Mice Model Market Trend- Increasing Demand for Humanized Mice Models
Increasing prevalence of chronic diseases across the globe, growing demand for personalized medicine, and high demand for mice in research and development of new drugs are some key factors expected to drive global mice model market growth.
According to Emergen Research, the global mice model market size was USD 1.22 billion in 2019 and is expected to reach USD 2.00 billion in 2027 and register a steady CAGR of 6.8% during the forecast period, 2020-2027.
Mice are one of the most commonly used animal models for studying human diseases as mice are biologically similar to humans and can be genetically modified to mimic any human disease. Mice are the most preferred mammalian research model due to easy availability, short estrous cycle and gestation period, fast reproduction, convenient in vitro fertilization, and successful culture of embryo in vitro. In addition, these mice are cheap and easy to look after.
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Mice are widely used for research in physiology, genetics, medicine, psychology, and other scientific disciplines. Factors such as growing demand for effective therapeutic drugs, rapid advancements in gene editing tools and technology, and high usage of mice models for research and development of COVID-19 vaccine are expected to drive global market revenue growth during the forecast period. In addition, growing preference for inbred mice for studying genetics of complex diseases, rapid adoption of microinjection technology, and increasing investments in R&D activities are expected to fuel market growth going ahead. However, stringent regulations for ethical use of animals for research purposes, increasing usage of rat models, dearth of skilled laboratory technicians, and lack of well-developed research infrastructure and facilities are some key factors that can hamper overall market growth to a certain limit over the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Pharmaceutical Segment to Account for Largest Revenue Share:
The pharmaceutical segment is expected to account for largest revenue share during the forecast period owing to increasing prevalence of chronic diseases across the globe, high usage of mice models in drug discovery and veterinary research, and rising investments in developing vaccines for infectious diseases.
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Cancer Segment To Register Robust Revenue Growth:
The cancer segment revenue is expected to expand significantly over the forecast period. This can be attributed to factors such as increasing prevalence of various types of cancers, rising number of clinical trials and research-based activities on cancer treatment, and increasing availability of grants by public and private sectors.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market between 2020 and 2027 owing to increasing prevalence of chronic diseases, rising usage of mice in pharmaceutical research, presence of well-developed research laboratories, and rising number of pre-clinical studies. In addition, presence of key companies, rapidly growing biotechnology and pharmaceutical companies, increasing demand for personalized medicine, and rising investments in research and development activities are expected to drive North America market growth during the forecast period.
Major Companies in the Market Include:
- Envigo Ltd.
- TransViragen Inc.
- Charles River Laboratories International Inc.
- GenOway S.A.
- The Jackson Laboratory
- Ozgene Pty Ltd
- GVK Biosciences Private Limited
- Taconic Biosciences Inc.
- Pharmaron, Inc.
- Horizon Discovery Group plc.
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For the purpose of this report, Emergen Research has segmented the global mice model market on the basis of type, service, technology, application, end-use, and region.
Type Outlook (Revenue, USD Billion; 2017–2027)
- Spontaneous Mutant
Service Outlook (Revenue, USD Billion; 2017–2027)
- Genetic Testing
Technology Outlook (Revenue, USD Billion; 2017–2027)
- Nuclear Transfer
- Embryonic Stem Cell Injection
Application Outlook (Revenue, USD Billion; 2017–2027)
- Research & Development
- Cardiovascular Studies
- Genetic Studies
- Infectious Diseases
- Neurological Diseases
End-use Outlook (Revenue, USD Billion; 2017–2027)
- Contract Research Organizations
- Academic & Research Institutes
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Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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