Animal Genetics Market - Anticipated to Lead the Global Industry in Near Future
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The branch of genetics that deals with the study of gene variation and inheritance in companion, domestic and wild animals is called as animal genetics. Animal genetics are used for genetic trait testing, DNA testing, and genetic disease testing. The animal genetics market is expected to increase in the forecasted period. Major factors driving the market growth include a growing preference for animal-derived food products and the rising adoption of progressive genetic practices are expected to primarily augment the growth of the market.
The animal genetics market is comprised of top players involving Neogen Corp, Genus Plc, Topigs Norsvin Nederland B.V, Zoetis Inc, Hendrix Genetics B.V, Inotiv Inc, Animal Genetics Inc, Alta Genetics Inc, GROUPE GRIMAUD LA CORBIERE, and Charles River Laboratories International Inc. The companies have been implementing various strategies that have helped their growth and, in turn, brought about several breakthroughs and transitions in the industry. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the market players have also deployed several utilized inorganic strategies, including mergers and acquisitions, partnerships, and collaborations.
Below are the major growth strategies undertaken by the players operating in the global animal genetics market:
Jun-2023: Charles River Expands Triple-Immunodeficient Mouse Model Portfolio. The new NCG mouse strains best suited for studies in oncology, immunology, and infectious disease. NCG Plus portfolio expands the scope of preclinical research that includes humanized mice. It can be used to recapitulate the human immune system using human peripheral blood mononuclear cells (PBMCs) and human hematopoietic stem cells (HSCs), which makes this model ideal for cancer immunotherapy research.
Oct-2022: Genus Plc and Tropic announced extension and expansion of trait development collaboration for the application of Tropic’s Gene Editing induced Gene Silencing (GEiGS) technology in porcine and bovine genetics. The extended collaboration will enable Genus and Tropic to explore additional traits that will be based on the GEiGS platform, to expand animal welfare traits in bovine and porcine species.
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