The global Laboratory Microbiological Incubators Market was valued at USD 252.7Million in 2020 and is projected to reach USD 397.7Million by 2028, expanding at a CAGR of 6.1% during the forecast period. Microbiological incubators are 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. The viability of the research is ensured by these standard incubators, which provide long-term, optimum performance with increased temperature uniformity and stability. By managing parameters such as temperature, humid, and carbon dioxide, laboratory incubators provide a regulated, microbe environment for safe, dependable work with cell and tissue cultures. Microbiological incubators are utilized for the growth and storage of bacterial cultures.
Rising government expenditure in the research sector of pharmaceutical and biopharmaceutical segment is anticipated to propel the laboratory microbiological incubator market. Governments of several countries are heavily investing in research and development in the pharmaceutical sector, which is expected to drive the global microbiological incubator market. Many countries are taking different initiatives for generating awareness about the use of incubators among end-users, which in turn, is boosting the market. Governments of developing countries are focusing on increasing their expenses for expanding the applications of laboratory incubators in different fields, which is expected to fuel the market.
Technological development in laboratory microbiological incubators is projected to fuel the market. Major market players are increase their expenditure for the purpose of development of innovative methods and novel products, which is expected to propel the global microbiological incubator market during the forecast period. Increasing number of pharmaceutical companies is projected to boost the market. Additionally, rising research activities in biotechnology is responsible for the growth of the market. Several biopharmaceutical and pharmaceutical companies are focusing on providing optimal solutions for storing and growing bacterial culture in many applications.
High installation cost and maintenance cost of incubators is responsible for high growth of the laboratory microbiological incubator market in the coming years. High preservation cost is projected to hamper the market growth during the forecast period. Shortage of skilled labor for handling the system effectively is another factor responsible for hindering the growth of the market over the forecast period. Initial installation of laboratory incubator equipment is expensive, which is estimated to restrain the growth of the market. Lack of skilled technical employees to operate the system is impeding the growth of the market.
Rising awareness about the use of laboratory microbiological incubators among end-users is projected to fuel the market. Various applications of microbiological incubators in many sectors such as neuroscience, tissue engineering, cancer research, and embryonic cell research is promoting the growth of the market in the coming years. Growing development of product for preventing cells and tissues from damage is projected to drive the market. Increasing demand for analyzing cell culture in the agricultural sector fuels the need and use of laboratory microbiological incubators in the market over the forecast period.
On the basis of capacities, the global laboratory microbiological incubators market is segmented into below 200L, 200L-400L, and above 400L. 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. The 200L-400L segment accounted for a significant share of the market, due to biological oxygen demand determination and other applications such as general incubators, serum studies, and enzyme assays test.
On the basis of applications, the global laboratory microbiological incubators market is segmented into life science, biotechnology, pharmaceutical, hospital & medical research, and others. Increased tests in veterinary medicine boosts pharmaceutical applications and this segment is expected to grow at a rapid pace during the forecast period. The life science segment is expected to hold a substantial share of the market, owing to its increasing use in laboratories worldwide for performing membrane hybridizations in laboratory microbiological incubators. In biotechnology, laboratory microbiological incubators are used in research laboratories, knowledge-based service centers, and utility generation facilities. Incubators are mainly designed for development and to scale up bio processes and technologies.
Based on regions, the global laboratory microbiological incubators market is fragmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America accounted for a significant share of the market in 2020 and the market in Asia Pacific is anticipated to expand at high CAGR in the forecast period of 2021 to 2028. Increasing awareness among the end-users is expected to supplement the growth of the laboratory microbiological incubators market in the near future. Demand for laboratory incubators is expected to considerably increase in the market in regions such as Latin America and the Middle East & Africa during the forecast period.
The US is projected to hold a large share of the global laboratory microbiological incubator market, due to significant distribution by government for research and development of various drugs, awareness about advanced technology, and high demand for the product in the country. The market in Canada is expected to grow at a significant pace. This growth is attributed to the well-developed healthcare industry and presence of major laboratory microbiological incubator manufacturers in this country
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers types of amniotic membrane such as Below 200L, 200-400L, and Above 400L.
According to this growth market reports report, the market from Laboratory Microbiological Incubators Market is likely to register a CAGR of 6.1% during forecast period 2020-2027, with an anticipated valuation of USD 397.7million by the end of the 2028.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2020), other data such Macro-economic factors, COVID-19 Impact on the Laboratory Microbiological Incubators Market is available in final report.
The Laboratory Microbiological Incubators Market is anticipated to grow significantly during forecast period due to rising development in global life science industry.
Increasing initiatives for research activities by the pharmaceutical and biopharmaceutical industry and rising adoption of laboratory microbiological incubators across different industries is expected to further fuel the market over the forecast period.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness considerable growth in terms of demand during 2020-2021 owing to the impact of COVID-19 pandemic on the Laboratory Microbiological Incubators Market.
The base year considered for the global laboratory microbiological incubators market report is 2019. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years and the forecast is provided from 2021 to 2028.
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.
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