Animal Model Market - Global Industry Analysis by Size, Share and Forecast 2021 – 2027
Animal Model Market 2021 According to MRFR analysis, Global Animal Model Market is expected to register a CAGR of 7.8% d uring the forecast period of 2020 to 2027 and is anticipated to reach USD 3,632.48 Million by 2027. The growth of the global animal model market is driven by various factors, such as the growing use in biomedical research to develop new treatment methods, to understand biocompatibility during drug development and cellular responsiveness of the implant at an early stage. Due to all these factors, the demand for animal models is growing in the healthcare sectors. There are large numbers of players involved in the development of new animal model technologies. Some of the key companies operating in this market are Janvier Labs, GenOway S.A., Charles River Laboratories, Taconic Laboratories, and others. However, alternatives such as cell cultures, computer models, & tissue cultures and also the ethical issues on using animals for research activities hamper the m