Global Mice Model Market Gains Impetus from Rising Use of Mice Models for Conducting Genetic Research
In its latest report, Transparency Market Research has pegged the overall value of the global mice model at US$1 bn in 2014. The market is projected to reach US$1.7 bn by the end of 2023. If the figures hold true, the global mice model market will exhibit a 6.4% CAGR between 2015 and 2023. Although worms, yeasts, and flies are considered excellent models for scrutinizing the cell cycle and development process, mice have proven to be a far better tool for studying the nervous, skeletal, cardiovascular, endocrine, immune, and other complex physiological systems that mammals share.
Genetic Similarities of Mice with Other Mammals Boost Market for Mice Model
Like humans and several other mammals, mice often develop diseases that negatively affecttheir immune systems such as cancer, diabetes, oestoporasis, hypertension, glaucoma, and others. Furthermore, certain diseases that affect humans but do not naturally occur in mice, such as Alzheimer’s and cystic fibrosis, can be induced in mice by manipulating their genome to study the effect of novel therapeutics in the treatment of such ailments. The demand for mice model, therefore, increases with the rising funding in research and development to find possible cures for chronic ailments.
Mice present low cost of maintenance and have the ability to multiply rapidly, reproducing as often as nine weeks. This further adds to their appeal as models for biomedical research.
Development of New Therapeutics with Mice Models Propels Mice Model Market
Development of mice models for studying the effects of potential therapeutics in the treatment of certain specific diseases and debilitating health conditions has accelerated tremendously in the last couple of years. The development has been so rapid that mice models have become indispensable in the evaluation of both pipeline and established treatment modalities, particularly in cases of cardiovascular diseases, cancer, neurological disorders, and metabolic anomalies.
Application of mice models in drug discovery enables the development of novel therapeutics strategies, target identification and validation, disease treatment, drug screening, and toxicity and safety screening.
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Ethical Issues and Stringent Regulations Hinder Global Mice Model Market
The latest advances in genetic engineering that assist in evaluating a drug’s mechanism of action will boost the market for drug discovery. This in turn is likely to fuel demand from the mice model market. However, on the flip side, stringent regulatory frameworks precisely controlling the use of animals for research in laboratories, rising concerns pertaining to animal cruelty, and other ethical concerns related to the use of animals will have an adverse impact on the overall mice model market.