Animal Model Services Market:
WiseGuyReports.com adds “Animal Model Services Global Market – Forecast to 2025” reports to its database.
Executive Summary
Animal models refer to the animals undergoing tests for various biological and pathological studies. Most of the medical discoveries in the health sector of humans as well as animals have been possible through research works using the animals as models. Animals have been continuously playing an important role in the discovery of new diagnosis and treatment methods for different diseases. The use of animals for deeper insights into the health problems and for ensuring proper and safe medical treatments is driving the growth of the global animal model services market.
Animal models are also widely used for preclinical studies for the development of new drugs. Animal model services find application for the testing of drug effects. The in-vitro models are largely replacing the animal models in recent times, but still, animal studies do exist.
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Global Market Classification
The global animal model services market is segmented based on application, animal type, and region.
Based on the application, the market classification includes academic and research institutes, and pharmaceuticals and biotechnology companies. The segment of academic and research institutes is expected to grow during the forecast period.
Depending on the animal type, the animal model services market includes rats, mice, and others. Rats as animal models remain the leading segment in the global market.
Based on the regional segmentation, the global market encompasses the United States, North America, China, Europe, India, Japan, Southeast Asia, and Central and South America. The Asia Pacific region is the global market leader of animal model services. North America is the second leading market segment in the global scenario. Europe and Asia Pacific region is expected to further expand over the forecast period.
Market Opportunities and Restraints
The growing need for effective preclinical studies is a key market driver of the global animal model services market. The increase in the investment for research and development by pharmaceutical companies, the advancements in the field of genetic engineering, and the need for novel biologics therapeutics are some of the other factors boosting the market growth. The complexity of biologics and the need for safe data further fuel market growth.
The need for a large number of animals, the high cost involved, stringent regulations, ethical concerns, and the threat of alternatives are some of the potential restraining factors that negatively affect market growth.
Important Market Leaders
Some of the key players operating in the global animal model services market are Beijing Vital Star Biotechnology, Genoway SA, Jackson Laboratory, Advinus Therapeutics, Crown Biosciences Inc., Pharmaron, Horizon Discovery Group Plc, Envigo, Charles River Laboratories International Inc., and Pharmalegacy Biotechnology. Some other significant players in the market are Sobran, Taconic Biosciences, Wuxi Apptec, Syngene International, and Shanghai Medicilon.
Recent Industry News
Mergers and acquisitions among the top players in the market are a recent trend. In April 2019, Charles River Laboratories acquired Citolax, a non-clinical contract research organization, to meet the client demands for the outsourcing services. The acquisition will strengthen the global position of Charles River Laboratories for better drug discovery as well as development continuum.
Continuous…
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