Carbon Dioxide Incubators Market to Reach US$ 483.5 Million by 2027 as Application in In Vitro Fertilization Rises – Yahoo Finance
By daniellenierenberg
NEW YORK, Oct. 4, 2022 /PRNewswire/ --
Growing Use of IVF and Stem Cell Therapies to Create US$ 323 Million Market Opportunity for Carbon Dioxide Incubator Manufacturers
The carbon dioxide incubators market is well covered by Fact.MR for the upcoming decade. The study looks closely at key growth factors such trends, future projections, and business strategies. The research also provides a thorough analysis of the top segments including product, application, capacity, and region, in order to provide well-rounded perspective.
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Fact.MR A Market Research and Competitive Intelligence Provider: The global carbon dioxide incubators market is likely to reach US$ 483.5 Million by 2027, growing at 8.4% CAGR between 2022 and 2027. Growing investment in research and clinical trial activities is likely to fuel the sales of carbon dioxide incubators during the assessment period. Further, use of carbon dioxide incubators in IVF and stem cell treatments is also likely to drive growth.
The popularity and acceptance of in-vitro fertilizations has grown significantly. According toNational Library of Medicine, around 10% to 15% couples in the U.S. have trouble in having a baby. These challenges have been well-addressed by in vitro fertilization (IVF), owing to which it has become a popular healthcare solution.
Use of in-vitro fertilization (IVF) to help couples in becoming parents is likely to grow in the future, which is likely to drive demand for accessories and equipment used in this process. Owing to this, demand for carbon dioxide incubators is likely to witness an upward trend over the upcoming decade.
Further, sales of carbon dioxide incubators are also likely to increase on account of growth in overall stem cell procedures. For instance, as perHealth Resources and Services Administration, 4,864 unrelated and 4,160 related bone marrow and cold transplants were conducted in the U.S. in 2020. Growing use of stem cell treatment is likely to be a key factor driving the sales of carbon dioxide incubators during the assessment period.
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Globally, North America and Europe are likely to remain at the pinnacle of growth in the carbon dioxide incubators market. The U.S., U.K., France, and Germany are at the forefront of new innovation in R&D, and sales of medical accessories and equipment will also remain high, as per Fact.MR. Owing to these factors, carbon dioxide incubator manufacturers are likely to witness incremental growth opportunities across these regions.
Key Takeaways:
By product, water-jacketed carbon dioxide incubators are likely to reman preferred among end-users.
By capacity, below 100-liter carbon dioxide incubators are expected to witness high demand during the assessment period.
By application, use of carbon dioxide incubators in laboratory research and clinical applications is likely to remain high during the assessment period.
By region, North America and Europe are likely to hold sway over the forecast period, with the U.S. and the U.K. leading the growth.
China and India are expected to create sizeable opportunities for market players on the back of improved healthcare infrastructure.
Growth Drivers:
Increasing applications of carbon dioxide incubators in in-vitro fertilization (IVF) and stem cell treatment is likely to drive the market.
Use of carbon dioxide incubators in cell culture development and tissue engineering is expected to create growth avenues for market players.
Efficiency of incubators in maintaining consistent temperature during genetically modified organism (GMO) cultivation is expected to drive growth.
Advancement in carbon dioxide incubator technology is likely to create new growth avenues for market players.
Restraints:
Carbon dioxide incubators are highly prone to errors due to which they require highly experienced technicians. Due to skill shortage, sales of these incubators can be limited.
Lack of standardization is a longstanding challenge and failure to address this issue might hamper growth.
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Competitive Landscape:
Carbon dioxide incubator manufacturers are focusing on launching innovative technologies to consolidate their position in the market. Further, leading players are concentrating on providing training and guidelines to end-users so their products can be used without any issue.
For instance,
In May 2021, Esco introduced an innovative incubator featuring High Heat Sterilization that is highly effective in eliminating bacteria and vegetative cells.
In January 2020, CO2Meter Inc., launched incubators that regulate and monitor bacterial development patterns.
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More Valuable Insights on Carbon Dioxide Incubators Market
In its latest study, Fact.MR offers a detailed analysis of the global carbon dioxide incubators market for the forecast period of 2022 to 2027. This study also divulges key drivers and trends promoting the sales of carbon dioxide incubators through detailed segmentation as follows:
By Product:
Water Jacketed
Air Jacketed
Direct Heat
By Capacity:
Below 100 Litres
100-200 Litres
Above 200 Litres
By Application:
By Region:
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
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Key Questions Covered in the Carbon Dioxide Incubators Market Report
What is the estimated market size of carbon dioxide incubators in 2022?
At what pace will worldwide carbon dioxide incubators sales increase till 2027?
What factors are driving demand in the carbon dioxide incubators market?
Which region is predicted to lead the worldwide carbon dioxide incubators market between 2022 and 2027?
What are the elements driving carbon dioxide incubators market sales during the forecast period?
What is the expected market estimation of the carbon dioxide incubators market during the forecast period?
Explore Fact.MR's Coverage on the Healthcare Domain
Biological Indicator Incubator Market:The biological indicator incubators market is projected to benefit from rising biopharmaceutical production. The market for biological indicator incubators may continue to increase quickly as a result of the manufacturing of biopharmaceuticals that are grown via cell culture.
Tissue Culture Incubator Market:The introduction of CO2 incubators with infrared radiation control systems and other technological advancements in tissue culture incubators, along with increased funding for tissue-based research, are anticipated to be major factors driving the growth of the tissue culture incubator market over the forecast period.
Pneumatic Nebulizers Market:Pneumatic nebulizer sales are anticipated to grow steadily at a CAGR of 4% and reach a market value of US$ 850.4 million by 2027 from US$ 699 million in 2022. An increase in local healthcare spending and patient awareness has spurred the need for pneumatic nebulizers.
Implantable Medical Devices Market: The global implantable medical devices market is predicted to reach US$ 155 billion by 2027. Key factors driving market growth include rising geriatric population & burden of chronic diseases and increasing demand for cosmetic dentistry.
Disinfection Caps Market: Key factors driving market growth include stringent regulations for safe injection practices and rising prevalence of hospital-acquired infections across the world. The global disinfection caps market is estimated to reach US$ 420 million by 2027.
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