The global Animal Model Market size is expected to be worth US$ 1.7 billion in 2022, rising to US$ 2.4 billion by 2028, with a robust CAGR of 6.6% from 2022 to 2028.
Demand for animal models in academic and research organisations is expected to grow at a CAGR of 7% from 2022 to 2028. From 2013 and 2021, the worldwide animal model market expanded at a 5.3% annual pace.
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Leveraging Animal Models offers Better Understanding of Different Diseases
Animals and humans have a similar biological and physiological structure. Animals have a shorter life cycle, yet they share a high genetic resemblance. In comparison to humans, controlling the animal environment is straightforward and easy.
Key Takeaways from FMI’s Report on Global Animal Model Market
- North America’s market is estimated to account for more than 38% of the worldwide market share by 2022.
- Because of development in experimental services by biotech and pharmaceutical corporations through drug discovery, an increase in CROs’ use of animal models, and an increased focus on tailored pharmaceuticals, the United States is anticipated to be a dominating country in the animal model market.
- The Chinese market has a significant value share of the worldwide market and is expected to maintain its dominance during the forecast period.
- Revenue from rat-based animal models is expected to account for more than 40% of the market share by 2028.
- Academic and research institutions are expected to continue to be the fastest-growing end users of animal models. Almost 50% of the animal model industry is accounted for by academic and research institutes.
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Key companies actively contributing to growth of the global animal model market include
- Charles River Laboratories International, Inc.
- Horizon Discovery Group plc.
- The Jackson Laboratory
- Taconic Biosciences, Inc.
- Genoway SA
- Eurofins Scientific SE
- Crown Bioscience, Inc.
- Envigo CRS SA
- Transposagen Biopharmaceuticals, Inc
Horizon Discovery Group plc. announced a partnership and licence agreement with Mammoth Biosciences in January 2020 to gain access to Mammoth’s unique CRISPR technology, making it easier to provide a new generation of genetically altered CHO cells for the manufacture of biotherapeutics such as therapeutic antibodies.
More Insights Available:
North America’s market is estimated to account for more than 38% of the worldwide market share by 2022.
Substantial investments are being made in animal model research in North America, and relevant government regulations are being revised to stimulate funding plans for animal model research.
Several of North America’s largest animal model solution suppliers are projected to make significant expenditures in biogenic research. North America will remain the most profitable market for animal models.
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Key Segments of Animal Model Industry Research
Animal Model Market by Species:
- Rats
- Mice
- Guinea Pigs
- Rabbits
- Monkeys
- Dogs
- Pigs
- Cats
- Other Species
Animal Model Market by End User:
- Academic & Research Institutions
- Pharmaceutical Companies
- Biotechnology Companies
- Contract Research Organizations (CROs)
- Other End Users
Animal Model Market by Application:
- Basic and Applied Research
- Drug Discovery/Development
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