(MENAFN- America News Hour)
In a recently published report, Animal Model Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Animal Model Market products.
Get a Sample Copy of this Report with Graphs and Charts:
Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Animal Model Market valued approximately USD 574.81 million in 2017 is anticipated to grow with a healthy growth rate of more than 6.70% over the forecast period 2018-2025. Increasing applications of animal species in a way to develop many novel therapy is likely to raise the growth of animal model market as well as rapid advancements in novel technologies and growing different types of genetic disorders across the globe are the major driving which fueling the demand of animal model market across the globe. One of the major restraining factor of global animal model market is concentrated that animal model have been deemed less effective for human disease research. Significantly incident rate of diseases along with adverse effects of drugs build-up various opportunities in global animal model market.
The animal in which the pathological and the biological studies are done and tested such animal is referred as an animal model. The animal models are used as it has a functional resemblance to the human body. There are various guidelines that have to be followed while taking an animal model for to the experiment. The advantages of animal model research is that it puts no risk on the human lives. Experiments can takes place to determine, if a product or idea will work as intended. If it does, then it can be tested on humans with a lower risk of a negative outcome.
The regional analysis of Animal Model Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share in animal model market. In the animal model research, significant investments that are made in the favor with relevant policies which is reformed by North American Government to encourage the funds. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Get a Sample Copy of this Report with Graphs and Charts:
The detailed segments and sub-segment of the market are explained below:
By Type:
• Rats
• Mice
• Others
By Application:
• Labs
• Academic and Research Institute
By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include Charles River laboratory, Advinus Therapeutics, Beijing Vital Star Biotechnology Co. Ltd.
Crown Biosciences, Envigo, Genoway, Horizon Discovery Group, Jackson Laboratory,, Pharmalegacy Biotechnology, Pharmaron, Psychogenics Inc., Shanghai Medicilon and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Animal Model Market in Market Study:
 Key Consulting Companies & Advisors
 Large, medium-sized, and small enterprises
 Venture capitalists
 Value-Added Resellers (VARs)
 Third-party knowledge providers
 Investment bankers
 Investors
Get a Sample Copy of this Report with Graphs and Charts:
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
MENAFN09022022004545010068ID1103662338
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.