USD 2.26 Billion
Report ID:
SQMIG35A2418 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
63
|Figures:
75
Animal model Market size was valued at USD 2.26 Billion in 2022 and is poised to grow from USD 2.44 Billion in 2023 to USD 4.44 Billion by 2031, at a CAGR of 7.8% during the forecast period (2024-2031).
The purpose of the animal model market is to provide researchers with reliable and representative models that closely mimic human physiology and pathophysiology. The driving factors for the growth of the animal model market is the increasing prevalence of chronic and complex diseases, such as cancer, cardiovascular disorders, and neurological conditions. The animal model market presents significant opportunities. The development of genetically modified animal models, such as transgenic mice, allows researchers to study specific genes and their role in disease progression. Additionally, the rising demand for personalized medicine and the need for tailored therapies open opportunities for the development of patient-derived animal models and precision medicine approaches.
The global animal model market plays a crucial role in advancing scientific knowledge and drug development. While facing challenges such as ethical concerns and the emergence of alternative technologies, the market continues to provide valuable tools for understanding diseases and developing new treatments. The ongoing development of innovative animal models and the growing need for personalized medicine present opportunities for further growth and advancement in this field.
US Animal Model Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 2.26 Billion
Largest Segment
Mice
Fastest Growth
Mice
Growth Rate
7.8% CAGR
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The Animal Model Market is segmented on the basis of type, application, end users and region. Based on type, the market is segmented into Mice, Rat, Pigs, Rabbits, Hamsters, Others. By Application, the market is segmented into Cancer, Immunological Disease, Infectious Disease Diagnostics, Others. By end users, the market is segmented into Pharmaceutical & Biotechnology Companies, Academic Research Institute, Contract Research Organization By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Animal model Market Analysis by Type
Mice dominate the market, accounting for the largest share in 2022. Mice have long been the primary animal model for biomedical research due to their genetic similarity to humans, ease of handling, and relatively low cost. Their small size allows for efficient breeding and maintenance, making them highly suitable for large-scale studies. Mice are versatile models that can be genetically modified to mimic human diseases, enabling researchers to gain valuable insights into various conditions. With a market share of over 50%, mice hold a significant position in the animal model market.
The fastest growing segment in the animal model market is pigs. Pigs are gaining prominence as an animal model due to their physiological similarities to humans in terms of organ size, metabolism, and immunological responses. Pigs serve as valuable models for studying complex diseases and evaluating novel therapies. They are particularly relevant in research areas such as cardiovascular diseases, obesity, diabetes, and gastrointestinal disorders. The demand for pig models is rising steadily, driven by the need to bridge the gap between small animal models and human clinical trials. With a robust growth rate and increasing research applications, the pig segment is poised to be the fastest growing in the animal model market.
Animal model Market Analysis by Application
In 2023, the largest segment in the healthcare market is Cancer. Cancer accounts for the largest share due to its high prevalence and significant demand for treatments and diagnostics. Continuous advancements in therapies such as immunotherapy and targeted therapy, driven by substantial research and development (R&D) investments, bolster the market. The extensive costs associated with cancer treatments and ongoing patient care further underscore its dominant market position.
The fastest-growing segment in 2023 is Infectious Disease, driven by the impact of the COVID-19 pandemic. The urgent need for vaccines, treatments, and diagnostics has spurred rapid innovation and significant investment. Advances made during the pandemic are now being applied to other infectious diseases, further accelerating growth. Increased global awareness and funding for infectious disease preparedness have strengthened public health infrastructures, making this segment the fastest growing in the healthcare industry.
The fastest growing segment in the animal model market is Quality Control. Quality control refers to the application of animal models in ensuring the safety, efficacy, and quality of pharmaceutical products, medical devices, and biological materials. Animal models are used to assess product quality, conduct toxicity testing, and ensure compliance with regulatory standards. With increasing regulatory requirements and the need for stringent quality control measures in the pharmaceutical and healthcare industries, the demand for animal models in quality control applications is expected to grow rapidly. The Quality Control segment is characterized by its rising significance in maintaining product standards and ensuring patient safety.
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North America emerges as the dominating region in 2022. The region's dominance can be attributed to several factors, including a strong research infrastructure, a well-established pharmaceutical and biotechnology industry, and significant investments in biomedical research. The presence of leading research institutions, universities, and pharmaceutical companies in countries like the United States and Canada contributes to North America's prominence in the animal model market. Moreover, favorable government initiatives and funding for research activities further support the growth of the market in the region.
Asia Pacific is expected to be the fastest growing region in the animal model market. The region's rapid growth can be attributed to various factors, including the increasing focus on biomedical research, rising investments in healthcare infrastructure, and a growing demand for novel therapies. Countries such as China, India, Japan, and South Korea are witnessing significant advancements in biomedical research and development, leading to an increased demand for animal models. Additionally, the presence of a large population base and the prevalence of chronic diseases in the region contribute to the growth of the animal model market in Asia Pacific.
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Animal model Market Drivers
Increasing Demand for Personalized Medicine
Advancements in Gene Editing Technologies
Animal model Market Restraints
Ethical Concerns and Animal Welfare
High Costs and Complexities
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The global animal model market is highly competitive and comprises of several key players vying for market share. These companies engage in extensive research and development activities to develop innovative animal models and services to cater to the evolving needs of the pharmaceutical, biotechnology, and academic research sectors. Additionally, strategic collaborations, mergers, and acquisitions are commonly observed in the market as companies aim to strengthen their market presence and expand their product portfolios. The competitive landscape of the animal model market is characterized by intense competition, technological advancements, and a focus on customer-centric solutions. Market players strive to differentiate themselves through high-quality products, comprehensive service offerings, and strong customer support. With the growing demand for reliable and predictive animal models in drug discovery and development, these companies continue to play a crucial role in driving advancements in biomedical research and contributing to the overall growth of the animal model market.
Animal model Market Top Player’s Company Profiles
Animal model Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global animal model market analysis, animal models, such as mice, cats, and pigs, are widely used to study various diseases, test new drugs and therapies, and gain insights into human biology. The market analysis of the animal model industry involves studying factors like market size, growth trends, key players, and market dynamics. The market for animal models has been witnessing steady growth due to several factors. One of the driving factors is the increasing demand for effective treatment options for human diseases. Animal models provide valuable insights into disease mechanisms and help researchers develop and test potential treatments.
Advancements in genetic engineering technologies have led to the creation of genetically modified animal models that closely mimic human diseases, further driving the market growth. The animal model market presents significant opportunities for growth. The increasing focus on personalized medicine and the development of targeted therapies require the use of precise animal models. Moreover, the rising investments in biomedical research and the expanding pharmaceutical and biotechnology industries are driving the demand for animal models. The global animal model market plays a crucial role in biomedical research and drug development. It is driven by the need for better disease understanding and therapeutic advancements. While facing challenges and ethical considerations, the market offers significant opportunities for growth and innovation, with emerging trends shaping the future of animal models in scientific research.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.26 Billion |
Market size value in 2031 | USD 4.44 Billion |
Growth Rate | 7.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Animal Model Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Animal Model Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Animal Model Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Animal Model Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2418
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