PUBLISHER: Lucintel | PRODUCT CODE: 1387356
PUBLISHER: Lucintel | PRODUCT CODE: 1387356
Animal Model Trends and Forecast
The future of the global animal model market looks promising with opportunities in the pharma and biotech company and academic research institute markets. The global animal model market is expected to grow with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are increasing demand for animal models in drug discovery and development, growing adoption of CRISPR (clustered regularly interspaced short palindromic repeats) technology, and rising prevalence of chronic diseases.
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Animal Model by Segment
The study includes a forecast for the global animal model by animal type, application, end use, and region.
Animal Model Market by Animal Type [Shipment Analysis by Value from 2018 to 2030]:
Animal Model Market by Application [Shipment Analysis by Value from 2018 to 2030]:
Animal Model Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
Animal Model Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Animal Model Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integratsion opportunities across the value chain. With these stratsegies animal model companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the animal model companies profiled in this report include-
Animal Model Market Insights
Lucintel forecasts that mice will remain the largest segment over the forecast period due to growing investment in mouse model technology and increasing implications of mouse clinical trials.
Within this market, pharma & biotech company will remain the largest segment due to rising need for animal models for clinical trial procedures by pharmaceuticals & biotechnology companies.
APAC is expected to witness highest growth over the forecast period due to increasing incidence of chronic diseases and rising investment in research in the field of vaccines.
Features of the Global Animal Model Market
Market Size Estimates: Animal model market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Animal model market size by animal type, application, end use, and region in terms of value ($B).
Regional Analysis: Animal model market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different animal types, applications, end uses, and regions for the animal model market.
Stratsegic Analysis: This includes M&A, new product development, and competitive landscape of the animal model market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the growth forecast for animal model market?
Answer: The global animal model market is expected to grow with a CAGR of 8.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the animal model market?
Answer: The major drivers for this market are increasing demand for animal models in drug discovery and development, growing adoption of CRISPR (clustered regularly interspaced short palindromic repeats) technology, and rising prevalence of chronic diseases.
Q3. What are the major segments for animal model market?
Answer: The future of the animal model market looks promising with opportunities in the pharma and biotech company and academic research institute markets.
Q4. Who are the key animal model market companies?
Answer: Some of the key animal model companies are as follows:
Q5. Which animal model market segment will be the largest in future?
Answer: Lucintel forecasts that mice will remain the largest segment over the forecast period due to growing investment in mouse model technology and increasing implications of mouse clinical trials.
Q6. In animal model market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing incidence of chronic diseases and rising investment in research in the field of vaccines.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.