South America Refrigerated Incubators Market is expected to reach US$ 40.36 million by 2028

51-200L Segment is Expected to be Fastest Growing During Forecast Period for SAM Region

According to a new market research study on “SAM Refrigerated Incubators Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 40.36 million by 2028 from US$ 31.09 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The report provides trends prevailing in the SAM refrigerated incubators market along with the drivers and restraints pertaining to the market growth. The activities and energy efficient and innovative designs of refrigerated incubators and increased adoption of refrigerated incubators and government funding targeting R&D are the major factor driving the growth of the SAM refrigerated incubators market. However, availability of alternative incubators hinders the growth of SAM refrigerated incubators market.           

The SAM refrigerated incubators market is segmented based on type, application, and country. Based on type, SAM 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, SAM 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 SAM refrigerated incubators market has been segmented into Brazil. Argentina, and rest of SAM.    

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 SAM 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, Memmert expanded its Peltier-cooled incubators IPPeco of 1400L and 2200L incubator line by increasing its temperature range from +15 to +60°C to the new 0 to +70°C to provide better operational flexibility.  

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