The global carbon dioxide incubators market is expected to reach to US$ 238.95 Mn in 2027 from US$ 129.16 Mn in 2018.
According to The Insight Partners market research study titled ‘Carbon Dioxide Incubators Market to 2027 – Global Analysis and Forecasts by Product, Application, Capacity, and Geography. The global carbon dioxide incubators market is expected to reach to US$ 238.95 Mn in 2027 from US$ 129.16 Mn in 2018. The market is estimated to grow with a CAGR of 7.1% from 2019-2027. The report highlights the trends prevalent in the global carbon dioxide incubators market and the factors driving the market along with those that act as challenges to its growth.
Asia Pacific is the fastest growing geographic market and the growth of the carbon dioxide incubators market in this region is primarily due to the factors leading the growth of the carbon dioxide incubators market in these countries are the rising development of carbon dioxide incubator technology, the rising number of players operating across the country, and rise in the development of the healthcare system. In addition, countries such as Australia, India, and South Korea are estimated to provide various growth opportunities due to the rising development in the healthcare industry and rising healthcare expenditures.
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Carbon Dioxide Incubators Market Competitive Landscape and Key Development
The major players operating in the Carbon Dioxide Incubators market include, PHC Holdings Corporation., Thermo Fisher Scientific, Eppendorf AG, Sheldon Manufacturing Inc., Binder GmbH, Memmert GmbH Co.KG, Bellco Glass Inc., LEEC Ltd, Shanghai Boxun Medical Biological Instrument Corp., NuAire, among the others. The market has carried out various organic growth strategies in the market. The organic strategies were conducted majorly and these strategies have assisted in strengthening their product offering in the market.
Rising Adoption of in vitro fertilization
In vitro fertilization (IVF) refers to a complex series of procedures that help with fertility and prevent genetic problems while assisting with the conception of a child. The in vitro fertilization is considered to be the most effective form of assisted reproductive technology. Human reproduction research has been fraught with both ethical and scientific challenges that initially created obstacles for the development of treatments addressing infertility. However, with evolving advancements in science and technology, today, IVF accounts for millions of birth around the world, while contributing 1-3% patient birth in the US and Europe. ESHRE collected the national registry data of assisted-reproductive technology (ART) cycles performed in Europe since 1997 and for its latest survey for 2015 reported 119,875 treatment cycles to be completed in Spain.
Researchers, government institutes, and clinicians recognize the need for adoption of a more value-based healthcare system that aims to support population health. In vitro fertilization (IVF) describes a crucial method of artificial fertilization mainly used in human reproductive medicine. The application of IVF aims to fuse an egg and sperm cell in a petri dish along within a cell culture medium. The human embryos begin to fertilize and develop in controlled factors in a carbon dioxide incubator, before its transplantation into the uterus after two to three days. The incubators play a vital role in the success of an IVF. The carbon dioxide incubators generate a constant and optimal environment for embryo cultures, which are the basis for right embryo culture conditions.
Initiatives by Government to Encourage In Vitro Fertilization
Sub-fertility and infertility are known to affect a significant population of humanity. Infertility is known to be a “disease of the reproductive system” that results in disability. According to the World Health Organization, over 10% of women are inflicted across the globe with unsuccessful trials. Despite high burden of infertility, the needs of couples are not being addressed and found to be strikingly low among the lower resource areas. However, the governments from developed as well as developing nations are implementing strategies and undertaking initiatives to resolve infertility issues as well as promote awareness and lead to more advanced innovations.
Carbon Dioxide Incubators Market: Segmental Overview
The global carbon dioxide incubators market by product segments was led by water jacketed carbon dioxide incubators. In 2018, the water jacketed carbon dioxide incubators accounted for the largest market share in the global carbon dioxide incubators market. The growth of water jacketed carbon dioxide incubators is expected to grow due to its ability to maintaining temperature uniformity and good insulation and heat retention in the event of long power failure. Also it is estimated to mark the highest CAGR in the market during the forecast period.
Organic growth strategies were observed in global carbon dioxide incubators industry. The organic strategies which were conducted more compared to the inorganic strategies for the carbon dioxide incubators. For instance, in October 2019, Binder GmbH brought in a new feature called CO2 fail-safe function. The advantage of the fail-safe function is that in the event of a sensor failure, the CO2 concentration is maintained in a range that enables the cell cultures to survive.
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