The article cited AMA's Global Animal Model Market Study explored substantial growth with CAGR of 7.38%. According the report, Increasing Adoption of Mouse Models in the Field of Cancer Research
is one of the primary growth factors for the market. Upsurging Research and Developments in Developing a Number of Novel Therapies
is also expected to contribute significantly to the Animal Model market. Overall, Physiology
applications of Animal Model, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Animal Model market identified that the demand is rising in many different parts of the world as "Rising Need for Animal Models for the Treatment of Alzheimer’s Disease
". Furthermore, some recent industry insights like "According to the World Health Organization (WHO), currently, dementia affects nearly 10 million people in Europe and is likely to double by 2030. Growing instances of neurological disorders in the European region is assisting the research and development activities using various biotechnological solutions such as highering Animal Model. In addition to this, the European Research Council has also established an advanced project named ‘CONCEPT’ in order to understand bases of memory, decision making, and perception using rodents and other technically advanced instruments." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of R&D Activities in Underdeveloped Economies and Hard to Cope up with the Volatile Demand for Animal Model"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Animal Model market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Animal Model market and other related sub-markets covered in the study.
o Key & emerging players in the Animal Model market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Animal Model market size is calculated using market estimation process, the Animal Model market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Animal Model market size has been validated using both top-down and bottom-up approaches.