Global Animal Model Market Set to Reach USD 3,476.8 Million by 2034, With a Projected CAGR of 6%

Animal Model Market
Global Animal Model Market

The global animal model market is poised for significant growth, with an estimated revenue of approximately USD 1,943.3 million anticipated in 2024. This sector, which benefits from animals’ shorter life cycles, high genotype similarity, and ease of laboratory testing, is expected to expand steadily over the next decade.

According to the latest animal model demand analysis report, the market is projected to grow at a moderate Compound Annual Growth Rate (CAGR) of 6% from 2024 to 2034. By the end of this forecast period, the global animal model industry is anticipated to achieve a valuation of nearly USD 3,476.8 million.

The market is expected to grow due to the need for efficient preclinical models in drug development as well as an increase in research activities, according to the most recent animal model demand analysis report. Animal models are predicted to become much more in demand as long as scientists keep looking for trustworthy and effective ways to test medicinal theories.

Animal models play a crucial role in various stages of drug development, from initial discovery to preclinical and clinical trials. Their use enables researchers to understand biological mechanisms, test the efficacy and safety of potential treatments, and evaluate disease progression and therapeutic interventions.

Key Takeaways from the Animal Model Market Study Report:

  • The market in North America is expected to account for over 40% of the global market share in 2024, followed by Europe.
  • The United States creates the most demand for preclinical animal models in North America and is poised to advance further with a 6.7% CAGR through 2034.
  • Germany is expected to continue to be the most lucrative market for animal models in Europe, exhibiting a growth rate of 8.2% through 2034.
  • The United Kingdom is another notable market for the use of laboratory animals, which is likely to exhibit a 6.6% CAGR till 2034.
  • China is the leading supplier of animal models for preclinical research in Asia and is expected to witness a 6.1% CAGR through 2034.

Competitive Landscape for the Animal Model Market Participants:

The competition in the animal model industry is highly concentrated, and many contemporary participants are focused on the rat and mouse model segment. However, the approval and adoption of many other animal species, like pigs or non-human primates, is expected to diversify the market by increasing animal model suppliers.

“Rising demand for biomedical research animals and their increased use in the development of personalized medicine has created new opportunities for existing animal model suppliers. Further, more government support in the form of funding and subsidies for supplying laboratory animals in pharmacological studies has encouraged many start-ups in recent years,” – says a lead analyst at FMI.

Key Players Profiled in the Animal Model Market Report:

  • 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.

A Old Full  Report Analysis Click Here

Key Segments Covered by Animal Model Industry Survey Report:

By Species Type:

  • Rats
  • Mice
  • Guinea Pigs
  • Rabbits
  • Monkeys
  • Dogs
  • Pigs
  • Cats
  • Other Species

By Application:

  • Basic and Applied Research
  • Drug Discovery and Development
  • Other Applications

By End User:

  • Academic & Research Institutions
  • Pharmaceutical Companies
  • Biotechnology Companies
  • Contract Research Organizations (CROs)
  • Other End Users

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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