Global Mice Model Market
Global Mice Model Market Size By Service, By Model Type, By Technology, By Geographic Scope And Forecast
According to Verified Market Research, the Global Mice Model Market was valued at USD 1,282.7 Million in 2018 and is expected to witness a growth of 7.65% from 2019-2026 and reach USD 2,289.5 Million by 2026.
Mice have long served as models of human biology and disease. The concept of using mice as a model organism in order to study human biology is founded on the basis of the physiological and genetic similarities that are found between the human and mice species. Nevertheless, humans and mice, through evolution have become adapted to the different environments and therefore, in spite of their phylogenetic relatedness, they have become very different organisms.
An increase in the number of pharmaceutical research and development activities is expected to drive the market. The advancement of pharmaceutical drug discovery and development has become progressively more challenging over the years. With the use of technology, there have been a significant number of breakthroughs that have facilitated various research processes through which there has been the identification of the causes of diseases. The pharmaceutical industry’s business model essentially revolves around productive innovation that is to create value by delivering customer benefits. It is also important to remember that sustainable growth and value creation depends on steady R&D productivity
The laws and regulations for the use of animals in research are expected to hinder the growth of the market over the forecast period. There are numerous rules and regulations that are followed for the use of animals in research. These rules and regulations vary from place to place and have a significant impact on the mice model market in these areas. In some cases, it is observed that individual areas may regulate the care and use of animals for research in different ways.On the contrary, the rising use of rat models and increased benefits from cryopreservation could be a few of the major restraining factors in the growth of this market in the coming years.
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