Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!

What is the Expected Growth Rate of the Animal Model Market from 2024 to 2033?
The animal model market is projected to grow from $1.76 billion in 2023 to $1.92 billion in 2024, achieving a CAGR of 8.7%. This growth is supported by the rising use of animal models in biomedical research, increased investments in drug development, and a focus on precision medicine.

The animal model market is projected to reach $2.69 billion by 2028, with a CAGR of 8.9%. Growth is fueled by advancements in genetic engineering, a focus on personalized medicine, the prevalence of chronic diseases, the need for effective vaccines, and increased investment in biomedical research. Key trends include rising demand for animal models in drug discovery, the physiological similarities reducing drug development time, and a growing adoption of humanized mice models.

Claim Your Free Sample of the Global Animal Model Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=15510&type=smp

What Key Factors Are Fueling the Growth of the Animal Model Market?
The growing investment in pharmaceutical research and development is expected to propel the animal model market. This sector is essential for predicting drug efficacy and safety. With a focus on innovative therapies, animal models play a critical role in developing new treatments. According to the European Federation of Pharmaceutical Industries and Associations, spending on pharmaceutical R&D in Europe rose by 7.82% from €39,442 million in 2020 to €44,500 million in 2022. Therefore, increased investment in pharmaceutical research is driving the animal model market.

What Are the Major Segments of the Animal Model Market?
1) By Animal Type: Mice; Rat; Guinea Pigs; Rabbits; Hamsters; Other Animal Types
2) By Technology: Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR); Embryonic Stem Cell Injection; Nuclear Transfer; Other Technologies
3) By Application: Drug Discovery And Development; Basic Research; Other Applications
4) By End User: Research Institutes; Educational Institutes; Pharmaceutical Companies; Contract Research Organizations

What New Trends Are Transforming the Animal Model Market?
Companies in the animal model market are developing triple-immunodeficient animal models to enhance research accuracy. In January 2024, Charles River Laboratories introduced NCG mouse strains, designed for oncology research, enabling studies that closely mimic human immune systems.

Order Now for Fast Delivery of Your Animal Model Market Report!
https://www.thebusinessresearchcompany.com/report/animal-model-global-market-report

Which Regions Are Driving Growth in the Animal Model Market?
North America was the largest region in the animal model market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the animal model market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Animal Model Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the animal model market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Animal Model Market Include
1. Animal Model Market Executive Summary
2. Animal Model Market Segments
3. Animal Model Market Size And Template Market Growth Rate
4.  Key Animal Model Market Trends
5. Major Animal Model Market Drivers
……
25. Key Mergers And Acquisitions In The Animal Model Market
26. Top Animal Model Companies
27. Animal Model Market Opportunities And Strategies
28. Animal Model Market, Conclusions And Recommendations
29. Appendix

Discover Related Reports by The Business Research Company:
Animal Produce Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/animal-produce-global-market-report

Animal Medicine Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/animal-medicine-global-market-report

Animal Intestinal Health Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/animal-intestinal-health-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: