By 2028, Animal Model Market Revenue Might Be Over $30 Billion

By 2028, Animal Model Market Revenue Might Be Over $30 Billion

Animal Model Industry (testing on animals) is expected to surpass $30 billion in revenue by 2028 and have an 8.1% yearly growth for the period between 2022 and 2028.

The growth of this industry comes due to the increased need for test subjects in the medical research segment, which includes drug testing, vaccines, and disease research. Another reason for this is the increased prevalence of infectious diseases.

Their effectiveness has been proven in various studies, which is why animals are increasingly used by biopharmaceutical companies.

Monkeys are one of the most used animals, since they are closely related to humans and share many similar traits and anatomy. 

In recent years they’ve been used in many different types of research, most notably for  COVID-19 vaccine research and in some Alzheimer’s and Parkinson’s trials.  

This is why the monkey segment of the animal model market was worth around $1,388 million in 2021 and is predicted to be one of the fastest growing departments. 

Although there’s no denying that science benefits from these testing subjects, it’s important to note that these animals suffer terrible fates in the name of science. 

Leave a Reply

Your email address will not be published. Required fields are marked *