Meticulous Research® Unveils Latest Report: Mice Model Market to Surpass $2.48 Billion by 2030

Meticulous Research® Unveils Latest Report: Mice Model Market to Surpass $2.48 Billion by 2030

[Redding, California, 09-02-2024] - Meticulous Research®, a renowned global market research firm, has released its comprehensive report titled, 'Mice Model Market By Mice Type, Services, Technology, Application, End User - Global Forecast to 2030.' This insightful analysis delves into the dynamic landscape and promising prospects within the mice model market.
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Market Projection:

The mice model market is poised for substantial growth, with projections indicating a valuation exceeding $2.48 billion by 2030, boasting a robust Compound Annual Growth Rate (CAGR) of 6.5% from 2023 to 2030. This upward trajectory is fueled by several factors, including the inherent advantages of mice as a preferred animal model for studying human diseases, the escalating prevalence of cancer, a surge in research grants, and burgeoning demand for personalized medicine. Moreover, technological advancements and innovations in mice models are anticipated to unlock significant growth opportunities within the market.

Challenges and Restraints:

Despite the promising outlook, ethical concerns and regulatory constraints pose challenges to market expansion. Additionally, the scarcity of skilled personnel for animal studies and the high cost associated with mice models present hurdles to market growth.

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Leading Players:

Prominent players shaping the mice model market landscape include Charles River Laboratories International, Inc., The Jackson Laboratory, Laboratory Corporation of America Holdings, Horizon Discovery Group plc, and others.

Segmentation Insights:

The report meticulously segments the mice model market based on mice type, services, technology, application, end user, and geography. Key segments include innate mice, breeding services, CRISPR/CAS9 technology, oncology studies, pharmaceutical & biotechnology companies, among others.

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Geographical Review:

Geographically, North America is poised to dominate the mice model market in 2023, followed by Europe and Asia-Pacific. This dominance is attributed to advanced R&D infrastructure, the presence of major pharmaceutical & biotechnology companies, and substantial government R&D funding within the region.

Future Outlook:

The report provides a forward-looking perspective, evaluating industry competitors, analyzing country and regional-level markets, and identifying growth opportunities and emerging trends shaping the future trajectory of the mice model market.

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This release was published on openPR.