Growing animal model market projected to reach $4.6 billion by 2032, driven by research demand

From GlobeNewswire: 2024-12-19 08:00:00

The Animal Model Market was valued at USD 2.3 billion in 2023, expected to reach USD 4.6 billion by 2032 with a CAGR of 8.2%. Key players include Charles River Laboratories, Taconic Biosciences, and more. Mice dominate the market, cancer research leads applications, and North America holds the largest market share.

Animal models play a crucial role in drug development, with governments and research institutions worldwide investing heavily in animal-based research models. Cancer research is a major focus, with animal models aiding in understanding tumor biology and treatment responses. The market is expected to grow rapidly, particularly in response to global health emergencies like COVID-19.

The importance of animal models in research is highlighted by the U.S. NIH allocating USD 2.5 billion for animal research in 2023. The Horizon Europe program also provides increased funding for research using animal models. Animal models are essential for studying human diseases, vaccine development, and testing new therapeutics, ensuring they meet regulatory standards for drug approval processes.

North America accounted for 43% of the global animal model market in 2023, with the U.S. leading due to robust healthcare infrastructure and government funding for research. The Asia-Pacific region, particularly China and India, is emerging as the fastest-growing market for animal models. Animal models are indispensable in clinical research, especially for chronic diseases and cancer. The rise in demand for animal models in drug development is fueled by healthcare infrastructure expansion and increased investments in research. China, Japan, and South Korea are focusing on animal research for drug discovery. Recent developments include Charles River Labs’ new breeding program for oncology research and Envigo’s new primate breeding facility in India.

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