Animal Model Market analysis research and trends report

1. Animal Model Market outlook with industry review and forecasts Fuel Cell Market size worth $25.5bn by 2024

2. KeyInsights from Animal Model Market : • Growing usage of animal models in the assessment and development of novel vaccines and therapies is likely to drive global animal model market over the coming years. Animal models are widely used in assessing food toxicity and behavioral science. Rise in discovery & development of new precision medicine, as well as growing applications of animal testing for better understanding of human diseases, such as narcolepsy and myasthenia gravis are some of the major factors impelling animal model industry growth. Animal model market is forecast to surpass the USD 24 billion mark by 2025. • Animal models are primarily used to study the development, as well as progression of diseases in humans. New treatments modalities are tested on animals before they are administered to humans.

3. Continued... • The remarkable physiological and anatomical similarities between humans and animals, especially mammals, have prompted researchers to examine a huge number of mechanisms and evaluate novel therapies in animal models before applying these discoveries to humans, to avert human fatalities. • In 2018, the mice animal model market dominated the overall share with 51.7% and accounted for over USD 7 billion. Due to low-cost factor and widespread availability of mice, mice models are highly preferred for cancer research. Moreover, mice models are widely used to study various neurodegenerative disorders and also to assess the safety and effectiveness of drugs in the pharma research. • Based on technology, CRISPR technology is likely to register notable growth rate of more than 9.1% over 2019-2025. The rapid growth of this technology can be attributed to certain advantages offered, such ease of use, cost-effectiveness, lesser time required to modify target genes in compared to other gene targeting technologies, and efficiency.

4. Continued... • On the basis of application, research & development segment accounted for around USD 9.7 billion and held the largest revenue share of over 72% in 2018. The demand for animal models in R&D activities is increasing with the trend of introduction of therapeutic modalities before initiation of any human clinical trials. Utilization of animal models aids better assessment with regard to efficacy, as well as the potential risks of newly developed drugs. Rise in R&D activities for drug development and advancement will positively favor animal model industry expansion. • Canada animal model industry is forecast to register a CAGR of more than 12% over the analysis period. As per Ottawa-based CCAC (Canadian Council on Animal Care), in 2016, around 4.3 million animals were used in the institution for purposes ranging from research, as well as testing. These statistics signify that the growing demand for animal model study across the region may provide impetus to the growth of animal model industry through 2025.

5. Continued... • Key players operating within animal model industry include Envigo, Charles River, genOway, Horizon Discovery Group Plc, Taconic Biosciences, Inc., Harbour BioMed, The Jackson Laboratory, TRANS GENIC Inc, Ltd. and Janvier Labs among others. These prominent industry players are focusing on expansion of treatment options, high-quality services, as well as complementary capabilities.

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