Rise in usage of animal models in virology and infectious diseases, increase in adoption of CRISPR technology, and upsurge in likelihood of epidemic or pandemic outbreaks drive the growth of the global animal model market. On the other hand, regulations and laws for ethical use of animals in research restrain the growth to some extent. Nevertheless, several growth opportunities in the emerging markets have proved to be beneficial for the market.
Increase in usage of animal models in virology and infectious diseases, rise in adoption of CRISPR technology, and upsurge in likelihood of epidemic or pandemic outbreaks fuel the growth of the global animal model market. On the other hand, regulations and laws for ethical use of animals in research impede the growth to some extent. However, several growth opportunities in the emerging markets have proved to be beneficial for the market.
The global Animal Model Market was estimated at $1.46 billion in 2020, and is anticipated to hit $2.67 billion by 2030, registering a CAGR of 6.1% from 2021 to 2030.
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Covid-19 scenario-
- The outbreak of the pandemic led to increase in demand for large number of animal models, due to surge in R&D activities related to vaccines and antiviral drugs.
- This trend is expected to persist in order to verify the safety & efficacy of new entities before going for human trials.
The pharma and biotech companies segment to maintain the dominant share-
By end user, the pharma and biotech companies segment contributed to around two-thirds of the global animal model market revenue in in 2020, and is projected to rule the roost by the end of 2030. The same segment would also grow at the fastest CAGR of 6.7% from 2021-2030. This is attributed to rise in number of preclinical activities, surge in number of pharmaceutical and biotechnology companies, technological advancements in animal models, and increase in usage of humanized mouse models for preclinical translational research.
The key market players analyzed in the global animal model market report include Envigo, Eurofins Scientific SE, GenOway S.A., JSR Corporation (Crown Bioscience Inc.), Charles River Laboratories International, Inc, Hera BioLabs (Transposagen Biopharmaceuticals), Ozgene Pty Ltd., PerkinElmer, Inc. (Horizon Discovery Group plc.), Taconic Biosciences, The Jackson Laboratory. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
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Key players in the industry-
- Envigo
- Eurofins Scientific SE
- GenOway S.A.
- Hera BioLabs (Transposagen Biopharmaceuticals)
- JSR Corporation (Crown Bioscience Inc.)
- Ozgene Pty Ltd.
- The Jackson Laboratory
- PerkinElmer, Inc. (Horizon Discovery Group plc.)
- Charles River Laboratories International, Inc,
- Taconic Biosciences
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