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Global Humanised Mouse and Rat Model Market to Reach USD 189.10 Million by 2027, Aided by Rising Demand for Personalised Medicine
According to a new report by EMR titled, ‘Global Humanised Mouse and Rat Model Market Report and Forecast 2022-2027’, the global humanised mouse and rat model market reached USD 105.9 million in 2021. The industry is expected to grow at a CAGR of about 10.15% in the forecast period of 2022-2027 to reach USD 189.10 million by 2027.
The rising use of mouse and rat models for the detection of immunodeficiency disorders, tumours, and other unusual diseases, growing demand for personalised medicine, increase in research and development activities carried out by pharmaceutical and biotechnology companies; and rise in the acceptance of adapted medicines have aided the growth of the humanised mouse and rat model market. The humanised mouse model industry growth rate can also be attributed to the rising incidences of chronic disorders and growing demand for effective therapeutic drugs and is anticipated to bring new opportunities. Basic science, safety evaluation for large molecule therapeutics, simulation of some human-specific infectious diseases, and efficacy testing of immunotherapy approaches all use humanised mouse models. Factors such as the growing ageing population and rising number of diagnostic imaging are amongst the major factor projected to impel the growth of the market. The oncology segment is likely to witness the highest growth due to the rising number of cancer research activities and rising innovation to develop humanised mouse models tailored to meet the specific needs of cancer research.
Due to the presence of key players, the global humanised mouse and rat model industry is highly consolidated. The humanised mouse and rat model market is expected to be driven by leading players' growth strategies. For example, Taconic Biosciences, a global leader in providing drug discovery animal model solutions, announced in February 2020 that its humanised immune system mouse models were currently being developed in Europe. Local production makes it easier for drug discovery researchers in Europe to get their hands on this essential oncology research tool.
Market Analysis by Type, Applications, End-Use, and Regions:
- Based on type, the market can be divided into humanised mouse models and humanised rat models.
- The leading applications are oncology, immunology and infectious diseases, neuroscience, haematopoiesis, and toxicology, among others.
- Pharmaceutical and biotechnology companies, contract research organisations, and academic and research institutions are the end-uses of the industry.
- The regional markets for humanised mouse and rat models include North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
Key Findings of the Report:
- Speedy technological developments are leading to the growth of the market.
- Increasing research and development activities will propel the growth of the market.
- The rise in translational and biomedical research will lead to the development of humanised mouse and rat model industry.
- Continuous funding and investments from governments and private sectors for mouse and rat model research are expected to boost market growth.
Key Offerings of the Report:
- The EMR report gives an overview of the global humanised mouse and rat model industry for the periods (2017-2021) and (2022-2027).
- The report also offered the historical (2017-2021) and forecasted (2022-2027) markets for type, applications, end-use, and major regions of humanised mouse and rat model.
- The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.
The major players in the global humanised mouse and rat model industry include The Jackson Laboratory, GenOway S.A., TransGenic Inc., Horizon Discovery Group plc, and Vitalstar Biotechnology Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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