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- Growing number of mice model projects among academic and research facilities propelling revenues in mice model technologies market; adoption of advanced genomic techniques to expand horizon
- CRISPR gene editing technology spurring development of CRISPR knockout mice, generating enormous opportunities; North America to witness lucrative avenues from use of genomic techniques in rare and chronic diseases
WILMINGTON, Del., Aug. 17, 2022 /PRNewswire/ — Steady rise in R&D on drug discovery and chronic diseases has continually expanded the mice model technologies market size. Biotechnology companies have emerged as a primary user of genetically engineered mouse models, and the segment is projected to account for a major mice model technologies market share during the forecast period. The global mice model technologies market is estimated to advance at a CAGR of 7.4% from 2022 to 2031.
Recent mice model technologies market size trends indicate that with the introduction of emerging gene editing techniques particularly CRISPR/Cas9, companies have witnessed tremendous opportunities. Unmet need for efficacious therapeutics for infectious disease, diabetes, and oncology has spurred the commercialization of NOD SCID gamma mouse , found the TMR analysts. Emergence of mouse xenograft models for use in human cancer therapeutics research is a notable case in point, which will boost the future market outlook for mice model technologies.
With the healthcare industry intent on applying patient-specific therapies, the personalized medicine is expanding in scope. This presents a new avenue for developing new mouse models, thereby enriching the value chain of players in the mice model technologies market.
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Key Findings of Mice Model Technologies Market Study
- Rise in Number of Mice Model Projects for Drug Discovery & Vaccine Development: Investment in mice model projects to study human diseases has been growing steadily, thus driving the commercialization of products in the mice model technologies market. Their demands have increased particularly for drug discovery and vaccine development.
- Application of Genome Editing Techniques Underpins Incredible Market Avenues: Advances in genome editing technologies and techniques are continuously enriching the value chain of players in the mice model technologies market. Advancements in CRISPR/Cas9-mediated genome editing have endowed incredible opportunity for players to grow their shares in mice model technologies market. CRISPR is widely used for creating knockout mice due to the fact that CRISPR-based …
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