Cell and Tissue Culture Incubators Market Trends

  • Report ID: 4050
  • Published Date: Apr 25, 2023
  • Report Format: PDF, PPT

Cell and Tissue Culture Incubators Market Trends

Growth Drivers

  • Growing Pharmaceutical Sector – On account of the expanding pharmaceutical industry, the need for cell and tissue culture incubators is expected to rise, as incubators are a necessary piece of equipment for pharmaceutical research and development. Globally, the pharmaceutical industry in India is valued at over USD 40 billion. The Indian pharmaceutical market expanded by 17% yearly in 2021.
  • Rising Geriatric Population – Owing to the necessity for research and drug development in age-related disorders as well as the expanding interest in regenerative medicine, the need for cell and tissue culture incubators is projected to increase as the older population grows. Lately over 8 % of the world's population, is over the age of 65. This number is anticipated to increase to over 15% of the global population by 2050.
  • Increasing Health Spending – Probably, the need for cell and tissue culture incubators to assist the research will increase owing to an increase in health spending across the globe. According to the most recent expenditure data, in 2021, health spending in the US increased by over 2%.
  • Growing Drug Development – It is expected that more cell and tissue culture incubators might be required as new medications are created and made available, which is anticipated to drive market growth. According to statistics, the top 20 pharmaceutical corporations around the globe invest over USD 50 billion annually in medication development.

Challenges

  • Potential for a Critical Error- The possibility of errors is one of the major factors predicted to slow down the market growth. For instance, the growth and viability of cell and tissue cultures can be impacted by changes in temperature, humidity, and other environmental conditions.  In addition, critical errors can also affect the integrity of experimental findings and result in erroneous inferences, both of which can be detrimental to the research project.
  • High Price of Incubators
  • Standardization Issues in High-Volume Production

Cell and Tissue Culture Incubators Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~7%

Base Year Market Size (2022)

~ USD 3 Billion

Forecast Year Market Size (2035)

~ USD 5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 4050
  • Published Date: Apr 25, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising geriatric population and the growing drug development are the major factors driving the market growth.

The market size of cell and tissue culture incubators is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023-2035.

High price of incubators and the potential for a critical error are estimated to be the growth-hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Thermo Fisher Scientific Inc., Bionics Scientific Technologies (P) Ltd., BioSpherix, Ltd, Adolf Kühner AG, Acmas Technologies Inc., Cole-Parmer Instrument Company, LLC, Sheldon Manufacturing, Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, end-user, and by region.

The IVF Centers segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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