Animal models are being increasingly used in the biomedical research which helps in the development of the new therapy methods for the treatment of various diseases. The model is chosen usually because it meets the determined taxonomic equivalency to a human for the research and investigation purpose so as to get the better understanding of the human disease. The rising prevalence of the various chronic disease has been so rapid that government is heavily investing in such research activity thereby fueling the market growth. Also, the growing innovation in genetic engineering that helps in evaluating the drug's mechanisms of action is again boosting the demand for the drug discovery thereby raising the demand for the animal model. As per the latest report added by Value Market Research, the Global Animal Model Market was valued USD 1,540.6 MN (by revenue) in 2017 and is anticipated to reach USD 2,572.8 MN by 2024 with a CAGR of 7.5%.

Mice Are Highly Preferred Species As An Animal Model

The mice is leading the segment owing to their phylogenetic relatedness and physiological similarity to humans and the ease of maintaining and breeding them in the laboratory. Also, they are an ideal choice for genetic studies as its genome can be manipulated and analyzed. By the end of 2024, the segment is expected to touch USD XX.X MN.



Physiology Emerged As The Largest Application Area

Physiology has dominated in 2017 and is projected to reach USD XX.X MN by the end of 2024. The animal model is highly used in physiology since it helps to gain valuable insights into physiology structure in a human which can be further helpful for the treatment of various clinical disorders.



Pharmaceutical Industry To Lead The End-User Segment

The pharmaceutical industry is dominating the segment owing to the growing number of preclinical examination for the novel drug development in response to meet the huge unmet need of patients around the world. The segment is estimated to generate USD XX.X MN by end of 2024.



North America Holds The Maximum Market Share In Global Animal Model

North America has led the global animal model market in 2017 and is expected to reach USD XX.X MN by end of 2024. The dominance of North America can be attributed to the increasing investments being made in animal model research in the region, along with favorable policies reformed by the respective regulatory bodies to raise the funding plans in research activity.



Competitive Insight

Charles River Laboratories, Envigo, GenOway S.A, Harlan Laboratories, Janvier Labs, SAGE Labs, Taconic Laboratories, Transgenic, Inc., and Transposagen Biopharmaceuticals. The mice is leading the segment owing to their phylogenetic relatedness and physiological similarity to humans and the ease of maintaining and breeding them in the laboratory. Also, they are an ideal choice for genetic studies as its genome can be manipulated and analyzed. By the end of 2024, the segment is expected to touch USD XX.X MN.Physiology has dominated in 2017 and is projected to reach USD XX.X MN by the end of 2024. The animal model is highly used in physiology since it helps to gain valuable insights into physiology structure in a human which can be further helpful for the treatment of various clinical disorders.The pharmaceutical industry is dominating the segment owing to the growing number of preclinical examination for the novel drug development in response to meet the huge unmet need of patients around the world. The segment is estimated to generate USD XX.X MN by end of 2024.North America has led the global animal model market in 2017 and is expected to reach USD XX.X MN by end of 2024. The dominance of North America can be attributed to the increasing investments being made in animal model research in the region, along with favorable policies reformed by the respective regulatory bodies to raise the funding plans in research activity.Charles River Laboratories, Envigo, GenOway S.A, Harlan Laboratories, Janvier Labs, SAGE Labs, Taconic Laboratories, Transgenic, Inc., and Transposagen Biopharmaceuticals.

As per this study, the Global Animal Model Market was valued USD X,XXX.X MN (by revenue) in 2019 and is anticipated to reach USD X,XXX.X MN by 2026 with a CAGR of X.X%.



Animals model are those animals on whom biological and pathological experiments are performed and tested. The animal models are used because human beings and animals share a common biological and physiological structure. Though, the animals have a shorter lifespan but high genotype resemblance. Animal models are used increasingly in the biomedical research which helps in the development of the new therapy methods for the treatment of the diseases. With the help of the animal models, a better understanding of the disease can be done and the efficacy of the drugs can also be achieved. The animal research has a very important role in healthcare and medicinal science over the past century, in order to aid the understanding of the various disease.



Market Dynamics



Rising application of animal species in order to develop various novel therapy is likely to raise the growth of the animal model market. Moreover, the growing need to develop the more novel drugs in order to meet the huge unmet demand is estimated to the raise the growth. Growing various genetic disorders across the globe and increasing research field is serving as driving factor for. Also, the growing demand for an animal model to carry out various studies of the disease and human physiology is another major factor driving the growth of the market. However, the high cost of the study and strict regulatory framework is likely to hamper the market growth.



This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of animal model.



Market Segmentation



The broad animal model market has been sub-grouped into species, application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.



By Species Market Share 2019







By Species Rats

Mice

Guinea Pig

Rabbits

Monkeys

Dogs

Cats

By Application Physiology

Toxicology

Cancer Research

Neurological Research

Biomedical Research

Genetic Research

Xenotransplantation

By End-User Pharmaceutical Companies

Research Institutes

Contract Research Organizations

Educational Institutes Regional Analysis



Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for animal model in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.



Europe Animal Model Market By Revenue (USD MN)







The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the animal model market include Charles River Laboratories, Envigo, GenOway S.A, Harlan Laboratories, Janvier Labs, SAGE Labs, Taconic Laboratories, Transgenic, Inc., and Transposagen Biopharmaceuticals.. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.





METHODOLOGY:



A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand. Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for animal model in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the animal model market include Charles River Laboratories, Envigo, GenOway S.A, Harlan Laboratories, Janvier Labs, SAGE Labs, Taconic Laboratories, Transgenic, Inc., and Transposagen Biopharmaceuticals.. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.