Animal Workstations Market Forecast 2023-2027 By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s animal workstations market report forecasts the animal workstations market size to grow to $3.83 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.
Learn More On The Animal Workstations Market Report 2023 – https://www.thebusinessresearchcompany.com/report/animal-workstations-global-market-report
Animal Workstations Market Size Forecast
The global animal workstations market is expected to grow from $2.80 billion in 2022 to $2.80 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The animal workstation market size is expected to grow to $3.83 billion in 2027 at a CAGR of 8.2%.
North America held the largest animal workstations market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Animal Workstations Market Driver – Rise In Adoption Of Companion Animals
For instance, in November 2021, according to the American Veterinary Medical Association (AVMA), a US-based non-profit association that works in veterinary health, approximately 45% of households owned dogs, whereas 56% of households owned cats in the year 2020. Therefore, the rising adoption of companion animals is driving the growth of the animal workstation market.
Request for A Sample Of The Global Animal Workstations Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8006&type=smp
Key Animal Workstations Market Trend – Product Innovation
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.
Animal Workstations Market Segment
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
Animal Workstations Market Major Players and Strategies
Major players in the animal workstations market are Esco Micro Private Limited, Fisher Biotec, Geneva Scientific, Nuaire, Laboratory Equipment Company, Hallowell EMC, Mopec, Allentown LLC, Sychem Ltd., Labconco, Colcom Inc., LABREPCO, ACOMA Medical Industry Co. Ltd., Mortech Manufacturing Company Inc., Midmark Corporation, and DRE Veterinary.
In May 2022, Aterian Investment Partners, a US-based investment management firm, acquired Allentown LLC for $830 million. With the acquisition of Allentown, Aterian successfully invested in a company with biomedical research and life sciences equipment space. The acquisition is intended to assist Allentown in carrying out its expansion strategy, which involves numerous practical aspects. Allentown LLC is a US-based company operating animal workstations.
The Animal Workstations Global Market Report 2023 covers regional data on animal workstations market size, animal workstations market trends and drivers, opportunities, strategies, and animal workstations market competitor analysis. The countries covered in the animal workstations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Animal workstation refers to the platform crucial in protecting the user and the surrounding area when handling animals for clinical research. The cabinet provides a downflow of filtered air to protect the experiment.
View More Reports Related To The Animal Workstations Market –
Animal Growth Promoters And Performance Enhancers Global Market Report 2023
Animal Medicine Global Market Report 2023
Animal Hospitals And Veterinary Clinics Global Market Report 2023
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: