO2 incubators. Air-jacketed CO2 incubators are more flexible since they can be used for various applications. They can also accommodate a wider range of vessels, making them suitable for different types of research. The air-jacketed CO2 incubator segment has been gaining popularity due to its lower cost and ease of maintenance. As a result, many researchers and laboratories are adopting air-jacketed CO2 incubators, contributing to the segment's growth in the market.
Carbon Dioxide Incubators Market by Application
Based on the applications, the global carbon dioxide incubators market is segmented into laboratory research & clinical applications, in vitro fertilization, and others.
The laboratory research & clinical applications segment dominated the carbon dioxide incubators market with a significant revenue share. Laboratory research and clinical applications require the use of carbon dioxide incubators for the growth and maintenance of cell cultures. As a result, the demand for carbon dioxide incubators is high in this segment. The laboratory research and clinical applications segment is growing due to increasing research activities in various fields, such as biotechnology, pharmaceuticals, and medical research. This growth has led to an increased demand for carbon dioxide incubators. The laboratory research and clinical applications segment also benefits from technological advancements in carbon dioxide incubators, improving the accuracy and reliability of research results. Government funding for research activities also supports laboratories and clinical research, driving the demand for carbon dioxide incubators. The laboratory research and clinical applications segment has a long-standing presence in the market. As a result, many research institutions and laboratories are well-acquainted with using carbon dioxide incubators. This familiarity has fostered a strong preference for carbon dioxide incubators within this segment.
The in vitro fertilization segment is anticipated to register a lucrative growth rate during the forecast period. The demand for IVF procedures is growing due to increasing infertility rates, delayed childbearing, and advancements in IVF technology. This growth has led to an increased demand for carbon dioxide incubators for the culture of embryos. Carbon dioxide incubators play a critical role in the success of IVF procedures since they provide the optimal conditions for the growth and development of embryos. The high success rates associated with using carbon dioxide incubators in IVF procedures drive the segment's growth. The IVF segment is also benefiting from technological advancements in carbon dioxide incubators that are improving the success rates of IVF procedures. For example, the introduction of tri-gas incubators, which provide a more stable and optimal environment for embryo culture, has contributed to the growth of the IVF segment. The growing awareness and acceptance of IVF procedures among the general population are also contributing to the growth of the IVF segment and the demand for carbon dioxide incubators.
Carbon Dioxide Incubators Market by Region
Geographically, the global carbon dioxide incubators market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The North America region has the largest carbon dioxide incubators market size in terms of revenue generation. North America has a strong presence of research institutions, biotech companies, and pharmaceutical companies, driving the demand for carbon dioxide incubators for cell culture studies and research activities. North America is a hub for technological advancements, improving carbon dioxide incubators' efficiency and accuracy. Governments in North America are taking initiatives to support research activities and promote the adoption of advanced technologies, which is driving the demand for carbon dioxide incubators. The healthcare industry in North America is growing due to increasing healthcare expenditure, an aging population, and the increasing prevalence of chronic diseases. This growth fuels the demand for research and clinical applications for carbon dioxide incubators. North America is home to several key players in the carbon dioxide incubators market, which drive the innovation and development of new products. These players are investing in research and development activities to improve the performance and efficiency of carbon dioxide incubators. Thus, the North America carbon dioxide incubators market outlook is expected to be positive during the forecast period.
Asia Pacific has the fastest carbon dioxide incubators market forecast growth rate. The Asia Pacific region is experiencing significant growth in the life sciences industry, including biotechnology, pharmaceuticals, and medical devices. This growth increases the demand for carbon dioxide incubators for cell culture studies and research activities. The awareness and adoption of in vitro fertilization (IVF) procedures are increasing in the Asia Pacific region due to changing lifestyles and social norms, increasing the demand for carbon dioxide incubators. Many research institutions and universities in the Asia Pacific region collaborate with international counterparts to conduct research studies. This growth is driving the demand for carbon dioxide incubators for research activities.
Carbon Dioxide Incubators Competitive Landscape
The prominent players operating in the global carbon dioxide incubators market are:
Carbon Dioxide Incubators Strategic Developments
Carbon dioxide (CO2) incubators are specialized laboratory equipment for growing and maintaining cell cultures. These incubators are designed to provide a controlled environment that regulates temperature, humidity, and CO2 concentration to ensure cells' optimal growth and proliferation.
North America has the largest market share in terms of revenue. Asia Pacific has the fastest growth rate and is considered the key growth region due to the surge in carbon dioxide incubators industry trends.
The prominent players operating in the global carbon dioxide incubators market are Thermo Fisher Scientific Inc., Eppendorf AG, NuAire Inc., Sheldon Manufacturing Inc., and Memmert GmbH.
The laboratory research & clinical applications segment dominated the global carbon dioxide incubators market.
During the forecast period, the revenue CAGR of the global carbon dioxide incubators market is estimated to be 5.0%.
*Insights on financial performance are subject to the availability of information in the public domain