Animal Model Market to touch USD 2,572.8 MN by the end of 2024 | CAGR of 7.5%

Animal Model Market Size, Share & Industry Forecast Research Report, 2024 Segment by Species, Application, End-User and Regional Analysis

The global Animal Model Market report present evidence-based information and covers all the market details such as the latest technology trends, market opportunity analysis, and competitive landscape. The report also covers regional market share, size along with market drivers and restraints for the forecast period of 2018-2024. Further, this research report also delivers information associated with the latest developments by major players with their respective market share in the market.

According to the global Animal Model Market report published by Value Market Research, the market is expected to touch USD 2,572.8 MN by 2024, with a CAGR of 7.5% growing from USD 1,540.6 MN in 2017. 

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the animal model market include Charles River Laboratories, Envigo, GenOway S.A, Harlan Laboratories, Janvier Labs, SAGE Labs, Taconic Laboratories, Transgenic, Inc., and Transposagen Biopharmaceuticals.. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.

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Market Dynamics

Rising application of animal species in order to develop various novel therapy is likely to raise the growth of the animal model market. Moreover, the growing need to develop the more novel drugs in order to meet the huge unmet demand is estimated to the raise the growth. Growing various genetic disorders across the globe and increasing research field is serving as driving factor for. Also, the growing demand for an animal model to carry out various studies of the disease and human physiology is another major factor driving the growth of the market. However, the high cost of the study and strict regulatory framework is likely to hamper the market growth.

This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of animal model.

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Market Segmentation

The broad animal model market has been sub-grouped into species, application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Species

Guinea Pig

By Application

Cancer Research
Neurological Research
Biomedical Research
Genetic Research

By End-User

Pharmaceutical Companies
Research Institutes
Contract Research Organizations
Educational Institutes

Regional Analysis

Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for animal model in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.

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