The global animal model market size is expected to reach USD 2.63 Billion in 2030 and register a revenue CAGR of 6.2% over the forecast period, according to latest report by Reports and Data. Rapid growth in drug discovery and development in pharmaceutical sector, along with increasing use of animal models in basic and applied research, are expected to drive market revenue growth during the forecast period. Increasing demand for mice models for laboratory tests, clinical research, as well as for educational purposes, is expected to support revenue growth of the global animal model market in the near future.
Rising demand for drugs, vaccines, and monoclonal antibodies against emerging diseases has led to increased use of animal models for research & development processes. Mice models are widely used in pharmaceutical as well as biotechnological institutions, due to their small size, average to small span of life and reproductive cycle, and ease of genetic manipulation. The similarity of organ systems of mice with humans also makes them an essential component for drug development and screening, which is increasing demand for mice as an animal model and is expected to drive revenue growth of the market in the near future.
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Market Dynamics:
The pharma and healthcare sector has significantly advanced in the recent years and is expected to register steady revenue growth over the forecast period owing to rapid innovations in medical technology, increasing investments, rising healthcare expenditure and high adoption of advanced products and systems. Factors such as rising prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, and neurological disorders across the globe, rising cases of coronavirus, improving healthcare infrastructure and research facilities, and increasing adoption of remote patient monitoring services and home care settings are expected to fuel global market revenue growth over the forecast period. In addition, increasing number of hospitals and ambulatory care centers worldwide, high demand for personalized medicine, increasing investments in drug discovery and growing investments by public and private sectors are expected to drive global market growth in the coming years.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Animal Model market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.
Leading companies operating in the market are:
Charles River Laboratories International, Inc., The Jackson Laboratory, Laboratory Corporation of America Holdings, Horizon Discovery Group plc, Trans Genic Inc., genOway, Taconic Biosciences, Inc., Envigo, Inotiv Inc., Janvier Labs, and Ingenious Targeting Laboratory (Ingenious).
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Animal Model Market Segmentation:
Species Outlook (Revenue, USD Billion; 2019-2030)
- Rats
- Mice
- Rabbits
- Canines
- Zebrafish
- Mini-pigs
- Sheep
- Goat
- Horse
Application Outlook (Revenue, USD Billion; 2019-2030)
- Drug Discovery and Development
- Basic and Applied Research
- Academic Learning
- Others
Regional Outlook:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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