Developing Regions to Overpower Developed Ones With Regard to Demand
The Asian territory is on the verge of evolving as the next big destination for animal models.
This growth can be attributed to various factors such as American and European pharmaceutical companies diversifying their research activities to curtail extra expenses and save costs.
Although U.S and Europe have retained their legacy in the global market, their share has been witnessing a drastic downfall in the last few years due to APAC picking up the pace.
Among all the Asian countries, China, India, Malaysia, and Singapore are anticipated to record robust demand, with China accounting for a major chunk of demand.
While the popularity of inbred animals is picking up the steam, transgenic animals are also gathering significant momentum with rising preferences for super-immunodeficient and humanized animal models.
Academic labs in China are poised to receive notable extent of governmental encouragement for medical research, standing out as one of the predominant factors pushing demand in the China animal model market.
Growing Need for Fulfilling Unmet Demand
The surging application of animal species to develop various novel therapy is foreseen to fortify growth of animal model market.
Furthermore, escalating need for more novel drugs for catering the huge unmet demand is estimated to be a preeminent factor boosting demand. Multiplying prevalence of genetic disorders globally and evolving research field are poised to be the key growth determinants of the market.
In addition, deployment of animal model for carrying out multiple studies of disease and human physiology is another chief factor bolstering growth of the market.
However, facets such as high costs of the study and stringent regulatory framework is likely to restrict the market growth to a certain extent.
In addition to that, rise pace of preclinical studies for therapeutic approvals and striking investments in R&D by key pharmaceutical companies are also some of the pivotal factors spurring market growth.
Vaccine Testing and Development to Necessitate Use of Animal Models
The upgradation of human vaccines relies on animal models by a large extent. Several regulatory authorities make it compulsory for novel vaccine candidates to go through preclinical tests in animal models before being eligible for clinical experiments in human subjects.
A noteworthy progress in reduction and replacement of animals has been witnessed in the recent years with the help of computational biology and bioinformatics methodologies for developing novel vaccine candidates.
In spite of that, the major reason of employing a vaccine is to guide the immune system to identify pathogens and elicit subsequent response.
With rising call for vaccine testing and development is paving grounds for animal model demand, thereby raising market growth to the next level.
Moreover, animal models are being extensively used in biomedical research for synthesizing new therapy methods to treat diseases.
An objective of grasping a better understanding of a disease, which also helps in faster understanding of the drug efficacy.
North America to Endure as the Most Remunerative Market; Academic & Research Institutions to Contribute the Largest Share
From the geographical standpoint, North America is poised to showcase high market attractiveness for animal models.
Hefty investments being injected and apposite policy reformations by the government to stimulate the funding schemes with regard to animal model research are preeminently fuelling the market growth.
With several key players making substantial investments, North America is forecast to retain its legacy as the most lucrative region in animal model market.
In terms of revenues, academic & research institutions are poised to contribute the largest share in the global animal model market.
With the call for research and development activities making giant leaps, this segment is set to witness some promising aspects over the time.
Comprehensive and unbiased analysis on other regional segments such as Europe, MEA and Korea has also been included in an exhaustive manner.
Moreover, dynamics of other end users like pharmaceutical companies, biotechnology companies, contract research organizations (CROs) has also been entailed in the report.
An animal on which certain pathological and biological experiments are carried out and tested, such animal is referred as an animal model. An animal model is used by virtue of its functional resemblance to the human body.
In a bid to avoid any sort of discrepancy, various guidelines have been se, which have to be followed while taking an animal model for performing an experiment.
Few of the major areas which animal models are widely employed include physiology, toxicology, biomedical research, neurological research, genetic research, cancer research, and xenotransplantation.
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About the Report
Fact.MR offers a holistic and insightful industry overview of animal models. By making use of diligent methodologies and punctilious research, our experienced analysts deliver contemplated and definitive judgment on growth trajectory of the market. This helps the readers to get a holistic, unbiased, and precise visionary of the market.
The report offers a cutting-edge analysis of the animal model market, complemented by a pioneering forecast.
Insights have been offered on the market size of animal model in terms of both value (US$ Mn) as well as volume (Thousand Units).
Along with the market dynamics, several macroeconomic factors exerting profound influence on the animal model market have also been analyzed and included in the report.
The industry dynamics primarily comprises of market growth drivers, market restraints, prevalent trends, and remunerative opportunities, which have been explained in detail for lucid understanding of the user.
This meticulous market study revolves around data procured from diverse sources and is further scrutinized with the help of various tools such as porter’s five forces analysis, value chain analysis, and market attractiveness analysis.
These tools are specifically employed for attaining insights on potential of the market, which is further believed to grease the wheels for market players to turn profits by tapping into prime opportunities.
All in all, the report serves as an exhaustive and all-inclusive repository of comprehensive analysis, profitable insights, and key aspects of animal model market.
Animal Model Market- Segmentation
Market prognosis of animal model market has been provided by discussing about pertinent segments such as species, application, end user, and region.
Various types of species such as rats, mice, guinea pig, rabbits, monkeys, dogs, pigs, cats, and other species have been closely analyzed in this report.
Application of animal model market across areas such as basic & applied research and drug discovery/development have also been closely studied and well- articulated in the report.
Moreover, end user segments such as academic & research institutions, pharmaceutical companies, biotechnology companies, contract research organizations (CROs), and other end users have also been scrutinized and highlighted in the report.
This exhaustive research report tracks the animal model market across primary regional segments such as North America, Latin America, Europe, South Korea, APAC, and Middle East & Africa (MEA).
Along with global, the report also sheds light on an exclusive coverage on the regional dynamics of the market.
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The report has featured major players operating in the market who are remarkably contributing to the overall market growth.
The key players listed in the market include
- Genoway SA
- Eurofins Scientific SE
- Crown Bioscience Inc.
- Envigo CRS SA
- Transposagen Biopharmaceuticals, Inc.
These players are indulging in acquisitions, mergers, and takeovers to amplify their reach. These players are also resorting to brand new product fortification strategies for strengthening their foothold in the global market.
Besides the forenamed players, the report also features an exclusive outlook of other renowned companies operating in the animal model market.
This research study on animal model market encompasses use of all-inclusive secondary sources, directories, and pertinent databases to identify and assemble information useful for animal model market. Primary sources comprise of industry personnel hailing from core industries, prominent suppliers, manufacturers, distributors, and others related to value chain of the industry.
The overall market size has been estimated after a series of rigorous research and the market has been further split into several segments.
The data points included in the report are subjected to another round of cross verification to avoid any sort of discrepancy.
This research study embodies a detailed and more exhaustive explanation of the research approach employed.
An Adaptive Approach to Modern-day Research Needs
The animal model market is segmented in the report on the basis of species, end user, application and region with a detailed analysis of each segment.
The report highlights necessary insights in each of the market segment in terms of market share analysis, year-wise growth rate, and revenue opportunity along with basis point share (BPS) analysis for the period of forecast.
The statistics and values stated in the report provide a precise understanding of the segments with key takeaways for each segment explicitly.
This analytical data helps to gain a holistic overview of the risks and opportunities of the animal model market.
The insights are effective for key market players to understand the application and end use of animal models that help them in enhanced business decision making and industry analysis.
Along with application and end-use, the report provides a thorough understanding of emerging markets and the prominent regions that could shape the future of the animal model market through the period of forecast.
Animal Model Market Scope Of The Report
Animal models are the animals used for tests conducted during pathological and biological studies due to their functional resemblance to human bodies.
The recently published report by Fact.MR provides forecast and analysis of the animal model market.
The publication provides an in-depth analysis of the industry from the time span of 2012- 2016, further evaluating the opportunities that fall in the way of the animal model market.
Backed by the extensive research conducted by the senior analysts at Fact.MR, this research report is a full-fledged tool for understanding the industrial scenario for the animal model market.
With extended assessment of the current scenario and global statistics, the report acts as a complete guide for the reader to unfold various insights that help understand the animal model market for the forecast period of nine years (2017-2026).
Structure of the report
The report is presented in a very clear and readable manner to ensure that the information provided in the study in more accessible for the readers.
The report comprises of differentiated sections, classification of the market, micro and macroeconomic factors influencing the animal model market, and detailed analysis of market dynamics are the key highlights of the research study.
Along with these, the report also showcases value chain analysis and opportunity assessment of the animal model market.
The report begins with an executive summary throwing light on the key aspects touched in the entire report.
The report highlights major market influencers and key takeaways for the animal model market.
With significant features, figures and essential statistics pertaining to the market provided in the report are the effective highlights of the research study.
Additionally, the report showcases macroeconomic indicators that help the readers evaluate the market size during the projection period.
The last section of the report provides a thorough and comprehensive understanding of the key market players in the animal model market.
The report provides a complete and outlined information that supports the assessment of the competitive landscape of the market by offering the key functionalities of companies in the animal model market.
The report highlights the challenges, growth opportunities and strategic functions carried out by global market leaders with the help of a unique dashboard of the competitive landscape provided in the publication.
With individual analysis of the animal model market players supported by their key developments, product overview and company description included in the report, the readers can attain value-added insights by getting a glimpse of the market.
The competitive landscape section is a valuable inclusion of the report to comprehend current activities of established market players, which could help the new entrants understand the prevalent degree of competition in the market.
The research study conducted by the research analysts at Fact.MR is successfully presented by compiling historical data along with the information obtained from sources such as public domains and primary responses.
This information was taken into consideration for the assessment of the animal model market.
The in-depth data analysis conducted by the analysts at FactMR helps the readers gain a competitive edge in the animal model market.
The research is conducted using a systematic approach to integrate necessary observations of the animal model market.
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