Incubator is a device used to grow, maintain microbiological cultures or cell culture, and to prevent the entry of contaminants during cell culture preparation. The incubator maintains exact temperature and humidity and other environmental condition such as oxygen, carbon- dioxide level inside the incubator. Among all incubators, carbon dioxide incubator is mainly used in cell culturing laboratories.
North America market is dominating the global carbon dioxide incubator market and expected to maintain its dominance throughout the forecast period.
Increasing government initiatives for development of genetic engineering and adoption of carbon dioxide incubator from cancer research, embryonic cell research, stem cell research is a major factor driving growth of the global carbon dioxide incubator market. In addition, rising demand for carbon dioxide incubator in the field of medicine to conduct therapeutic diagnosis is expected to fuel the growth of the global carbon dioxide incubator market.
However, high installation cost of carbon dioxide incubator is a major factor restraining growth of the global carbon dioxide incubator market. Moreover, maintenance of incubator which include daily cleaning and periodic maintenance of the incubator is expected to challenge the growth of the global carbon dioxide incubator market.
Recent development and technological improvements in incubator devices such as theft protection with password facility, functions to schedule auto decontamination cycles, and self-calibration expected to support growth of the global carbon dioxide incubator market. Furthermore, incubator equipped with infrared radiation control system is expected to present new opportunities to market players operating in the target market.
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The global carbon dioxide incubator market is segmented on the basis of type, application, and region. On the basis of region, the global carbon incubator market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is dominating the global carbon dioxide incubator market and expected to maintain its dominance throughout the forecast period. This is attributed to well-developed healthcare industry, and high adoption rate among the end user industries in this region. Europe market accounts for the second largest revenue share contribution to the global carbon dioxide incubator market followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to register highest CAGR, owing to increasing adoption of carbon dioxide incubator from laboratories, research centers and other healthcare institutes in emerging economies in this region.
Key players operating in the global carbon dioxide incubator market Panasonic Healthcare Co Ltd., Bellco Glass Inc., Thermo Fisher Scientific Inc., Eppendorf AG, NuAire Inc., Sheldon Manufacturing Inc., Memmert GmbH+Co.KG, SP Industries Inc., and Binder GmbH.