Animal Model Market 2022
The growth of the global Animal Model Market is driven by various factors, such as the growing use in biomedical research to develop new treatment methods, to understand biocompatibility during drug development and cellular responsiveness of the implant at an early stage. Due to all these factors, the demand for animal models is growing in the healthcare sectors. There are large numbers of players involved in the development of new animal model technologies. Some of the key companies operating in this market are Janvier Labs, GenOway S.A., Charles River Laboratories, Taconic Laboratories, and others.
According to MRFR analysis, Global Animal Model Market is expected to register a CAGR of 7.8% during the forecast period of 2020 to 2027 and is anticipated to reach USD 3,632.48 Million by 2027.
However, alternatives such as cell cultures, computer models, & tissue cultures and also the ethical issues on using animals for research activities hamper the market growth.
Major Key Players:
Some of the key players in the global Animal Model Market are Janvier Labs (France), GenOway S.A. (France), Envigo (US), Charles River Laboratories (UK), Taconic Laboratories (UK), Transgenic, Inc. (Japan), SAGE Labs (US), Horizon Discovery (England), Crown Bioscience Inc. (US), Harbor Antibodies Bv (A Subsidiary of Harbor BioMed) (Massachusetts) and many more.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/animal-model-market-9709
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Animal Model Market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The Americas is expected to be the largest market owing to the presence of a large number of companies providing animal models such as Crown Bioscience Inc., Envigo, Harbor Antibodies Bv, and many more. Additionally, the rising demand for the use of non-human models in scientific research contributes to the growing Animal Model Market in this region. According to the US government statistics around 780,070 number of laboratory animals were used in research in 2018, which has been increased by 5.7% from 2017. The increasing use of animal models drives market growth in this region.
The European Animal Model Market is the fastest-growing market, and it has been categorized as Western Europe and Eastern Europe. The Western European market has further been divided as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The increasing R&D to develop novel vaccines, rising use in cancer and Alzheimer’s research, and growing funding for research activity boosts the market growth. The European Community supports research activity by providing sufficient funding. The European Community has funded around USD 10.79 to 11.87 million for 4 to 5 years for the research studies. Additionally, it was reported that the German Federal Ministry of Food and Agriculture, (BMEL) reported that around 2.825.066 animals were used for research purposes in Germany in 2018 which enhances the market growth.
The global animal model research has been segmented based on animal type, technology, application, and end-users
The global Animal Model Market has been segmented, on the basis of animal type, into pigs, mice, rats, rabbits, and others. The rat segment is expected to hold the maximum share of the market throughout the forecast period. The rabbit segment is expected to be the fastest-growing during the assessment period. On the basis of technology, the market is segmented into CRISPR and other technologies. Based on CRISPR the market has been segmented into microinjection and electroporation.
Based on the application, the market is segmented research and development and production and quality control. Research and development have been further sub-segmented into cardiovascular, infectious diseases, metabolic diseases, immunological diseases, cancer, diabetes, genetic diseases, neurological diseases, and others.
On the basis of end-user, the market is segmented into research institutes, educational institutes, pharmaceutical companies, and contract research organizations.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 646 845 9312