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Animal Model Market Size

Report ID: GMI4435
Published Date: Jun 2023
Report Format: PDF

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Animal Model Market Size

Animal Model Market size was valued at USD 19.4 billion in 2022 and is estimated to progress at significant growth rate of 6.9% over the analysis timeframe. High growth of the market can be attributed to several factors such as rising adoption of animal models for biomedical research, surging expenditure & high investments in dug development & discover, growing focus on precision medicine, and extensive applications of animal models in healthcare industry.

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As per the U.S. government statistics, in 2021, the number of laboratory animals employed in biomedical research were around more than 797,546, with a 2.2% surge as compared to 2019 and 2020. These statistics exclude the number of mice, rats, and fish models that are being used, which further adds up the number of animal models used for research.

Animal model can be defined as a non-human, living, genetically engineered animal that is used for scientific research purpose and investigation of human diseases. Also, these animal models are used for the purpose of better understanding of the human disease process without harming an actual human.

Animal Model Market Report Attributes
Report Attribute	Details
Base Year:	2022
Animal Model Market Size in 2022:	USD 19.4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.9%
2032 Value Projection:	USD 38.4 Billion
Historical Data for:	2018 to 2022
No. of Pages:	704
Tables, Charts & Figures:	1,006
Segments covered:	Animal Type, Technology, Application, Use, End-use, and Region
Growth Drivers:	Growing number of pharmaceutical research and development activities Increasing application areas of animal models across different research areas Physiological similarities between human and animal reduces drug development time Emergence of CRISPR as a powerful tool in the field of biomedical research Growing consumption of personalized medicine driving the demand for humanized mice models
Pitfalls & Challenges:	High maintenance cost of animal models Strict regulations and guidelines Growing opposition on animal testing by several organizations

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Animal model industry size was USD 19.4 billion in 2022 and is set to record 6.9% CAGR from 2023 to 2032 driven by the rising adoption of animal models for biomedical research and the ongoing investments in drug development & discovery.

The CRISPR technology segment is projected to witness 7.3% CAGR from 2023-2032 owing to increasing development of transgenic animals with efficient and easy replicability.

North America animal model market size is expected to record 7.1% CAGR from 2023-2032 driven by the growing investments and the higher number of clinical trials in the region.

Charles River Laboratories, Inc., Envigo, GenOway, Harbor BioMed, and Trans Genic Inc., among others, are some of the top companies engaged in the market.