Report : Asia-Pacific Refrigerated Incubators Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Below 50L, 51–200L, 201–750L, 751–1,500L, and Above 1,501L) and Application (Hospitals & Research and Diagnostic Laboratories, Pharmaceutical & Cosmeceutical and Biotechnology Companies, Research and Academic Institutes, and Others)
51-200L Segment to Dominate APAC Refrigerated Incubators Market During 2021–2028
According to a new market research study on “APAC Refrigerated Incubators Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 208.06 million by 2028 from US$ 126.90 million in 2021. The market is estimated to grow at a CAGR of 7.3% from 2021 to 2028. The report provides trends prevailing in the APAC refrigerated incubators market along with the drivers and restraints pertaining to the market growth. Increased adoption of refrigerated incubators and government funding targeting R&D activities and energy efficient and innovative designs of refrigerated incubators are the major factor driving the growth of the APAC refrigerated incubators market. However, availability of alternative incubators hinders the growth of APAC refrigerated incubators market.
The APAC refrigerated incubators market is segmented based on type, application, and country. Based on type, APAC refrigerated incubators market is segmented into below 50L, 51-200L, 201-750L, 751-1500L, and above 1501L. The 51-200L segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on application, APAC refrigerated incubators market is segmented into hospitals & research and diagnostic laboratories, pharmaceutical & cosmeceutical and biotechnology companies, research and academic institutes, and others. The hospitals & research and diagnostic laboratories segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the APAC refrigerated incubators market has been segmented into China, India, Japan, South Korea, Australia, and rest of APAC.
Binder GmbH; Eppendorf AG; Gilson Inc.; LEEC Ltd.; Memmert GmbH + Co. KG; PHC Holdings Corporation; Sheldon Manufacturing, Inc.; and Thermo Fisher Scientific Inc. are among the leading companies in the APAC refrigerated incubators market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Binder GmbH decided to expand its production facility by naming it COMPETENCE CAMPUS project. The first phase name, COMPETENCE FACTORY I was initiated in 2017. Following this, on October 2021, the company commenced its COMPETENCE FACTORY II. The new phase will expand the production area to 11,300 sq.m. in total.
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