Mice Model Market Soaring at 7.5% CAGR to Register USD 1.59 Billion by 2021

The mice model market is projected to reach USD 1.59 billion by 2021 from USD 1.11 billion in 2016, at a CAGR of 7.5% in the next five years while the inbred mice are estimated to account for the largest share of the market.

Pune, India – February 22, 2017 /MarketersMedia/ —

Mice models are indispensable in research activities dealing with human disease processes due to striking similarities between the anatomy, physiology, and genetics of humans and mice. These advantages promote scientific discovery, understanding of the functions of individual genes, mechanisms of different diseases, and the effectiveness and toxicities of various drug molecules. Mice models are the most popularly used animal models due to their small size, short generation time, accelerated lifespan, low cost, and requirement of less space. These factors help in accelerating the research and development of drug therapies.

Complete report on mice model market spread across 269 pages, profiling 11 companies and supported with 116 tables and 46 figures is now available at http://www.rnrmarketresearch.com/mice-model-market-by-type-inbred-knockout-conditioned-technology-microinjection-embryonic-stem-cell-disease-oncology-immunology-cns-service-breeding-cryopreservation-quarantine-c-market-report.html .

The market players are continuously focusing on innovations in mice models for research on various human diseases. The major factor driving the growth of the market is the growing innovations and advances in mice models providing increased options to researchers to conduct research activities in particular diseases. Even the popularity of technologies like CRISPR, used in creating gene knockouts, is expected to be a major growth opportunity for the market.

On the other hand, factors like advancements in genetic techniques for the development of genetically modified rats have led to the increased usage of rat models, thereby restraining the mice model market to some extent. In addition, increased benefits from cryopreservation, and regulations & laws for the ethical use of animals are some factors expected to restrain the growth of the market. Moreover, the continuous need for improved mice models, advancements in zebra fish model development, and alternative methods to animal testing is some of the major challenges for the market.

In 2016, the inbred mice are estimated to account for the largest share of the market, by type while genetically engineered mice models are expected to be the fastest-growing market segment, owing to high investments in the development of new and innovative knockout models that also increases the application areas for the models.

Charles River Laboratories International, Inc. (U.S.), The Jackson Laboratory (U.S.), Taconic Biosciences, Inc. (U.S.), Envigo (U.K.), Laboratory Corporation of America Holdings (U.S.), JANVIER LABS (France), Harbour BioMed (China), TRANS GENIC, Inc. (Japan), genOway (France), and Horizon Discovery Group plc (U.S.) are some of the key players in the market. Order a copy of Mice Model Market by Type (Inbred, Knockout, Hybrid), Technology (CRISPR, Microinjection), Application (Oncology, Diabetes), Service (Breeding, Quarantine, Genetic testing) & Care Products (Bedding, Feed) – Analysis & Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=140183 .

In 2016, North America is expected to account for the largest share of the market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW).North America’s large share is attributed to the rising demands for monoclonal antibody production, continued and responsible use of animals ensured by animal care organizations, rising preclinical activities by CROs and pharmaceutical companies, growing stem cell research in Canada, and government support for the development of protein drugs in Canada.

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