Animal Model Market to Reach $3.6 Billion By 2032 | Hera Biolabs, Crown Bioscience, Jackson Laboratory., Janvier Labs

PORTLAND, OREGON, UNITED STATES, April 22, 2024 /EINPresswire.com/ -- The global Animal Model Market is experiencing significant growth driven by various factors such as the rise in usage of animal models in virology and infectious diseases, the adoption of CRISPR technology, and the increased likelihood of epidemic or pandemic outbreaks. However, regulatory and ethical considerations related to animal research act as restraints to some extent.

Request Sample of the Report: https://www.alliedmarketresearch.com/request-sample/8311

Key Highlights:-

1. Market Growth:

Market Size: The market was valued at $1.46 billion in 2020 and is expected to reach $2.67 billion by 2030.
CAGR: The market is projected to grow at a CAGR of 6.1% from 2021 to 2030.

2. Drivers:

Increase in usage of animal models in virology and infectious diseases.
Adoption of CRISPR technology.
Increased likelihood of epidemic or pandemic outbreaks.

3. Restraints:

Regulations and laws for ethical use of animals in research.

4. Opportunities:

Growth opportunities in emerging markets.
Rise in demand for animal models due to COVID-19 for R&D activities related to antiviral drugs and vaccines.

Segment Insights:-

1. Drug Discovery and Development Segment:

Market Share: Accounted for nearly three-fourths of the market share in 2020.
CAGR: Expected to register the fastest CAGR of 6.6% throughout the forecast period.

2. Pharma and Biotech Companies Segment:

Market Share: Contributed to around two-thirds of the market revenue in 2020.
CAGR: Projected to grow at a CAGR of 6.7% from 2021-2030.

Request for Customization – https://www.alliedmarketresearch.com/request-for-customization/8311

Regional Insights:

1. North America:

Market Share: Held the major share in 2020, accounting for nearly two-fifths of the global market.
Drivers: Increase in preclinical activities, rise in use of animal models by CROs, and surge in focus on personalized medicines.

2. Asia-Pacific:

CAGR: Expected to cite the fastest CAGR of 7.3% during the forecast period.
Drivers: Increase in research on biomedical and regenerative medicines, rise in awareness related to animal models, and availability of trained medical professionals.

Key Players:

Envigo
Eurofins Scientific SE
GenOway S.A.
Hera BioLabs (Transposagen Biopharmaceuticals)
JSR Corporation (Crown Bioscience Inc.)
Ozgene Pty Ltd.
The Jackson Laboratory
PerkinElmer, Inc. (Horizon Discovery Group plc.)
Charles River Laboratories International, Inc.
Taconic Biosciences

Additional Resources:

For more insights into the impact of COVID-19 on the Animal Model Market and to assess short-term and long-term growth trends, you can download sample reports and enquire about impacts at the provided links:

For Purchase Inquiry –

https://www.alliedmarketresearch.com/purchase-enquiry/8311

Syndicated Market Studies:

We have also published several syndicated market studies in similar areas that might be of interest to you. Here are some report titles for your reference:

Hospital Furniture Market https://www.alliedmarketresearch.com/hospital-furniture-market-A11444

Constipation Treatment Market https://www.alliedmarketresearch.com/constipation-treatment-market-A08195

Gastrointestinal Therapeutics Market https://www.alliedmarketresearch.com/gastrointestinal-therapeutics-market

Feel free to explore these resources for a deeper understanding of the Animal Model Market and its growth prospects.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
+1 5038946022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn