According to Emergen Research, the global mice model market size was USD 1.30 billion in 2020 and is expected to reach USD 2.13 billion in 2028 and register a revenue CAGR of 6.8% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Mice Model Market, By Type (Outbred, Hybrid, Inbred, Knockout, Spontaneous Mutant), By Service (Cryopreservation, Rederivation, Genetic Testing, Breeding, Quarantine, Others), By Technology (CRISPR, Nuclear Transfer, Embryonic Stem Cell Injection, Microinjection, Others), By Application (Cancer, Diabetes, Infectious Diseases, Neurological Diseases, Research & Development, Academics, Cardiovascular Studies, Genetic Studies, Others), By End-use (Pharmaceutical & Biotechnology Industries, Cosmetics Industry, Contract Research Organizations, Academic & Research Institutes, Others), and By Region, Forecast to 2028”
According to Emergen Research, the global mice model market size was USD 1.30 billion in 2020 and is expected to reach USD 2.13 billion in 2028 and register a revenue CAGR of 6.8% during the forecast period, 2021-2028.
Market Dynamics:
Steady revenue growth of the global mice model market is attributed to factors such as rising prevalence of cancer and various infectious, neurological, and genetic disorders, increasing demand for humanized mice prototypes, and growing applications of mice models in genetic, virology, and neurological studies. Increasing investments by government and private bodies in pharmaceutical and biotechnological research & development activities, growing implications of mouse clinical trials (MCTs) for more accurate and predictive results, ongoing development of more advanced and efficient mice models, and growing use of mice models in the manufacture of personalized medicine are other major factors expected to boost the global market revenue growth over the upcoming years. The COVID-19 pandemic has led to unprecedented growth of the global mice model market in the recent past, with significantly rising demand for COVID-19 vaccines and anti-viral drugs. Therefore, rising cases of the novel coronavirus across the globe and increasing healthcare R&D programs have driven revenue growth of the market. However, emergence of several alternative approaches to animal studies is one of the factors expected to limit market revenue growth to some extent.
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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
CRISPR Segment Accounted for Largest Revenue Share in 2020:
Based on technology, the global mice model market is segmented into CRISPR, nuclear transfer, embryonic stem cell injection, microinjection, and others. The CRISPR segment accounted for the largest revenue share in the global market in 2020. Rapid adoption of the CRISPR technology due to its relatively higher efficiency and simplicity compared to other technologies is one of the key drivers for this segment’s growth. The technology requires lesser time to modify target genes in embryonic stem cells, and it is an improved genomic technique that evaluates the most suitable sequences for RNA modeling.
Infectious Diseases Segment to Account for Fastest Revenue CAGR:
Based on application, the infectious diseases segment is expected to register the fastest revenue growth rate in the global mice model market over the forecast period. Factors contributing to the revenue growth of this segment are rising prevalence of infectious diseases including the novel coronavirus all over the world, increasing research & development activities for new and more advanced anti-viral drugs, growing demand for COVID-19 vaccines, and increasing use of mice models in clinical trials and drug development processes.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America mice model market held the largest revenue share in the global market in 2020. Increasing prevalence of cancer and infectious and neurological diseases, growing use of mice models in contract research organizations (CROs) for clinical trials and drug development programs, rise in R&D activities in the pharmaceutical and biotechnology industries, and presence of key market players in the region, including Charles River Laboratories International Inc., TransViragen Inc., and The Jackson Laboratory, are major factors driving the North America market revenue growth.
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Major Companies in the Global Mice Model 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
For the purpose of this report, Emergen Research has segmented the global mice model market based on type, service, technology, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- Outbred
- Hybrid
- Inbred
- Knockout
- Spontaneous Mutant
Service Outlook (Revenue, USD Billion; 2018-2028)
- Cryopreservation
- Rederivation
- Genetic Testing
- Breeding
- Quarantine
- Others
Technology Outlook (Revenue, USD Billion; 2018-2028)
- CRISPR
- Nuclear Transfer
- Embryonic Stem Cell Injection
- Microinjection
- Others
Application Outlook (Revenue, USD Billion; 2018-2028)
- Cancer
- Diabetes
- Infectious Diseases
- Neurological Diseases
- Research & Development
- Academics
- Cardiovascular Studies
- Genetic Studies
- Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Pharmaceutical & Biotechnology Industries
- Cosmetics Industry
- Contract Research Organizations
- Academic & Research Institutes
- Others
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Region Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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