Market Overview:
Validity and target identification, toxicity and security screening, drug screening and lead optimization, and preclinical investigations of drug safety and efficacy can all benefit from the use of an Animal Model Market. Over the forecasted years, this is likely to drive the Animal Model Market. Developing global genetic disorders and a growing research sector is expected to drive the market in the approaching years.
Furthermore, the market is expected to be fueled by the increased demand for animal models to conduct various studies on illness and human physiology throughout the estimated period. Some constraints and problems can stifle market expansion. The high cost of research and the strict regulatory environment are two reasons that could slow industry expansion.
The market is expected to grow due to the rising demand for personalized medicines, increased awareness among researchers about physiological similarities among both humans and animals, and rising adoption of genetics several research institutes and the biopharmaceutical industry have boosted their use of animal models in pre-clinical development.
Market Segmentation
The market is divided into Cats, Pigs, Mice, Monkeys, and Others based on the animal kind. The mice category is projected to be the most profitable. The factors can be linked to mice's ease of care and breeding in the laboratory, as well as their physiological and phylogenetic similarities to humans.
The rat segment is the leading revenue contributor by animal type, and it is expected to expand significantly during the forecast period. Increased use of rat models to study a variety of complex disorders, increased demand for rat models in biomedical research to better understand current health issues, increased advancements in gene editing tools, increased consumption of personalized medicine in developing and developed countries, continued government support in the form of investment opportunities and grants, and increased use of rat models in drug development
Regional Classification
North America is predicted to have the largest geographic share of the global animal products market in the future years. In this region, there is a lot of talk about increasing government financing and modifying policies around the use of animal models. Furthermore, massive investments in biogenic research are projected to propel the North American animal model industry forward in the future years. Europe and the Asia Pacific, on the other hand, are expected to dominate the animal model market in the approaching years.
The animal model market will gain from the growing significance of mouse clinical trials (MCTs) and continuous investments in research activities. Because of the rising spectrum of innovations, the availability of improved healthcare systems, and the rise in pre-clinical activities by CROs, the Asia-Pacific animal model market is likely to have significant growth potential. As a result, all of these factors are expected to propel the animal model market ahead.
Industry News
IGM Biosciences has signed a two-year deal that will play a key role in the development of IGM's unique therapeutic IgM antibodies in April 2021. Following this step, the animal model market experiences some positive developments. In addition, Horizon Discovery Group Plc. is carving out a position for itself in gene editing and cell line engineering manipulation.
Competitive Landscape
The animal model market players are as follows:
Horizon Discovery Group plc
Charles River Laboratories International, Inc.
Transposagen Biopharmaceuticals, Inc.
Trans Genic Inc
Envigo CRS SA
Eurofins Scientific SE
Crown Bioscience, Inc.
The Jackson Laboratory
Genoway SA
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