LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global CO2 incubator market is projected to grow at a CAGR of more than 8% during the forecast period.
This research report titled ‘Global CO2 Incubator Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The laboratory research and clinical applications segment of the global CO2 incubator market is responsible for generating over 77% of the overall revenue. Increased investments in cancer, pharmaceutical, and metabolomics research are driving the demand for the CO2 incubators from this segment.
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Based on technology, the report categorizes the global CO2 incubator market into the following segments:
- Water-jacketed CO2 incubator
- Air-jacketed CO2 incubator
- Direct heat CO2 incubator
Water-jacketed CO2 incubator
“The water-jacketed CO2 incubator segment is the largest segment of the global market, projected to generate more than 55% of the overall revenue by 2021. These CO2 incubators are mainly used in the biomedical and pharmaceutical sectors for research purposes,” says Amber Chourasia, one of the lead analysts at Technavio for health and wellness research.
Water-jacketed CO₂ incubators are widely adopted due to their capability to monitor and control different variables such as temperature, humidity, and CO₂ levels in a precise and accurate manner. These incubators have an added advantage of being efficient for longer durations in events of power failure, which is expected to impact adoption further.
Air-jacketed CO2 incubator
Air-jacketed CO₂ incubators were the very first type of incubators that were available in the market, and have managed to stay significant by undergoing incremental design changes to meet the changing research needs of end-users. Also, their compact size and affordable nature are appealing to a large number of customers. Consumers mainly opt for air-jacketed CO₂ incubators as they are easy to set up, offer better mobility, provide rapid temperature control, and are relatively maintenance-free.
Direct heat CO2 incubator
“The direct-heat CO₂ incubator segment will be the fastest growing, projected to showcase a CAGR of over 10% through the forecast period. Their higher internal capacity and more eco-friendly nature of operations are the major factors driving their popularity,” says Amber.
The demand for direct-heat CO₂ incubators mainly originates from industries such as the life sciences and clinical research. Consumers seeking to upgrade or replace their incubators are most likely to opt for a direct-heat incubator due to its advantages, thereby driving the growth of the market segment.
The top vendors highlighted by Technavio’s research analysts in this report are:
- BINDER
- Memmert
- Panasonic Biomedical
- Sheldon Manufacturing
- Thermo Fisher Scientific
Browse Related Reports:
- Global Air-jacketed CO2 Incubator Market 2016-2020
- Global Laboratory Shaker Market 2016-2020
- Global Baby Warming Devices Market 2016-2020
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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