According to a new report published by UnivDatos Markets Insights, the Animal Workstations Market is expected to grow at a CAGR of around 5% from 2022-2028. The analysis has been segmented into Technology (Anesthesia Workstations, Microscope Workstations, Vented Workstations, and Others); Animal Type (Small Animals, Large Animals); Equipment (Dual Access Workstation, Bedding Disposal Workstation, Single-sided Workstation, Universal Animal Containment Workstation); End User (Veterinary Hospitals & Clinics, Research Laboratories, Others); Region/Country.
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The animal workstations market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Animal Workstations market. The Animal Workstations market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Animal Workstations market at the global and regional levels.
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Market Overview
Animal workstations are used when handling animals to protect personnel and the environment from exposure to biological hazards, allergens, and unpleasant odors. Laboratory animals play a major part in medical research centers and laboratories. In addition, the rise in research activity related to animal health and technological advancements in the market is expected to boost market growth. Moreover, increasing the use of animal workplaces for human health research activities is expected to spur market growth.
The Animal workstations Market is expected to grow at a steady rate of around 5% owing to the increase in incidence rate of animal-induced asthma. Major companies in the market participate in many strategic initiatives, such as acquisitions, mergers, partnerships, and product launches, with technologically advanced features. 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.
Some of the major players operating in the market include Esco Micro Pte. Ltd, Fisher Biotec, Geneva Scientific, Nuaire, Laboratory Equipment Company, Hallowell EMC, Mopec, Allentown LLC, Sychem Ltd., Labconco.
COVID-19 Impact
During the COVID-19 pandemic, research efforts continue to study the virus and develop prevention, diagnostic, and treatment options. In addition, animal workstations are used to prevent surfaces from becoming contaminated, protecting the environment and operators when handling animals for clinical research. Therefore, the impact of COVID-19 on the market is neutral. Direct impacts on production and demand, supply chain and market disruptions, and financial impacts on business and financial markets. Unavailability of treatment, rising cases, limited resources, and the vulnerability of medical staff to contract the virus have left the health sector struggling to cope with the pandemic situation.
The global animal workstations market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· On the basis of animal type, the market is categorized into small animals and large animals. Among these, small animals to hold a significant share of the market in 2020. This is mainly due to the increased use of small animals for study, particularly rats and mice. In addition, laboratory rats and mice (RM) are not covered by animal welfare laws, hence the RM numbers are frequently only partially reported to government agencies.
· Based on end users, the animal workstation market has been classified into veterinary hospitals & clinics, research laboratories, and others. The research laboratories category holds a significant share of the market during the forecast period. This is mainly due to the rising research because of an increase in research grants and government funding to support an investigation into novel veterinary medicines.
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Animal Workstations Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing technological advances in animal laboratory equipment and the increasing incidence of animal-related illnesses, such as respiratory diseases, among workers have increased the acceptance of animal work by veterinarians. The emergence of regional manufacturers is expected to drive the animal workstation market. Therefore, many players are involved in various business strategies, such as new product launches & innovations, acquisitions, and partnerships. For instance, in April 2021, Shenzhen Mindray Animal Medical Technology Co., LTD., announced that they launched their new veterinary anesthesia device, Veta 5/ Veta 3. Furthermore, the device was globally launched at the X WSAVA event in 2021.
The major players targeting the market include
· Esco Micro Pte. Ltd.
· Fisher Biotec
· Geneva Scientific
· Nuaire
· Laboratory Equipment Company
· Hallowell EMC
· Mopec
· Allentown LLC
· Sychem Ltd.
· Labconco
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Animal Workstations market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the animal workstations market?
• Which factors are influencing the animal workstations market over the forecast period?
• What are the global challenges, threats, and risks in the animal workstations market?
• Which factors are propelling and restraining the animal workstations market?
• What are the demanding global regions of the animal workstations market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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