The global animal model market is projected to reach USD 30.79 billion by 2028, growing at a CAGR of 7.9%. Physiological similarities between human and animal, growing consumption of personalized medicine and growing R&D expenditure in the pharmaceutical & biopharmaceutical industry are some of the factors driving the growth of the global animal model market.
Adroit Market Research report on global Animal model market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018 to 2019, with the base year of estimation as 2020 and forecast from 2021 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global animal model market have been studied in detail.
The global animal model market is categorized based on animal type, application and end-use. On the basis of animal type, the market is segmented into mice, rat, pig, rabbit and other animals. The mice dominated the market in 2020. On the basis of application, the market is segmented into applied research, drug discovery and development, production and quality control/assurance and other application. By end-use, the market is segmented into academic research institutes, pharma & biotech companies and contract research organizations. In 2020, the pharma & biotech companies accounted for the largest share of the global animal model market.
North America dominated the market for animal model in 2020, while Asia-Pacific is set to grow at the highest CAGR due to rising preclinical activities by CROs. Key players of the global animal model market include Charles River, genOway, Envigo, Harbor BioMed, PharmaLegacy, Janvier Labs, Taconic Biosciences Inc., Trans Genic Inc., The Jackson Laboratory among others.
Key segments of the global animal model market
Animal Type Overview, 2018-2028 (USD Billion)
- Other animals
Application Overview, 2018-2028 (USD Billion)
- Applied research
- Drug discovery and development
- Production and quality control/assurance
- Other applications
End-use Overview, 2018-2028 (USD Billion)
- Academic research institutes
- Pharma & biotech companies
- Contract research organizations
Regional Overview, 2018-2028 (USD Billion)
- North America
- United Kingdom
- Asia Pacific
- South America
- Middle East & Africa
- South Africa