Global Incubators Market Gains Impetus from Increased R&D Activities in Biotechnology and Microbiology
According to a new study by Transparency Market Research (TMR) on the global market for incubators, the increased research and development activities in the fields of biotechnology and microbiology, specifically genetics, have fueled the demand for incubators significantly in the global market.The research report, titled “Incubators Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” presents a complete overview of the worldwide incubators market by analyzing the growth drivers, restrictions, market trends, opportunities, and the future prospects of this market.
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An incubator can be defined as a device that provides a suitable temperature and environment for expediting the growth of an organism. Medically, these devices are utilized to provide an appropriate environment for patients suffering from hypothermia as well as for the growth of infants and newborn animals.
In this research study, the global market for incubators has been analyzed on the basis of its regional spread and the type of incubator. Based on the type of incubator, the market has been classified into neonatal incubators, microbiological incubators, and hatching incubators.
On the regional basis, the report classifies the worldwide incubators market into North America, Asia Pacific, Europe, and the Rest of the World. Asia Pacific has led the overall market over the last few years and is closely followed by North America and Europe. However, North America has emerged as the biggest market for advanced neonatal incubators and is likely to maintain its position throughout the forecast period. Europe is also expected to exhibit significant growth in this segment in the coming years, notes the research study.
In terms of sales, Asia Pacific and the Rest of the World are witnessing the fastest growth among all regional incubators markets. Analysts state that the latest trend of shifting towards technically advanced incubators is facilitating this growth. Further, they anticipate the presence of a number of manufacturers in Asia Pacific to support this regional market over the forecast period.
The report also studies the competitive landscape prevalent in the global market for incubators by profiling the major manufacturers of incubators across the world. According to the study, Natus Medical Inc., GE Healthcare, Memmert GmbH, Phoenix Medical Systems (P) Ltd., and Drägerwerk AG & Co. KGaA are the major international manufacturers of neonatal incubators.
DRE Medical Inc., BMT Medical Technology, and ThermoCare Ltd. are the key manufacturers of neonatal animal incubators and Thermo Fisher Scientific Inc., Panasonic Healthcare Co. Ltd., Andreas Hettich GmbH & Co. KG, and VWR International Ltd. are the prime manufacturers of microbiological and hatching incubators in the global market.
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