Knock Out Mouse Model Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Knock Out Mouse Model market in 2021?

The Knock Out Mouse Model market had a market size of USD 289.5 million in 2021, with a Compound Annual Growth Rate (CAGR) of 4.8%. The market is expected to reach USD 378.6 million by the end of 2021.

COVID-19 Impact on the Knock Out Mouse Model Market

The COVID-19 pandemic had a significant impact on the Knock Out Mouse Model market. As researchers and laboratories focused on COVID-19-related research, there was a temporary slowdown in the development of Knock Out Mouse Models for other genetic studies. However, as the situation stabilized, the market witnessed a resurgence in demand for Knock Out Mouse Models for various research purposes.

Knock Out Mouse Model Dynamics

The Knock Out Mouse Model market is driven by the increasing demand for genetically modified mouse models for research in areas such as oncology, immunology, and neuroscience. The ability to study gene function and develop disease models using Knock Out Mouse Models has propelled the market growth. Additionally, advancements in genetic engineering technologies have made it easier and more cost-effective to generate Knock Out Mouse Models, further boosting market dynamics.

Segments and Related analysis

The Knock Out Mouse Model market can be segmented based on the type of gene knockout, including constitutive Knock Out Mouse Models, conditional Knock Out Mouse Models, and tissue-specific Knock Out Mouse Models. Constitutive Knock Out Mouse Models involve the complete deletion of a gene from all cells, while conditional Knock Out Mouse Models allow for gene deletion in specific tissues or at certain developmental stages.

By Region Analysis

In 2021, North America held the largest share of the Knock Out Mouse Model market, driven by the presence of a well-established pharmaceutical and biotechnology sector. Europe and Asia-Pacific followed closely behind, with increasing investments in research and development activities contributing to market growth in these regions.

Key Market Players and Competitive Landscape

Some of the key players in the Knock Out Mouse Model market include Taconic Biosciences, Charles River Laboratories, genOway, Horizon Discovery Group, and Ozgene. These companies are actively involved in developing and commercializing Knock Out Mouse Models for research purposes. The market is highly competitive, with companies focusing on strategic partnerships and collaborations to enhance their product offerings and expand their market presence.

Recent happenings in the Knock Out Mouse Model Market

In recent developments, Taconic Biosciences announced the launch of a new line of Knock Out Mouse Models targeting specific genes related to neurodegenerative diseases. This initiative aims to support researchers in studying the underlying mechanisms of these diseases and developing potential treatments. Additionally, Charles River Laboratories unveiled a state-of-the-art facility dedicated to the production and distribution of genetically engineered mouse models, further strengthening its position in the market.