Press release
The Oncology Mice Models Market to foray into digital innovation, witnessing a CAGR of 6%
The global market for oncology mice models is expected to grow significantly in the coming years, driven by factors such as the increasing prevalence of cancer, the growing demand for new cancer therapies, and the increasing adoption of mice models in cancer research.
One of the key drivers of the oncology mice models market is the increasing prevalence of cancer. As the global population grows and ages, the incidence of cancer is expected to increase. This is driving demand for research into new therapies and treatments for cancer, which in turn is driving demand for oncology mice models.
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Surge in research of oncology drugs in the past decade has resulted in the generation of a large number of target molecules that need to undergo preclinical and clinical trials for approval. This will help to boost the growth of the market.
In September 2021, Harbour BioMed announced IND approval for phase II trial of Anti-FcRn Batoclimab in chronic inflammatory demyelinating polyneuropathy, in China.
Company Profiles:
The Jackson Laboratory
Taconic Biosciences
Charles River Laboratories
Shanghai Model Organisms Center Inc.
Envigo
Biocytogen
Genoway
Crown Bioscience Inc. (JSR Corporation).
Cyagen
Applied stem cells
Ingenious Targeting Laboratory
PolyGene - Transgenic mice model company
Creative Biolabs
TransCure Bioservices
Champions Oncology Inc
Certis Oncology
Signature
Pharmaron
Laboratory Corporation of America Holdings
Gempharmatech
Janvier Labs
Harbour BioMed
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Key Takeaways from Market Study
Syngeneic tumor mice models contributed the highest revenue share of 56.2% in 2021 in the global market.
The end user segment was dominated by contract research organizations with nearly 1/3 revenue share in 2021.
North America led the global market with nearly 48.6% value share in 2021.
"The global oncology mice models market is expected to witness significant growth due to development of immuno-oncology combination drugs therapy," says a Persistence Market Research analyst.
Market Competition
Some of the leading suppliers of mice models are The Jackson Laboratory, Charles River, Taconic Biosciences, Shanghai Model organism, and Envigo amongst others. Key market players are focusing on acquisitions, collaborations, and product launches to increase their revenues across geographies.
In February 2021, Charles River acquired Cognate Bioservices to expand its cell and gene therapy programs.
In January 2022, Taconic Biosciences announced the launch of the huNOG-EXL EA (Early Access) humanized immune system (HIS) mouse.
In October 2021, The Jackson Laboratory announced the acquisition of Charles River Laboratories Japan.
In September 2021, Envigo announced a collaboration with Biocytogen to distribute the B-NDG triple immunodeficient and humanizable mouse model.
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Read More:
https://www.medgadget.com/2022/05/the-oncology-mice-models-market-emerged-to-be-a-stalwart-amidst-digitization-from-2022-2032-reaching-us-696-4-mn.html
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