Report ID: SQMIG35A2418
Report ID:
SQMIG35A2418 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
63 |
Figures:
75
Animal Model Market size was valued at USD 2.44 Billion in 2023 and is poised to grow from USD 2.63 Billion in 2024 to USD 4.79 Billion by 2032, growing at a CAGR of 7.8% during the forecast period (2025-2032).
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.
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Report ID: SQMIG35A2418