According to FutureWise analysis the market for oncology mice models in 2023 is US$ 0.41 billion, and is expected to reach US$ 0.67 billion by 2031 at a CAGR of 6.20%.
The study of cancer is known as oncology. An oncologist is a doctor who specialises in cancer treatment and medical care for people who have been diagnosed with the disease. An oncologist is sometimes known as a cancer specialist. The three major therapeutic specialties in oncology are medical oncology, radiation oncology, and surgical oncology.Enhanced preventative efforts to lower risk factors, improved screening of certain cancers (allowing for earlier detection), and advancements in therapy have all contributed to an increase in cancer survival. A mouse model is a laboratory model that is used to study human physiology, biomedical science, and illness. It's utilised to research complicated conditions like hypertension and atherosclerosis. Mice are important in study because they share 95% of their genetic makeup with humans.
Chronic diseases are becoming more common, and there is a growing demand for mice models in cancer research to better understand genetics. In addition, significant industry participants such as Charles River, Envigo, genOway, Transviragen Inc., and others are pursuing initiatives such as alliances and collaborations. The pharmaceutical industry's continued research and development activities, as well as the expanding applications of mice models for various research, are important factors driving the growth of the mice model market. Regulations and legislation governing the ethical use of animals in research, on the other hand, stifle market expansion.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Oncology Mice Models Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Oncology Mice Models Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.