Rat And Mouse Model Market Quantitative Analysis Report 2028
Rat And Mouse Model Industry Overview The global rat and mouse model market size was valued at USD 1.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028. The growth of this market is majorly driven by the increasing demand for genetically modified models to help researchers identify and validate therapeutic targets. Additionally, increasing expenditures in R&D activities in the pharmaceutical and biotechnology sector is likely to fuel market growth. A rise in demand for humanized ACE2 (hACE2) mouse models to study the pathogenesis of SARS-CoV-2 propels the market growth. Gather more insights about the market drivers, restrains and growth of the Global Rat And Mouse Model Market Several key players are focused to produce models that can aid in COVID-19 research. For instance, Applied StemCell, Inc.; a U.S.-based biotechnology company has used its TARGAT knockin technology to develop hACE2 models to assess the effica...