Global Pig Animal Model Market to touch USD 130.3 MN By 2025
Posted On October 11, 2019
As per Value Market Research, the Global Pig Animal Model Market was valued USD 79.5 MN (by revenue) in 2018 and is anticipated to reach USD 130.3 MN by 2025 with a CAGR of 7.00% between 2019 and 2025. The pig animal model market is gaining tremendous growth on the account of the rising number of disease around the globe along with the adverse effects of drugs which has raised the adoption of an animal model. Growing application of pig animal model across basic research such as developing new therapeutics for drug discovery, drug screening & lead optimization, toxicity & safety screening, in preclinical analyses of drug safety & efficacy, due to its similarity with the immune system of humans is further anticipated to propel the market growth.
The pig as an animal model is considered as a very effective tool because they are very closely associated with humans in terms of physiology, genetics, and anatomy which makes them an ideal animal model to study various disease. They are more predictive than other animal models for treatment and development of vaccines and drugs. They are also useful for the research into preclinical validation of medical and surgical devices and are increasingly being used as an alternative to the dog and monkey for testing of pharmaceuticals. The pigs are also now used for the production of genetically modified pigs for xenotransplantation and other human genetic and degenerative disease to understand their pathogenesis.
The report "Global Pig Animal Model Market Report By Application (Physiology, Toxicology, Neurology Research, Cancer Research, Biomedical Research, Genetic Research, And Xenotransplantation), End-User (Pharmaceutical Companies, Contract Research Organization, Research Institutes, And Educational Institutes) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018-2025" covers market introduction, dynamic, trends, opportunities, estimation, prediction, and competitive dashboard.
Market segmentation includes application, end-user, and region. The application encompasses physiology, toxicology, neurology research, cancer research, biomedical research, genetic research, and xenotransplantation. Out of which, Physiology is dominating the segment owing to rising adoption of the pig as an animal model for studying the physiology of human because of their similar anatomy to human. End-user consists of pharmaceutical companies, contract research organization, research institutes, and educational institutes. The pharmaceutical industry has emerged as the largest end-user owing to the rising usage of the pig model for testing of various pharmaceutical products. Regional segmentation covers North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is leading the overall market owing to the presence of well-established healthcare sector coupled with the rising government support in the form of policies and funding’s.
The Report Segments Global Pig Animal Model Market -
Middle East & Africa
Players Profiled In The Report:
Charles River Laboratories International, Inc., Envigo CRS SA, Specipig, and others.
Download the FREE SAMPLE of Global Pig Animal Model Market Research Report
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