An animal model is a non-human species used in biomedical research because it can mimic aspects of a biological process or disease found in humans. Animals are essential for research that seeks to understand disease progression and treatments. These models are being used in biomedical research to develop novel treatment methods for various chronic diseases. It's a tool that researchers use to study diseases and test treatments in cases where human experimentation is not possible and/or unethical. There are different types of animals used in animal models, such as rat, mice, guinea pigs, rabbits, and others.

Market Dynamics:

Increasing use of animal models due to the increasing number of clinical trials and increase in research and development activities is expected to propel growth of the global animal model market during the forecast period. For instance, in in September 2020, Charles River's Research Models and Services division announced the launch of digital animal model ordering platform for North America to offer an effortless experience to the clients. Moreover, according the U.S. Congressional Budget Office, in 2019, the pharmaceutical industry spent around US$ 83 billion on research and development activities in the United States.

Key features of the study:

• This report provides in-depth analysis of the global animal model market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global animal model market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Charles River Laboratories International, Inc., The Jackson Laboratory, Taconic Biosciences, JSR Corporation (Crown Bioscience Inc.), Genoway S.A, Eurofins Scientific SE, Envigo, Perkinelmer, Inc. (Horizon Discovery Group), Ozgene Pty Ltd., and Hera Biolabs (Transposagen Biopharmaceuticals), among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global animal model market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global animal model market.

Detailed Segmentation:

• Global Animal Model Market, By Animal Type:
  • Rat
  • Mice
  • Guinea Pigs
  • Rabbits
  • Others
• Global Animal Model Market, By Application:
  • Drug Discovery & Development
  • Basic Research and Others
• Global Animal Model Market, By End User:
  • Pharma & Biotech Companies
  • Academic Research Institutes
• Global Animal Model Market, By Region:
  • North America
  • Europe
  • Asia-Pacific
  • LAMEA