Humanized Mice Model Market to Hit USD 19.71 Billion By 2031, Due to the Rising Demand for Personalized Medicine | Growth Plus Reports
Growth Plus Reports
Growth Plus Reports

Newark, New Castle, USA, March 31, 2023 (GLOBE NEWSWIRE) -- The newest report from Growth Plus Reports analyzes the production, applications, demand, major manufacturers, and SWOT analysis of the global humanized mice model Market.

The humanized mice model market report assists in analyzing the optimum distribution methods for certain products as well as potential markets for new product launches. You can get insights into valuable data, information, statistics, trends, and competitive landscape through the report's comprehensive TOC, Tables, and charts.

Key Takeaways:

  • The growth in the prevalence of chronic and infectious diseases is driving the market's revenue growth.

  • The increasing demand for personalized medicine will drive demand for humanized mice models.

  • North America dominates the global humanized mice model market.

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                                   Humanized Mice Model Market Scope

Report Attribute

Details

Market size value in 2022

US$ 8.5 billion

Revenue forecast in 2031

US$ 19.71 billion

Growth Rate

CAGR of 9.8% from 2023 to 2031

Base year for estimation

2022

Forecast Period

2023-2031

Historical Year

2021

Segments covered

Model Type, Application, End-user, and Region.

Regional scope

North America, Europe, Asia Pacific, and the Rest of the World (ROW)

Market Drivers
The increasing demand for personalized medicine will drive the revenue growth of humanized mice model market. Furthermore, the rising investments in research and
development in the life sciences industry, the growing understanding of the necessity of personalized medicine, and the rising demand for targeted therapies are expected to boost the market revenue growth rate. The increased prevalence of chronic and infectious diseases and the need for humanized mice models in the preclinical testing of novel medications and treatments will support the market's revenue growth.

Market Segmentation
Growth Plus Reports has analyzed the global humanized mice model market from four perspectives: Model Type, Application, End-user, and Region.

Model Type Segmentation: The global humanized mice model market is segmented into cell-based and genetically humanized mice models based on the model type. The genetic humanized mouse model segment dominates the market because of the widespread application of genetically humanized mice models in compound analysis, biological efficacy and safety testing, medication metabolism and disposition studies, and immune system development and function research.