Animals Used in Research and Testing Market Research Report, Its History and Forecast 2024 to 2031
Executive Summary
The global Animals Used in Research and Testing market research report provides a comprehensive overview of the current market conditions and trends in the industry. The market is expected to grow at a CAGR of % during the forecasted period, indicating a significant expansion in the demand for animals used in research and testing.
Market trends in the Animals Used in Research and Testing industry include the increasing focus on animal welfare and ethical considerations, advancements in biotechnology and pharmaceutical research, and the rising demand for reliable and accurate data from animal testing. The market is witnessing a shift towards the use of alternative methods such as cell culture techniques, computer modeling, and human-based testing to reduce the reliance on animals for research purposes.
Geographically, the market for Animals Used in Research and Testing is spread across North America, Asia-Pacific, Europe, the United States, and China. North America holds a significant market share due to the presence of leading research organizations, stringent regulatory policies, and a high prevalence of diseases requiring animal testing. The Asia-Pacific region is expected to witness substantial growth in the market due to increasing investments in research and development activities, growing government initiatives to promote biomedical research, and the presence of a large number of CROs offering animal testing services.
Overall, the Animals Used in Research and Testing market is set to experience steady growth in the coming years, driven by the increasing focus on drug development and safety testing, advancements in research technology, and the growing prevalence of chronic diseases requiring animal testing for research purposes.
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Market Segmentation:
This Animals Used in Research and Testing Market is further classified into Overview, Deployment, Application, and Region.
In terms of Components, Animals Used in Research and Testing Market is segmented into:
- Charles River Laboratories
- Envigo
- Taconic Biosciences
- Jackson Laboratory
- Crown Biosciences
- Shanghai SLAC
- Shangghai Modelorg
- GenOway
- Syngene International
- Psychogenics
- Pharmaron
- Pharmalegacy
- Horizon Discovery Group
- Vitalstar Biotechnology
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The Animals Used in Research and Testing Market Analysis by types is segmented into:
- Rats
- Mice
- Others
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The Animals Used in Research and Testing Market Industry Research by Application is segmented into:
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
In terms of Region, the Animals Used in Research and Testing Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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Key Drivers and Barriers in the Animals Used in Research and Testing Market
Key drivers in the Animals Used in Research and Testing market include increasing prevalence of various diseases, growing demand for effective pharmaceutical products, technological advancements in research methods, and rising investments in healthcare research. However, barriers in the market include strict regulations regarding animal welfare, ethical concerns surrounding the use of animals in experiments, and growing public awareness and advocacy against animal testing. Challenges faced in the market include increasing pressure to find alternative testing methods, high costs associated with maintaining and housing research animals, and the need for stricter regulations to ensure humane treatment of animals used in research.
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Competitive Landscape
Charles River Laboratories is one of the leading players in the animals used in research and testing market. The company was founded in 1947 and has since grown to become a global provider of preclinical and clinical laboratory services. With a focus on supporting the drug development process, Charles River Laboratories offers a range of services and products to pharmaceutical, biotechnology, and academic organizations.
Envigo is another key player in the market, providing research models and services to the pharmaceutical and biotechnology industries. The company has a long history dating back to the 1920s and has built a strong reputation for providing quality research models and services to support drug discovery and development.
Taconic Biosciences is a leading provider of genetically engineered mice and rats for the research community. The company has a strong focus on developing innovative research models to help advance scientific discoveries in various fields.
According to market research reports, the global animals used in research and testing market is expected to continue to grow in the coming years. The increasing focus on drug development and personalized medicine is driving the demand for research models and services offered by companies like Charles River Laboratories, Envigo, and Taconic Biosciences.
In terms of sales revenue, Charles River Laboratories reported a total revenue of $ billion in 2020, while Envigo reported sales revenue of $472 million in the same year. These figures highlight the significant market size and growth potential of the animals used in research and testing market.
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