Animal Model Market Overview:
Animal Model Market is projected to achieve a value of USD 2,846 Million in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 4,923 Million by 2033 with a CAGR of 7.4% during the forecast period 2023-2033.
Animal models are non-human living organisms that are used in research and experimentation because they have many immunological and pathological traits with humans. They are used in the diagnosis, treatment, prognosis, and investigation of diseases in addition to cellular and histological research. According to the U.S. Department of Agriculture, 100 million mice, rats, and one million other animals were housed in captivity across the nation in 2019 for research and laboratory testing. Using human models for research is contentious on many levels since it puts human lives at risk. Use of animal models that closely reflect human systems is therefore recommended.
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Opportunities and Challenges:
There are also substitutes like computer models, tissue cultures, and cell cultures. However, because live systems are so complicated, animal models are the favored choice. Animal models are being used in place of people to guarantee safety due to high illness incidence rates and medication side effects. Therefore, it is anticipated that as the pharmaceutical industry grows, the market will become stronger due to the ongoing need for laboratory animals in pharmaceutical research.
The government is getting more involved in academic and research organizations as a result of the development of standard protocols related to animal models. Researchers use animal models for fundamental research to create new treatment approaches for human disorders and to evaluate the safety and efficacy of generated medications in preclinical settings. The market is also expected to be influenced in part by continuing advancements in animal models, the accessibility of modern healthcare systems, and a discernible increase in the demand for modern healthcare facilities.
Animal Model Market Trends and Analysis:
Historically, biomedical research that aids in the development of novel treatment approaches for a range of ailments has made extensive use of animal models, such as humanized mice. However, because it provides a better understanding of other diseases in addition to the effectiveness of treatments with regard to many diseases, the demand for various animal species in the healthcare sector has surged recently.
It takes a lot of effort and time to generate genetically modified animals for preclinical models that are more likely to be useful. This problem has been lessened, though, by recent advancements in animal research and the use of novel experimental techniques by scientists to better understand the biology of particular diseases.
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Market Segmentation:
By Application:
- Research & Development
- Production
- Quality Control
By Animal Type:
- Pigs
- Cats
- Mice
- By Technology:
- CRISPR
- Microinjection
- Embryonic Stem Cell Injection
By End-User:
- Research Institutes
- Educational Institutes
- Pharmaceutical Companies
- Contract Research Organizations
Market Regional Analysis:
North America dominate the Animal Model Market with the highest revenue generating market with share of more than 43%. The increasing prevalence of chronic illnesses, the emergence of new infectious strains, and the growing economic investments on healthcare in North America are expected to support research efforts in the region. Furthermore, the expansion of research activities conducted by research and academic institutions is anticipated to drive regional growth.
The animal model market in Europe holds the second-largest market share, with a significant concentration of toxicological, nutritional, immunological, and medical laboratories in the region expected to drive revenue growth. Specifically, the market in Germany is the largest in the region, while the market in the United Kingdom is the fastest-growing within Europe.
Asia-Pacific is estimated the fastest growing CAGR in Animal Model Market in forecasted period. The growth in market revenue can be attributed to features like ease of manipulation, short lifespan, and high reproducibility, which have gained adoption in various industries throughout the Asia-Pacific region. Notably, the animal model industry in China claims the largest market share, while the market in India is experiencing the fastest growth among countries in the Asia-Pacific region.
Key Players in the Animal Model Market:
- The Jackson Laboratory
- Hera Bio labs
- Oz gene Pty Ltd
- Trans Genic Inc.
- Geno way S.A
- Taconic Biosciences
- Javier Labs LLC
- Inuit, Inc.
- Charles River Laboratories
- Crown Bioscience Inc.
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