The global Animal Model Market size is expected to reach USD 4.01 billion by 2030, according to a new report by Grand View Research, Inc. The market is estimated to register a CAGR of 8.6% over the forecast period. Factors, such as the growing demand for precision medicine coupled with the rising implication of animal models owing to physiological similarities between humans and animals are driving the global market growth. In addition, advancements in animal-based models and rising implications of genetic engineering are propelling market expansion. The rising burden of life-threatening diseases like cancer, neurological disorders, cardiovascular disorders, and immunological disorders created an exponential demand for animal models.
These
models help researchers in evaluating drug candidates, study disease
progression, and allow testing therapeutic remedies prior they testing in human
beings. Thus, the rising burden of chronic conditions has fueled the demand for
animal-based models for research purposes. In addition, increasing efforts by
pharmaceutical and biotechnology companies to develop novel therapeutics along
with an increasing number of preclinical trials are projected to fuel the
demand for various models like mice, guinea pigs, and others. Moreover, the
introduction of CRISPR technology has revolutionized the field of genetics and
biotechnology, while also allowing to create models with specific gene
modifications to understand human diseases and develop newer treatments.
CRISPR
technology offers a faster and more precise way to create animal models with
specific genetic modifications. Using CRISPR, researchers can easily introduce,
remove, or modify specific genes in the genome of an animal, allowing them to
create animal models with precise genetic changes that are relevant to human
diseases. For instance, in December 2022, Alberto Sols Biomedical Research
Institute & Complutense University of Madrid utilized the CRISPR gene
editing technique to incorporate a mutation into a mouse. The mutation carried
the MCT8 protein, which is responsible for transporting thyroid hormones to the
interior of human cells. The avatar mouse model will allow the researchers to
curate a targeted therapy for Allan-Herndon-Dudley syndrome, a rare condition
revealing an MCT8 mutation.
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summary: Animal Model
Market Report
Animal
Model Market Report Highlights
- The mice
segment dominated the market in 2022 with a revenue share of 52.7%.
Factors, such as increasing investments and technological advancement in
mouse model technology, are anticipated to drive the segment growth over
the forecast years
- The cancer
application segment held the largest revenue share in 2022 and is expected
to register the fastest growth rate over the forecast period
- The
pharmaceutical & biotechnology companies end-use segment dominated the
market with a revenue share of 39.1% in 2022. Increasing efforts by
companies to develop novel treatment regimens are projected to drive
segment growth over the forecast period
- North America
dominated the global industry in 2022 with a revenue share of 48.95% owing
to the presence of key companies and various strategic initiatives
undertaken by them
Animal
Model Market Segmentation
Grand View Research has segmented the global animal model
market based on animal type, application, end-use, and region:
Animal
Model Animal Type Scope Outlook (Revenue, USD Million, 2018 - 2030)
- Mice
- Rat
- Guinea Pigs
- Rabbits
- Hamsters
- Others
Animal Model Application Scope Outlook (Revenue, USD
Million, 2018 - 2030)
- Cancer
- Immunological
Disease
- Infectious
Disease
- Others
Animal Model End-use Outlook (Revenue, USD Million,
2018 - 2030)
- Pharmaceutical
& Biotechnology Companies
- Academic
Research Institute
- Contract
Research Organization
Animal Model Regional Outlook (Revenue, USD
Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Denmark
- Norway
- Sweden
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East
and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Kuwait
List
of Key Players of Animal Model Market
- Charles River
Laboratories
- The Jackson
Laboratory
- genOway
- Taconic
Biosciences, Inc.
- Janvier Labs
- Harbour
BioMed
- Crown
Bioscience
- Inotiv
- BIOCYTOGEN
- BioSpherix,
Ltd.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
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