Animal Model Market, by Species Type (Rodents (Rats, Mouse, Guinea Pigs and Woodchuck), Rabbits, Monkeys, and Other Species), by Application (Toxicology Studies, Drug Discovery and Development, Basic and Applied Research, and Others), by End Users (Academic & Research Institutions, Contract Research Organizations (CROs), and Pharmaceutical companies), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028
An animal model is a non-human species used in biomedical research because it can mimic aspects of a biological process or disease found in humans. Animals are essential for research that seeks to understand disease progression and treatments. These models are being used in biomedical research to develop novel treatment methods for various chronic diseases. It's a tool that researchers use to study diseases and test treatments in cases where human experimentation is not possible and/or unethical. There are different types of animals used in animal models, such as rat, mice, guinea pigs, rabbits, and others.
Market Dynamics:
Increasing use of animal models due to the increasing number of clinical trials and increase in research and development activities is expected to propel growth of the global animal model market during the forecast period. For instance, in in September 2020, Charles River's Research Models and Services division announced the launch of digital animal model ordering platform for North America to offer an effortless experience to the clients. Moreover, according the U.S. Congressional Budget Office, in 2019, the pharmaceutical industry spent around US$ 83 billion on research and development activities in the United States.
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