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Market Overview

The animal model market has seen robust growth in recent years. It is projected to expand from $1.76 billion in 2023 to $1.92 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.7%. This growth is driven by several factors, including the increasing adoption of animal models for biomedical research, heightened investments in drug development, and the rising focus on precision medicine.

Current Market Dynamics

• Growth Factors:
  • Biomedical Research:Animal models play a crucial role in advancing biomedical research, helping in drug efficacy and safety evaluations.
  • Drug Development:Significant investments and expenditure in drug discovery are fueling the market.
  • Precision Medicine:The demand for personalized medicine is increasing the use of animal models in research.

Future Market Projections

The animal model market is expected to grow to $2.69 billion by 2028, with a CAGR of 8.9%. Key drivers for this future growth include:

• Genetic Engineering:Advancements in genetic modification are enhancing the capabilities and applications of animal models.
• Chronic Diseases:The rising prevalence of chronic conditions is increasing the need for effective treatments and vaccines.
• Personalized Medicine:The growing demand for personalized treatments is driving the use of humanized animal models.

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Pharmaceutical R&D Driving Growth

• Investment Surge: Rising investments in pharmaceutical research and development are significantly impacting the animal model market. For example, in Europe, pharmaceutical R&D spending increased by 7.82% from 2020 to 2022.
• Importance of Animal Models: These models are essential for predicting drug responses and studying disease mechanisms, which accelerates the development of new therapies.

Innovative Developments: Triple-Immunodeficient Mice

• Technological Advancements: Companies are focusing on developing advanced animal models, such as triple-immunodeficient mice, to improve research outcomes.
• Case Study: Charles River Laboratories launched NCG mice in January 2024. These mice, which lack functional T, B, and NK cells, are crucial for studying complex diseases and testing new treatments.

Notable Market Players

• Key Companies:Major players in the animal model market include Eurofins Scientific SE, Charles River Laboratories, Pharmaron Beijing Co Ltd, and others. These companies are at the forefront of developing innovative animal models and expanding market capabilities.

Strategic Acquisitions

• Jackson Laboratory Acquisition:In October 2021, Jackson Laboratory acquired Charles River Laboratories Japan’s Research Models & Services business for $70.9 million. This acquisition enhances Jackson Laboratory’s research capabilities and expands access to advanced animal models in Japan.

Market Segmentation

• By Animal Type:Mice, Rats, Guinea Pigs, Rabbits, Hamsters, Others
• By Technology:CRISPR, Embryonic Stem Cell Injection, Nuclear Transfer, Other Technologies
• By Application:Drug Discovery and Development, Basic Research, Other Applications
• By End User:Research Institutes, Educational Institutes, Pharmaceutical Companies, Contract Research Organizations

Regional Insights

• Current Leading Region: North America remains the largest market for animal models.
• Future Growth: Asia-Pacific is expected to experience the fastest growth during the forecast period due to increasing investments and research activities in the region.

Conclusion

The animal model market is poised for continued strong growth, driven by advancements in technology, increased investment in research, and the rising need for personalized medicine. As the market evolves, innovative products and strategic acquisitions will play crucial roles in shaping its future.

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