The market for animal models is expected to increase linearly, reaching a value of USD 2,846 million in 2023 and USD 4,923 million by 2033, with a compound annual growth rate (CAGR) of 7.4% from 2023 to 2033. Animal models are non-human animals used in medical research and studies. They are commonly chosen because of their striking parallels to human genetics, anatomy, and physiology. They help to gather information on illness prevention, diagnosis, and treatment without endangering humans. Rodents, rats, mice, gerbils, guinea pigs, and hamsters are among the most popular animal models used. They are currently commonly selected because to their availability, convenience of handling, and low cost of operation.
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Animal Model Market Segmentation
By Application
- Research & Development
- Production
- Quality Control
Regional Scope
- North America
- Europe
- APAC
- South America
- Middle East
- Africa
Key Players
- The Jackson Laboratory.
- Hera Biolabs
- Ozgene Pty Ltd.
- Trans Genic Inc.
- Genoway S.A.
- Taconic Biosciences
- Janvier Labs, LLC
- Inotiv, Inc.
- Charles River Laboratories
- Crown Bioscience Inc.
Market Trend
Currently, there is an increasing global need for individualized medications. This, together with an increase in the occurrence of hereditary illnesses such as Down syndrome, Crohn’s disease, breast cancer, and hemophilia, is one of the primary reasons positively affecting researchers’ use of animal models in pre-clinical drug development. In addition, they are used in biomedical research, toxicity, physiology, cancer research, neurological research, genetic research, and xenotransplantation all over the world.
The market is also driven by several technical developments, such as the advent of genome editing technology CRISPR-Cas9, which helps to shorten the time and expense needed to enable the manufacture of animal models with significant genetic alterations. From early-branching metazoans to primates, a wide range of creatures can benefit from this technology. In addition, a positive market outlook is being created by the abrupt emergence of the infectious coronavirus disease pandemic (COVID-19). This can be attributed to the growing sums of money that governments and international organizations such as the World Health Organization (WHO) are investing in R&D to bring forth vaccinations and antiviral medications.
Application Analysis
Research & Development, Production, and Quality Control are the three application-based market categories for animal models. In 2022, the highest share will be held by the Research & Development section, at around 41%. The increased demand from laboratories worldwide is anticipated to produce a consistent growth in revenue during the projection period. Particularly driving this need are the requirements for toxicity testing and fundamental and applied research in fields including nutrition, immunology, neurology, and genetics.
Regional Analysis
North America has a market share of more than 43% and leads the animal model industry in terms of revenue generation. It is anticipated that research activities in the region will be aided by the rising incidence of chronic diseases, the introduction of novel infectious strains, and the rising financial investments in healthcare across North America. In addition, it is expected that regional growth will be fueled by the increase in research activities carried out by academic and research institutes. Europe’s animal model market is predicted to increase at a substantial rate due to the region’s high concentration of toxicological, nutritional, immunological, and medical labs. The market share of animal models is now the second highest in the continent. To be more precise, the United Kingdom’s market is expanding at the quickest rate in Europe, while Germany’s market is the biggest in the continent.
According to projections, the animal model market in Asia-Pacific is expected to develop at the quickest rate. The Asia-Pacific region’s numerous sectors have adopted qualities including high repeatability, short lifetime, and ease of manipulation, which have led to an increase in market revenue. Among the Asia-Pacific countries, India’s animal model market is growing at the fastest rate, although China holds the highest market share in this regard.
Scope of the Report
This study provides history, present, and future analysis and estimates for the Animal Model Market. The report’s market estimations are based on a comprehensive research approach. The research process used includes many channels of research, such as primary research, secondary research, and subject-related expert opinion. The market estimations are produced using the current market dynamics as well as many economic, social, and political aspects affecting the Seasonal Affective Disorder Market. The market data is also defined by numerous legislation, government investments, and increased R&D. The market projections take into account both positive and negative developments in the market.
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