51-200L Segment to Dominate North America Refrigerated Incubators Market During 2021–2028

According to a new market research study on “North America Refrigerated Incubators Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 340.64 million by 2028 from US$ 234.43 million in 2021. The market is estimated to grow at a CAGR of 5.5% from 2021 to 2028. The report provides trends prevailing in the North America refrigerated incubators market along with the drivers and restraints pertaining to the market growth. Rising adoption of refrigerated incubators for research activities targeting infectious diseases and technological advancements in refrigerated incubators are the major factor driving the growth of the North America refrigerated incubators market. However, availability of alternative incubators hinders the growth of North America refrigerated incubators market.         

The North America refrigerated incubators market is segmented based on type, application, and country. Based on type, North America 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, North America 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 North America refrigerated incubators market has been segmented into the US, Canada, and Mexico.    

Amerex Instruments, Inc.; Benchmark Scientific; 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 North America 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 2022, Thermo Fisher Scientific Inc. plans to expand its Millersburg Pennsylvania facility by investing over US$ 40 million to expand its single-use technology (SUT) manufacturing facility. The expansion is part of the company’s $650 million multi-year investment, announced last year, to help ensure flexible, scalable, and reliable bioprocessing production capacity exists for critical materials used in developing new and existing biologics and vaccines, including for COVID-19.  

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