According to FutureWise analysis the market for Animal Model in 2023 is US$ 1.82 billion, and is expected to reach US$ 3.08 billion by 2031 at a CAGR of 6.80%.
An animal model is a non-human species employed in biomedical research as it can replicate facets of human biological processes or diseases observed in species other than humans. Animal models such as mice, rats, monkeys, zebrafish, and others, exhibit substantial similarity to humans in terms of their anatomy, physiology, or responses to pathogens. The insights gained from studies conducted on animal models allow researchers to extend their understanding of human physiology and ailments. Additionally, these models facilitate the execution of experiments that might need to be more practical or ethically restricted when involving human subjects.
Animal models are mainly used to determine if a drug is safe. A researcher can also test different doses of a product and its nature, chemistry, and effects in the body, such as how much drug is absorbed into the blood, how long it lasts, and how it is broken down chemically. Animal models also allow for testing of the toxicity of a product and its breakdown components (metabolites). Before beginning a clinical trial, animal models help determine a dose and schedule for human subjects. When submitting an Investigational New Drug application to FDA – the regulatory step to get approval to conduct human studies – researchers must conduct toxicology tests (to study adverse effects) in two animal models.
FutureWise Market Research has published a report that provides an insightful analysis animal model market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, animal model market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.