Mice Model Market is estimated to grow to $2.7 billion by 2028 | MarketsandMarkets

Mice Model Market in terms of revenue was estimated to be worth $1.4 billion in 2023 and is poised to reach $2.7 billion by 2028, growing at a CAGR of 13.9%
Mice Model Market [https://www.marketsandmarkets.com/Market-Reports/mice-model-market-1308.html?utm_source=Abnewswire&utm_campaign=Paid&utm_content=Referral] in terms of revenue was estimated to be worth $1.4 billion in 2023 and is poised to reach $2.7 billion by 2028, growing at a CAGR of 13.9% from 2023 to 2028 according to a new report by MarketsandMarkets Trademark . Some of the prominent factors driving the growth of this market are advancements in mouse models, and the rising number of clinical trials are boosting the growth of the market. However, the presence of alternative animal research models recent ban on animal models from U.S.FDA can hamper the market growth.

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Model type segment accounted for the largest share of the mice model market

Among the model type & services, the mice model market is segmented into model type and services. In 2022, the model type segment accounted for the largest share of the mice model market. Growth in this market segment can be attributed to availability of various types of mice models due to advancements in biotechnology.

Cryopreservation services is the fastest-growing application segment of the mice model market

Based on application, the mice model market is segmented into breeding services, cryopreservation services, rederivation services, quarantine services and other services. In 2022, the cryopreservation services segment accounted for the fastest-growing share of the application segment of mice model market. Market growth can largely be attributed to the need of preservation of novel mice models.

Asia Pacific: The fastest-growing region in the mice model market.

The Asia Pacific mice model market is projected to grow at the highest CAGR during the forecast period, mainly due to the rising focus on R&D activities, increasing adoption of mice models, and technological development in R&D activites. Moreover, growth in regenerative medicine and biomedical & medical research in Japan are some of the key factors contributing to market growth in the region. The Asian market has also garnered significant attention from global players due to the comparatively less-stringent regulations in Asian countries as compared to those in Europe and the US, as well as the region's low-cost advantage-both factors have driven outsourcing to Asia.

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Key Market Players:

The market for mice model is highly consolidated, with key players strategizing to capture the market. Prominent players in the mice model market are Charles River Laboratories (US), The Jackson Laboratory (US), Inotiv (US), genOway (France), Taconic Biosciences, Inc. (US), Janvier Labs (France), Harbour BioMed (China), Trans Genic Inc. (Japan), Ingenious Targeting Laboratory (US), PolyGene AG (Switzerland), Aragen Life Sciences Ltd. (India), Cyagen Biosciences (US), Crown Biosciences (US), TransCure bioServices (France), Ozgene Pty. Ltd. (Australia), The Andersons, Inc. (US), Allentown, LLC (US), Innovive (US), Lab Products, LLC. (US), Crescendo Biologics Limited (UK), ImmunoGenes (Hungary), Lexicon Pharmaceuticals, Inc. (US), Horizon Discovery Ltd (UK). Marshall BioResources (US), and Applied StemCell Inc. (US).

Mice Model Market - Report Highlights:

* The value chain analysis, ecosystem analysis, and regulatory scenario are added in the market overview chapter.
* The new edition of the report provides updated market breakdown with detailed analysis on model types & services, technology, application and end user.
* The new edition of the report provides updated financial information till 2022 (depending on availability) for each listed company in a graphical representation. This would help in the easy analysis of the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating region/country, and business segment focus in terms of the highest revenue-generating segment.
* Recent developments are helpful to understand market trends and growth strategies adopted by players in the market.
* Tracking product portfolios of prominent market players helps to analyze the major types in the mice model market. The new edition of the report provides an updated product portfolio of the companies profiled in the report.
* Market evaluation framework, market share analysis and competitive leadership mapping have been added in competitive landscape chapter of the report.
* The competitive leadership mapping has been updated considering recent developments in the company evaluation matrix.

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