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GIA announces the release of a comprehensive global report on Carbon Dioxide Incubators markets. Global market for Carbon Dioxide Incubators is forecast to reach US$181 million by 2020, driven by healthy R&D investments in the biotechnology sector, strong governmental support and funding for research activities, and new technological innovations.
San Jose, California (PRWEB) July 03, 2014
Follow us on LinkedIn Rapid advancements in the field of cell biology, cancer, molecular biology, and pharmaceutical research has increased the need for sophisticated life science laboratory equipment. Incubators represent the most important equipment, integral to every research laboratory.
Used widely for incubation of cell culture and media, incubators have witnessed several refining technology developments and improvements, over the years. Technological advancements in CO2 incubator manufacturing also represents a key growth driver. Advanced version of CO2 incubators equipped with HEPA filters and IR control sensors, that play a crucial role in enhancing the quality of results, are rapidly growing in popularity. With laboratories focusing on complete automation, the market for innovative, next generation equipment is expected to post steady growth. Other major factors, such as innovation in sensor technology, automation, and energy efficiency, rising governmental support for research activities, and increasing awareness among researchers regarding the advantages of using CO2 incubators, are also expected to boost market growth.
As stated by the new market research report on Carbon Dioxide Incubators, the United States represents the largest and the fastest growing market worldwide with a CAGR of 4.2% in volume terms over the analysis period. Growth in the country is supported by intense R&D activities in the biotechnology and life sciences sectors. Manufacturers of CO2 incubators are currently focusing efforts on offering products, specifically aimed at addressing the unique requirements of developing markets. Saturating developed markets, and rising healthcare and research spending in emerging nations are playing crucial roles in driving the shift in manufacturer focus to developing nations, especially India, China and Brazil.
Rising interest in stem cell research as a result of the growing need for new therapies and vaccines, is amplifying the need for cell culture research, thus benefiting demand for CO2 incubators. In-vitro fertilization (IVF) is another potential area of growth for CO2 incubators. Technological advancements have resulted in the manufacture of numerous types of incubators that can be carefully selected, as per requirements for optimum embryo growth, thereby increasing the success rate of IVF. Bulky carbon dioxide incubators based on water jacket to control and maintain a stable temperature environment in the chamber are gradually being replaced by air jacketed incubators. Some of the newer versions of incubators make use of gel-jacket technology designed to provide hybrid benefits of both air and water jacketed incubators. Another noteworthy trend in the market is the increasing demand for large capacity CO2 incubator models meant for large volume culturing of valuable cell lines.
Major players covered in the report include Bellco Glass Inc., Binder GmbH, Eppendorf AG, Memmert GmbH+CoKG, NuAire Inc., Panasonic Healthcare Co Ltd., Sheldon Manufacturing Inc., SP Industries Inc., and Thermo Fisher Scientific Inc., among others.
The research report titled Carbon Dioxide Incubators: A Global Strategic Business Report announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, major growth drivers, technological innovations, product trends, regulations, challenges, mergers and acquisitions, other strategic industry activities of major and niche players worldwide. The report provides market estimates and projections in both dollars and units for all major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Carbon_Dioxide_CO2_Incubators_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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