According to a recent market study published by Growth Market Reports, titled, "Global Laboratory Microbiological Incubators Market by capacities, applications, and by countries: Size, Share, Trends and Opportunity Analysis, 2018-2028", the market was valued at USD 252.7 Million in 2020 and is expected to grow at a healthy growth rate of 397.7 by the year 2028. Microbiological incubators are common heat-only laboratory tools used to cultivate and store bacterial cultures in a range of scientific applications.

Microbiological incubators have a compact size, making them appropriate for customized work areas or overcrowded labs with limited sample volumes. Demand for laboratory incubators is increasing, owing to rising adoption of these systems in the agricultural sector. Laboratory microbiological incubators are used in agriculture for analyzing cell culture. Additionally, rising application of incubators in hospitals, research, and diagnostic centers are expected to propel the demand for these incubators during the forecast period. Growing requirement of laboratory microbiological incubators for different applications is fueling the market.

Global Laboratory Microbiological Incubators market has been fragmented based on capacity, application and by regions. In terms of capacity, the global Laboratory Microbiological Incubators market is categorized as below 200l, 200-400l, above 400l. In terms of applications, the market is classified as life science, biotechnology, pharmaceutical, hospital & medical research, and others. By region Laboratory Microbiological Incubators Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

North America region is further bifurcated into countries such as the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, the Asia Pacific is further segmented into, China, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia Pacific. The European region is further categorized into Germany, France, Italy, the U.K., Spain, Russia, and the Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and the Rest of MEA.

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The effect of COVID-19 pandemic situation has led to the closure of several non-essential businesses reducing the demand for industrial goods in the world, which in turn, is affecting several industries worldwide. The COVID-19 pandemic has positively affected the activities across laboratory microbiological incubators related processes globally, the demand for laboratory microbiological incubators increased throughout the pandemic. As the industries using laboratory microbiological incubators such as Hospital & Medical Research, and Pharmaceutical were involved in research related to covid-19. The market is expected to gain traction from 2nd and 3rd quarter of 2021.

As per growth market reports industry analyst Sakshi Bhoyar, “The increasing demand for advance medicine and rising popularity of laboratory microbiological incubators in sectors such as agriculture and food technology are anticipated to drive the growth of laboratory microbiological incubators market significantly.

Key Takeaways from the Study

  • The under 200L segment accounted for a significant share of the market in past years, owing to increasing biological analysis, research, and laboratory applications. Incubation of hydroxyl steroids, crystallization, microbiological determination, reproduction of germ colonies, and subsequent determination of biochemical oxygen demand contributes to the growth of the under 200l segment.
  • Research and development activities and developing economies are expected to fuel the global demand for laboratory microbiological incubators during the forecast period. Increasing focus on technological innovations is anticipated to boost the laboratory microbiological incubators market on a global scale. Rapid expansion of the market in Asia Pacific is attributed to growing number of R&D facilities in both pharmaceutical and biomedical sectors. Many research institutes have been relocated to countries such as Singapore, India, and South Korea, thereby increasing the demand for incubators.
  • Laboratory microbiological incubators are widely used in pharmaceutical industries. It is used to cultivate and store bacterial cultures in a range of scientific applications. These incubators are used in pharmaceutical industries, as they help to create ideal culturing requirements for cell cultures.

Report Scope

Report Metric

Details

Market Value in 2020

USD 252.7Million

Market Growth Rate (from 2022 to 2028)

6.1%

Historical Data

2018 & 2028

Base Year

2020

Forecast Period

2021 – 2028

Market Segments

Capacities, Application

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, Italy, U.K., Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE and Rest of MEA.

Key Companies Profiled

BINDER GmbH, Memmert GmbH + Co.KG, Esco Micro Pte. Ltd., Labstac Ltd, Thermo Fisher Scientific Inc., Boekel Scientific, Sheldon Manufacturing, Inc, BMT USA, Andreas Hettich GmbH & Co. KG, Labnet International

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Laboratory Microbiological Incubators manufacturers, and suppliers.
  • Demand Side: Life Science industry, Biotechnology, Pharmaceutical, Hospital & Medical Research.
  • Associations and Industry Bodies: National Regulatory Authorities (NRA), Food and Drug Administration (FDA), World Health Organization (WHO), Public Health Service (PHS), Center for Biologics Evaluation and Research (CBER), Centers for Disease Control and Prevention (CDC), National Institutes of Health (NIH), International Organization for Standardization (ISO).