The Humanized Mouse and Rat Model Market is witnessing significant growth due to the increasing demand for more accurate and predictive animal models in biomedical research. These models are crucial for studying human diseases, drug development, and personalized medicine, making them indispensable tools in the biotechnology and pharmaceutical industries.
The humanized mouse and rat model market is projected to reach USD 349 million by 2028 from USD 259 million in 2023, at a CAGR of 6.2% during the forecast period of 2023 to 2028. This rapid growth is driven by several factors:
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Market Share
The Humanized Mouse and Rat Model market share is dominated by a few key players including Charles River Laboratories, The Jackson Laboratory, Taconic Biosciences, and GenOway. These companies hold a significant portion of the market due to their extensive experience, advanced technologies, and comprehensive service offerings.
Market share dynamics are shaped by several key factors:
Current Trends and Developments
Conclusion
The Humanized Mouse and Rat Model Market is set for substantial growth, driven by the increasing need for accurate and reliable preclinical models in biomedical research. With advancements in genetic engineering and a rising focus on personalized medicine, the market offers significant opportunities for industry stakeholders to innovate and expand their reach.
Related Reports:
Humanized Mouse and Rat Model Market by Type (Genetic Models, Cell-based Models (CD34, BLT, PMC), Rat Models), Application (Oncology, Immunology, Neuroscience, Toxicology, Infectious Diseases), End User (Pharma, Biotech) - Global Forecast to 2028
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