PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1427063
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1427063
The global oncology mice models market continues its upward trajectory, poised to achieve a market value of US$ 410 million in 2024, with a projected growth rate of 8.0% over the coming decade. This growth is driven by the increasing demand for mice models in oncology and immune-oncology research, propelled by technological advancements and emerging opportunities in emerging economies.
Syngeneic Tumor Mice Models Lead the Charge
Syngeneic tumor mice models are anticipated to dominate the market, representing more than 50% of the total oncology mice models market. The prominence of syngeneic tumor mice models underscores their critical role in advancing oncology research and drug development.
Seizing Opportunities in Emerging Economies
The forecast period promises lucrative opportunities for suppliers of oncology mice models worldwide, particularly in emerging economies. Key players in the industry are strategically expanding their presence in these regions to capitalize on the growing demand for mice models in oncology studies. The consolidation of the industry by a few key players emphasizes the importance of strategic expansion into new markets.
Immuno-Oncology: Shaping the Future of Cancer Treatment
The landscape of immuno-oncology (IO) is rapidly evolving, presenting new avenues for research and drug development. With thousands of new IO drugs and combinations in the development pipeline, there is a pressing need for efficient preclinical evaluation techniques. Immune-oncology mice models play a pivotal role in facilitating the transition from preclinical to clinical evaluations, offering valuable insights into human biology and accelerating the development of innovative therapies.
Harnessing the Power of Humanized Mice Models
Pharmaceutical companies are increasingly turning to humanized mice models to gain insights from human biology during preclinical trials. Models such as NOG and NOD hold particular promise for such studies, offering a platform to bridge the gap between preclinical research and clinical applications. The development of humanized mice models presents a significant opportunity for Contract Research Organizations (CROs) to expand their market share and contribute to advancements in oncology research.
Challenges and Restraints
Despite the promising growth prospects, the oncology mice models market faces challenges from animal welfare organizations opposing the use of animals in preclinical trials. Advocates have called for the exploration of alternatives to animal testing, urging the reduction of animal usage and the refinement of experimental procedures to minimize pain and discomfort. Addressing these concerns while advancing research is imperative for sustained growth in the market.
Country-Wise Insights
United States: The U.S. emerges as the largest market for oncology and immune-oncology mice models, accounting for over 91% market share in North America. The presence of numerous contract research organizations conducting preclinical studies, coupled with ongoing advancements in mice model development, contributes to the country's dominant position in the market.
United Kingdom: With a 20% market share value in Europe, the U.K. is fast becoming a prominent market for oncology mice models. Research institutions such as the Cancer Research U.K. Beatson Institute and the University of Glasgow are driving market growth through their focus on developing targeted treatments for various cancers.
China: China exhibits significant growth potential, accounting for approximately 29.5% of the market revenue share in the APAC region. Government-funded initiatives and collaborations with international partners are fueling research efforts aimed at developing new cancer treatments, positioning China as a key market for industry participants.
Competitive Analysis
Leading companies in the oncology mice models market are committed to providing a diverse range of models to support preclinical trials in oncology and immuno-oncology. Key players are actively engaged in product launches, acquisitions, and expansions to strengthen their market presence and meet the evolving demands of researchers worldwide.
Key Segments Covered in Oncology Mice Models Industry Research