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Animal Workstations Market Trends and Forecast Analysis 2024
Animal Workstations Market Trends
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According to The Business Research Company's, 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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Market Drivers and Trends:
The increasing incidence of animal-related illnesses is expected to propel the growth of the animal workstations market going forward. Animal-related illness, also known as zoonotic diseases, refers to any disease that can be transmitted from animals to humans. These illnesses can be caused by viruses, bacteria, parasites, and fungi that are present in animals or animal products. Animal workstations are designed to provide a controlled and sterile environment for handling and working with laboratory animals, which can help prevent the transmission of zoonotic diseases. Animal workstations also provide a barrier between the animals and the researchers, which can help prevent the transmission of zoonotic diseases. For instance, in February 2023, according to the Council on Foreign Relations (CFR), a US-based independent, nonpartisan member organization, think tank, and publisher, up to 75% of newly discovered or emerging infectious diseases (EIDs) and 60% of recognized infectious diseases had zoonotic origins. Worldwide, zoonoses cause 2.7 million human fatalities and 2.5 billion episodes of disease in people each year. Therefore, the increasing incidence of animal-related illnesses is driving the growth of the animal workstations market.
Product innovation is a key trend in the animal workstations market. Major companies operating in the animal workstation market are concentrating on creating new product solutions to improve their position. For instance, in January 2022, Midmark Corp., a US-based medication corporation, launched Synthesis wall-hung cabinetry. The product has unique features, including a variety of bases and tall cabinets that attach to walls to provide animal health teams with enhanced visibility and access to supplies. The lower upper height and narrower depth of the cabinets, which improve access to storage with less reach, are the key advantages of the new range. The wall-hung cabinetry frees up floor space for better cleaning and disinfecting, allowing better wall-to-wall cleaning and disinfection in high-traffic areas and treatment spaces.
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Major Key Players of the Market:
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.
Animal Workstations Market 2024 Key Insights:
• 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%.
• Companion Animal Adoption Fuels Animal Workstations Market Growth
• Innovative Solutions Revolutionize Animal Workstations Market
• North America was the largest region in the animal workstations market in 2023
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