Animal Model Market Growth, Future Trends, Key Players and Industry Analysis 2023-2028

IMARC Group has recently released a new research study titled “Animal Model Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the animal model market?

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 R&D 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.

Explore Full Report Description At: https://www.imarcgroup.com/animal-model-market

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

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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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