Incubator Market — Global Industry Analysis and Forecast (2023–2029)
According to the report, Incubator Market size was valued at US$ 428.93 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 6.6% through 2023 to 2029, reaching nearly US$ 670.95 Mn.
Incubator is the device used to maintain the biological samples such as microbial cultures or cell lines in the optimum temperatures and environment. The incubator primarily supplies adequate carbon dioxide, oxygen, humidity and temperature. The incubator was designed by Hearsin in 1881 and invented in France. Incubator was firstly used to hatch the eggs. Incubators are essential for several experiments performed in molecular biology and microbiology and for culturing eukaryotic as well as bacterial cells.
The report provides a comprehensive view on the incubator market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the incubator market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
Incubators are widely used in incubation of microbes and in preservation of animal and plant cell lines. Growing research sector in the industries such as biotech, pharma, clinical trials, hospitals and research institutes stimulates the growth of incubator market. Moreover, presence of various incubators and escalating use of incubators for hatching eggs, and incubating insects drives the incubator market. Introduction of neonatal incubators for new born infant sufferening from specific disease further triggers the growth of market. However, high cost of incubators and lack of awareness in developing economies may impact on the growth of incubator market.
The incubator market can be segmented on basis of types such as neonatal, hatching, peltier cooling, compressor cooled and microbiological incubators. Neonatal incubators are used for infants to observe them in controlled environment. The incubator consists of fan, heater, water and humidity container and control valve for oxygen. The microbiological incubators can be distinguished as culture incubators and CO2 incubators. These incubators maintain the temperature, humidity and CO2 for the incubation of microbial cultures. For preserving animal and plant cell lines CO2 incubators are used. Hatcheries incubators are utilized in hatching the eggs in the artificial environment. Compressor cooled incubators are designed to deliver low temperature for specific microorganisms and peltier cooling incubators are type of cooling incubators that are used for incubating of specific insects.
North America followed by Europe held the largest market for incubator market and is expected to remain dominant in the forecast period. Thiswas mainly contributed to the high demand for neonatal incubator. Asia Pacific is anticipated to be the fastest growing market in the forecast period owing to presence of majority of manufactures in this region along with shift in preference for advance techniques in biotech, research and hatching industries. Middle East and Africa is projected to experience decent growth in the coming years.
Key Players:
1. GE Healthcare
2. Panasonic Healthcare Co. Ltd.
3. Thermo Fisher Scientific
4. Phoenix Medical Systems (P) Ltd.
5. Hettich Lab Technology
6. Atom Medical Corporation
7. VWR Lab Products Pvt. Ltd.
8. Natus Medical Incorporated
9. Drägerwerk AG & Co. KGaA
10. Memmert GmbH Co.KG.
11. General Electric Company
12. Cobams plc.
13. Bistos Co., Ltd.
14. Fanem Ltd.
15. Meter Co., Ltd.
The report segments of the incubator market into:
Incubator Market: Type Segment Analysis
- Neonatal
- Hatching
- Peltier cooling
- Compressor cooled
- Microbiological
- Others
Incubator Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East & Africa
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