Animal Model Market Overview:
Animal Model Market is projected to achieve a value of USD 2,846 Million in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 4,923 Million by 2033 with a CAGR of 7.4% during the forecast period 2023-2033.
Since they share many immunological and pathological characteristics with humans, non-human living things called animal models are employed in studies and experiments. They are employed in cellular and histological research as well as in the diagnosis, treatment, prognosis, and study of illnesses. The U.S. Department of Agriculture reports that in 2019, 100 million mice and rats and one million other animals were kept in captivity for study and lab experiments in the country. Due to the risk to human life, using human models for study is controversial on many levels. For this reason, it is best to use animal models that closely resemble human systems.
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Animal Model Market Trends and Analysis:
Historically, biomedical research that aids in the development of novel treatment approaches for a range of ailments has made extensive use of animal models, such as humanized mice. However, because it provides a better understanding of other diseases in addition to the effectiveness of treatments with regard to many diseases, the demand for various animal species in the healthcare sector has surged recently.
It takes a lot of effort and time to generate genetically modified animals for preclinical models that are more likely to be useful. This problem has been lessened, though, by recent advancements in animal research and the use of novel experimental techniques by scientists to better understand the biology of particular diseases.
Opportunities and Challenges:
There are also substitutes like computer models, tissue cultures, and cell cultures. However, because live systems are so complicated, animal models are the favored choice. Animal models are being used in place of people to guarantee safety due to high illness incidence rates and medication side effects. Therefore, it is anticipated that as the pharmaceutical industry grows, the market will become stronger due to the ongoing need for laboratory animals in pharmaceutical research.
The creation of standard protocols pertaining to animal models is causing an increase in government intervention in academic and research organizations. For basic research purposes, such as creating novel therapeutic approaches for treating human ailments and preclinical evaluations of produced drugs' safety and efficacy, researchers employ animal models. In addition, it is anticipated that the market will be somewhat driven by ongoing developments in animal models, the accessibility of contemporary healthcare systems, and a notable rise in the need for contemporary healthcare facilities.
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Market Segmentation:
By Application:
- Research & Development
- Production
- Quality Control
By Animal Type:
- Pigs
- Cats
- Mice
- By Technology:
- CRISPR
- Microinjection
- Embryonic Stem Cell Injection
By End-User:
- Research Institutes
- Educational Institutes
- Pharmaceutical Companies
- Contract Research Organizations
Market Regional Analysis:
North America dominate the Animal Model Market with the highest revenue generating market with share of more than 43%. The increasing prevalence of chronic illnesses, the emergence of new infectious strains, and the growing economic investments on healthcare in North America are expected to support research efforts in the region. Furthermore, the expansion of research activities conducted by research and academic institutions is anticipated to drive regional growth.
The animal model market in Europe holds the second-largest market share, with a significant concentration of toxicological, nutritional, immunological, and medical laboratories in the region expected to drive revenue growth. Specifically, the market in Germany is the largest in the region, while the market in the United Kingdom is the fastest-growing within Europe.
Asia-Pacific is estimated the fastest growing CAGR in Animal Model Market in forecasted period. The growth in market revenue can be attributed to features like ease of manipulation, short lifespan, and high reproducibility, which have gained adoption in various industries throughout the Asia-Pacific region. Notably, the animal model industry in China claims the largest market share, while the market in India is experiencing the fastest growth among countries in the Asia-Pacific region.
Key Players in the Animal Model Market:
- 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.
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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.
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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.
May 31, 2019: Animal Model Services Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).The report firstly introduced the Animal Model Services basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on.
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Asia Animal Model Services Market;3.)
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Market Entry and Investment Feasibility;6.)
