The Animal Workstations Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Animal Workstations Global Market Report 2024, 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.
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
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.
The animal workstations market report table of contents includes:
1. Executive Summary
2. Animal Workstations Market Characteristics
3. Animal Workstations Market Trends And Strategies
4. Animal Workstations Market – Macro Economic Scenario
5. Global Animal Workstations Market Size and Growth
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26. South America Animal Workstations Market
27. Brazil Animal Workstations Market
28. Middle East Animal Workstations Market
29. Africa Animal Workstations Market
30. Animal Workstations Market Competitive Landscape And Company Profiles
Top Major Players:
- Esco Micro Private Limited
- Fisher Biotec Pty Ltd
- Geneva Scientific LLC
- NuAire Inc
- Laboratory Equipment Company Inc
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