The global animal model market size was around $1.4 billion in 2021 and is predicted to grow around $2.5 billion by 2028 at a CAGR rate of 6%
FrequentlyAsked Questions
Drug discovery and the emergence of vaccinations have grown exponentially in recent times due to the rise of multiple diseases and chronic illnesses. This has induced scientists and researchers to come up with new treatment methods and medications at a faster pace. Hence animal model testing has increased rapidly due to these factors thereby amplifying the global market rate substantially.
According to the Zion Market Research report, the global animal model market was worth around $1.4 billion in 2021 and is predicted to grow to around $2.5 billion by 2028 at a CAGR rate of 6% over the forecast period
The region that is touted to be a significant contributor to the global animal model market is North America. This is favored by the increasing support and investments made by the government for the improvisation of the healthcare sector.
The key players in the global animal model market are Horizon Discovery Group, Charles River Laborotories International, Inc., Transposagen Biopharmaceuticals, Inc., Trans Genic Inc, Envigo CRS SA, Eurofins Scientific SE, Crown Bioscience, INC., The Jackson Laboratory, and Genoway SA.
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