Press release
Meticulous Research® Unveils Latest Report: Mice Model Market to Surpass $2.48 Billion by 2030
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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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We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
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