Carbon Dioxide Incubator Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Carbon Dioxide Incubator Market is Segmented by Product Type (Water Jacketed Carbon Dioxide Incubators, Air Jacketed Carbon Dioxide Incubators, Direct Heat Carbon Dioxide Incubators, and Other Product Types), Application (Laboratory Research and Clinical Applications, In Vitro Fertilisation, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America).

Market Snapshot

carbon-dioxide-incubator-market--growth-trends-and-forecast_Market Summary
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.9 %

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Market Overview

The carbon dioxide incubator market is expected to witness a CAGR of 7.9% over the forecast period.

The coronavirus outbreak is continuing to spread, with countries seeing a rise in the number of those affected. While most cases are mild, the virus has a fatality rate of between one and two percent. Scientists are working hard to develop a vaccine and relying on incubators as weapons in the fight. Cabron dioxide incubator is being used to store coronavirus samples to be retrieved whenever necessary and investigated to gain insights into this new respiratory disease. For example, some BINDER CO2 incubators capable of heating up to 180°C are already being used to reproduce dangerous infections on human cells to deliver new insights into SARS-CoV-2 (which causes coronavirus). Thus, the COVID-19 pandemic is expected to have a tremendous impact on the growth of the studied market.

The carbon dioxide incubator market is expected to show rapid growth due to the growing prevalence of infectious and chronic diseases, technological advancement in carbon dioxide incubator devices, and rising interest in stem cell and vaccine research.

Rapid innovation in automation along with the increasing investment in research and development in the biotechnology and life science sector from both government and private players and increasing awareness about the benefits associated with the carbon dioxide incubators among researchers are also expected to drive the growth of the market.

Carbon dioxide incubators are most prominently utilized in pharmaceutical, medical, and other related fields. This device is mostly used in the development of tissue-engineered products. For instance, at the University of Zurich, the Swiss Center for Regenerative Medicines (SCRM) utilizes CO2 incubators for research therapies based on tissue engineering, which comprises cell clusters and tissues. Also, it enables the growth of blood vessels and heart valves grown from stem cells. Such studies conducted by various research institutes and government organizations will create lucrative opportunities in the market, thereby supplementing the market growth.

In addition, the technological advancement in carbon dioxide incubators devices is considered the driver for the growth of the market. Moreover, the growing prevalence of crop and agriculture research in many regions is further expected to fuel the market's growth. However, factors such as limitations associated with carbon dioxide incubators are likely to impede the market growth over the forecast period.

Scope of the Report

As per the scope of the report, an incubator is equipment utilized for maintaining biological samples such as cell lines or microbial cultures in an optimum environment and temperatures. They are one of the most widely used incubators in any cell culturing laboratory environment. Carbon dioxide incubators fall under major types of incubators, used for offering a stable environment for the growth of cell cultures by controlling humidity, temperature, and oxygen and carbon dioxide concentrations at an ideal level inside the chamber. Major application areas of carbon dioxide incubators include laboratory research and clinical applications and in vitro fertilization. The carbon dioxide incubator market is segmented by product type (water jacketed carbon dioxide incubators, air jacketed carbon dioxide incubators, direct heat carbon dioxide incubators, and other product types), application (laboratory research and clinical applications, in vitro fertilization, and other applications), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segment.

By Product Type
Water Jacketed CO2 Incubators
Air Jacketed CO2 Incubators
Direct Heat CO2 Incubators
Other Product Types
By Application
Laboratory Research and Clinical Applications
In Vitro Fertilization
Other Applications
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

In Vitro Fertilizations by Application Segment are Expected to Dominate the Market During the Forecast Period

In vitro fertilization is an assistive reproductive technology, which involves the process of fertilization by retrieving eggs from the woman's ovaries and fertilizing them with sperm outside the body, under a laboratory environment. The fertilization occurs outside of the body in an incubator under controlled conditions. The most commonly used environmental conditions for human IVF incubators are 5% CO2 in the air, 37°C, and 100% relative humidity. The increasing awareness of advanced in vitro fertilization (IVF) techniques, rising success rates of IVF, and disorders due to the delayed onset of pregnancy have stimulated the demand for in vitro fertilization, thereby boosting the demand for CO2 incubators across the world.

The proportion of women who are intentionally delaying pregnancies beyond the age of 35 years has been increasing in the past few years. According to the Center for Disease Control and Prevention (CDC), about 10% of women (6.1 million) in the United States aged between 15 -44 have difficulty in getting pregnant or staying pregnant each year. Also, a study by the Hebrew University of Jerusalem revealed that sperm counts for men have more than halved over the last 40 years. As per the UN World Fertility report 2019, rapid fertility declines were observed in 77 countries globally and areas where adolescent fertility declined by more than 50% between 1990-1995 and 2015-2020. In such cases, a CO2 incubator is necessary to maintain an optimal environment for cell growth by providing carbon dioxide control in a humidified atmosphere with a constant temperature. Thus, the aforementioned statistics indicate the high demand for carbon dioxide incubators in the coming future.

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North America Accounted for the Largest Market Share of the Carbon Dioxide Incubators Market

North America accounted for the largest market share, which is attributed to the increasing research and development activities in the life science and biotechnology sectors and manufacturers in the carbon dioxide market focusing on offering the products on the basis of the specific and unique requirements. As per the SingleCare online Survey, conducted in October 2020, 20% of the respondents received in vitro fertilization (IVF) in the United States. Additionally, 19% of the respondents reported polycystic ovarian syndrome(PCOS), and 25% reported unknown reasons for infertility. Thus, the high incidence of infertility is driving the studied market growth.

Moreover, the strong foothold of key market players in the North American region is also likely to fuel the regional market growth. Thermo Fisher Scientific Inc., Panasonic Healthcare Co Ltd., Binder GmbH, and Bellco Glass are few major players operating in the arena of North American carbon dioxide incubators market share. In January 2019, Bellco Glass introduced its new range of 40 cubic feet volume of carbon dioxide incubators. These novel CO2 incubators also consist of a microprocessor temperature controller, safety thermostat, and control panel, which features dials for automatic control temperature and indicating lights. Such products launches will help the regional market to grow at a faster pace.

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Competitive Landscape

The carbon dioxide incubator market is moderately competitive, owing to the presence of many small and large market players. The major participants in the global carbon dioxide market include Panasonic Healthcare Co Ltd, Bellco Glass Inc., Thermo Fisher Scientific Inc., Eppendorf AG, Sheldon Manufacturing Inc., Memmert GmbH+CoKG, and Binder GmbH. Thermo Electron and Fisher Scientific are gaining presence in the carbon dioxide incubator market by merger and acquisition route and are found investing in new technologies.

Recent Developments

  • In May 2021, Esco launched Esco CelCulture CO2 Incubator with High Heat Sterilization (CCL-HHS). This new product adopts a 180°C dry heat sterilization system, proven effective in normally killing resistant fungi, bacterial spores, and vegetative cells that may contaminate the workspace.
  • In January 2020, CO2Meter Inc., a leading worldwide manufacturer of high-quality gas detection and monitoring solutions, launched a new CO2 sensor for incubators that monitors and controls the environments for cell cultures, tissue samples, and bacteria growth patterns.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Prevalence of Infectious and Chronic Diseases

      2. 4.2.2 Technological Advancement in Carbon Dioxide Incubator Devices

      3. 4.2.3 Rising Interest in Stem Cell and Vaccine Research

    3. 4.3 Market Restraints

      1. 4.3.1 Limitations Associated with Carbon Dioxide Incubators

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Water Jacketed CO2 Incubators

      2. 5.1.2 Air Jacketed CO2 Incubators

      3. 5.1.3 Direct Heat CO2 Incubators

      4. 5.1.4 Other Product Types

    2. 5.2 By Application

      1. 5.2.1 Laboratory Research and Clinical Applications

      2. 5.2.2 In Vitro Fertilization

      3. 5.2.3 Other Applications

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Eppendorf AG

      2. 6.1.2 BINDER GmbH

      3. 6.1.3 Panasonic Healthcare Co.

      4. 6.1.4 Thermo Fisher Scientific Inc.

      5. 6.1.5 Sheldon Manufacturing Inc.

      6. 6.1.6 Shanghai Boxun Medical Biological Instrument Corp.

      7. 6.1.7 Bellco Glass

      8. 6.1.8 Memmert GmbH & Co.

      9. 6.1.9 LEEC corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Carbon Dioxide Incubator Market market is studied from 2018 - 2026.

The Carbon Dioxide Incubator Market is growing at a CAGR of 7.9% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Eppendorf AG, Panasonic Healthcare Co., Thermo Fisher Scientific Inc., Sheldon Manufacturing Inc., BINDER GmbH are the major companies operating in Carbon Dioxide Incubator Market.

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