Refrigerator Incubators Market

Refrigerator Incubators Market

Refrigerator Incubator Market to Reach USD 1204 million by 2032, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services

New York, March 2023: According to a new research study by Global Insight Services (GIS), the global Refrigerator Incubator market is expected to grow rapidly over the next 10 years to reach a value of more than USD 1204 million by 2032.

Refrigerator incubators are used to provide a constant cold temperature environment to promote or prevent the growth of cells, tissue cultures, and other biological samples. The incubators are ideal for various applications such as BOD determinations, plant and insect studies, fermentation studies, bacterial cultures, water pollution testing, and enzyme digestion studies.

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Refrigerator Incubator Market: Key Trends and Drivers

Sales of refrigerated incubators are anticipated to increase during the forecast period as a result of technological advancements and current market trends, including password-protected settings, door opening alarms, auto decontamination cycles, self-calibration, pre-set alarms, over-temperature alarms, and thermostats, as well as safe, reproducible incubation even at high ambient temperatures.

Refrigerator Incubator Market: Restraints and Challenges

The availability of alternative incubators in the market is anticipated to hinder the growth of the market.

Refrigerator Incubator Market Report Findings

The 51L-200L is anticipated to dominate the market during the forecast period

Based on the type, it is segmented into 50L, 51L-200L, 201-750L, 751-1500L, and Above 1501L The 51L-200L is anticipated to dominate the market during the forecast period. Powerful and incredibly effective portable equipment, 51-200L refrigerated incubators have an internal blower to prevent thermal layering and maintain a constant temperature. Through real-time control, such incubators lessen everyday physical labour and repetitive actions on the equipment. Applications for 51-200L refrigerated incubators include accelerating ageing tests, determining germ count, growing biological specimens above and below room temperature, and performing microbiological analysis.

The hospital application segment is anticipated to dominate the market during the forecast period

Based on the application, it is segmented into hospitals, research laboratories & academic institutes, pharmaceutical & biotechnology companies, others. The hospital application segment is anticipated to dominate the market during the forecast period. The growing demand for technologically advanced products in developed and developing economies is boosting the growth of the segment.

The North America region is anticipated to dominate the market during the forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America region is anticipated to dominate the market during the forecast period. Due to factors such the rising incidence of infectious diseases, the growing geriatric population, and the rising number of product approvals, North America is predicted to lead the market. The number of Americans 65 and older, for instance, is projected to nearly double from 52 million in 2018 to 95 million by 2060, according to the Bureau’s Population Bulletin (PBA), and the total percentage of the population will rise from 16 percent to 23 percent. The older population is more susceptible to infectious diseases, according to data from the Centers for Disease Control and Prevention that were released in October 2021. The 2019–2020 flu season was characterised by 35 million flu-related illnesses, 380,000 flu-related hospitalizations, 20,000 flu-related fatalities, and 16 million flu-related doctor visits.

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Competitive Landscape

The key players studied in the report are Binder GmbH, Thermo Fisher Scientific, PHC Holdings Corporation, Eppendorf AG, Amerex Instruments, Inc., Sheldon Manufacturing, Inc., LEEC Ltd., Memmert GmbH + Co. KG, Benchmark Scientific, and Gilson, Inc., among others.

Refrigerator Incubator Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Refrigerator Incubator market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Refrigerator Incubator market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Refrigerator Incubator market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Refrigerator Incubator industry.

Global Refrigerator Incubator Market Segmentation

By Type

  • 50L
  • 51L-200L
  • 201L-750L
  • 751L-1500L
  • Above 1501L

By Application

  • Hospitals
  • Research Laboratories & Academic Institutes
  • Pharmaceutical & Biotechnology Companies
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players