Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
The global animal model market size reached US$ 1,584 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 2,331 Million by 2027, exhibiting a growth rate (CAGR) of 6.76% during 2022-2027.
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| Animal Model Market Outlook |
Market Outlook:
Animal models represent living and non-human species widely used in medical research and investigations. They are frequently selected, owing to their vast similarities with the anatomy, genetics, and physiology of humans. In line with this, animal models aid in obtaining information regarding the diagnosis, prevention, and treatment of diseases without causing harm to a human. Some of the commonly available animal models include mice, gerbils, rodents, rats, guinea pigs, hamsters, etc. They offer ease of handling and a relatively low cost of use.
Opportunities in the Animal Model Market Globally:
The inflating need for personalized medicines and the growing prevalence of genetic disorders, such as Crohn’s disease, down syndrome, breast cancer, hemophilia, etc., are primarily driving the animal model market. Additionally, continuous advancements, such as the development of CRISPR-Cas9, a genome editing technology that helps in minimizing the time and cost required for enabling the production of animal models with extensive genetic modifications, are further catalyzing the market growth.
Apart from this, the widespread adoption of animal models in the pre-clinical development of drugs by researchers is acting as another significant growth-inducing factor. Moreover, they are also utilized in biomedical research, toxicology, physiology, neurological research, genetic research, cancer research, xenotransplantation, etc., which is positively influencing the global market.
Besides this, the sudden outbreak of the COVID-19 pandemic across countries is propelling the market growth. Furthermore, the rising investments by international organizations, including World Health Organization (WHO), and government bodies in R&D activities are anticipated to fuel the animal model market over the forecasted period.
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Animal Model Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global animal model market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- Biocytogen
- Charles River Laboratories International Inc
- Envigo
- Eurofins Scientific SE
- GenOway S.A.
- Hera BioLabs
- JSR Corporation
- Ozgene Pty Ltd.
- PerkinElmer Inc.
- Taconic Biosciences Inc.
- The Jackson Laboratory
- Trans Genic Inc.
Key Market Segmentation:
The report has segmented the global animal model market on the basis of animal type, technology, application, end user and region.
Based on Animal Type:
- Rat
- Mice
- Guinea Pigs
- Rabbits
- Others
Based on Technology:
- CRISPR
- Embryonic Stem Cell Injection
- Nuclear Transfer
- Others
Based on Application:
- Drug Discovery and Development
- Basic Research
- Others
Based on End User:
- Pharma and Biotech Companies
- Academic Research Institutes
- Others
Geographical Analysis:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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