Laboratory Incubators Market

Global Laboratory Incubators Market Size (2024 to 2029)

The global laboratory incubators market size is predicted to grow at a CAGR of 4.24% from 2024 to 2029.

Laboratory Incubators are used to maintain or grow microbiological cultures. Laboratory Incubators is an insulated box that maintains optimal temperature, humidity, and gaseous content following the requirement. In cell biology, these devices have special priority in experimenting on cell culture. Modern equipment comes with various features that set the temperature automatically and appropriately for the application.

MARKET DRIVERS

Increasing the focus of government and private organizations to expand laboratory incubators' applications in various fields like research, medical and industrial purposes is boosting the growth of the global laboratory incubators market. The emergence of more pharmaceutical companies worldwide is another major factor that is fuelling the growth rate of the laboratory incubators market. A rising account of research and development activities in the field of biotechnology is also fuelling the growth rate of the laboratory incubators market. Increasing demand for laboratory incubators in hospitals, research, and diagnostic centers also boosts the growth of the Global Laboratory Incubators Market.

Increasing research and developments in the biotechnology field are undoubtedly significant factors propelling the market's demand. The rise in the number of pharmaceutical companies is also accelerating the growth of the market. The rise in the healthcare centers' investments by private and public organizations is to set up growth opportunities for the market. Increasing demand for analyzing cell culture from the agriculture sector also lavishes the need for the laboratory incubators market. The growing healthcare expenditure and emerging economies of countries like the U.S, China, Canada, India, U.K, Japan, and other developed and developing countries across the world owing to technological advancements and globalization are expected to create lucrative opportunities for the market players in the world during the forecast period. The rise in account of research and development activities from private and public organizations for developing advanced laboratory incubator mechanisms and devices is likely to expand growth opportunities for the laboratory incubators market during the forecast period. Increasing demand for laboratory incubators due to the rise in the adoption of these systems in the agriculture sector provides many opportunities for the growth of the global laboratory incubators market.

MARKET RESTRAINTS

However, the primary factor limiting the growth of the global laboratory incubator market is the initial installation and maintenance costs of the laboratory incubator devices. The shortage of skilled labor to handle the systems effectively is another major factor restraining the market's growth. The cost for installation and maintenance of the devices is a little high, and this factor is slowly restricting the market demand. The lack of skilled labor to operate the systems correctly is hindering the growth of the laboratory incubators market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Laboratory Incubators Market By Product

Based on the product, the incubation/growth chambers segment dominates the market during the forecast period. It is expected to continue the trend during the forecast period due to factors such as the increasing prevalence of premature babies, the growing need for health analysis of babies due to low birth weight, and hypothermic infants. The standard incubators segment is another significant contributor to market shares and is supposed to grow rapidly during the forecast period.

Laboratory Incubators Market  By End User

Based on end-user, the hospitals and diagnostic laboratories segment is contributing the largest share of revenues to the laboratory incubators market and is likely to overgrow during the forecast period owing to the factors such as continually increasing the birth rate of premature babies in the hospitals, increasing healthcare expenditure and investments in the developing countries, the growing population of the countries like China, India, Brazil and rise in need of advanced healthcare systems. The pharmaceutical segment is contributing a significant amount of share to the global laboratory incubators market. It is foreseen to grow at a high pace due to the expansion of the pharmaceutical sector and the rise in companies worldwide. 

REGIONAL ANALYSIS

Geographically, North America leads the global Laboratory Incubators market in developing the latest equipment with advanced technologies. The Asia Pacific and Europe are following North America in dominating significant market shares with the rise in the capital income in developed and developing countries. The Middle East and Africa will have a prominent growth rate in the coming years.

KEY MARKET PLAYERS

Notable companies dominating the global laboratory incubators market profiled in this report are Bio Radlaboratories, Binder, Biotek Instruments, BMT USA, Eppendorf, Esco Global, Memmert, Panasonic, Remi Laboratory Instruments, Shanghai Yiheng, Shimadzu Corporation, Thermo Fischer Scientific, Thermolab Scientific Instruments and VWR.

RECENT MARKET HAPPENINGS

• In January 2020, Biotek Instruments created a device called Cytation7 by integrating an inverted microscope, multi-mode microplate detection, and an automated upright microscope into a single instrument. In addition, Biospa automatic incubator is combined with Cytation, which enables the automation of 8 Microplates at once.

• In July 2019, Labtwin Gmbh entered into a strategic partnership with Lab Launch and Bonneville labs. This collaborative partnership enables the company to enhance its productivity and to adopt data-driven strategies.

DETAILED SEGMENTATION OF THE GLOBAL LABORATORY INCUBATORS MARKET INCLUDED IN THIS REPORT

This research report on the global laboratory incubators market has been segmented and sub-segmented based on the product, application, end-user, and region.

By Product

• Standard Incubators
• Carbon Dioxide Incubators
• Dry Bath Incubators
• Hybridization Incubators
• Microbial Incubators
• Laboratory Bioreactors and Fermentors
• Incubation/Growth Chambers
• Refrigerated Incubators
• Other Incubators

By Application

• Medical Incubators
  • Hematology Testing
  • Microbial Testing
  • Sample Preparation
  • Other Medical Applications
• Research Incubators
• Industrial Incubators
  • Pharma-Biotech Testing
  • Food and Beverage Testing
  • Water Testing
    • Potable
    • Waste Water
  • Environmental Testing
  • Other Industrial Applications

By End User

• Hospitals and Diagnostic Laboratories
• Blood Banks, Cell Banks, Tissue Banks, IVF Clinics
• Pharmaceutical, Cosmeceutical, and Biotechnology Companies
• Food and Beverage Manufacturers
• Environmental Testing Laboratories
• Government Agencies and Organizations
• Research and Academic Institutes
• Other End-users

By Region

• North America
  • The U.S.
  • Canada
  • Rest of North America
• Europe
  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Rest of EU
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of LATAM
• Middle East
• Africa