Animal Model Market Size to Surpass US$ 2,503.4 Million by 2028, exhibiting a CAGR of 5.8%

IMARC Group, a leading market research company, has recently released a report titled “Animal Model Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global animal model market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What is the market for animal model?

The global animal model market size reached US$ 1,696.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,503.4 Million by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

What is animal model?

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.

What are the growth prospects and trends in the animal model market?

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 animal model market growth. Furthermore, the rising investments by international organizations, including World Health Organization (WHO), and government bodies in RD activities are anticipated to fuel the animal model market over the forecasted period.

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Animal Model Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

Who are the key players operating in the industry?

The report covers the major market players including:

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
Asia Pacific
Europe
Latin America
Middle East and Africa

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Report Highlights:

1.1   Overview
1.2   Drivers
1.3   Restraints
1.4   Opportunities
1.5   Impact Analysis

Porters Five Forces Analysis
2.1   Overview
2.2   Bargaining Power of Buyers
2.3   Bargaining Power of Suppliers
2.4   Degree of Competition
2.5   Threat of New Entrants
2.6   Threat of Substitutes

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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