Animal Workstations Market Growth & Trends

The global animal workstations market size is anticipated to reach USD 2.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 5.6% from 2022 to 2030. The key factors driving the market growth include the increasing use of animal workstations for human health research activities. Furthermore, the growing technological advancements coupled with various research activities related to animal health are also anticipated to positively influence the market growth.

The COVID-19 pandemic led to various research activities for the identification of the cause of the pandemic as well as to develop healthcare solutions for curbing the spread of the virus. This led to an increase in the adoption of animal workstations at various research laboratories. Also, many research institutes diverted their focus on the pandemic. Hence, the overall impact of the pandemic on the market was neutral.

Laboratory animals form a critical component in various research institutes. They may contaminate the environment as well as contract allergic reactions. This poses a threat to the health of laboratory technicians handling the animals. The product demand is rapidly increasing as they allow to practice safe and contamination-free laboratory practices. Therefore, growing awareness regarding the product’s importance is expected to boost the market growth.

Market players are investing in many strategic initiatives, such as acquisitions, mergers, partnerships, and product launches, to maintain a competitive edge. For instance, in January 2021, Nuaire acquired a new site in South Wales as a new manufacturing site. The company signaled confidence in its future growth and announced the acquisition of its new manufacturing site, enabling the award-winning and respected business to double its current manufacturing capacity.

Animal Workstations Market Report Highlights

  • The anesthesia workstations segment led the market in 2021 owing to wide usage of this equipment, while the others segment is anticipated to grow at the fastest CAGR over the forecast period
  • The large animal type segment is anticipated to witness the fastest CAGR during the forecast period owing to the growing technological advancements for research on large animals
  • The human research application segment led the market in 2021 owing to the high product adoption for carrying out human research studies
  • The research laboratories end-user segment dominated the market in 2021. However, the veterinary hospitals & clinics segment will register the fastest CAGR from 2022 to 2030
  • North America held the maximum revenue share in 2021 owing to the presence of major players in the region
  • Asia Pacific is expected to be the fastest-growing regional market from 2022 to 2030 owing to the rising number of research activities in the region