May 8, 2019 by Steve Blade
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.
A recent report compiled by Fact.MR projects the animal model market to register an impressive CAGR of over 6.0% during the period of forecast, 2017 to 2026. The healthcare sector is seen harnessing animal models, owing to which the demand for animal model is surging in the healthcare sector. The animal model is expected to outpace its alternatives such as tissues cultures and computer models as the living systems are pretty complex to further become a prime choice for biomedical research.
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.
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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.
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.
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, and 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.
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