Animal Model Market Accrues Phenomenally by 2026 with a Staggering CAGR
Most of the
biomedical researches are carried on animal
model with short-term
objective to study toxicity of drugs for developing new therapeutics
for certain diseases. The main objective of using animal model in
research is to determine how the animal will respond to the
treatment. The anatomical and physiological similarities between
humans and animals help the researchers to investigate novel
therapies in animal models before applying it on humans. The use of
animal model in research is based on fact that human diseases can
affect other animal species. It is not only limited for infectious
diseases but also for common diseased conditions including diabetes,
hypertension, cancer, epilepsy, and others.
Animal Model Market Outlook
Increasing number of
research based on animal test to develop novel drugs is a major
factor that boosts the animal model market growth. For instance, as
per data reported in Annual Statistics of Scientific Procedures on
Living Animals, about 3.79 million scientific procedures were carried
out on protected living animals in Great Britain in 2017. Moreover,
as per data in Worldwide Animal Research Statistics, in 2016,
3,789,373 vertebrates per procedure and 110,553 mammals per procedure
(excluding rats and mice) have been used in research experiments
conducted in the U.S.
However, rising
concern for animal welfare by social and government organizations
leads to use lesser number of animals in research purpose, which may
hamper growth of the animal model market.
Animal Model Market Regional Analysis
On the basis of
region, the global animal model market is segmented into North
America, Latin America, Europe, Asia Pacific, Middle East, and
Africa.
Geographically, North
America is expected to witness conducive growth for animal model
market, owing to high presence of major market players in this
region. For instance, in September 2018, Taconic Biosciences, a U.S.
based company providing genetically engineered rodent model
solutions, announced partnership plans with Government Scientific
Source (GSS) to become the first animal model provider on general
services administration contract schedule. Taconic Bioscience’s
products are fit into GSS effort to support biomedical research
solutions within the U.S. federal government.
Moreover, in November
2018, Jackson Laboratory, an independent, nonprofit biomedical
research institution headquartered in Maine, the U.S., established a
dedicated quarantine facility for the importation of JAX Mice into
China. Thus, expansion of facilities by manufacturers in Asia Pacific
is expected to show high growth of the market during the forecast
period.
Increasing use of
animal models in research for developing vaccines is another major
factor, which will show significant growth for animal model market in
Europe. For instance, in November 2018, in the workshop organized by
EDUFLUVAC consortium, a European Union funded project, coordinated by
the European Vaccine Initiative, experts from influenza vaccine
community gathered to discuss the current knowledge and future
perspectives for testing broadly reactive influenza vaccines in
animal models. The workshop has been organized for summarizing the
outcome of “Experimental animal models for universal influenza
vaccines” project.
Key players in the
animal model market include Charles River Laboratories International,
Inc., Horizon Discovery Group plc, The Jackson Laboratory, Trans
Genic Inc, Taconic Biosciences, Inc., Genoway SA, Eurofins Scientific
SE, Crown Bioscience, Inc., Harbour Antibodies BV, Envigo CRS SA,
Ingenious Targeting Laboratory, and Transposagen Biopharmaceuticals,
Inc.
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Animal Model Market
Taxonomy
By Species Type
• Rodents
◦ Rats
◦ Mouse
◦ Woodchuck
◦ Guinea
Pigs
• Rabbits
• Monkeys
• Other Species
By Application
• Toxicology
studies
• Drug Discovery
and Development
• Basic and
Applied Research
• Others
By End User
• Academic &
Research Institutions
• Contract
Research Organizations (CROs)
• Pharmaceutical
companies
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
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Animal Model Market,Animal Model trends,Animal Model growth,Animal Model insights,Animal Model outlook
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