(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 26, 2021, 06:58 /Comserve / -- Carbon Dioxide Incubator Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast
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 so that they can be retrieved whenever necessary and investigated in order to gain insights into this new respiratory disease. For example, some BINDER CO2 incubators that are capable of heating up to 180°C are already being used to reproduce dangerous infections on human cells with the aim of delivering 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 & chronic diseases, technological advancement in carbon dioxide incubator devices, and rising interest in stem cell and vaccine research.
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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 comprise the cultivation of 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 to be the driver for the growth of the market as well. Moreover growing prevalence of crop and agriculture research in many regions is further expected to fuel the growth of the market. However, factors such as limitations associated with carbon dioxide incubators is likely to impede the market growth over forecast period.
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 air, 37°C, and 100% relative humidity. The increasing awareness on 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 of CO2 incubator across the world.
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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 percent 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, the rapid fertility declines were observed in 77 countries globally and areas where adolescent fertility declined by more than 50 per cent between 1990-1995 and 2015-2020. In such cases, CO2 incubator is necessary to maintain an optimal environment for cell growth, by providing carbon dioxide control in a humidified atmosphere with constant temperature. Thus, aforementioned statistics indicates the high demand for carbon dioxide incubators in upcoming future.
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 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 the faster pace.
Competitive Landscape
The market studied is moderately competative, 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.
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