Animal Model Market Overview:
Animal Model Market size is expected to hold a value of about USD 3,632.48 Million by 2027 and is projected to register a CAGR of 7.8% from 2020 to 2027.
The growing use of animal models in biomedical research to establish new therapeutic approaches, understand biocompatibility during drug production, and cellular responsiveness of the implant at an early stage are driving the global animal model market. The demand for animal models in the healthcare sector is increasing as a result of all of these factors. The creation of new animal model technologies involves a large number of players. The market is growing due to increased innovation and research activity using mice models for immune diseases, cancer, rare diseases, and other research activities.
The current COVID-19 pandemic is an unparalleled public health threat, prompting an increase in vaccine and antiviral drug research and development. As a result, large numbers of animals are used to check the effectiveness and safety of vaccines and antiviral drugs prior to conducting human trials. Due to the need to perform research studies, the demand for humanized ACE2 mouse models that establish a lethal SARS-CoV infection is growing. Government and scientific research organizations are likely to increase their research expenditures in order to improve COVID-19 vaccines and treatments.
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Alternatives such as cell cultures, computer models, and tissue cultures, as well as ethical concerns about using animals in science, stymie market development. Furthermore, due to the ongoing pandemic, some research institutions are unable to function normally, and some industry players are unable to meet the soaring demand, negatively impacting the animal model market value.
Animal Model Market Top Companies:
The notable players of the market are Janvier Labs (France), GenOway S.A. (France), Envigo (US), Charles River Laboratories (UK), Taconic Laboratories (UK), Transgenic, Inc. (Japan), SAGE Labs (US), Horizon Discovery (England), Crown Bioscience Inc. (US), and Harbor Antibodies Bv (A Subsidiary of Harbor BioMed) (Massachusetts). In order to increase their customer base and improve their industrial position, these businesses are focusing on strategic acquisitions, mergers, alliances, and partnerships. These players' recent investments have provided the industry with opportunities for global expansion.
Animal Model Market Segmental Analysis:
The global animal model market has been segmented based on animal type, technology, application, and end-users.
The global animal model market has been segmented, on the basis of animal type, into pigs, mice, rats, rabbits, and others. The rat segment is expected to hold the maximum share of the market throughout the forecast period. The rabbit segment is expected to be the fastest-growing during the assessment period.
On the basis of technology, the market is segmented into CRISPR and other technologies.
Based on the application, the market is segmented research and development and production and quality control.
On the basis of end-user, the market is segmented into research institutes, educational institutes, pharmaceutical companies, and contract research organizations.
Animal Model Market Regional Overview:
In the global animal model market, the Americas has the largest market share. The increase in market growth can be attributed to pharmaceutical and biotech companies raising their preclinical activities during drug production, CROs increasing their use of animal models, and the rising emphasis on personalized medicine increasing the demand for animal models in this area.
The second-largest market for animal models is Europe. Increasing healthcare innovation, a greater emphasis on developing new cancer therapeutics, and the involvement of a large number of research laboratories and healthcare companies in this area all contribute to the European market's expansion. The market for animal models in the United Kingdom has been affected by the need for better animals for the treatment of Alzheimer's disease. The European Union is also funding consortiums of academic organizations to conduct research and development on mouse models for Alzheimer's disease.
In the global animal model market, the Asia-Pacific region is expected to grow at the fastest rate. This area has seen growing market growth as a result of increased biomedical and regenerative medicine research, as well as rising medical research in countries such as China, Japan, India, and others. Increased demand for animal models has resulted from a large geriatric patient population suffering from chronic diseases that need comprehensive prevention and care. Government investment in Japan has also resulted in advances in biological science, which has increased animal adoption and demand. Furthermore, one of the major driving forces propelling the demand for animals in the area is the existence of well-established research laboratories and healthcare institutes.
Because of the region's weak healthcare infrastructure, a scarcity of qualified professionals, and limited finances, the Middle East and Africa has the smallest market share.
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The new research report titled "Pig Animal Model market Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
The key players in the pig animal model market include Charles River Laboratories International, Inc., Envigo CRS SA, Specipig, and others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Pig Animal Model Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/pig-animal-model-market/download-sampleMarket DynamicsThe market of pig’s animal model is gaining high demand across research centers because they share the same anatomical and physiological similarities with the human.
Therefore, owing to the aforementioned advantage of pigs the pig has attracted attention as a valuable preclinical model for medical research and is anticipated to raise the market demand over the forecast period.
However, rising concern over animal welfare and strict government regulations is likely to impede market growth.
The Animal Model Market report published by Verified Market Research is an extensive anthology of the essential strand of the Animal Model market, assessed thoroughly by our team of the inquisitor.
The market infiltration report offers perspicacious data and information relevant to the market to familiarize the readers with the lucrative growth anticipation existing in this industry, eventually helping them contrive effective business strategies.
The Animal Model market report has been well organized curated using industry-verified data to offer guidance concerned with the leading manufacturers and suppliers affianced in this sector.
It further focuses on their pricing analysis, gross revenue, product portfolio, sales network & distribution channels, profit margins, and financial estimation.
Regional assessment of the Animal Model market unlocks a superfluity of unexploited opportunities in regional and domestic market places.
Detailed company profiling accredits users to evaluate company shares analysis, emerging product lines, the scope of new markets, pricing strategies, innovation probability, and much more.
According to a recently compiled study by FMI, the global animal model market will reflect an impressive CAGR through the forecast period, 2017 to 2026.
Revenues from the global market for animal model are poised to surpass US$ 2,200 Mn by 2026-end.Leveraging Animal Models offers Better Understanding of Different DiseasesAnimals and human beings share a common biological as well as physiological structure.
It is simple and easy to control the animal environment as compared to the human beings.
The animal models are increasingly being used in the biomedical research that helps to develop new treatment methods for various diseases.
Alternatives such as cell cultures, tissue cultures, and computer models are also available, however animal models are more preferred owing to the complexity of the living systems.
Researchers are also focusing on employing translational efficacy or pharmacodynamic biomarkers for linking efficacy observed in clinical results with pre-clinical analyses.Key Takeaways from FMI’s Report on Global Animal Model MarketNorth America is expected to remain the largest and fastest expanding market for animal model, with revenues estimated to surpass US$ 800 Mn by 2026-end.
