Animal Model Market : Global Analysis by Key Players to 2027
Posted by vinit sawant on May 3rd, 2021
Thus, animal models have been hugely benefitting the biomedical community with additional flexibility, timely deliveries, and reduced transit times.
This, as a result, increases their adoption in various biological and biomedical studies. Moreover, the increasing innovation and research activities using immunodeficient animal models to study immune diseases, cancer, rare disease, and others escalate the market growth to furthered height.
According to Market Research Future (MRFR), the global animal model market share is poised to create a valuation of USD 3,632.48 million by 2027, growing at approximately 7.8% CAGR throughout the forecast period (2020 – 2027).
Increasing preference for animal models as a base material in various types of research activities is a key growth driver. Besides, rising research activities in contract research organizations (CRO) for drug discoveries boost the growth of the market.
Additionally, recent COVID 19 pandemic has created the demand for model animals with human versions of a protein called the ace2 receptor. This molecule is the hook that sars-cov-2, the virus which causes COVID-19. Resultantly, the market is estimated to garner massive traction in the years to come. On the other hand, stringent regulation on the use of animals in research and lack of skill of recapitulating the human biosystem in an animal model are major factors expected to impede the growth of the market.
Animal Model Market - Segmentations
The report is segmented into five dynamics;
By Animal Type: Mice, Rats, Pigs, Rabbits, and others.
By Technology : CRISPR, Microinjection, Electroporation, and others.
By Application : Research & Development, Production & Quality Control, and others.
By End-User : Pharmaceutical Companies, Contract Research Organizations, Research Institutes, Educational Institutes, and others.
By Regions: Europe, Americas, Asia Pacific, and Rest-of-the-World.
Players leading the animal model market include GenOway S.A. (France), Janvier Labs (France), Envigo (US), Taconic Laboratories (UK), Charles River Laboratories (UK), Transgenic, Inc. (Japan), Horizon Discovery (England), SAGE Labs (US), Harbor Antibodies BV (Subsidiary - Harbor BioMed - US), and Crown Bioscience Inc. (US), among others.
Like it? Share it!
About the Authorvinit sawant
Joined: July 4th, 2019
Articles Posted: 359
More by this author