2014-03-17 07:33:01 - Mice Model Market: Forecasts to 2018 - a new market research report on companiesandmarkets.com
The mice model market is forecast to be worth US$1819.9 million by 2018. Over the years, the mice model market, which includes models and services, has witnessed many innovations that have led to an increase in the application areas of mice models. For instance, mice models are widely used in preclinical research in a number of academic institutions all around the world and also in various industries including pharmaceutical, biotechnology, biopharmaceutical, medical research, biomedical research, and others.The inbred mice market is the fastest-growing segment of the mice model market. The rapid growth of this market is attributed to their ability to reproduce the same results in different laboratories over a period of time. However, the knockout mice model market is
the fastest-growing market due to the increase in the number of investments in the development of knockout mice models. One of the major investments includes $110 million by the National Institutes of Health (NIH) (U.S.) for a period of five years to initiate the second phase of the Knockout Mouse Project (KOMP2) in September 2011.In the mice model services market, the breeding market is expected to grow at the highest CAGR. This is due to the increase in the production of mice as well as the increase in use of mice by companies, which has increased the need to manage the breeding of these mice in an effective manner. Thus, the growing market for mice models is likely to boost the market for breeding services.In the coming years, the growth of the mice model market is likely to be focused on China, India, Japan, Brazil, and Mexico. These countries offer a wide array of opportunities for growth and are likely to serve as revenue pockets for the mice model market. All these countries offer high-growth potential as compared to mature markets such as the U.S. and U.K.
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