Mice Model Market Worth 1,370.5 Million USD by 2023Published On: July 11, 2018
Meticulous Research® –leading global market research company published a research report titled “Mice Model Market by Type (Inbred Mice, Outbred Mice, Genetically Engineered Mice), Service (Breeding, Rederivation), Therapeutic Area (Oncology, Heart Disease), Technology (CRISPR Cas9, SCNT), Mice Care Product (Cage, Feed), and End User- Global Forecast to 2023”.
According to this latest publication from Meticulous Research®, the global mice model market is poised to grow at a CAGR of 7.2% from 2018 to 2023 to reach USD 1,370.5 million by 2023, driven by continuing modification in mice model for cancers, immune diseases, and rare diseases; increasing devouring of personalized medicine propelling the demand for humanized mice model; rising grants and investments for biological research; rising pharmaceutical R&D activities; and increasing focus of the International Mouse Phenotyping Consortium (IMPC) and International Knockout Mouse Consortium (IKMC) on the development of embryonic stem cells as well as knockout and mutant mice. Moreover, evolution of CRISPR-Cas9 gene editing technology in the field of biomedical research, increasing demand for humanized mice model, and rising monoclonal antibody production provides significant opportunities in this market. However, increasing use of rat models, increased advantage from cryopreservation, and stringent government regulations and laws for ethical use of animals in research hinders the growth of mice model market to some extent.
Browse in-depth Report on https://www.meticulousresearch.com/product/mice-model-market/
The global mice model market study presents historical market data in terms of value (2016 and 2017), estimated current data (2018) and forecasts for 2023- by type (inbred mice, outbred mice, genetically engineered mice, hybrid mice, immunodeficient mice, and spontaneous mutant), service (breeding, cryopreservation & cryorecovery, quarantine, rederivation, model in licensing, genetic testing, and other services), therapeutic area (oncology, immunology & inflammation, cardiovascular, diabetes, neurobiology, rare diseases, and other diseases), technology (CRISPR-Cas9, embryonic stem cell injection, microinjection, somatic cell nuclear transfer, other technologies), mice care products (cages, feed, bedding, others), and end user (academic and research institutes, pharmaceutical and biotechnology companies, contract research organizations, and others). The study also evaluates industry competitors and analyzes the market at regional and country level.
The inbred mice models are being widely adopted for huge preclinical trials during drug discovery process. These models held the largest share in 2017; however, genetically engineered mice models are set to be the emerging and rapidly growing type of mice model.
Services form an essential part of the mice model market and breeding services comprised the major share in 2017. This segment is expected to witness the fastest growth mainly attributed to their ability to produce adequate quantity of desired litters which help researchers to conduct various preclinical trials during drug discovery process.
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, and RoE), Asia-Pacific (Japan,China, India, and RoAPAC), Latin America, and the Middle East & Africa. North America accounted for the major share in the global mice model market in 2017, followed by Europe, and Asia-Pacific. The major share of the North American region is mainly attributed to the presence of established pharmaceutical & biotechnology industry and advanced biomedical research field showing huge demand for mice model for the drug discovery process, increasing R&D expenditure, and various government initiatives. However, Asia-Pacific region possesses lucrative growth potential for the mice model market during the forecast period. This is mainly attributed to the increasing growth in government & private sector, growing biomedical & personalized research areas, and rising focus on the regenerative medicine in order to understand the translational research field.
The key players in the global mice model market are Charles River Laboratories International, Inc. (U.S.), The Jackson Laboratory (U.S.), Laboratory Corporation of America Holdings (U.S.), Horizon Discovery Group plc (U.K.), Trans Genic Inc. (Japan), genOway (France), Taconic Biosciences, Inc. (U.S.), Envigo (U.S.), JANVIER LABS (France), Ingenious Targeting Laboratory (U.S.), and Harbour Antibodies BV (The Netherlands).
Key questions answered in the report-
- Which are the high growth market segments in terms of mice model type, service, therapeutic area, technology, end user, mice care products, and regions/countries?
- What is the historical market for mice model across the globe?
- What are the market forecasts and estimates from the period 2018-2023?
- What are the major drivers, restrains, opportunities, and challenges in the global mice model market?
- Who are the major players in the global mice model market and what share of the market do they hold?
- Who are the major players in various countries and what share of the market do they hold?
- What are the competitive landscapes and who are the market leaders by sub-region in the global mice model market?
- What are the recent developments in the global mice model market?
- What are the different strategies adopted by the major players in the global mice model market?
- What are the geographical trends and high growth regions/countries?
- What are the local emerging players in the global mice model market and how do they compete with the global players?
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