Press release
Animal Workstations Global Market Share, Size, Key Players, Trends, Revenue Demand, Competitive and Regional Forecast To 2033
Animal Workstations Market
The Business Research Company presents an extensive market research report on the Animal Workstations Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The animal workstations market size has grown strongly in recent years. It will grow from $2.77 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to biomedical research initiatives, government funding for research, focus on animal welfare, genomic and proteomic studies, personalized medicine research, innovations in animal husbandry practices..
The animal workstations market size is expected to see strong growth in the next few years. It will grow to $4.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to utilization in neurological studies, advancements in laboratory animal imaging, development of automated monitoring systems, demand for high-throughput screening, utilization in stem cell research, adoption in behavioral studies.. Major trends in the forecast period include advancements in ventilation and environmental control, integration of smart technologies, modular and flexible workstation designs, increased adoption of barrier and containment systems, enhanced connectivity and data managemen, implementation of animal identification and tracking systems..
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Key Market Players:
Major companies operating in the animal workstations market report are Esco Micro Private Limited, Fisher Biotec Pty Ltd, Geneva Scientific LLC, NuAire Inc., Laboratory Equipment Company Inc., Hallowell EMC Inc., Mopec Inc., Allentown LLC, Sychem Ltd., Labconco Corporation., Colcom Inc., LABREPCO LLC, ACOMA Medical Industry Co Ltd., Mortech Manufacturing Company Inc., Midmark Corporation, DRE Veterinary a Avante Health Solutions company, Alternative Design Manufacturing & Supply Inc., Aseptic Enclosures LLC, Baker Ruskinn Ltd., Bio-Quip Products Inc., BioSAFE Engineering LLC, Clean Air Products, Deltalab, EK Industries Inc., Germfree Laboratories Inc., Gruppo Fabbri Vignola S.p.A., Harlan Laboratories Inc., Hemco Corporation, Jorgensen Labs, Ketchum Manufacturing Inc., Lab Products Inc.
Market Drivers:
The rising adoption of companion animals is expected to drive the growth of the animal workstation market. Companion animals refer to domesticated or domestic-bred animals whose physical, emotional, behavioral, and social needs are quickly addressed as housemates or near humans daily. The workstation with digital veterinary X-ray systems with a small footprint uses a conventional domestic power supply and high-end equipment that checks the animal's overall health. For instance, in 2021, according to Chewy Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US in 2021, which resulted in the highest adoption rate of 61% in the past six years. Therefore, the rising adoption of companion animals is driving the growth of the animal workstations market.
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The animal workstations market covered in this report is segmented -
1) By Equipment: Dual Access Workstation, Bedding Disposal Workstation, Single-Sided Workstation, Universal Animal Containment Workstation
2) By Animal: Small Animals, Large Animals
3) By Technology: Vented Workstations, Anesthetic Workstations, Microscope Workstations, Other Technologies
4) By End User: Veterinary Hospitals and Clinics, Research Laboratories, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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