Laboratory Animal Housing Cage Market REPORT OVERVIEW
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The global laboratory animal housing cage market size was US$ 253 million in 2021. As per our research, the market is expected to generate substantial revenue by 2028, exhibiting a CAGR of 3.5% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the laboratory animal housing cage market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
A laboratory animal housing cage is a type of enclosure used to house research animals. These cages are usually composed of metal or plastic and are intended to be readily cleaned and disinfected between uses. They are a valuable resource for researchers because they allow for the safe and humane treatment of animals in the laboratory. This market's expansion can be attributable to rising demand for animal-based research as well as increased public awareness regarding animal welfare.
Plastic-type is a generic term for petroleum-derived synthetic polymers. Polypropylene (PP), the most often used material for experimental animal housing, has the advantage of being relatively inexpensive. Other plastics, such as polyethylene terephthalate (PET) and polyvinyl chloride (PVC), are utilised in some circumstances. Metal Type is meant for usage in the laboratory animal housing cage market. It contributes to the structure's strength and rigidity, which aids in the protection of animals from diseases and infections. The type of metal chosen is determined by factors such as weight, size, and cost. In 2018, the plastic-type segment is expected to account for the majority of the cage laboratory animal housing cages market. This is due to its inexpensive cost and ease of supply as compared to other types of cages.
COVID-19 Impact: The Intrinsic COVID-19 Condition Curtailed the Market Growth
The persistent COVID-19 virus has benefited the laboratory mouse housing cage industry. The current coronavirus pandemic has had a negative impact on the healthcare sector. The growing concern for the cure and treatment of this unique coronavirus, as well as the prevention of its transmission, has put enormous pressure on governments all over the world. This pressure has pushed significant expenditure and funding on the development of a vaccine for the prevention of COVID-19, which necessitates the use of a large number of laboratory mice and rats for testing and trials, fueling the expansion of the laboratory mouse housing cage industry.
LATEST TRENDS
"The Growing Research and Development and Product Innovation to Attract the Consumers"
Growing drug research & development and product innovation to uncover new drugs with fewer adverse effects and more efficiency boosts the need for laboratory mice for testing, increasing product demand. Furthermore, the outbreak of zoonotic and other flu strains increases demand for highly effective medications, propelling the sector forward.
Laboratory Animal Housing Cage Market SEGMENTATION
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- By Product Type
Based on materials the laboratory animal housing cage market is classified into plastic type, metal type and others.
The plastic type is the leading part of the type segment.
- By Application
Based on application the laboratory animal housing cage market is classified as mice, rats, cold-blooded animals, birds and others.
The mice are the leading part of the application segment.
DRIVING FACTORS
"The Largest Segment Mice Posing Similarities to Human Body to Cover Up Huge Market Share "
The mice segment accounted for the largest market share in 2020 and is expected to increase at a robust CAGR over the forecast period. Mice are raised to be anatomically correct for clinical investigations. Because of their physiological, anatomical, and genetic resemblance to humans, they are the most desired species for biomedical research, propelling the segment growth. Mice were the most widely employed species across all applications, owing to their widespread use in toxicological investigations, as well as their expanding domestic use in genetic engineering and biotechnology. Growing demand from breeders for lab mice is expected to boost this sector during the forecast period, contributing to revenue growth globally reusable cage laboratory animal housing cages market share in the projected future.
"Strong Healthcare Expenditure and Government Funding to Surge the Market Demand "
Strong healthcare spending and rising grants and funds for R&D activities for vaccine production and clinical trials in mice and rats, as well as increased research and development of various drugs and product innovation to find new drugs with fewer side effects and higher efficiency, are driving the growth of the laboratory mouse housing cage market. This is mostly due to the availability of government funds for conducting R&D operations in the region's biomedical sector. Furthermore, increased healthcare expenditures and government attempts to boost R&D operations for the manufacture of innovative vaccines, as well as increasing grants from private and public enterprises, contribute to regional growth.
RESTRAINING FACTORS
"Certain Limitations and Disadvantage with the Solubility to Repel the Market Players"
Despite the adaptability of laboratory animal housing cage, there are some research fields where they are not the best model. They are aquatic species, so some research may run into problems because of their habitat. The fact that some medications are not soluble in water, making submersion delivery difficult, is another drawback of the the fish model. Therefore, the certain limitation and disadvantage being a restraining factor can hamper the laboratory animal housing cage market growth in the forecasted period.
Laboratory Animal Housing Cage Market REGIONAL INSIGHTS
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"The North American Region to Dominate the Market With Rising Modal Organisms"
In terms of revenue share, North America dominated the global market in 2017. The increase is due to an increase in the number of research initiatives and increased spending on animal care. Furthermore, rising awareness of animal welfare is expected to drive product demand over the forecast period. The North American regional laboratory animal housing cage market share is predicted to develop profitably over the forecast period because to an increase in government funding for basic and applied research on animals and their biological materials. This has led to an increase in the acceptance of these animals throughout laboratories, which will fuel the laboratory animal housing cage market growth over the next eight years.
KEY INDUSTRY PLAYERS
"Prominent Manufacturers to Contribute Towards Expansion of Market"
The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players ,and revenue trends of industry.
List of Market Players Profiled
- Tecniplast (U.S.A)
- Allentown (U.S.A)
- FENGSHI Group (U.S.A)
- Lab Products (U.S.A)
- Thoren Caging Systems (U.S.A)
- Alternative Design (U.S.A)
- Zoonlab (Germany)
- SSCI (China)
- SHINVA (U.S.A)
- INNOVIVE (U.S.A)
- NKP (India)
- Prime Labs (U.K)
- Biosafe lab (India).
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
Frequently Asked Questions
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What CAGR is the laboratory animal housing cage market expected to exhibit by 2028?
The laboratory animal housing cage market is expected to exhibit a CAGR of 3.5% by the forecasted year 2028.
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What is the leading region in the laboratory animal housing cage market?
The North American region leads the laboratory animal housing cage market.
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What are the driving factors of the laboratory animal housing cage market?
The largest segment mice posing similarities to human bodies and the rising healthcare expenditure with government funding are the driving factors of the laboratory animal housing cage market.
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Which are the top companies operating in the laboratory animal housing cage market?
Tecniplast, Allentown, FENGSHI Group, Lab Products, Thoren Caging Systems, Alternative Design, Zoonlab, SSCI, SHINVA, INNOVIVE, NKP, Prime Labs, Biosafe lab and others are the top companies operating in the laboratory animal housing cage market.
