Rockville, MD, Nov. 19, 2018 (GLOBE NEWSWIRE) -- The need for animal models has been enhanced due to the development of various novel therapies. In addition, it has been recorded that pharmaceutical companies are diversifying their research activities, which in turn requires animal models. With a purpose to analyze the advancing trends in the global animal model market, Fact.MR has published a smart research study titled “Animal Model Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026”. This assessment offers an insightful overview about the target industry with the help of thorough methodologies and exact research to deliver definitive judgment regarding the growth trajectory of the animal model market.
The primary purpose of this analysis is to deliver cutting-edge perception of the animal model market. This is achieved with the inclusion of pioneering forecast associated to market size measured in terms of value (US$ Mn) and volume (Thousand Units). Furthermore, the readers are enlightened with market dynamics as well as macroeconomic factors which exert thoughtful influence on the overall animal model market. This portion majorly encloses market growth drivers, prevalent trends, market restraints and beneficial opportunities, which are carefully explained for gaining better understanding about the actual scenario prevailing in the global animal model market. Later on, this exhaustive study highlights the animal model market across major regional segments like North America, Europe, South Korea, Latin America, Middle East & Africa (MEA) and APAC.
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Developing Regions to Showcase Higher Demand
According to research findings, the Asian territory is experiencing an evolving trend that is expected to make it the biggest destination for animal models. There are numerous factors that can be attributed for this growth, such as European and American pharmaceutical companies expanding their research tasks to limit extra expenses. Even though U.S and Europe have reserved their position in the global market, it has been noticed that their shares have drastically dropped in the past few years, with APAC offering higher opportunities. Considering the Asian countries, India, China, Singapore and Malaysia, are expected to record healthy demand, with China managing a prominent share.
Vaccine Testing to Impose Higher Use of Animal Models
Interestingly, upgradation of human vaccines depends on animal models to a huge extent. It has been analyzed that a variety of regulatory authorities have made it compulsory for fresh vaccine candidates to pass preclinical tests in animal models before they are rated eligible for clinical experiments including human subjects. Moreover, animal models are extensively utilized in biomedical research that works to synthesize new therapy methods for treating diseases. The objective is to acquire better understanding of a specific disease that further helps in quicker understanding of the drug efficiency.
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Market Segmentation
Market forecast of animal model market is enclosed with the inclusion of relevant segments like species, end user, application and region. The prime applications of animal model market examined in this report are drug discovery/development and basic & applied research, which have been thoroughly studied as well as expressed for the advantage of the readers. It should be known that, each of the mentioned segments are analyzed in terms of revenue (US$ Mn) comparison, market share comparison and Y-o-Y growth.
Finally, the research study discusses the major players functioning in the market who are contributing ominously to the overall market growth. Some of the key players mentioned in the report are Genoway SA, Crown Bioscience, Inc., Envigo CRS SA, Eurofins Scientific SE, and Transposagen Biopharmaceuticals, Inc. Vital information associated to acquisitions, takeovers and mergers, linked to each of these companies is also included in the report to make it an ingenious data source.
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