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Animal Model Market Demand, Global Trend, News, Business Growth, Top Key Players

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Vinit Sawant

Market Highlights

According to MRFR analysis, Global Animal Model Market size is expected to register a CAGR of 7.8% during the forecast period of 2020 to 2027 and is anticipated to reach USD 3,632.48 Million by 2027.

The growth of the global animal model market is driven by various factors, such as the growing use in biomedical research to develop new treatment methods, to understand biocompatibility during drug development and cellular responsiveness of the implant at an early stage.

Due to all these factors, the demand for animal models is growing in the healthcare sectors. There are large numbers of players involved in the development of new animal model technologies. Some of the key companies operating in this market are Janvier Labs, GenOway S.A., Charles River Laboratories, Taconic Laboratories, and others.

However, alternatives such as cell cultures, computer models, & tissue cultures and also the ethical issues on using animals for research activities hamper the market growth.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The animal model market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada.

The Americas is expected to be the largest market owing to the presence of a large number of companies providing animal models such as Crown Bioscience Inc., Envigo, Harbor Antibodies Bv, and many more. 

Additionally, the rising demand for the use of non-human models in scientific research contributes to the growing animal model market in this region. According to the US government statistics around 780,070 number of laboratory animals were used in research in 2018, which has been increased by 5.7% from 2017. The increasing use of animal models drives market growth in this region. 

The European animal model market is the fastest-growing market, and it has been categorized as Western Europe and Eastern Europe. The Western European market has further been divided as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The increasing R&D to develop novel vaccines, rising use in cancer and Alzheimer's research, and growing funding for research activity boosts the market growth.

 

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