LONDON–(BUSINESS WIRE)–Dec 10, 2019–
SpendEdge has been monitoring the global laboratory animals and supplies market and the market is poised to experience spend growth of over USD 300 million between 2017-2022 at a CAGR of over 6% during the forecast period. Request Free Sample Pages.
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SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Laboratory Animals and Supplies Market Procurement Intelligence Report. (Graphic: Business Wire)
Read the 83-page research report with TOC and LOE on “The Global Laboratory Animals and Supplies Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, top suppliers, supplier selection and negotiation strategies, and insights into best practices to optimize procurement spend.”
The necessity of newer medicines and the simultaneous emergence of the same is increasing the need for lab animals from the pharmaceutical industry to conduct testing of the medicines. Advancements in genetic mapping and genetic modeling are enabling suppliers to provide better animal breeds and genetic combinations. This is propelling the use of lab animals among pharmaceutical companies, thereby contributing to the growth of laboratory animals and supplies market spend.
In terms of regional spend, APAC owns the majority share of the market, accounting for approximately 40% of the total spend on laboratory animals and supplies. APAC’s large market share is attributed to the rising investments by biopharmaceutical companies in R&D activities, especially in countries such as India, China, and Singapore. Moreover, the growth of the CRO industries in India, China, Taiwan, and Korea is resulting in a greater number of pre-clinical studies being conducted there. These factors are contributing to the growing demand for animal models and supplies.
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The Top Suppliers in the Laboratory Animals and Supplies Enlisted in this Report:
This report has listed the top laboratory animals and supplies suppliers, SLA agreement insights, and the selection and negotiation strategies that buyers must undertake to achieve optimal procurement in this market. Insights into some of the suppliers’ portfolio are given below:
Charles River- Charles River collaborated with cage manufacturing firms to develop environmental monitoring solutions that can help in rearing laboratory animals in a more natural way. Strategic partnerships with this supplier will benefit buyers with the production of advanced animal models, which in turn, will enhance the efficacy of research for biopharmaceutical companies.
The Jackson Laboratory- A global provider of research models and services, the Jackson Laboratory also deals in clinical genomics, precision medicine, education, and learning. It is mainly known for its large inventories and is among the leading providers of mice models. Last year, this supplier published the census of mouse heart cells and its networks for adding resources to cardiac development and health studies.
Covance- Covance is a global clinical research organization that also deals with animal research and models services. It is an AAALAC accredited provider of animal models and has the capability to provide tailor-made animal model and supplies.
Buy 1 report and get the second for 50% off. Buy 2 reports and get the third for free. Download the free sample of this report on the laboratory animals and supplies market.
Some of the key topics covered in this report are:
- Laboratory animals and supplies market spend segmentation by region
- Laboratory animals and supplies supply market analysis
- Regional spend opportunity for suppliers in the laboratory animals and supplies market
- Laboratory animals and supplies suppliers cost structure
- Total cost of ownership analysis in the laboratory animals and supplies market
- Laboratory animals and supplies pricing models analysis
- Category management objectives
- Cost saving opportunities in the laboratory animals and supplies market
Free sample of reports that you may like:
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INDUSTRY KEYWORD: RESEARCH SCIENCE
Copyright Business Wire 2019.
PUB: 12/10/2019 10:07 AM/DISC: 12/10/2019 10:07 AM
Copyright Business Wire 2019.