The outbreak of infectious diseases can cause various economic and social risks. During the pandemics and epidemics (whether naturally occurring or human-initiated), the costs associated with the health system related to medical treatment and outbreak control are high. For example, the expected per annum cost of the influenza pandemic created a significant cost burden on the healthcare system, accounting for ~US$ 500 billion as per the estimates by Frontiers S.A. report. Several countries across the region have focused on research and development activities to control the drastic impact of infectious diseases on the economy. The Public Library of Science (PLOS) report states that accurate results from public health laboratories are dependent on specimens arriving in good conditions. Many specimens shipped from the collection site to the testing laboratory facility must be maintained at refrigeration temperatures (between 20C and 800C) for specimen stability. Therefore, keeping specimens at the appropriate temperature is critical for laboratory sample integrity and testing results, especially in cases where the cold temperature is required. The Frontiers S.A. report states that bloodstream infections (BSI) substantially impact morbidity and mortality. For example, it is estimated that the mortality due to nontyphoidal Salmonella BSI among children under age 5 is higher that it is due to malaria. Therefore, an accurate diagnosis of such life-threatening infections is highly required. So, laboratory processing of blood culture can be done successfully without enormous costs and complicated equipment. For example, incubation and growth monitoring automation has become the standard in high-income countries (HICs). The collection of blood for blood culture is a vital step in the process due to blood culture sensitivity and volume sampled. Such aforementioned factors support the high adoption of refrigerated incubators intended for research purposes on a large scale in the future, thereby driving the market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America refrigerated incubators market in the coming years. The market is expected to grow at a good CAGR during the forecast period.
North America Refrigerated Incubators Market Segmentation
The North America refrigerated incubators market is segmented on the basis of type, application, and country. Based on type, the market is segmented into below 50L, 51–200L, 201–750L, 751–1,500L, and above 1,501L. The 51–200L segment dominated the market in 2020. Also, the market for the same segment is expected to grow at the fastest rate during the forecast period. Based on application, the 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 the market for the same segment is expected to grow at the fastest rate during the forecast period. Based on country, the market is 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 234.43 Million |
| Market Size by 2028 | US$ 340.64 Million |
| CAGR (2021 - 2028) | 5.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Refrigerated Incubators Market is valued at US$ 234.43 Million in 2021, it is projected to reach US$ 340.64 Million by 2028.
As per our report North America Refrigerated Incubators Market, the market size is valued at US$ 234.43 Million in 2021, projecting it to reach US$ 340.64 Million by 2028. This translates to a CAGR of approximately 5.5% during the forecast period.
The North America Refrigerated Incubators Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Refrigerated Incubators Market report:
The North America Refrigerated Incubators Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Refrigerated Incubators Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Refrigerated Incubators Market value chain can benefit from the information contained in a comprehensive market report.
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