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The CO2 incubator market share is expected to increase by USD 113.99 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.38%.
This CO2 incubator market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers CO2 incubator market segmentation by end-user (biotechnology and pharmaceutical companies, research and clinical laboratories, and others) and geography (Asia, North America, Europe, and ROW). The CO2 incubator market report also offers information on several market vendors, including BMT USA LLC, Cardinal Health Inc., Eppendorf AG, Memmert GmbH + Co.KG, N-Biotek Inc., NuAire Inc., PHC Holdings Corp., Sartorius AG, Sheldon Manufacturing Inc., and Thermo Fisher Scientific Inc. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growth of the global life science market is notably driving the CO2 incubator market growth, although factors such as high cost of equipment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the CO2 incubator industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key CO2 Incubator Market Driver
One of the key factors driving growth in the CO2 incubator market is the growth of the global life science market. The growth of the geriatric population, the increase in the prevalence of chronic diseases, and the rise in the disposable income of people contributed to the growth. Thus, the growth of the global life science market has encouraged biotechnology, pharmaceutical, and biomedical companies to improve their research and product offerings. Cell culture is an indispensable technology for basic research and a wide range of clinical in vitro studies. Keeping these cells in their natural condition and maintaining a sterile environment while conducting cell culture is important to avoid errors and improve results. For this purpose, CO? incubators are being used in several laboratory research and clinical applications to maintain a constant temperature and humidity for the growth of tissue culture cells under a CO? atmosphere. Thus, the growing investment in the life science sector has increased the research in biotechnology, pharmaceutical, and biomedical companies, fueling the demand for CO? incubators, benefiting the market.
Key CO2 Incubator Market Trend
The growth of IVF procedures is another factor supporting the CO2 incubator market share growth. The number of cases of infertility is increasing. This is because of factors such as changing lifestyles, resulting in increased cases of polycystic ovarian syndrome and delay in pregnancy age, which is leading to depleting quality of eggs. All these factors are increasing demand for assisted reproductive technologies such as IVF, which is a process of fertilization where an egg is combined with sperm outside the body in in-vitro. An increase in awareness, improvement in the success rate, and a rise in affordability are some factors for the rise in IVF procedures. Incubators are vital to the overall success of IVF. They create an optimal, constant environment for embryo cultures. Thus, with the increase in the number of IVF procedures, the demand for CO? incubators will increase in the coming years. Vendors have started offering improved and advanced incubators to satisfy the demand.
Key CO2 Incubator Market Challenge
The high cost of equipment will be a major challenge for the CO2 incubator market during the forecast period. The average cost of a CO? incubator is estimated to be $6,000-$14,000. In cases of customization as per the end-user need, the total cost of CO? incubators will increase to match the working environment and for adding more shelves and trays or purchasing add-on accessories. The total cost of ownership is the overall cost of the equipment over its useful life, and the cost of maintenance, service and repair increases the total cost of ownership for a standard CO? incubator, making CO? equipment more expensive during its lifetime. Further, continuous maintenance is required as CO? incubators equipment requires frequent cleaning after incubation of each batch or completion of each procedure. The high cost associated with the purchase and maintenance of these CO? incubators is negatively affecting the market growth as adoption rates will decrease.
This CO2 incubator market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global CO2 incubator market as a part of teh global life sciences tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the CO2 incubator market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the CO2 incubator market encompasses successful business strategies deployed by the key vendors. The CO2 incubator market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
PHC Holdings Corp. - The company offers CO? incubators such as MCO-170AC, MCO-170AIC, MCO-170AICD, and MCO-230AIC.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The CO2 incubator market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the CO2 incubator market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the life sciences tools and services market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
***1. Executive Summary
***2. Market Landscape
**2.1 Market ecosystem
**2.2 Market characteristics
*Exhibit 02: Market Characteristics
**2.2 Value chain analysis
*Exhibit 03: Value chain analysis for life sciences tools and services
*2.2.1 Research and development
*2.2.2 Inputs
*2.2.3 Production
*2.2.4 Distribution
*2.2.5 Marketing and sales
*2.2.6 Post-sales and services
***3. Market Sizing
**3.1 Market definition
*Exhibit 04: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 05: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
*Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 08: Five forces analysis 2020 & 2025
**4.2 Bargaining power of buyers
*Exhibit 09: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 10: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 11: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 12: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 13: Threat of rivalry
**4.7 Market condition
*Exhibit 14: Market condition - Five forces 2020
***5. Market Segmentation by End-user
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 15: - Market share 2020-2025 (%)
**5.2 Comparison by End-user
*Exhibit 16: Comparison by End-user
**5.3 Biotechnology and pharmaceutical companies - Market size and forecast 2020-2025
*Exhibit 17: Biotechnology and pharmaceutical companies - Market size and forecast 2020-2025 ($ million)
*Exhibit 18: Biotechnology and pharmaceutical companies - Year-over-year growth 2020-2025 (%)
**5.4 Research and clinical laboratories - Market size and forecast 2020-2025
*Exhibit 19: Research and clinical laboratories - Market size and forecast 2020-2025 ($ million)
*Exhibit 20: Research and clinical laboratories - Year-over-year growth 2020-2025 (%)
**5.5 Others - Market size and forecast 2020-2025
*Exhibit 21: Others - Market size and forecast 2020-2025 ($ million)
*Exhibit 22: Others - Year-over-year growth 2020-2025 (%)
**5.6 Market opportunity by End-user
*Exhibit 23: Market opportunity by End-user
***6. Customer landscape
*Exhibit 24: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 25: Market share by geography 2020-2025 (%)
**7.2 Geographic comparison
*Exhibit 26: Geographic comparison
**7.3 Asia - Market size and forecast 2020-2025
*Exhibit 27: Asia - Market size and forecast 2020-2025 ($ million)
*Exhibit 28: Asia - Year-over-year growth 2020-2025 (%)
**7.4 North America - Market size and forecast 2020-2025
*Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
*Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
**7.5 Europe - Market size and forecast 2020-2025
*Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
*Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
**7.6 ROW - Market size and forecast 2020-2025
*Exhibit 33: ROW - Market size and forecast 2020-2025 ($ million)
*Exhibit 34: ROW - Year-over-year growth 2020-2025 (%)
**7.7 Key leading countries
*Exhibit 35: Key leading countries
**7.8 Market opportunity by geography
*Exhibit 36: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Growth of the global life science market
*8.1.2 Investments in the global laboratory instrumentation market
*8.1.3 Increase in stem cell research
**8.2 Market challenges
*8.2.1 High cost of equipment
*8.2.2 Lack of trained professionals affect the quality of results
*8.2.3 Stringent government rules and regulations
*Exhibit 37: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Growth of IVF procedures
*8.3.2 Growing focus on personalized medicine
*8.3.3 Increase in GMOs
***9. Vendor Landscape
**9.1 Overview
*Exhibit 38: Vendor landscape
**9.2 Landscape disruption
*Exhibit 39: Landscape disruption
*Exhibit 40: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 41: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 42: Market positioning of vendors
**10.3 BMT USA LLC
*Exhibit 43: BMT USA LLC - Overview
*Exhibit 44: BMT USA LLC - Product and service
*Exhibit 45: BMT USA LLC - Key offerings
**10.4 Cardinal Health Inc.
*Exhibit 46: Cardinal Health Inc. - Overview
*Exhibit 47: Cardinal Health Inc. - Business segments
*Exhibit 48: Cardinal Health Inc. - Key offerings
*Exhibit 49: Cardinal Health Inc. - Segment focus
**10.5 Eppendorf AG
*Exhibit 50: Eppendorf AG - Overview
*Exhibit 51: Eppendorf AG - Business segments
*Exhibit 52: Eppendorf AG - Key offerings
**10.6 Memmert GmbH + Co.KG
*Exhibit 53: Memmert GmbH + Co.KG - Overview
*Exhibit 54: Memmert GmbH + Co.KG - Product and service
*Exhibit 55: Memmert GmbH + Co.KG – Key news
*Exhibit 56: Memmert GmbH + Co.KG - Key offerings
**10.7 N-Biotek Inc.
*Exhibit 57: N-Biotek Inc. - Overview
*Exhibit 58: N-Biotek Inc. - Product and service
*Exhibit 59: N-Biotek Inc. - Key offerings
**10.8 NuAire Inc.
*Exhibit 60: NuAire Inc. - Overview
*Exhibit 61: NuAire Inc. - Product and service
*Exhibit 62: NuAire Inc. - Key offerings
**10.9 PHC Holdings Corp.
*Exhibit 63: PHC Holdings Corp. - Overview
*Exhibit 64: PHC Holdings Corp. - Business segments
*Exhibit 65: PHC Holdings Corp. – Key news
*Exhibit 66: PHC Holdings Corp. - Key offerings
*Exhibit 67: PHC Holdings Corp. - Segment focus
**10.10 Sartorius AG
*Exhibit 68: Sartorius AG - Overview
*Exhibit 69: Sartorius AG - Business segments
*Exhibit 70: Sartorius AG – Key news
*Exhibit 71: Sartorius AG - Key offerings
*Exhibit 72: Sartorius AG - Segment focus
**10.11 Sheldon Manufacturing Inc.
*Exhibit 73: Sheldon Manufacturing Inc. - Overview
*Exhibit 74: Sheldon Manufacturing Inc. - Product and service
*Exhibit 75: Sheldon Manufacturing Inc. - Key offerings
**10.12 Thermo Fisher Scientific Inc.
*Exhibit 76: Thermo Fisher Scientific Inc. - Overview
*Exhibit 77: Thermo Fisher Scientific Inc. - Business segments
*Exhibit 78: Thermo Fisher Scientific Inc. – Key news
*Exhibit 79: Thermo Fisher Scientific Inc. - Key offerings
*Exhibit 80: Thermo Fisher Scientific Inc. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 Objective
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 81: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 82: Research Methodology
*Exhibit 83: Validation techniques employed for market sizing
*Exhibit 84: Information sources
**11.4 List of abbreviations
*Exhibit 85: List of abbreviations
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