Categories
Business

Animal Model Market Projected to Reach US$ 2.9 Billion by 2032 with a 5.5% CAGR

The animal model market is anticipated to be valued US$ 1.7 billion in 2022, growing to US$ 2.9 billion by 2032, representing a 5.5% CAGR between 2022 and 2032.

The animal model market is a critical component of biomedical research, offering invaluable insights into the understanding of diseases, drug development, and therapeutic interventions. Animal models, ranging from rodents to non-human primates, play a pivotal role in studying complex biological processes, testing the efficacy and safety of pharmaceuticals, and advancing medical knowledge. They serve as indispensable tools for researchers and pharmaceutical companies, facilitating the translation of scientific discoveries into clinical applications.

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Animal Model Market Dynamics

The dynamics of the animal model market are influenced by several key factors:

  1. Biomedical Research: Animal models are fundamental to biomedical research, enabling scientists to investigate the genetic, physiological, and behavioral aspects of various diseases. They provide a platform for studying diseases like cancer, cardiovascular disorders, neurological conditions, and infectious diseases.
  2. Drug Development: Animal models play a crucial role in preclinical drug testing, allowing researchers to assess the safety, efficacy, and potential side effects of new pharmaceutical compounds. This stage is essential in the drug development pipeline before clinical trials in humans.
  3. Genetic Engineering: Advancements in genetic engineering techniques, such as the creation of transgenic and knockout animals, have expanded the capabilities of animal models, allowing for the study of specific genetic factors in disease development.
  4. Regulatory Compliance: Regulatory agencies require rigorous testing of new drugs and medical devices in animal models to ensure their safety and effectiveness before human trials. This regulatory compliance drives the demand for animal models in research.

Key Companies Profiled In This Report

  • Genoway SA
  • Eurofins Scientific SE
  • Crown Bioscience Inc.
  • Envigo CRS SA
  • Transposagen Biopharmaceuticals, Inc.
  • Trans Genic Inc.
  • The Jackson Laboratory
  • Horizon Discovery Group Plc.
  • Charles River Laboratories International Inc.

Animal Model Market Value Chain

The animal model market value chain comprises various stakeholders:

  • Animal Suppliers: These entities breed and supply laboratory animals, ensuring the availability of diverse animal models to research institutions.
  • Research Institutions: Universities, academic research centers, and pharmaceutical companies utilize animal models in their research programs to advance scientific knowledge and drug development.
  • Biotechnology and Pharmaceutical Companies: These organizations conduct preclinical studies using animal models to assess the safety and efficacy of potential drug candidates.
  • Contract Research Organizations (CROs): CROs specialize in providing preclinical research services, including animal testing, to pharmaceutical companies and research institutions.
  • Regulatory Authorities: Regulatory agencies oversee and enforce guidelines and standards for the ethical treatment and use of animals in research.
  • Animal Welfare Organizations: These organizations advocate for animal welfare and ethical practices in research, working to ensure the humane treatment of animals in laboratory settings.

Competitive Landscape

In the competitive landscape of the animal model system market, key suppliers are strategically pursuing avenues for expanding their customer base and solidifying their presence in the industry. This is being achieved through a series of acquisitions, mergers, collaborations, and partnerships. Recent investments by major corporations have presented opportunities for the sector to expand its global footprint. Some noteworthy developments include:

Taconic Biosciences and Biomodels Collaboration (April 2022): Taconic Biosciences and Biomodels joined forces to launch the Taconic-Biomodels Microbiome Initiative (TBMI). This initiative provides researchers with streamlined access to comprehensive germ-free and gnotobiotic microbiome study solutions, covering everything from initial design to data analysis. By combining resources and expertise, this collaboration aims to overcome long-standing obstacles in microbiome research, offering access to relevant disease models, germ-free animal production, and comprehensive in-vivo research support.

Inotiv Inc. and Envigo Acquisition (September 2021): Inotiv Inc. entered into an agreement to acquire Envigo, a significant move that strengthens both companies’ capabilities across the entire spectrum of discovery and non-clinical development services. This acquisition enhances their access to a wide range of products and services within a single organization, streamlining the research and development process for their clients.

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The animal model market is an integral part of biomedical research and drug development, contributing to scientific advancements and medical breakthroughs. Despite ethical considerations, challenges related to species specificity, and the emergence of alternative methods, animal models remain indispensable for understanding disease mechanisms and advancing healthcare. Researchers and institutions must continue to balance the benefits of animal models with ethical and regulatory responsibilities.

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Categories
Pharmaceutical

Rat-Based Animal Models to be Top Growth Driver in the Coming Years

The animal model market is expected to be worth US$ 1.7 Billion in 2022, rising to US$ 2.9 Billion by 2032, documenting a CAGR of 5.5% from 2022 to 2032. Animal Model market global report aims to provide reliable and useful industry information and data on the national and international markets thereby helping the market leaders, investors, small businesses, and others gain market intelligence from around the world.

The report provides the market players the insights needed to make key decisions with regard to international markets like expansion and investments. The report anticipates future economic, business, and political factors and trends that may impact their performance at regional and international level.

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Key Companies Profiled

  • Genoway SA
  • Eurofins Scientific SE
  • Crown Bioscience Inc.
  • Envigo CRS SA
  • Transposagen Biopharmaceuticals, Inc.
  • Trans Genic Inc.
  • The Jackson Laboratory
  • Horizon Discovery Group Plc.
  • Charles River Laboratories International Inc

Animal Model market report provides market critical information and data from a wide range of sources including industry leaders and opinion experts in the field of industry The report discusses the possible impacts of these scenarios on the price of the products and services. The research report has categorized the global Animal Model market by product, by application, by fiscal year, by country, and by region.

The study strategically analyses all the submarkets functional in the Animal Model market by studying individual growth trends, market share, total sales, annual revenue generated in US million dollars, the contribution of each sub-market to the overall growth.

What are the key highlights of our Animal Model market research report?

  • The report does a CAGR computation and covering regulatory updates, best Animal Model market practices, and new trends in the market.
  • The report does international Animal Model market analysis providing economic forecasts and country wise intelligence, risks forecast, and more.
  • The report provides domestic as well as international planning in terms of business expansion and investments.
  • The report suggests strategies to the Animal Model market participants that to enable them expand in their business in existing or new international markets.
  • The report is the overall outlook of the global Animal Model market economy.
  • The report covers all the topics in the Animal Model market to accurately predict the changes political, economic, and business issues and trends that may drive the market in future.

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The report covers all the topics, markets, and issues concerning the Animal Model market. The multinational businesses that are on top in the marketplace in the recent years and the topics related to the selected markets are covered in the report.

The report contains statistical data presented in the form of graphs and detailing the situation of the Animal Model industry in national and international markets. The research findings are supported by the international experts and analysts in the field of industry along with the risks and opportunities that exist in the market.

Animal Model Market: Segmentation

  • Animal Model Market by Species :
    • Rat Models
    • Mice Models
    • Guinea Pig Models
    • Rabbit Models
    • Monkey Models
    • Dog Models
    • Pig Models
    • Cat Models
    • Other Animal Species Models
  • Animal Model by Application :
    • Animal Models for Basic & Applied Research
    • Animal Models for Drug Discovery/Development
  • Animal Model by End User :
    • Academic & Research Institutions
    • Pharmaceutical Companies
    • Biotechnology Companies
    • Contract Research Organizations (Cros)
    • Other End Users
  • Animal Model by Region :
    • North America Animal Model Market
    • Latin America Animal Model Market
    • Europe Animal Model Market
    • South Korea Animal Model Market
    • APAC Animal Model Market
    • Middle East & Africa Animal Model Market

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 The key business strategies discussed in this market research revolve around-

  • How key market players in the Animal Model market are maintaining their competitive advantage in the wake of globalization?
  • What changing market dynamics in the Animal Model market specify about the future opportunities for manufacturers?
  • How Covid-19 pandemic affected sales in the Animal Model market and what strategies are expected to recover from its impact?
  • What business tactics are gaining attention and influencing Animal Model market rivalry?

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