Animal Model Market Demand, Overview, Size, Trend, And Forecast 2024-2033
Oct 15, 2024
5 min read
0The Animal Model Market was valued at US$ 1.9 billion in 2022 and it is anticipated to grow up to US$ 3.6 billion by 2032, at a CAGR of 6.6% during the forecast period.
Non-human organisms, usually animals, are employed in scientific research to examine biological processes, discover disease causes, create new therapies, and gain knowledge about human health and physiology. Animal models are important in many domains, including medicine, pharmacology, genetics, and toxicity. They enable researchers to comprehend complicated biological systems, test ideas, and make forecasts before proceeding to human trials.
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Market Drivers and Trends
The rising prevalence of chronic diseases such as cancer, cardiovascular disorders, and neurological conditions fuels the demand for animal models for research and drug development. Secondly, advancements in genetic engineering technologies, such as CRISPR-Cas9, enable the creation of more precise and relevant animal models mimicking human diseases.
Furthermore, increasing investment in biomedical research, particularly in pharmaceutical and biotechnology companies, stimulates demand for animal models. Moreover, growing initiatives in personalized medicine and regenerative therapies require robust preclinical testing, further boosting the utilization of animal models in research and development. These drivers are likely to propel market expansion.
Market Restraints and Challenges
Ethical concerns regarding animal welfare and the use of animals in research pose significant barriers to market growth, leading to regulatory scrutiny and public scrutiny. Additionally, the high costs associated with maintaining animal colonies, conducting experiments, and ensuring regulatory compliance present financial challenges for research institutions and pharmaceutical companies. Furthermore, differences in biology and physiology between animal models and humans may limit the translatability of research findings. Moreover, alternative methods such as in vitro models and computational simulations pose competition to traditional animal models, further complicating market dynamics. These aforementioned factors are likely to hinder the market growth.
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Animal Model Market Segmental Overview
The report analyses the Animal Model Market based on animal type, application, end-user, and region.
Animal Model Market by Animal Type
Based on animal type, the Animal Model Market is segmented into rat, mice, guinea pigs, rabbits, and others. The mice segment is expected to dominate the market during the forecast period. Increased investment and technical improvement in mouse model technologies are expected to fuel market expansion.
However, The guinea pig category will be the fastest increasing in the future years. Factors such as broad regulatory approval, well-characterized guinea pig strains, and a lack of alternative methodologies are expected to drive segment growth.
Animal Model Market by Application
By application, the market is classified into cancer, immunological disease, infectious disease, and others. The cancer segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period.
Animal Model Market by End-User
Based on end-user, the Animal Model Market is segmented into pharmaceutical & biotechnology companies, academic research institute, and contract research organization. In 2022, the pharma and biotech companies segment dominated the market in terms of revenue and is expected to be the same during the upcoming years.
On the other hand, the contract research organization segment is expected to develop at the quickest rate throughout the projection period.
Regional Analysis of the Animal Model Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America has the biggest market share in terms of Animal Model Market value followed by Asia Pacific. This is due to the region’s significant investment in biomedical research, particularly in pharmaceutical and biotechnology sectors, stimulating demand for animal models. Secondly, rising prevalence of chronic diseases and increasing focus on personalized medicine fuel the need for precise and reliable animal models for drug discovery and development. Thirdly, advancements in genetic engineering technologies, such as CRISPR-Cas9, enable the creation of more accurate disease models, enhancing their relevance in preclinical research. Moreover, collaborations between academic institutions, research organizations, and pharmaceutical companies drive innovation and promote the use of animal models in biomedical research in North America.
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Major Players in the Animal Model Market
The key players studied in the Animal Model Market are The Jackson Laboratory, Charles River Laboratories, Crown Bioscience Inc., Janvier Labs, Hera Biolabs, Taconic Biosciences, Genoway S.A., Inotiv, Inc., Ozgene Pty Ltd., and BioSpherix, Ltd. among others.
COVID-19 Impact
The COVID-19 pandemic has significantly impacted the animal model market drivers in North America. There has been an increased demand for animal models in COVID-19 research, particularly for vaccine development and testing, other areas of research may have experienced disruptions due to lockdowns, restrictions on laboratory activities, and redirection of resources. This fluctuating demand has posed challenges for suppliers and researchers alike. Additionally, the pandemic has highlighted the need for alternatives to traditional animal models due to concerns about supply chain disruptions, animal welfare, and the potential risk of zoonotic diseases. Consequently, there has been a renewed emphasis on developing and adopting alternative models, such as in vitro and computational models, which may impact the long-term growth of the animal model market. Furthermore, the economic downturn resulting from the pandemic has led to budget constraints for research institutions and pharmaceutical companies, potentially reducing investments in biomedical research and drug development projects that rely on animal models.
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Research Scope
Scope – Highlights, Trends, Insights. Attractiveness, Forecast
Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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