Market Trends of Global Refrigerated Incubators Industry
51 to 200 l Segment is Expected to Witness Significant Growth During the Forecast Period
- The 51 to 200-l refrigerated incubators comprise powerful and highly efficient portable units with an internal fan to prevent thermal layering and keep a consistent temperature. Such incubators reduce daily manual tasks and repetitive instrument operations through real-time control.
- A wide range of applications of 51 to 200 l refrigerated incubators type involves microbiological analyses, determining germ count, biological specimen cultivation above and below room temperature, and accelerating aging tests. For instance, in November 2023, the Innovation Foundation at Oklahoma State University introduced the plan for Innovation Park and its aim to expand the services with genomic analysis capabilities by efficiently storing and managing biological samples from human, plant, and animal specimens for research activities in the future. Such factors highly support the adoption of refrigerated incubators in laboratories.
- Further, refrigeration plays a significant role in biologics maintenance, which increases awareness about the significance of refrigerated incubators, including 51 to 200-l refrigerated incubators that offer highly efficient refrigeration. Hence, owing to the above factors, the adoption of these products is likely to increase among the target population, driving market growth.
- Therefore, the 51 to 200 l segment is expected to witness significant growth during the forecast period due to the abovementioned factors, including its applications in the research.
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North America is Expected to Witness Significant Growth During the Forecast Period
- North America is expected to witness significant growth during the forecast period, owing to factors such as the high burden of chronic and infectious diseases, high research investments, and the presence of leading players in the region. The region has a high prevalence of chronic and infectious diseases, requiring refrigerated incubators to maintain the optimum temperature of the therapeutic products. For instance, in November 2023, as per the data published by the Centers for Disease Control and Prevention (CDC), around 31 million people in the United States were infected with flu during 2022-2023. Further, as per the data published by the Canadian government in December 2023, over 163 laboratory-confirmed influenza outbreaks were reported in Canada from August 2023 to December 2023. These factors are expected to contribute to the growth of the market in North America.
- Furthermore, the high concentration of market players or manufacturers' presence in the region is also expected to drive the growth of the refrigerated incubators market in the country. For instance, in February 2023, PHC Corporation of North America (PHCNA) announced the launch of PHCbi brand VIP ECO SMART ultra-low temperature freezer series for use in facilities such as academic research institutes and pharmaceutical companies. These continuous product approvals in the region are anticipated to drive the country's growth in the market.
- Therefore, owing to the aforementioned factors, including the high burden of chronic and infectious diseases and the presence of leading market players, the market is anticipated to grow in North America.
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