Animal Model Market Analysis

1. What is the Market Size & CAGR of Animal Model market in 2021?

The global animal model market is expected to have a growth rate of 5.2% CAGR from 2021 to 2028. The market size is anticipated to reach USD 1.5 billion by 2028.

2. COVID-19 Impact on the Animal Model Market

The COVID-19 pandemic has had a mixed impact on the animal model market. While there was a temporary slowdown in research activities due to lockdowns and restrictions, the need for animal models for COVID-19 research has actually increased demand in some segments of the market.

3. Animal Model Dynamics

The animal model market is driven by the growing research and development activities in pharmaceutical and biotechnology industries. The use of animal models in preclinical research for drug discovery and development is a key factor driving the market.

4. Segments and Related Analysis

Based on Type:

- Transgenic models

- Knockout models

- Hybrid/congenic models

Based on Application:

- Drug development

- Toxicity testing

- Cancer research

5. By Region Analysis

North America:

The North American animal model market is the largest globally, driven by the presence of major pharmaceutical companies and research institutions.

Europe:

Europe is a significant market for animal models, with a focus on academic research and contract research organizations.

Asia Pacific:

The Asia Pacific region is experiencing rapid growth in the animal model market due to increasing investments in biomedical research.

6. Key Market Players and Competitive Landscape

Key players in the animal model market include Charles River Laboratories, Taconic Biosciences, Envigo, Jackson Laboratory, and genOway.

7. Recent happenings in the Animal Model Market

In 2021, there was a surge in demand for humanized mouse models for COVID-19 research. Companies like Taconic Biosciences and Jackson Laboratory saw increased orders for these models.