PUBLISHER: Value Market Research | PRODUCT CODE: 1548127
PUBLISHER: Value Market Research | PRODUCT CODE: 1548127
The global demand for Animal Model Market is presumed to reach the market size of nearly USD 47.62 Billion by 2032 from USD 25.15 Billion in 2023 with a CAGR of 7.35% under the study period 2024 - 2032.
Animals model are those animals on whom biological and pathological experiments are performed and tested. The animal models are used because human beings and animals share a common biological and physiological structure. Though, the animals have a shorter lifespan but high genotype resemblance. Animal models are used increasingly in the biomedical research which helps in the development of the new therapy methods for the treatment of the diseases. With the help of the animal models, a better understanding of the disease can be done and the efficacy of the drugs can also be achieved. The animal research has a very important role in healthcare and medicinal science over the past century, in order to aid the understanding of the various disease.
Market Dynamics
Rising application of animal species in order to develop various novel therapy is likely to raise the growth of the animal model market. Moreover, the growing need to develop the more novel drugs in order to meet the huge unmet demand is estimated to the raise the growth. Growing various genetic disorders across the globe and increasing research field is serving as driving factor for. Also, the growing demand for an animal model to carry out various studies of the disease and human physiology is another major factor driving the growth of the market. However, the high cost of the study and strict regulatory framework is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of animal model.
Market Segmentation
The broad animal model market has been sub-grouped into species, application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
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