The cell culture incubator market is on track for substantial expansion, with a projected value of USD 2,315.5 million in 2023. Over the next decade, the market is expected to double in value, reaching an impressive USD 4,305.1 million by 2033. This growth will be driven by a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period, building upon a solid foundation of 5.6% CAGR observed from 2018 to 2022.
Cell culture incubators play a critical role in scientific research, pharmaceutical development, and biotechnology applications, providing controlled environments for cell growth, maintenance, and experimentation. As the demand for cell-based research and biopharmaceutical production continues to rise, the market for cell culture incubators is experiencing robust growth.
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Bacteria and cell cultures are kept growing inside a chamber at carefully regulated temperature, humidity, pH, and CO2 concentration by a device called a cell culture incubator. The demand for more vaccines based on cell culture and its subsequent approvals are fueling the market for cell culture incubators. The rising prevalence of chronic illnesses and the growing need for monoclonal antibodies are predicted to drive growth in the target market.
A specialized scientific tool for the meticulously regulated development and preservation of cells is a tissue culture incubator. To promote the ideal conditions for cell formation and proliferation, it offers stable settings with regulated temperature, humidity, and gas concentrations.
Market Competition:
The key players of this market include Thermo Fisher Scientific Inc, Memmert GmbH + Co.KG, Binder GmbH, Panasonic, BioIVT, Sheldon Manufacturing, Inc.
- Thermo Fisher Scientific Inc. announced in June 2021 that the company’s Thermo Scientific Cytomat 24 automated incubators and storage systems are combined with the latest technology to aid increased throughput and sample protection. The new Cytomat 24 automated incubators and storage systems from Thermo Fisher Scientific, which will be available in May 2021, provide a large capacity, quick access, and a wide temperature range while minimizing contamination difficulties in high-throughput applications. The new instruments use temperature consistency and stability to assure reproducibility for cell culture applications, while also providing speedy delivery of microtiter plates via an enhanced plate shuttle system, according to a press release issued by Thermo Fisher on May 14, 2021. The system also incorporates an LED touch screen that is installed on the door for easy access and viewing.
- BioIVT released its GMP Grade Human AB Serum tailored for gene therapy manufacturing in January 2022. BioIVT’s GMP-grade human AB serum is manufactured with the same optimized processes and improved regulatory control of source material collection, manufacturing, and processing as its research-use only material. However, it also includes extra viral tests and documentation for hepatitis A (plasma-derived only), hepatitis B core antibody, hepatitis E, and parvovirus B19 (plasma-derived only).
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Key Segments Profiled In The Cell Culture Incubator Industry Survey:
By Type:
- Air-jacketed
- Water-jacketed
- Direct Heat
By Sensor Technology:
- Infra-red
- Thermal Conductivity
By Application:
- For Pharmaceutical Applications
- For Biomedical and Clinical Labs
- For Government Research
- For IVF Processes
- For Other Applications
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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