Animal Model Market: Horizon 2028 Insights - Opportunities and Challenges with Size, Share, and Growth - TechSci Researc

Posted by Kumar on January 23rd, 2024

The Global Animal Model Market, detailed in the TechSci Research report titled, "Animal Model Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," exhibited a value of USD 1.67 billion in 2022, poised to grow at a Compound Annual Growth Rate (CAGR) of 7.64% from 2024 to 2028. This comprehensive analysis delves into the intricate web of factors driving the market, including the global burden of chronic diseases, the evolution of genetic engineering techniques, and the expanding pharmaceutical and biotechnology industries.

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Global Burden of Chronic Diseases:

The escalating global burden of chronic diseases, spanning cancer, diabetes, cardiovascular diseases, and neurological disorders, has created an urgent need for the development of novel pharmaceuticals and treatments. Animal models emerge as indispensable tools in preclinical testing, enabling researchers to evaluate drug safety, efficacy, and mechanisms of action. This mitigates the risks associated with human clinical trials, fostering a demand for more effective therapies to combat chronic conditions.

Evolution of Genetic Engineering Techniques:

One of the pivotal drivers of the animal model market is the continuous evolution of genetic engineering techniques. Researchers can now create genetically modified animals that closely mimic human physiological and pathological conditions. This has catalyzed innovative research in genetic disorders and personalized medicine. Genetically engineered models facilitate a deeper understanding of the genetic basis of diseases, driving the era of personalized medicine where treatments are tailored to an individual's unique genetic makeup and disease profile.

Pharmaceutical and Biotechnology Industry Expansion:

The pharmaceutical and biotechnology industries are experiencing rapid expansion, emphasizing the development of innovative drugs and therapies. Animal models remain essential in drug discovery and preclinical testing. By utilizing animal models for testing the safety and efficacy of potential drug candidates, pharmaceutical companies streamline their drug development pipelines, reducing time and costs associated with bringing new medications to market. This efficiency acts as a major driver for the sustained growth of the animal model market.

Segmentation Analysis of the Global Animal Model Market:

The TechSci Research report segments the Global Animal Model Market based on Animal Type, Application, Distribution Channel, Regional Distribution, and Company.

• Animal Type Segmentation: Mice Dominance Mice emerged as the dominant segment in 2022, owing to a variety of well-established and characterized mouse strains with unique genetic and physiological features. The practicality of mice in laboratory settings, their cost-effectiveness in maintenance and breeding, and the extensive knowledge and resources available make them accessible and affordable for a wide range of research institutions.
• Application Segmentation: Cancer Research Dominance Cancer emerged as the dominant application in 2022, reflecting the critical role of animal models in cancer drug development. These models assess the safety, efficacy, and potential side effects of new cancer therapies, enabling researchers to test novel treatments, evaluate mechanisms of action, and determine optimal dosages.
• Distribution Channel Segmentation: Pharmaceutical & Biotechnology Companies Lead Pharmaceutical & Biotechnology Companies emerged as the dominant segment in 2022. These organizations, at the forefront of drug discovery and development, heavily rely on animal models for preclinical testing, safety evaluations, and efficacy studies across diverse research needs, from oncology to neuroscience and cardiovascular disease.

1. Regional Dominance: North America Leading the Way:

North America emerged as the dominant player in the global Animal Model Market in 2022, holding the largest market share. The region, particularly the United States, houses a thriving biomedical and pharmaceutical industry, with numerous pharmaceutical and biotechnology companies, academic research institutions, and medical centers driving the demand for animal models. The adoption of advanced genetic engineering techniques, such as CRISPR-Cas9 technology, further propels the demand for genetically engineered animal models in North America.

Benefits of the Research Report:

The TechSci Research report on the Animal Model Market offers several benefits to industry professionals, researchers, and stakeholders:

a. Market Size and Growth Forecast:

• The report provides comprehensive insights into market size, growth trends, and a forecast with a CAGR of 7.64% from 2024 to 2028, aiding stakeholders in strategic decision-making.

b. Technological Advancements:

• In-depth insights into the continuous evolution of genetic engineering techniques, offering valuable information for industry professionals and researchers.

c. Consumer Trends and Preferences:

• Understanding the evolving trends and preferences in animal model applications allows stakeholders to adapt their strategies to meet market demands.

d. Segmentation Analysis:

• The comprehensive segmentation analysis provides a detailed understanding of market dynamics, helping stakeholders target specific areas for growth and development.

e. Regional Dominance and Market Influences:

• Insights into the regional dominance of North America and the influential factors shaping the market offer valuable information for market players seeking strategic expansion.

The Global Animal Model Market, fueled by the continuous evolution of genetic engineering techniques, the pharmaceutical and biotechnology industry expansion, and the urgent need for effective therapies for chronic diseases, stands as a critical component of preclinical research. The TechSci Research report serves as a valuable guide for industry professionals, researchers, and stakeholders, providing in-depth insights into market dynamics, competitive landscapes, and future opportunities. As the market continues to evolve, driven by technological advancements and growing demands in drug discovery, the role of animal models remains pivotal in shaping the future of pharmaceutical and medical research globally.

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Major companies operating in Global Animal Model Market are:

• Charles River Laboratories
• The Jackson Laboratory
• genOway
• Taconic Biosciences, Inc.
• Janvier Labs
• Harbour BioMed
• Crown Bioscience
• Inotiv
• BIOCYTOGEN
• BioSpherix, Ltd

 “The Global Animal Model Market is poised for significant growth in the coming years. The ever-increasing prevalence of chronic diseases, along with the pressing need for personalized medicine, is driving extensive research and development efforts that heavily rely on animal models. Advancements in genetic engineering techniques and the development of more sophisticated animal models, including humanized models, are expanding the utility and relevance of these models in translational research. Additionally, the ethical concerns surrounding animal welfare have prompted a push for more responsible and transparent research practices, which are expected to enhance the credibility and utility of animal models.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Animal Model Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Animal Type (Mice, Rat, Guinea Pigs, Rabbits, Hamsters, Others), By Application (Cancer, Immunological Disease, Infectious Disease, Others), By Distribution Channel (Pharmaceutical & Biotechnology Companies, Academic Research Institute, Contract Research Organization) Region and Competition”, has evaluated the future growth potential of Global Animal Model Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Animal Model Market.

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Animal Model Market  - https://www.techsciresearch.com/report/animal-model-market/21633.html

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