The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Animal Workstations Global Market Report 2024, the animal workstations market is expected to show significant growth in the forecast period.

The animal workstations market has experienced a robust surge in recent years, showcasing significant growth. The market size escalated from $2.77 billion in 2023 to $3.02 billion in 2024, boasting a noteworthy Compound Annual Growth Rate (CAGR) of 9.0%. This impressive growth in the historic period is attributed to various factors that have shaped the landscape of the industry.

• Drivers of Historic Growth:
  • Biomedical research initiatives
  • Government funding for research
  • Focus on animal welfare
  • Genomic and proteomic studies
  • Personalized medicine research
  • Innovations in animal husbandry practices

Future Projections

The momentum is expected to persist, with the animal workstations market projected to reach $4.22 billion by 2028, exhibiting a CAGR of 8.7%. This anticipated growth is fueled by a myriad of factors, indicating a dynamic and evolving market.

• Forecast Growth Factors:
  • 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
• Key Trends in the Forecast Period:
  • 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 management
  • Implementation of animal identification and tracking systems

Companion Animal Adoption Boosts Market Growth

The Rise of Companion Animals

The animal workstations market is witnessing a substantial boost from the rising adoption of companion animals. These animals, integral to households and daily life, are driving the demand for workstations equipped with digital veterinary X-ray systems. Notably, the adoption rate reached 61% in the US in 2021, indicating a significant surge in the demand for companion animals.

• Market Impact:
  • Digital veterinary X-ray systems in workstations
  • Health monitoring for companion animals
  • Adoption trends contributing to market growth

Major Players in the Animal Workstations Market

An array of companies significantly contributes to the vibrant animal workstations market. Key players include Esco Micro Private Limited, Fisher Biotec Pty Ltd., Geneva Scientific LLC, NuAire Inc., Laboratory Equipment Company Inc., and others.

View More On The Animal Workstations Market Report 2024 – https://www.thebusinessresearchcompany.com/report/animal-workstations-global-market-report

Innovations Driving Market Evolution

Midmark Corp.’s Synthesis Wall-Hung Cabinetry

Innovation is a cornerstone of the animal workstations market, with companies focusing on creating solutions that elevate their positions. A prime example is Midmark Corp.’s launch of Synthesis wall-hung cabinetry in January 2022. This product, featuring unique attributes, enhances visibility and access to supplies for animal health teams. The lower upper height and narrower depth offer improved access to storage, promoting efficient use of space.

• Product Highlights:
  • Synthesis wall-hung cabinetry by Midmark Corp.
  • Enhanced visibility and access to supplies
  • Improved storage access with less reach

Strategic Acquisition: Allentown LLC

Aterian Investment Partners’ Move

In May 2022, Aterian Investment Partners made a significant move by acquiring Allentown LLC for $830 million. This strategic acquisition in the biomedical research and life sciences equipment space positions Aterian for success. Allentown LLC, a player in the animal workstations market, stands to benefit from Aterian’s investment, facilitating its expansion strategy.

• Strategic Acquisition:
  • Aterian Investment Partners acquires Allentown LLC
  • Biomedical research and life sciences equipment space
  • Expansion strategy for Allentown LLC

Market Segmentation

The animal workstations market is segmented based on various criteria, offering a comprehensive understanding of its diverse dynamics.

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

Regional Landscape

North America claimed the largest share in the animal workstations market in 2023, while Asia-Pacific is poised to emerge as the fastest-growing region during the forecast period.

In conclusion, the animal workstations market showcases a compelling journey of growth, driven by a confluence of factors such as technological advancements, market innovations, and strategic industry dynamics. As the market continues to evolve, stakeholders must remain agile to harness emerging opportunities and contribute to the dynamic landscape of this vital sector.

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