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Animal Model Market Shares, Revenue, Top most Industry Compotators by 2025

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Vinit Sawant

Increasing innovation of new medicines and progressing pre-clinical trials are projected to be important factors in boosting the global animal model market in 2020. The demand of experimental animals as models in research is predicted to grow due to their genetic similarities with humans, which is likely to stimulate the market significantly.

As per the analysis by Market Research Future (MRFR), the global animal model market is estimated to acquire a market value of USD 3,632.48 million, registering a CAGR of 7.8% during the forecast period by 2027. Animal models are primarily used to test the effectiveness of a drug for a particular disease condition on animals, such as; mice, rats, guinea pigs, and others.               

On the contrary, stringent rules imposed on usage of animals in research laboratories are predicted to hamper the market during the forecast period. However, surging demand for precision medicines, along with above stated factors are anticipated boost the demand for animal models.

Regional Analysis

Based on the region, the global animal model is segmented into the Americas, Asia-Pacific, Europe, and the Middle East & Africa.

As per the research, the Americas is predicted to acquire the first position owing to the presence of numerous key players. The increasing demand for research is predicted to propel the regional market during the forecast period. The US and Canada are likely to make a vital contribution in expanding the regional market.

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Vinit Sawant
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