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Mice Model Generation Market is Likely to Rise at 8.1% CAGR during the Forecast Period: TMR Study

Thursday, October 20, 2022 7:03 AM

WILMINGTON, DE / ACCESSWIRE / October 20, 2022 / Transparency Market Research Inc. - By 2021, the value of global mice model generation market reached US$ 424.6 Mn. The demand analysis of mice model generation market expects the market to rise at 8.1% CAGR during the forecast period, from 2022 to 2031. Besides, by 2031, the global mice model generation market is estimated to cross value of US$ 918.4 Mn. Mice are small, manageable, and often simple to move around. Additionally, they can be readily replicated, which is likely to propel the global mice model generation market during the forecast period. The sales of mice model generation market is anticipated to increase from 2022 to 2031 due to an increase in the utilization of genetically engineered mouse model (GEMM) for the purpose of drug discovery uses.

Transparency Market Research inc., Thursday, October 20, 2022, Press release picture

The production of knock-in, knock-out, and transgenic mice has been facilitated by the rapid technical improvements in mouse model generation. The global market for mice model generation is expanding due to the rising demand for powerful COVID-19 vaccinations to contain the outbreak and wipe out the virus. Governments from several nations are working toward finding viable treatments and vaccinations for numerous chronic illnesses. Players in the global mice model generation market is estimated to benefit from such attractive potential.

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In 2021, North America held more than 40% of the share of the global market and thus led the market. The regional mice model generation market outlook holds great promise for a range of products used in research procedures due to its well-established biopharmaceutical and pharmaceutical research fields. Besides, existence of some of the top biopharmaceutical and pharmaceutical businesses are anticipated to propel the regional market further.

Key Findings of Market Report

  • The global mice model generation market is being boosted by the advent of CRISPR as a promising technique in the domain of biomedical studies. It is expected to emerge as one of the important emerging trends of mice model generation market. Besides, rise in use of CRISPR technology in a broad range of industries is estimated to drive the global market.
  • The global market is being driven by breakthroughs in gene technology, which are being propelled by the demand for speedy and precise treatments in the constantly developing medical industry. A customized treatment plan based on the distinct traits of a specific cancer can be made possible with the identification of genetic variations to identify therapeutic response or resistance to drugs by the patients. The global market is expected to be driven by the rising popularity of studying cancer in mice models during the past few decades.
  • In 2021, the CRISPR knockout category commanded the majority of the global market, depending on technology. The CRISPR knockout sector is anticipated to be driven by the high precision, efficacy and versatility of the CRISPR gene editing technology in the coming years. According to the global market trends, increasing use of CRISPR technique for the purpose of development of CRISPR knockout mice is projected to propel the market

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Global Mice Model GenerationMarket: Growth Drivers

  • The global mice model generation market is expected to be dominated by biotechnology companies, depending on the end-user type. It is projected that this market segment will register very high CAGR during the forecast timeframe. The segment's growth is being driven by the growing usage of CRISPR technique by academic institutions and biotechnology companies.
  • The Asia Pacific market is anticipated to develop at a very high CAGR. The COVID-19 breakout is projected to stimulate the use of mice models for research throughout the forecast timeline.

Global Mice Model Generation Market: Key Players

Some of the key market players are

  • Taconic Biosciences, Inc.
  • University of Nebraska Medical Center
  • The Technion - Israel Institute of Technology
  • Charles River Laboratories
  • Yale School of Medicine
  • The Weizmann Institute of Science

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Global Mice Model Generation Market: Segmentation

Technology

  • CRISPR Knockout
  • CRISPR Knockin
  • Random Insertions
  • Large & Targeted Insertions
  • ES Cell Modification (homologous recombination)
  • Others

End User

  • Pharmaceutical Companies
  • Biotechnology Companies
  • Academic & Research Facilities
  • Contract Research & Manufacturing Organizations

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyse information.

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