Animal Model Market Size Worth $25 Billion By 2027 | CAGR 9.1%


Posted February 13, 2020 by Oliva4u

Animal Model Market is driven by rising demand for consumer durable.
 
Animal Model Market primarily consists of type of Animal Model such as Mice, Rats, Fish, Birds, Cattles, Pigs, Amphibians, Guinea Pigs, Dogs, Cats, Rabbits, Monkeys, Sheep, Hamsters. These animals are used in research and development of with objective to understand pharmacological, biological and chemical characteristics. As these animal share a large similarities to human physiological and organic make up, their use in rapidly escalating with the increasing research and development practices worldwide. Animal modeling is performed using technologies such as CRISPR, Microinjection, Embryonic Stem Cell, and Nuclear Transfer. Research and development areas for diseases such as infectious diseases, immunological diseases, cancer, cardiovascular, genetic and other diseases use animal modeling.

Marker Overview:
• Global Animal Model Market is projected to expand with a CAGR of 9.1% during the forecast timeline, 2019 to 2027.
• The Animal Model market valued over USD 13.7 billion in 2018 and is poisedto expand with a CAGR of over 8.9% during the forecast period to reach a market value over USD 25 billion by the end of 2027
• MiceAnimal Model market account for majority of market share, in fact, in 2019, the mice Animal Model market valued nearly USD 7 billion and will continue to dominate the market over the forecast period.
• CRISPR technology used to animal model held largest market share among all other technologies. As per estimated, the CRISPR technology animal model market is estimated to expand with a CAGR of over 9.5% over the forecast period.
• In 2018, North America Animal Model market accounted for the largest share of the global Animal Model market. Accounting for more than 60% market share, the market in this region is driven by demand from U.S. Animal Model market. This largest share can be attributed to presence of large life sciences companies with robust research and development activities.
• Asia PacificAnimal Model market is expected to grow at a fastest CAGR of over 10% over the forecast timeframe. The market in this part of the world will be strongly driven by demand from South KoreaAnimal Model market which is projected to expand with a CAGR of over 12% over the forecast timeframe.

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Research Scope:
The Animal Model Market is segmented into;Animal Type (Mice, Rats, Fish, Birds, Cattles, Pigs, Amphibians, Guinea Pigs, Dogs, Cats, Rabbits, Monkeys, Sheep, Hamsters), By Technology (CRISPR, Microinjection, Embryonic Stem Cell, Nuclear Transfer), By Application (Research & Development {Infectious Disease, Immunological Disease, Cancer, Cardiovascular Diseases, Diabetes, Genetic Diseases, Neurological Diseases}, Production And Quality Control, Academics), By Use (Human, Veterinary), By End-use (Companies {Pharmaceutical, Biotechnology, Cosmetics}, Organizations {Government, Non-Government}, Academic And Research Institutes, Contract Research Organizations). Finally, the market is segmented into region wise which includes North America, Europe, and Asia Pacific, Middle East & Africa and Latin America and their respective countries.
Years considered for this report:
• Historical Years: 2015 – 2018
• Base Year: 2019
• Forecast Period: 2020 – 2027

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Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding of the market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants.
Primary research involves telephonic interviews, e-mail interactions and face-to-face interviews for detailed and unbiased reviews on the air purifier market across geographies. Primary interviews are usually conducted on an on-going basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer information on important factors such as market trends, market size, competitive landscape, growth trends, and outlook. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding.
Competitive Market Players:
The Animal Model Market is dominated by the presence of a few key players operating globally, which includeTaconic Biosciences Inc, Charles River, Harbor BioMed, Envigo, genOway,The Jackson Laboratory, Harbor BioMed, Horizon Discovery Group plc,. There is presence of other small and medium industry participants striving to gain market share.
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About the Publishing Company

Masterfox Consulting Group (MCG) is the state-of-the-art management consulting firm which provides specialist services for research, proprietary solutions, data management and analytics to companies in every industry. MCG offers global and country specific market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. We help clients to make well-versed business decisions. We provide market intelligence studies which ensuring the fact-based research across a range of industries which includes energy, chemicals, materials, healthcare, automotive, agriculture and technology.
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Categories Industry , Research
Tags animal model , animal model market , animal model market forecast , animal model market growth , animal model market insights , animal model market share , animal model market size , animal model market trends
Last Updated February 13, 2020