Laboratory Microbiological Incubators Market

Global Laboratory Microbiological Incubators Market

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  • 4.9 Rating
  • 268 Pages
  • 10-08-2021
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raksha

Author :

Raksha Sharma

Vineet

Fact-checked by :

Vineet Pandey

Vishal

Editor :

Vishal Golekar

Laboratory Microbiological Incubators Market Outlook

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.

Global Laboratory Microbiological Incubators Market Key Takeaways

Laboratory Microbiological Incubators Market Dynamics

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.

Laboratory Microbiological Incubators Market Segmental Outlook

By Capacities Segment

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.

Global Laboratory Microbiological Incubators Market Capacity

By Applications Segment

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.

Global Laboratory Microbiological Incubators Market Applications

Laboratory Microbiological Incubators Market Regional Outlook

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

Global Laboratory Microbiological Incubators Market Regions

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Laboratory Microbiological Incubators Market.
  • Historical, Current and Projected Market Size in terms of Value.
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Laboratory Microbiological Incubators Market Performance

Segments

By Capacities

  • Below 200L
  • 200-400L
  • Above 400L

By Applications

  • Life Science
  • Biotechnology
  • Pharmaceutical
  • Hospital & Medical Research
  • Others

By Regions

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia (SEA)
    • Rest of Asia Pacific (APAC)
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East & Africa (MEA)

Key Market Players Profiled in the Report

  • 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.

Competitive Landscape

  • 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. These players are considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and the increasing demand for the products.
  • The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to increase their demand for laboratory microbiological incubators.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laboratory Microbiological Incubators Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Laboratory Microbiological Incubators Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Laboratory Microbiological Incubators Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Laboratory Microbiological Incubators Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Laboratory Microbiological Incubators Market Size & Forecast, 2018-2028
      4.5.1 Laboratory Microbiological Incubators Market Size and Y-o-Y Growth
      4.5.2 Laboratory Microbiological Incubators Market Absolute $ Opportunity

      4.5.2 Laboratory Microbiological Incubators Market: Impact of Key Regulations
Chapter 5 Global Laboratory Microbiological Incubators Market Analysis and Forecast By Capacity
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Capacity
      5.1.2 Basis Point Share (BPS) Analysis By Capacity
      5.1.3 Absolute $ Opportunity Assessment By Capacity
   5.2 Laboratory Microbiological Incubators Market Size Forecast By Capacity
      5.2.1 Capacity Below 200L
      5.2.2 Capacity 200L-400L
      5.2.3 Capacity Above 400L
   5.3 Market Attractiveness Analysis By Capacity
Chapter 6 Global Laboratory Microbiological Incubators Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Laboratory Microbiological Incubators Market Size Forecast By Application
      6.2.1 Life Science
      6.2.2 Biotechnology
      6.2.3 Pharmaceutical
      6.2.4 Hospital & Medical Research
      6.2.5 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Laboratory Microbiological Incubators Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Laboratory Microbiological Incubators Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Laboratory Microbiological Incubators Analysis and Forecast
   9.1 Introduction
   9.2 North America Laboratory Microbiological Incubators Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Laboratory Microbiological Incubators Market Size Forecast By Capacity
      9.6.1 Capacity Below 200L
      9.6.2 Capacity 200L-400L
      9.6.3 Capacity Above 400L
   9.7 Basis Point Share (BPS) Analysis By Capacity
   9.8 Absolute $ Opportunity Assessment By Capacity
   9.9 Market Attractiveness Analysis By Capacity
   9.10 North America Laboratory Microbiological Incubators Market Size Forecast By Application
      9.10.1 Life Science
      9.10.2 Biotechnology
      9.10.3 Pharmaceutical
      9.10.4 Hospital & Medical Research
      9.10.5 Others
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Laboratory Microbiological Incubators Analysis and Forecast
   10.1 Introduction
   10.2 Europe Laboratory Microbiological Incubators Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Laboratory Microbiological Incubators Market Size Forecast By Capacity
      10.6.1 Capacity Below 200L
      10.6.2 Capacity 200L-400L
      10.6.3 Capacity Above 400L
   10.7 Basis Point Share (BPS) Analysis By Capacity
   10.8 Absolute $ Opportunity Assessment By Capacity
   10.9 Market Attractiveness Analysis By Capacity
   10.10 Europe Laboratory Microbiological Incubators Market Size Forecast By Application
      10.10.1 Life Science
      10.10.2 Biotechnology
      10.10.3 Pharmaceutical
      10.10.4 Hospital & Medical Research
      10.10.5 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Laboratory Microbiological Incubators Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Laboratory Microbiological Incubators Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Laboratory Microbiological Incubators Market Size Forecast By Capacity
      11.6.1 Capacity Below 200L
      11.6.2 Capacity 200L-400L
      11.6.3 Capacity Above 400L
   11.7 Basis Point Share (BPS) Analysis By Capacity
   11.8 Absolute $ Opportunity Assessment By Capacity
   11.9 Market Attractiveness Analysis By Capacity
   11.10 Asia Pacific Laboratory Microbiological Incubators Market Size Forecast By Application
      11.10.1 Life Science
      11.10.2 Biotechnology
      11.10.3 Pharmaceutical
      11.10.4 Hospital & Medical Research
      11.10.5 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Laboratory Microbiological Incubators Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Laboratory Microbiological Incubators Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Laboratory Microbiological Incubators Market Size Forecast By Capacity
      12.6.1 Capacity Below 200L
      12.6.2 Capacity 200L-400L
      12.6.3 Capacity Above 400L
   12.7 Basis Point Share (BPS) Analysis By Capacity
   12.8 Absolute $ Opportunity Assessment By Capacity
   12.9 Market Attractiveness Analysis By Capacity
   12.10 Latin America Laboratory Microbiological Incubators Market Size Forecast By Application
      12.10.1 Life Science
      12.10.2 Biotechnology
      12.10.3 Pharmaceutical
      12.10.4 Hospital & Medical Research
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Laboratory Microbiological Incubators Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Laboratory Microbiological Incubators Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Laboratory Microbiological Incubators Market Size Forecast By Capacity
      13.6.1 Capacity Below 200L
      13.6.2 Capacity 200L-400L
      13.6.3 Capacity Above 400L
   13.7 Basis Point Share (BPS) Analysis By Capacity
   13.8 Absolute $ Opportunity Assessment By Capacity
   13.9 Market Attractiveness Analysis By Capacity
   13.10 Middle East & Africa (MEA) Laboratory Microbiological Incubators Market Size Forecast By Application
      13.10.1 Life Science
      13.10.2 Biotechnology
      13.10.3 Pharmaceutical
      13.10.4 Hospital & Medical Research
      13.10.5 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Laboratory Microbiological Incubators Market: Competitive Dashboard
   14.2 Global Laboratory Microbiological Incubators Market: Market Share Analysis, 2020
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 BINDER GmbH
      14.3.2 Memmert GmbH + Co.KG
      14.3.3 Esco Micro Pte. Ltd.
      14.3.4 Labstac Ltd
      14.3.5 Thermo Fisher Scientific Inc.
      14.3.6 Boekel Scientific
      14.3.7 Sheldon Manufacturing, Inc 
      14.3.8 BMT USA
      14.3.9 Andreas Hettich GmbH & Co. KG
      14.3.10 Labnet International

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FAQ Section

Some frequently asked questions about this report!

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.

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.

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.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

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.

The Laboratory Microbiological Incubators Market is anticipated to grow significantly during forecast period due to rising development in global life science industry.

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.

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.

Yes, the report covers types of amniotic membrane such as Below 200L, 200-400L, and Above 400L.

Additional company profiles can be provided on request.