Animal Model Market's CAGR of 6.5% Expected through 2029

Posted 2024-01-08 10:50:15

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The global animal model market was estimated to be worth USD 18.4 billion in 2022. From 2023 to 2029, animal model revenue is expected to grow at a compound annual growth rate (CAGR) of 6.5%. By 2029, the market is expected to grow to nearly USD 28.59 billion. Non-human animals used in biomedical research as animal models are essential for simulating biological processes or diseases seen in humans. The increasing importance of pathogenesis studies and disease modeling is driving the need for animal models that faithfully mimic particular human diseases. The demand for genetically engineered models that mimic the pathological characteristics of specific diseases is rising noticeably. These disease models play a major role in the development and testing of therapeutic interventions by pharmaceutical and biotechnology companies.

Animal Model Market Report Scope and Research Methodology

By carefully analyzing market segments, the report offers insightful information about the structure and dynamics of the Animal Model Market. Additionally, it forecasts the size of the market for Animal Models. To help investors, the report provides a clear competitive analysis of major players, taking into account variables like type, price, financial position, product portfolio, growth strategies, and regional presence.

This report goes deep into the strategies of top players in the Animal Model industry, coupled with an intricate analysis of market segments and regions. Dynamics such as drivers, restraints, opportunities, and challenges are meticulously examined for each region and segment. It also provides figures for import/export consumption, supply and demand, pricing, cost, revenue, and gross margins—a valuable resource for investors. Data for the report was gathered through primary methods like questionnaire distribution, surveys, and interviews with industry experts, market leaders, and entrepreneurs. The global and regional Animal Model market size was estimated using a bottom-up approach, and SWOT analysis identified the strengths and weaknesses of key players.

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Animal Model Market Segmentation

By Species, Mice and rat segments dominate the animal model market and are expected to grow during the forecast period. Mice and rats show a considerable genetic similarity with humans, allowing researchers to study diseases and test treatments in models that closely mimic human biology. This improves the application of research outcomes, attracting pharmaceutical and biotech companies looking for reliable preclinical models. The demand for animal models that closely reflect human responses drives market growth. Mice and rats are cost-effective to breed and maintain compared to larger animals. This cost efficiency is important for researchers working within budget constraints.

by Species

Mice and Rats
Zebrafish
Rabbits
Monkeys
Dog
Pigs
Cat
Other Species

by Application

Basic Research
Drug Development
Neuroscience

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Market Key Players

1. Charles River Laboratories International, Inc.
2. Horizon Discovery Group plc.
3. The Jackson Laboratory
4. Taconic Biosciences, Inc.
5. Genoway SA
6. Eurofins Scientific SE
7. Crown Bioscience, Inc.
8. Envigo CRS SA
9. Transposagen Biopharmaceuticals, Inc.
10. Ozgene Pty Ltd.
11. Inotiv, Inc.
12. Janvier Labs
13. LLC, Crown Bioscience Inc.
14. Genoway S.A.
15. Hera Biolabs

Market Regional Insights

North America (United States, Canada, and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

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