Vinit Sawant

Vinit Sawant

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Market HighlightsUrothelial carcinoma is also known as transition cell carcinoma.It is a type of cancer that occurs mostly in the urinary system and is one of common bladder cancer of ureter and urethra.Due to the increasing prevalence of bladder cancer urothelial carcinoma treatment market is growing.Increasing funding for research and development activities to develop new cancer therapies is also one the factor responsible for the growth of this market.More initiation has been taken by government and non-government organizations regarding awareness for early diagnosis of cancer, as a result, these factors are expected to boost the urothelial carcinoma treatment market during the forecast period.Global urothelial carcinoma treatment market size is expected to grow over the forecast period of 2023 and is expected to register a CAGR ~7.8% during the forecast period of 2018–2023.Key PlayersSome of the key players in the global urothelial carcinoma treatment market are GlaxoSmithKline plc, Genentech, Inc., Novartis AG, Dendreon, Merck KGaA, Eisai Co., Sanofi S.A., and Bristol-Myers Squibb.Regional AnalysisOn a regional basis, the market is segmented into Americas, Europe, Asia-Pacific, Middle East, and Africa.Americas is likely to dominate the urothelial carcinoma treatment market owing to the increasing prevalence of bladder cancer, increasing investment in research and development of new bladder cancer treatment.According to the American cancer society report, about 79030 cases of bladder cancer was reported in 2017 in the US.Europe is the second largest market for the urothelial carcinoma treatment followed by Asia-Pacific.Due to growing awareness regarding early diagnosis of bladder cancer and developed healthcare infrastructure with increasing prevalence of urothelial cancer.
Market HighlightsPemphigus is a group of IgG-mediated autoimmune diseases of the skin and oral mucosa which causes blister and erosions on the skin.In pemphigus immune system mistakenly produces antibodies that attack healthy cells in skin and mucosa.Sometimes it may also occur due to a side effect of medication such as blood pressure drugs.Blisters that occurs on the skin may be referred to as flaccid bullae because they are not firm, and break opens easily.Factors such as increasing prevalence of cancer, awareness regarding oral hygiene and unhealthy lifestyle drive the growth of global pemphigus market.Whereas rising investment in research and development activities and increasing healthcare expenditure are few more propellents of global pemphigus market.The global pemphigus market size is expected to grow significantly over the forecast period.It is estimated that the global pemphigus market is expected to register a CAGR of ~ 45% during the forecast period from 2018 to 2023.On the other hand, the lack of awareness regarding cancer and stringent regulation may hamper the growth of the market.The global pemphigus market is dominated by many market players.
Market HighlightsCostochondritis is the most common rib inflammatory disease.It is a condition when there is a temporary chest pain.Costochondritis can be caused due to repeated exercise and result in chest pain.The costochondritis market is expected to witness tremendous growth owing to the rising prevalence of various cardiovascular diseases, car accidents, and certain respiratory conditions, such as syphilis.It can also be caused due to tuberculosis or virus infections that can cause some inflammation, and rising hypertension cases as well.It is estimated that the global costochondritis market size is expected to register an increasing CAGR during the forecast period from 2018 to 2023.Other key factors such as the change to a sedentary lifestyle and inflammatory heart diseases are contributing towards the growth of the market.According to the guidelines of the Public Health England January 2017, it has been projected that hypertension would be affecting more than 1.5 billion people around the world by 2025.Such an incidence rate of hypertension promotes market growth.However, factors such as high cost of surgical procedures, expensive treatments, lack of awareness about the treatment, and the side effects associated with medication are expected to hinder the growth of the costochondritis market during the forecast period.SegmentationThe global costochondritis market is segmented on the basis of diagnosis, treatment, and end-user.
Market HighlightsThe pharmaceutical industry is known as highly regulated industry and it is necessary to maintain the aseptic environment during the manufacturing process to meet the standards.Pharmaceutical isolators provide aseptic conditions and prevent the operator from being exposed to hazardous elements.The growing adoption of new technology in the manufacturing process, increasing use of open system isolators in research and development activities, and stringent regulatory policies are the major factors driving the growth of the global open system isolator market.Additionally, increasing R spending and aggressive strategies adopted by the top players, such as new product launches, are contributing to the growth of the market.The global open system isolator market size is expected to grow during the forecast period (2018–2023) at a CAGR ~8.5%.For instance, in March 2017, COMECER S.p.A. cf.Has introduced The New Thecla Shielded Isolator in the market, this new isolator was introduced in the global market which will be available for use in academic as well as commercial manufacturing?The high risk of contamination, costs associated to open system isolators and a shortage of technicians may hamper the growth of the market during the assessment period.Regional AnalysisThe market in the Americas is expected to dominate the global open system isolator market during the forecast period owing to the increasing pharmaceutical manufacturing, strict government and regulatory authorities and well-established healthcare sector in the region.The European market is expected to be the second-largest due to the surge in research and development activities in the region along with growing concern about safety and efficacy of pharmaceutical products.Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to increasing production of generic pharmaceuticals in the region along with an increase in a number of manufacturing plants due to favorable conditions.The market in the Middle East & Africa is likely to account for the smallest share of the global open system isolator market. 
According to a report published by the National Center for Biotechnology Information in June 2017, the incidence rate of Addison's disease is 0.6 per 100,000 of the population per year.Despite the drivers, difficulty in diagnosis in early stages and lack of knowledge can restrain the market growth over the assessment period.The Global Addison's Disease Market size is anticipated to hold a market value of USD 168 million in the year 2017 and is expected to grow at a CAGR of 10.4% during the forecast period.Addison's disease occurs when the body starts producing inadequate amounts of certain hormones produced by adrenal glands.The glands start to produce too less cortisol and aldosterone as well.Addison's disease is a rare disorder, and only 1 in 100,000 people suffer from it.Regional AnalysisGeographically, the Americas is expected to dominate the global market owing to the presence of well-developed healthcare sector, raising awareness of the disease and favorable reimbursement policies.SegmentationThe global Addison's disease Market has been segmented into diagnosis, treatment and end user.The market, on the basis of diagnosis, has been segmented into laboratory testing and imaging tests.Laboratory testing is further segmented into blood tests, ACTH stimulation test, insulin-induced hypoglycemia test, and other tests.Imaging tests are further segmented into chest radiography and CT scan.The global market, on the basis of treatment, has been segmented into oral corticosteroids and corticosteroid injections.
Market Highlights:Pedicle screw system are used in spinal surgery to stop the pain caused by joints owing to disease.The placement of the pedicle screw is independent of the laminar integrity and extends its application to a different level of spinal pathologies such as degenerative, oncological, degenerative and deformity correction.The increasing incidences of spinal cord injuries, spinal deformities, degenerative spinal disorders, and rising geriatric population are the major factors driving the growth of the global pedicle screw system market.Additionally, increasing research and development spending by the top players are fueling the growth of the market during forecast period.The Global Pedicle Screw Systems Market size is accounted for USD 506.65 million in 2017 and expected to register ~ 6.3 % CAGR during the forecast period (2018–2023).For instance, according to report published by Iranian Journal of Neurosurgery, in 2016, prevalence of traumatic spinal cord injuries in Tehran ranged from 1.2 to 11.4 per 10,000 people.Also, according to the report published by The International Spinal Cord Injury (InSCI), in 2017, each year around 12,500 new cases of spinal cord injuries occur in United States.The strict regulatory frameworks and time-consuming product approval processes may hamper the growth of the market during the assessment period.Regional Analysis:The market is likely to dominate by Americas during the forecast period owing to the rising aging population, rising incidence of spinal disorders, and rising in FDA approved pedicle screws.The European market is expected to be the second-largest due to government funding and support of the healthcare sector, coupled with increasing research and development.Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to increasing investments in healthcare, increasing number of the orthopedic surgeries, expansions by market players in the region, and favorable government initiatives for healthcare facilities.The market in the Middle East & Africa is likely to account for the smallest share of the global pedicle screw system market. 
Market HighlightsTele-intensive care unit (ICU) are used for the management of various medical complications and to treat critically ill patients by using off-site clinical resources.Tele-intensive care units (ICU) are part of telemedicine, and it uses advanced technology to carry out activities such as monitoring, treatment, and rehabilitation.The rising geriatric population, technological advancements in the healthcare sector, increasing occurrence of chronic disorders in the developed and developing countries, and increasing cases of patients affected by neurological disorders across the globe are the major factors driving the growth of the global tele-intensive care unit (ICU) market.Additionally, increasing R spending and aggressive strategies adopted by the top players are fueling the growth of the market during the forecast period.The Global Tele-Intensive Care Unit (ICU) Market size is accounted for USD 1820 Million in 2018 and expected to register 16.4% CAGR during the forecast period (2019–2024).According to the World Health Organization and International Agency for Research on Cancer (IARC) reported that in 2018, there were 18.1 million new cases of cancer which is projected to reach 43.8 million over the next five years.The rising worldwide prevalence of cancer is propelling the demand for tele-intensive care unit (ICU), thereby supporting market growth.The high costs associated with establishments of tele-intensive care unit (ICU) and lack of reimbursement policy are likely to hinder the market growth during the forecast period.SegmentationThe global tele-intensive care unit (ICU) market has been classified on the basis of component and type of management.Based on component, the market has been classified as hardware and software.The market, by hardware, has been further segmented into computer system, communication lines, physiological monitors, therapeutic devices, video feeds, and others.On the basis of management, the market has been segmented into intensivist, open, co-managed, open with a consultant, and other types of management. 
Market HighlightsThe increasing participation of key players is one of the key factors driving the laboratory information system market.In 2018, Sysmex Corporation, Japan-based Company, launched a new network solution Caresphere.The solution is designed to provide new value through the intelligent use of information by people involved in testing and healthcare.Various other factors such as the increase in adoption of cloud-based platforms by CROs, increasing preference towards personalized medicine, untapped emerging markets, rise in regulatory approvals, and rising R in the field of medicine are also expected to propel the growth of the market.The global laboratory informatics market size is expected to grow significantly over the forecast period.It is anticipated that the market held a valuation of USD 2422 million in 2018 and is projected to register a CAGR of 7.2% over the forecast period.However, high maintenance and service costs can hamper market growth over the forecast period.SegmentationThe global laboratory informatics market is segmented based on product, component, deployment model, end user, and region.The global market for laboratory informatics, by product, is segmented into Laboratory Information Management Systems (LIMS), Chromatography Data Systems (CDS), Electronic Lab Notebooks (ELN), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Laboratory Execution Systems (LES), Enterprise Content Management (ECM), and Scientific Data Management Systems (SDMS).The Laboratory Information Management Systems (LIMS) segment is further classified as broad-based LIMS and industry-specific LIMS.Key PlayersSome of the key players in the global laboratory informatics market are Agilent Technologies, Inc., Abbott Laboratories, Accelerated Technology Laboratories, Cerner Corporation, Dassault Systèmes, IDBS, KineMatik, Lablynx, Inc., Labvantage Solutions, Inc., Autoscribe Limited, Labware, Labworks LLC, McKesson Corporation, Thermo Fisher Scientific Inc., Perkinelmer Inc., Waters, and others.  
According to MRFR analysis, Bronchodilators Market size is expected to register a CAGR of 5.30% during the forecast period of 2019 to 2025 and is expected to reach USD 2,484 Million by 2025.Bronchodilators are medications that make breathing easier by opening the airways of the lung by relaxing bronchial muscles.They are used to treat various respiratory problems such as asthma, COPD, and other allergic reactions that cause breathing problems.The global bronchodilators market is currently dominated by several market players.The key players are involved in product launches and strategic collaborations to strengthen their market positions.For instance, in April 2019, Cipla Technologies entered into agreement with Pulmatrix Inc. to co-develop a formulation for the treatment of allergic bronchopulmonary aspergillosis (ABPA) in patients with asthma.The growth of the global bronchodilators market is driven by various factors such as increase in prevalence of pulmonary disorders, an increasing geriatric population and increasing mergers and acquisitions by prominent players in the market.However, side effects associated with bronchodilators and government regulations related to the safety & efficacy of the bronchodilators are projected to hamper the growth of the global bronchodilators market.Regional AnalysisThe market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.The Americas are expected to be the largest market owing to the rising per capita healthcare expenditure.The bronchodilators 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 European bronchodilators market has been categorized as Western Europe and Eastern Europe.
Market HighlightsHIV drugs aim to control the growth of the human immunodeficiency virus (HIV), improve the patient’s overall immune system, and reduce/stop the symptoms.The drugs used to treat HIV infection are antiretrovirals, which help reduce the viral load and fight the infection.The growth of the global HIV drug market is driven by the increasing prevalence of HIV infection, rising awareness of HIV treatment, and the launch of innovative drugs.However, stringent regulatory policies for drug approval and product recalls are expected to curb the growth of the global HIV drug market during the assessment period.According to MRFR analysis, HIV Drugs Market size is expected to register a CAGR of 5% during the forecast period of 2019 to 2025 and was valued at USD 24 million in 2018.The global HIV drugs market is currently dominated by several market players.The key players are involved in product launches and strategic collaborations to strengthen their market positions.SegmentationThe global HIV drug market has been segmented based on type and end-user.The market, based on type, has been divided into nucleoside reverse transcriptase inhibitors (NRTIs), non-nucleoside reverse transcriptase inhibitors (NNRTIs), protease inhibitors (PIs), fusion inhibitors, CCR5 antagonists, integrase inhibitors, post-attachment inhibitors, and pharmacokinetic enhancers.The drugs in these different segments differ with respect to their mechanism of treating the HIV infection.
Glycine is a nonessential amino acid that is found in proteins.Glycine acts as a neurotransmitter that stimulates or inhibits the function of the brain and nervous system.Glycine supplements are widely consumed for improving sleep, enhancing memory, bone & joint health, and increasing insulin sensitivity.The increasing geriatric population, growing incidences of diseases due to a sedentary lifestyle and a lack of balanced diet, increasing awareness towards weight management, and maintenance of a healthy lifestyle is anticipated to drive the market growth of the global glycine supplement market.However, safety concerns of glycine supplement and increasing regulatory pressures are expected to restrict the market growth.Glycine Supplement Market size is expected to register a CAGR of5.75% during the forecast period with a market value of USD 62,152.83 Thousand till 2025.Regional AnalysisThe Global Glycine Supplement Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.The Americas is likely to hold the largest share of the global glycine supplement market during the assessment period.Increasing awareness towards weight management and maintenance of a healthy lifestyle and well-established players are likely to support the dominance of the Americas during the forecast period.The Europe market established substantial growth in the market due to the growing incidences of diseases due to a sedentary lifestyle and a lack of balanced diet in this region.
Market HighlightsPheochromocytoma is a catecholamine-secreting rare type of adrenal gland tumor.In this condition, the adrenal gland produces excess amounts of norepinephrine and epinephrine hormones, hence elevating the blood pressure and heart rate.The global pheochromocytoma market is growing owing to the increasing investment by major companies to develop specific treatment options, high prevalence of pheochromocytoma, and an increasing number of clinical trials for drugs for pheochromocytoma.According to MRFR analysis, Pheochromocytoma Market size is expected to register a CAGR of 3.84% during the forecast period of 2019 to 2025.The global market was valued at USD 2,814.75 Million in 2018.Several market players currently dominate the global pheochromocytoma market.The key players are involved in product launches and acquisitions to strengthen their market positions.Regional AnalysisThe market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.The Americas is expected to be the largest market owing to the increasing prevalence of pheochromocytoma.The pheochromocytoma 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 European pheochromocytoma market has been categorized as Western Europe and Eastern Europe.
Market HighlightsThe growth of the global ACE inhibitors market is determined by numerous factors such as rising adoption of ACE inhibitors for the treatment of cardiovascular complications and diabetic neuropathy, rising cases of cardiovascular disorders such as hypertension, and surge in demand for less expensive drugs.For instance, according to the data published by the World Health Organization (WHO) in 2017, the global prevalence rate of raised blood pressure in adults aged more than 18 was estimated to be 22.1% in 2017.However, side effects associated with the treatment and high costs of treatment are likely to hamper the growth of the global ACE inhibitors market during the forecast period.According to MRFR analysis, ACE Inhibitors Market size is expected to register a CAGR of 3.10% during the forecast period of 2019 to 2025 and is likely to be valued at USD 7682.8 Million in 2025.Regional AnalysisThe market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.Americas has been segmented into North America and Latin America, with the North American market being divided into the US and Canada.The Americas is projected to hold the largest market share owing to the growing prevalence of hypertension and cardiovascular disorders.The European ACE inhibitors market has been categorized as Western Europe and Eastern Europe.
Market HighlightsCritical illness insurance is a type of insurance, where the insurer comes in a contract to make a lump sum cash payment if the policyholder is diagnosed with some specific critical disease as a part of the insurance policy.Critical illness insurance is also known as critical insurance cover or dread disease policy.The increasing cases of critical illness and increasing out of pocket expenditure for the insured and uninsured population are expected to drive the growth of the critical illness insurance market.However, lack of awareness about critical illness insurance is expected to hamper the market growth during the forecast period.Global Critical Illness Insurance Market size is expected to register a CAGR of 15.35% during the forecast period, with a market value of USD 67,960.81 Million by 2025.Segment AnalysisThe global critical illness insurance market has been divided based on application and region.The market, based on application, has been bifurcated into cancer, heart attack, stroke, and others.In 2018, the cancer segment held the largest market share owing to the rise in the number of cancer cases.For instance, an estimated 1,735,350 new cases of cancer were diagnosed in the US and 609,640 people died from the disease in 2018.Regional AnalysisThe global critical illness insurance market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Market HighlightsHeart failure is a chronic condition in which the heart muscle is unable to pump enough blood to the body’s need for blood and oxygen.This results in fatigue and shortness of breath and sometimes results in a cough.Factors such as rising cases of cardiovascular disorders, increasing geriatric population, and the constantly changing lifestyle habits (such as unhealthy dietary habits, excessive alcohol consumption, smoking, obesity, and lack of physical activity) which make individuals more susceptible to arrhythmia and heart failure are driving the market growth.Additionally, a strong pipeline and product approvals are also driving the market growth.However, serious side-effects hamper the growth of the market.Global Heart Failure Drugs Market size is estimated to be valued at USD 13,069.75 Million by 2025 and is expected to register a CAGR of 17.79% during the forecast period.Segment AnalysisGlobal Heart Failure Drugs Market has been segmented on the basis of Type, and End User.The market, based on type, has been segmented into Beta-Blockers, ACE Inhibitors, Angiotensin-Receptor Neprilysin Inhibitors (ARNI), Angiotensin Receptor Blockers (ARBs), Diuretic, and others.The global heart failure drugs market, by end-user, has been categorized as hospitals, specialty centers, and others.Regional AnalysisGeographically, the global heart failure drugs market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa.
Market HighlightsThe growth of the global breast lesion localization market is driven by various factors, such as the increasing launch of breast lesion localization products and growing numbers of players involved in the development of new breast lesion localization technologies.Some of the key companies operating in this market are B.D.Company, Cook Medical, Endomagnetics Ltd, and others.In addition, the rising awareness program related to breast cancer supports the market growth during the forecasted period.According to MRFR analysis, Global Breast Lesion Localization Market size is expected to register a CAGR of 6.8% during the forecast period of 2019 to 2025 and is anticipated to reach USD 560 Million by 2025.However, the lack of skilled professionals and the cost of breast lesion localization products may hamper market growth.Regional AnalysisThe market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.The Americas is expected to be the largest market owing to a large number of men and women affected by breast cancer.The breast lesion localization 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 European breast lesion localization 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.
Market HighlightsGlobal Life Sciences BPO Market is driven by several factors, such as rising need for drug research, clinical data management trials, increasing cost of drug development, new product launches and government initiatives, increased pressure from regulatory agencies to adopt various techniques to minimize the costs involved for the successful introduction of a drug in the market.According to MRFR analysis, the Global Life Sciences BPO Market size is expected to register a CAGR of 8.0% from 2020 to 2027 and hold a value of USD 427.78 Million till 2027.A lot of market players are dominating the global life sciences BPO market.The prominent players are involved in strategic agreements, product launches, and joint ventures to sustain their market positions.For instance, in June 2018, Laboratory Corporation of America Holdings (US) acquired Sciformix Corporation, a Covance company (US), to offer pharmacovigilance and regulatory solutions to biopharmaceutical and medical device companies.Regional AnalysisOn a regional basis, the Americas is anticipated to dominate the global life sciences BPO market, owing to the factors such as well-established healthcare sector, presence of ample biotechnology and pharmaceutical companies, new technological advancements in life sciences industry, major giants in the market involved in merger & acquisition, and new product innovation.Technologies such as Artificial Intelligence (AI), Machine Learning (ML) are playing a significant role in the life science BPO industry, while significantly reducing costs involved with mapping highly complex studies.Companies are adopting these technologies for drug discovery.For instance, in June 2019, Navitas Life Sciences (US) in partnership with ThoughtSphere (US) Company adopted AI and ML technologies to deliver unparalleled data collection. 
The increasing adoption of technologically advanced solutions to carry out various procedures in the healthcare sector has improved the quality and reliability of the treatments that are provided today.Rapid automation of services and increasing emphasis of adopting automated services in order to avoid human errors are propelling the growth of the global automated cell culture market.The rapid adoption of technologically advanced solutions in the healthcare sector is leading to the improvement of various healthcare procedures.Automated cell culture is one such procedure that aids in growing and maintaining cell lines by mechanically controlled techniques.Market Research Future (MRFR) has published a report stating that the global automated cell culture market size is marked to expand at a robust CAGR of 8.5% during the forecast period of 2017-2023.Increased research activities for the development of advanced cell culture techniques and demand or automated services in order to avoid contamination caused by manual operations are fueling the growth of the global automated cell culture market.However, lack of penetration technologically advanced healthcare solutions, absence of skilled workforce and high cost associated with the technology are likely to act as restraints on the growth of the global automated cell culture market during the forecast period.Regional Analysis:Geographically, the global automated cell culture market has been segmented into four major regions such as the Americas, Europe, Asia Pacific, and the Middle East and Africa.The Americas command for a significant share in the global automated cell culture market owing to the rapid adoption of technologically advanced healthcare solutions for diagnosis and treatment purposes and increasing emphasis on automation of healthcare services in the well-developed healthcare infrastructure in this region. 
A lot of market players are dominating the global vasomotor symptoms market.The prominent players are involved in strategic agreements, product launches, and joint ventures to sustain their market positions.For instance, in October 2018, Therapeutics (US) received FDA approval for its first bio identical hormone therapy BIJUVA, a combination of estradiol and progesterone for moderate to severe vasomotor symptoms associated with menopause.The global vasomotor symptoms market is driven by several factors, such as rising older female population, rising initiatives by public and private organizations to create awareness regarding vasomotor symptoms management options, increasing product launches, and a number of clinical trials by the prominent players in the market.According to MRFR analysis, the Global Vasomotor Symptoms Market size is expected to register a CAGR of 7.27% from 2020 to 2027 and hold a value of USD 8,189 Million till 2027.SegmentationGlobal Vasomotor Symptoms Market has been segmented based on the Therapy Type and Distribution Channel.The market, based on therapy type, has been segmented into hormonal and non-hormonal.The market, based on hormonal therapy, has been further divided into estrogen, progesterone, and combination.The market, based on hormonal therapy, held a major share in 2019 owing to the widespread use and high preference rate.The market, based on non-hormonal therapy, has been further divided into antidepressants and others.The hospital pharmacies segment held the majority share of the market in 2019 owing to the increasing number of in-visit patient admissions, whereas the online stores segment is projected to be the fastest-growing segment during the study period owing to the increasing preference of this distribution channels owing to the widespread availability and rise in awareness regarding the e-commerce channels. 
Market HighlightsAccording 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 AnalysisThe 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.
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