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Animals Used in Research and Testing Market: The Key To Successful Business Strategy Forecast Till 2031


Executive Summary


The Animals Used in Research and Testing market research report provides valuable insights into the market conditions of this industry. The report covers various factors such as market size, trends, growth drivers, challenges, and opportunities in the global market. The study projects that the Animals Used in Research and Testing Market is expected to grow at a CAGR of % during the forecasted period.

One of the key market trends observed in this industry is the increasing demand for alternatives to animal testing methods. Rising concerns regarding animal welfare and ethical considerations have led to the development of new technologies and methodologies that reduce the need for animal testing. This shift towards alternative testing methods is expected to drive the growth of the market in the coming years.

Geographically, the market for Animals Used in Research and Testing is spread across North America, Asia-Pacific, Europe, the USA, and China. North America holds a significant share in the market due to the presence of key players, stringent regulations, and increasing investments in research and development activities. The Asia-Pacific region is projected to witness a substantial growth rate during the forecast period, driven by the increasing focus on biomedical research and advancements in healthcare infrastructure.

Overall, the Animals Used in Research and Testing market is experiencing steady growth, fueled by technological advancements, regulatory support, and increasing awareness among consumers. The market is expected to witness significant growth opportunities in the upcoming years, driven by the growing demand for innovative testing methods and ethical considerations in research practices.


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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 the increasing prevalence of chronic diseases, growing emphasis on drug discovery and development, and advancements in technology leading to more sophisticated research methods. Barriers include ethical concerns surrounding animal welfare, strict regulations and guidelines for animal testing, and the rise of alternative methods like in vitro testing. Challenges faced in the market include the ongoing debate on the ethical implications of using animals in research, the need for reliable and accurate animal models, and the high costs and time-consuming nature of conducting animal studies.


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Competitive Landscape


Charles River Laboratories is a prominent player in the animal research and testing market. The company was founded in 1947 and has since then grown to become one of the leading providers of research models and services to the pharmaceutical, biotechnology, and academic sectors. Charles River Laboratories has a strong global presence, with operations in North America, Europe, and Asia. The company has a strong focus on innovation and continuously invests in research and development to enhance its product offerings.

Another key player in the market is Envigo, which was established in 2015 through the merger of Huntingdon Life Sciences and Harlan Laboratories. Envigo is a leading provider of research models and services for the pharmaceutical and biotechnology industries. The company has a diverse portfolio of products and services, including genetically engineered models, research diets, and environmental enrichment solutions. Envigo has a global presence with operations in North America, Europe, and Asia.

Jackson Laboratory is another significant player in the animal research and testing market. The company was founded in 1929 and is a leading provider of genetically defined and genetically standardized research models. Jackson Laboratory has a strong reputation for its high-quality research models and services and has established collaborations with leading academic and research institutions.

The market size of the animal research and testing industry is estimated to be around $8 billion, with a projected compound annual growth rate of 6% over the next few years. Some of the key players in the market, such as Charles River Laboratories and Envigo, have reported annual sales revenue in the range of $2-3 billion. These companies are expected to continue to grow and expand their market presence through strategic partnerships, collaborations, and acquisitions.


Purchase this Report: https://www.reportprime.com/checkout?id=11023&price=3590


Get a Sample PDF of the Report: https://www.reportprime.com/enquiry/request-sample/11023


 


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