Report : Europe 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)
Hospitals & Research and Diagnostic Laboratories Segment to Dominate Europe Refrigerated Incubators Market During 2021–2028
According to a new market research study on “Europe Refrigerated Incubators Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 214.30 million by 2028 from US$ 153.74 million in 2021. The market is estimated to grow at a CAGR of 4.9% from 2021 to 2028. The report provides trends prevailing in the Europe refrigerated incubators market along with the drivers and restraints pertaining to the market growth. Technological advancements in refrigerated incubators and rising adoption of refrigerated incubators for research activities targeting infectious diseases are the major factor driving the growth of the Europe refrigerated incubators market. However, availability of alternative incubators hinders the growth of Europe refrigerated incubators market.
The Europe refrigerated incubators market is segmented based on type, application, and country. Based on type, Europe 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, Europe 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 Europe refrigerated incubators market has been segmented into the UK, Spain, France, Germany, Italy, and rest of Europe.
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 Europe 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 2019, Gilson Inc. announced the launch of a new benchtop instrumentation product line offering mixing, temperature control, and centrifugation of samples. The instruments feature advanced technologies that improve lab productivity and save valuable time. The initial benchtop offering included the CENTRY 101 Plate Centrifuge, the CENTRY 117 Microcentrifuge, the Digital Mini Incubator, the Digital Drybath series, the Mini Vortex, the Vortex Mixer, the Digital Hotplate Stirrer, and the Roto-Mini Plus.
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