Animal Model Market Latest Industry Trends, Covid-19 Impact Analysis, Growth and Growing at a CAGR of 7.9%.
The global animal model market is categorized based on animal type, application and end-use. On the basis of animal type, the market is segmented into mice, rat, pig, rabbit and other animals. This report also covers the impact of COVID-19 on the global market.
Dallas, United States – April 29, 2021 /MarketersMedia/ —
The global animal model market is projected to reach USD 30.79 billion by 2028, Scientists and researchers have long favored animal models as a method of experimentation. Animal models are the preferred method for cosmetic study and evaluating various therapeutics operations. The rapid advancements in the healthcare industry, along with the growing use of advanced technology, have made the use of animal models both beneficial and easy. Furthermore, the increasing prevalence rate of illnesses, as well as the adverse effects of medications, has boosted the development of animal models. Furthermore, increased government participation in various research institutes has aided in the development of animal model standards protocols, which is expected to fuel the global animal model market in the coming years.
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Key players of the global animal model market include Charles River, genOway, Envigo, Harbor BioMed, PharmaLegacy, Janvier Labs, Taconic Biosciences Inc., Trans Genic Inc., The Jackson Laboratory among others.
Animal models are widely used to produce novel therapeutics that would aid in the treatment of human diseases and to manufacture new drugs. The use of an animal model aids in target validation, toxicity and safety screening, medication screening and lead optimization, and preclinical drug safety and efficacy analyses. These are important factors that are boosting the global animal model market’s expansion.
However, raising animal welfare concerns, which have prompted research organizations to look for alternative measures, mostly to reduce the number of vertebrate animals used in research, may have a negative impact on the market’s development. Humanized mouse models are useful methods for performing preclinical experiments in order to learn more about human biology. These models are generated by engrafting human cells or tissues into mice, resulting in the expression of human proteins.
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The ongoing COVID-19 pandemic is an unparalleled public health threat, prompting an expansion in vaccine and antiviral drug research and production. As a result, vast numbers of animals are used to check the effectiveness and safety of vaccines and antiviral drugs prior to administering clinical trials. The CRISPR segment of the market is projected to rise at a significant growth rate, owing to the decrease in the cost and time required for genome editing, as well as the ability to produce animal models with genetic modifications. CRISPR technology is now used to create animals that can be used to monitor human disease development and test new treatments in a controlled environment.
North America is projected to have the largest share of the global animal model market in the coming years on a geographic level. In this area, there is a lot of talk about increasing government support and evolving policy about the use of animal models. Furthermore, massive investments in biogenic studies are set to propel the North American animal model industry further in the coming years.
Key segments of the global animal model market
Animal Type Overview, 2018-2028 (USD Billion)
• Mice
• Rat
• Pig
• Rabbit
• Other animals
Application Overview, 2018-2028 (USD Billion)
• Applied research
• Drug discovery and development
• Production and quality control/assurance
• Other applications
End-use Overview, 2018-2028 (USD Billion)
• Academic research institutes
• Pharma & biotech companies
• Contract research organizations
Regional Overview, 2018-2028 (USD Billion)
• North America
o U.S.
o Canada
• Europe
o Germany
o United Kingdom
o France
• Asia Pacific
o China
o Japan
o India
• South America
o Brazil
o Mexico
• Middle East & Africa
o GCC
o South Africa
Global Animal Model Market Insight and Forecast to 2025
Chapter 1 Animal Model Market Report Overview
Chapter 2 Global Growth Trends
Chapter 3 Market Competition by Manufacturers
Chapter 4 Animal Model Market by Regions
Chapter 5 Animal Model Market by Region
Chapter 6 Market by Type (2020-2025)
Chapter 7 Market by Application (2020-2025)
Chapter 8 Company Profiles and Key Figures in Animal Model Market Business
Chapter 9 Production and Supply Forecast
Chapter 10 Marketing Channel, Distributors, and Customers
Chapter 11 Industry Trends and Advanced Strategy
Chapter 12 Conclusions
Chapter 13 Appendix
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