Animal Model Market Statistical Data, And Forecast Assessment Till 2033
Animal Model Market is projected to achieve a value of USD 2,846 Million in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 4,923 Million by 2033 with a CAGR of 7.4% during the forecast period 2023-2033.
The goal of the animal model market is to create models of human biology, physiology, and disease that can be safely and effectively simulated in a variety of animal forms. Marketers are seeing constant innovation to improve animal model efficacy, relevance, and ethical considerations. Market expansion may be hampered, meanwhile, by issues including the high expense of maintaining and testing on animals, as well as moral and animal welfare issues.
Animal model is a model in which use of non-human, living and genetically similar or engineered animal instated of human being for the scientific purpose or to investigation of human diseases. Moreover, animal is used to study and research the impact of diseases and novel drugs reaction on the body without harm any human beings.
Animal model provide an important platform to researcher to understand and study the pharmacokinetic and pharmacodynamics effect, complex and adverse action and efficacy of drug. Moreover, its play an important role in investigation of various types of infectious diseases like hepatitis, influenza, HIV, Zica virus etc. For instance, based on a 2022 publication from the National Library of Medicine, various small animal models such as mice, Syrian hamsters, guinea pigs, and ferrets are used to investigate the virulence, transmission, and immune characteristics of both seasonal and pandemic influenza viruses.
Increasing the number of pharmaceutical research and developments activities, increasing the prevalence of human diseases and government initiatives to funding toward novel drug discovery anticipated to drive the growth of animal model market. Moreover, animal plays an important role in virology research, allowed scientist to mimic human infection and to assist the effect and efficacy of antiviral drug or vaccines.
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For instance, During the COVID-19 pandemic, animal models played a crucial role in enhancing our comprehension of the SARS-CoV-2 virus and assessing potential treatment strategies. Moreover, as per data from the Congressional Budget Office, the pharmaceutical industry allocated approximately $83 billion towards research and development (R&D) endeavors in the year 2019.
Additionally, Significant advancements in various stages of animal model production, including technologies like enhanced fertilized egg injection and ovulation promotion methods, are poised to contribute to the expansion of the industry. These enhancements in genome editing tools have facilitated the creation of a greater number of complex genetically modified models, thus promoting market growth.
Market Segments
By Application
- Research & Development
- Production
- Quality Control
By Animal Type
- Pigs
- Cats
- Mice
By Technology
- CRISPR
- Microinjection
- Embryonic Stem Cell Injection
By End-User
- Research Institutes
- Educational Institutes
- Pharmaceutical Companies
- Contract Research Organizations
Market Dynamics
The similarities in physiological attributes between humans and animals has long been acknowledged the growth of animal models in drug testing. Mammals, in particular, exhibit numerous fundamental biological systems and processes akin to those in humans, rendering them invaluable for scrutinizing the effectiveness and safety of potential pharmaceutical treatments. A pivotal shared aspect is the general structure and operation of major organ systems.
Additionally, to reduce the negative impact of the pandemic, traditionally operated organizations have proactively embraced collaboration opportunities to enhance their capacity for supporting hybrid models. These initiatives have been instrumental in sustaining clinical research and development efforts, ensuring the continued utilization of animal models, thus contributing to the animal model market growth.
The ongoing utilization of rats in scientific experiments has brought heightened scrutiny to the ethical treatment of these valuable beings. Stringent regulations and guidelines governing the use of animals for the betterment of humanity pose challenges to the expansion of the global market. For instance, in 2019, Australia implemented a ban on the use of animal test data for cosmetics. The state of Minas Gerais in Brazil also took a significant step in 2018 by prohibiting cosmetic animal experiments. Furthermore, Sri Lanka passed legislation aimed at animal protection.
The animal model market experienced a favorable upswing in growth due to the COVID-19 pandemic. Substantial investments and grants from both governmental bodies and major industry players were directed towards the advancement of detection and treatment strategies for COVID-19 infections. This surge in funding was directly linked to the escalation of research efforts aimed at creating innovative vaccines and diagnostics. For instance, In the year 2020, Mirimus Inc., a pioneering American company specializing in the creation of animal models, revealed its partnership with an academic research team.
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Competitive Analysis
The Animal Model Market is dominated by a few large companies, such as The Jackson Laboratory., Hera Biolabs, Ozgene Pty Ltd., Trans Genic Inc., Genoway S.A., Taconic Biosciences, Janvier Labs, LLC, Inotiv, Inc., Charles River Laboratories, Crown Bioscience Inc.
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