Product Code: GVR-4-68040-128-6
Carbon Dioxide Incubators Market Growth & Trends:
The global carbon dioxide incubators market size is estimated to reach USD 1.11 billion by 2030, according to a new study by Grand View Research, Inc.. The market is projected to grow at a CAGR of 6.2% from 2023 to 2030. The carbon dioxide incubators are crucial in various scientific and healthcare fields, providing controlled cell and tissue culture environments. These incubators are essential for the growth of cells, tissues, and microorganisms in laboratory settings. Moreover, emerging economies, characterized by expanding R&D activities, are witnessing a surge in demand for these advanced devices. According to the South China Morning Post Publishers Ltd., China is the second largest investor in R&D, with a total expenditure of USD 419 billion in 2022, which was 10.4% higher than in 2021. In addition, as these economies enhance their healthcare infrastructure, the demand for in vitro fertilization and stem cell therapy is growing, necessitating CO2 incubators to ensure optimal conditions for cell growth. For instance, the Department of Biotechnology released funds worth USD 8.84 million till 2022 for stem cell, gene editing, and early & late translational research studies in India. In addition, the increasing incidence of chronic diseases globally and the subsequent surge in drug development activities have further propelled the demand for Co2 incubators.
Technological innovations have significantly enhanced experimental reproducibility, data integrity, and operational efficiency. One major advancement is the integration of advanced microprocessor-based control systems. These systems allow highly accurate regulation of temperature, humidity, & CO2 levels, minimizing fluctuations and providing researchers with consistent conditions for their experiments. This is particularly crucial in fields like stem cell research and drug discovery, where slight variations can impact results. For instance, PHCbi's patented Direct Heat and Air Jacket incubators have a single-beam, two-detector Infrared (IR) CO2 sensing technology that provides accuracy and stability by simultaneously detecting reference & sample wavelengths for continuous calibration. The sensor is linked to a microprocessor controller and remains unaffected by changes in humidity & temperature. It analyzes the absorbance of light from a given wavelength IR bulb over a fixed distance. Since only CO2 absorbs l
ight at the given wavelength, the sensor is both humidity and temperature-independent.
Carbon Dioxide Incubators Market Report Highlights:
- The growth of the overall market is attributed to the introduction of technologically advanced CO2 incubators for R&D in the healthcare sector, the growing demand for cell-based therapies, and the increasing healthcare spending.
- In terms of product type, the water jacket carbon dioxide incubators held the largest market share of 37.21 % in 2022 owing to improved performance and reliability, making them a preferred choice in research and biotechnology sectors for maintaining precise & consistent incubation environments
- In terms of application, the in vitro fertilization segment held the largest market share of 40.15% in 2022 and is anticipated to grow at the fastest CAGR of 6.5% over a forecast period. This growth can be attributed to the rising number of infertility cases and advancements in assisted reproductive technologies
- In terms of end-use, the research laboratories segment held the largest market share of 36.45% in 2022. The demand for reliable and precise incubation systems is rising, with expanding research activities in cell biology, thereby driving the segment growth.
- North America dominated the market with a share of 34.60% in 2022 owing to the increased spending on healthcare research and well-established research institutes in the region
- Based on region, Asia Pacific is expected to witness the fastest CAGR of 7.6%, owing to the expanding biotechnology and healthcare sectors
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Information Procurement
- 1.2. Information Or Data Analysis
- 1.3. Market Scope & Segment Definition
- 1.4. Market Model
- 1.4.1. Market Study, By Company Market Share
- 1.4.2. Regional Analysis
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Increasing R&D in the biotechnology and life science sectors
- 3.2.1.2. Growing demand for cell-based therapies
- 3.2.1.3. Increasing adoption of plastic surgery, antiaging therapies, tissue repair, and dermatological treatments
- 3.2.1.4. Technological advancements in co2 incubators
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. High Cost associated with CO2 incubators.
- 3.2.2.2. Lack of skilled technicians to operate CO2 incubator.
- 3.3. Industry Analysis Tools
- 3.3.1. Porter's Five Forces Analysis
- 3.3.2. PESTEL Analysis
- 3.3.3. COVID-19 Impact Analysis
Chapter 4. Product Type Business Analysis
- 4.1. Carbon Dioxide Incubators Market: Product Type Movement Analysis
- 4.2. Water Jacket Carbon Dioxide Incubators
- 4.2.1. Water Jacket Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 4.3. Air Jacket Carbon Dioxide Incubators
- 4.3.1. Air Jacket Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 4.4. Direct Heat Carbon Dioxide Incubators
- 4.4.1. Direct Heat Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 4.5. Others
- 4.5.1. Others Market, 2018 - 2030 (USD Million)
Chapter 5. Application Business Analysis
- 5.1. Carbon Dioxide Incubators Market: Application Movement Analysis
- 5.2. Research and Clinical Applications
- 5.2.1. Research and Clinical Applications Market, 2018 - 2030 (USD Million)
- 5.3. In Vitro Fertilization
- 5.3.1. In Vitro Fertilization Market, 2018 - 2030 (USD Million)
- 5.4. Other Applications
- 5.4.1. Other Applications Market, 2018 - 2030 (USD Million)
Chapter 6. End-Use Business Analysis
- 6.1. Carbon Dioxide Incubators Market: End-Use Movement Analysis
- 6.2. Research Laboratories
- 6.2.1. Research Laboratories Market, 2018 - 2030 (USD Million)
- 6.3. Hospitals
- 6.3.1. Hospitals Market, 2018 - 2030 (USD Million)
- 6.4. Diagnostic centers
- 6.4.1. Diagnostic Centers Market, 2018 - 2030 (USD Million)
- 6.5. Others
- 6.5.1. Others Market, 2018 - 2030 (USD Million)
Chapter 7. Regional Business Analysis
- 7.1. Carbon Dioxide Incubators Market Share By Region, 2022 & 2030
- 7.2. North America
- 7.2.1. SWOT Analysis
- 7.2.2. North America Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.2.3. U.S.
- 7.2.3.1. Key Country Dynamics
- 7.2.3.2. Target Disease Prevalence
- 7.2.3.3. Competitive Scenario
- 7.2.3.4. Regulatory Framework
- 7.2.3.5. U.S. Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.2.4. Canada
- 7.2.4.1. Key Country Dynamics
- 7.2.4.2. Target Disease Prevalence
- 7.2.4.3. Competitive Scenario
- 7.2.4.4. Regulatory Framework
- 7.2.4.5. Canada Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. Key Country Dynamics
- 7.3.2.2. Target Disease Prevalence
- 7.3.2.3. Competitive Scenario
- 7.3.2.4. Regulatory Framework
- 7.3.2.5. UK Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Key Country Dynamics
- 7.3.3.2. Target Disease Prevalence
- 7.3.3.3. Competitive Scenario
- 7.3.3.4. Regulatory Framework
- 7.3.3.5. Germany Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. Key Country Dynamics
- 7.3.4.2. Target Disease Prevalence
- 7.3.4.3. Competitive Scenario
- 7.3.4.4. Regulatory Framework
- 7.3.4.5. France Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key Country Dynamics
- 7.3.5.2. Target Disease Prevalence
- 7.3.5.3. Competitive Scenario
- 7.3.5.4. Regulatory Framework
- 7.3.5.5. Italy Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key Country Dynamics
- 7.3.6.2. Target Disease Prevalence
- 7.3.6.3. Competitive Scenario
- 7.3.6.4. Regulatory Framework
- 7.3.6.5. Spain Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.3.7. Denmark
- 7.3.7.1. Key Country Dynamics
- 7.3.7.2. Target Disease Prevalence
- 7.3.7.3. Competitive Scenario
- 7.3.7.4. Regulatory Framework
- 7.3.7.5. Denmark Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.3.8. Sweden
- 7.3.8.1. Key Country Dynamics
- 7.3.8.2. Target Disease Prevalence
- 7.3.8.3. Competitive Scenario
- 7.3.8.4. Regulatory Framework
- 7.3.8.5. Sweden Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.3.9. Norway
- 7.3.9.1. Key Country Dynamics
- 7.3.9.2. Target Disease Prevalence
- 7.3.9.3. Competitive Scenario
- 7.3.9.4. Regulatory Framework
- 7.3.9.5. Norway Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.4.2. Japan
- 7.4.2.1. Key Country Dynamics
- 7.4.2.2. Target Disease Prevalence
- 7.4.2.3. Competitive Scenario
- 7.4.2.4. Regulatory Framework
- 7.4.2.5. Japan Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.4.3. China
- 7.4.3.1. Key Country Dynamics
- 7.4.3.2. Target Disease Prevalence
- 7.4.3.3. Competitive Scenario
- 7.4.3.4. Regulatory Framework
- 7.4.3.5. China Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. Key Country Dynamics
- 7.4.4.2. Target Disease Prevalence
- 7.4.4.3. Competitive Scenario
- 7.4.4.4. Regulatory Framework
- 7.4.4.5. India Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Key Country Dynamics
- 7.4.5.2. Target Disease Prevalence
- 7.4.5.3. Competitive Scenario
- 7.4.5.4. Regulatory Framework
- 7.4.5.5. Australia Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.4.6. Thailand
- 7.4.6.1. Key Country Dynamics
- 7.4.6.2. Target Disease Prevalence
- 7.4.6.3. Competitive Scenario
- 7.4.6.4. Regulatory Framework
- 7.4.6.5. Thailand Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.4.7. South Korea
- 7.4.7.1. Key Country Dynamics
- 7.4.7.2. Target Disease Prevalence
- 7.4.7.3. Competitive Scenario
- 7.4.7.4. Regulatory Framework
- 7.4.7.5. South Korea Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.4.8. Singapore
- 7.4.8.1. Key Country Dynamics
- 7.4.8.2. Target Disease Prevalence
- 7.4.8.3. Competitive Scenario
- 7.4.8.4. Regulatory Framework
- 7.4.8.5. Singapore Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Target Disease Prevalence
- 7.5.2.3. Competitive Scenario
- 7.5.2.4. Regulatory Framework
- 7.5.2.5. Brazil Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Key Country Dynamics
- 7.5.3.2. Target Disease Prevalence
- 7.5.3.3. Competitive Scenario
- 7.5.3.4. Regulatory Framework
- 7.5.3.5. Mexico Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.5.4. Argentina
- 7.5.4.1. Key Country Dynamics
- 7.5.4.2. Target Disease Prevalence
- 7.5.4.3. Competitive Scenario
- 7.5.4.4. Regulatory Framework
- 7.5.4.5. Argentina Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.6. MEA
- 7.6.1. MEA Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. Target Disease Prevalence
- 7.6.2.3. Competitive Scenario
- 7.6.2.4. Regulatory Framework
- 7.6.2.5. South Africa Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Key Country Dynamics
- 7.6.3.2. Target Disease Prevalence
- 7.6.3.3. Competitive Scenario
- 7.6.3.4. Regulatory Framework
- 7.6.3.5. Saudi Arabia Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. Key Country Dynamics
- 7.6.4.2. Target Disease Prevalence
- 7.6.4.3. Competitive Scenario
- 7.6.4.4. Regulatory Framework
- 7.6.4.5. UAE Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
- 7.6.5. Kuwait
- 7.6.5.1. Key Country Dynamics
- 7.6.5.2. Target Disease Prevalence
- 7.6.5.3. Competitive Scenario
- 7.6.5.4. Regulatory Framework
- 7.6.5.5. Kuwait Carbon Dioxide Incubators Market, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Participant Categorization
- 8.1.1. PHC Corporation
- 8.1.1.1. Overview
- 8.1.1.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.1.1.3. Product Benchmarking
- 8.1.1.4. Strategic Initiatives
- 8.1.2. Thermo Fisher Scientific, Inc
- 8.1.2.1. Overview
- 8.1.2.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.1.2.3. Product Benchmarking
- 8.1.2.4. Strategic Initiatives
- 8.1.3. Eppendorf SE
- 8.1.3.1. Overview
- 8.1.3.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.1.3.3. Product Benchmarking
- 8.1.3.4. Strategic Initiatives
- 8.1.4. Memmert GmbH + Co, KG
- 8.1.4.1. Overview
- 8.1.4.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.1.4.3. Product Benchmarking
- 8.1.4.4. Strategic Initiatives
- 8.1.5. Binder GmbH
- 8.1.5.1. Overview
- 8.1.5.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.1.5.3. Product Benchmarking
- 8.1.5.4. Strategic Initiatives
- 8.1.6. Bellco Glass
- 8.1.6.1. Overview
- 8.1.6.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.1.6.3. Product Benchmarking
- 8.1.6.4. Strategic Initiatives
- 8.1.7. NuAire, Inc.
- 8.1.7.1. Overview
- 8.1.7.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.1.7.3. Product Benchmarking
- 8.1.7.4. Strategic Initiatives
- 8.1.8. Sheldon Manufacturing, Inc.
- 8.1.8.1. Overview
- 8.1.8.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.1.8.3. Product Benchmarking
- 8.1.8.4. Strategic Initiatives
- 8.1.9. LEEC Limited.
- 8.1.9.1. Overview
- 8.1.9.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.1.9.3. Product Benchmarking
- 8.1.9.4. Strategic Initiatives
- 8.2. Participant's Overview
- 8.3. Financial Performance
- 8.4. Product Benchmarking
- 8.5. Company Market Share Analysis, 2022
- 8.6. Strategy Mapping
- 8.6.1. Expansion
- 8.6.2. Acquisition
- 8.6.3. Product/Service Launch
- 8.6.4. Others
Chapter 9. Analyst View