Animal Model Market statistics and research analysis released in latest report

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Animal Model Market outlook with industry review
and forecasts
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Animal Model Market

• Growing usage of animal models in the assessment
  and development of novel vaccines and therapies
  is likely to drive global animal model market
  over the coming years. Animal models are widely
  used in assessing food toxicity and behavioral
  science. Rise in discovery development of new
  precision medicine, as well as growing
  applications of animal testing for better
  understanding of human diseases, such as
  narcolepsy and myasthenia gravis are some of the
  major factors impelling animal model industry
  growth. Animal model market is forecast to
  surpass the USD 24 billion mark by 2025.
• Animal models are primarily used to study the
  development, as well as progression of diseases
  in humans. New treatments modalities are tested
  on animals before they are administered to
  humans.

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Continued...

• The remarkable physiological and anatomical
  similarities between humans and animals,
  especially mammals, have prompted researchers to
  examine a huge number of mechanisms and evaluate
  novel therapies in animal models before applying
  these discoveries to humans, to avert human
  fatalities.
• In 2018, the mice animal model market dominated
  the overall share with 51.7 and accounted for
  over USD 7 billion. Due to low-cost factor and
  widespread availability of mice, mice models are
  highly preferred for cancer research. Moreover,
  mice models are widely used to study various
  neurodegenerative disorders and also to assess
  the safety and effectiveness of drugs in the
  pharma research.
• Based on technology, CRISPR technology is likely
  to register notable growth rate of more than 9.1
  over 2019-2025. The rapid growth of this
  technology can be attributed to certain
  advantages offered, such ease of use,
  cost-effectiveness, lesser time required to
  modify target genes in compared to other gene
  targeting technologies, and efficiency.

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Continued...

• On the basis of application, research
  development segment accounted for around USD 9.7
  billion and held the largest revenue share of
  over 72 in 2018. The demand for animal models in
  RD activities is increasing with the trend of
  introduction of therapeutic modalities before
  initiation of any human clinical trials.
  Utilization of animal models aids better
  assessment with regard to efficacy, as well as
  the potential risks of newly developed drugs.
  Rise in RD activities for drug development and
  advancement will positively favor animal model
  industry expansion.
• Canada animal model industry is forecast to
  register a CAGR of more than 12 over the
  analysis period. As per Ottawa-based CCAC
  (Canadian Council on Animal Care), in 2016,
  around 4.3 million animals were used in the
  institution for purposes ranging from research,
  as well as testing. These statistics signify that
  the growing demand for animal model study across
  the region may provide impetus to the growth of
  animal model industry through 2025.

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Continued...

• Key players operating within animal model
  industry include Envigo, Charles River, genOway,
  Horizon Discovery Group Plc, Taconic Biosciences,
  Inc., Harbour BioMed, The Jackson Laboratory,
  TRANS GENIC Inc, Ltd. and Janvier Labs among
  others. These prominent industry players are
  focusing on expansion of treatment options,
  high-quality services, as well as complementary
  capabilities.

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