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Patient Derived Xenograft Model Market Is Estimated To Witness High Growth Owing To The Growing Demand For Personalized Cancer Therapies

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Poonam
Patient Derived Xenograft Model Market Is Estimated To Witness High Growth Owing To The Growing Demand For Personalized Cancer Therapies

Patient derived xenograft (PDX) model enables the propagation of tumor tissues directly from patients into immunocompromised mice. These models help in recapitulating histopathological and genomic features of patient tumors. PDX models help to understand cancer biology, test therapeutic responses and help in developing personalized therapies. With increasing demand for personalized medicines and targeted therapies, PDX models are gaining traction as a reliable predictive model for cancer research.

The global Patient Derived Xenograft Model Market is estimated to be valued at US$ 127 million in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The growing demand for personalized cancer therapies is estimated to drive the growth of patient derived xenograft model market over the forecast period. PDX models provide an opportunity to test various therapies directly on human cancer tissues with least immunogenic barrier. This allows researchers to understand drug sensitivity/resistance profile of cancer and helps in developing targeted and personalized therapies. PDX models have emerged as gold standard for oncology drug development and are widely used for preclinical testing of cancer therapeutics. Growing focus on precision medicine is expected to drive the demand for PDX models thereby fueling the growth of the market during the forecast period.

Porter's Analysis

Threat of new entrants: Low due to high capital requirement for R&D and manufacturing facility. Additionally, intellectual property protection also acts as a barrier.

Bargaining power of buyers: Moderate as patient derived xenograft models have limited substitutes and customers have some influence on pricing.

Bargaining power of suppliers: Low given the fragmented nature of suppliers and lack of forward integration. Suppliers have limited influence on pricing.

Threat of new substitutes: Low as patient derived xenograft models have distinct advantage over other preclinical models in mimicking human tumor behavior.

Competitive rivalry: High owing to increasing number of players and technological advancements.

SWOT Analysis

Strength: Patient derived xenograft models closely mimic human tumors aiding in more accurate preclinical testing. Increased reliability and predictive value compared to cell lines.

Weakness: High costs associated with development and maintenance. Scaling can be challenging. Ethical concerns regarding use of human tissues.

Opportunity: Growth in precision oncology and personalized medicines is driving demand. Increased funding for cancer research worldwide will boost the market.

Threats: Strict regulatory guidelines for procurement and use of human tissues. Accuracy and predictability challenges limit universal acceptance.

Key Takeaways

The global Patient Derived Xenograft Model Market Growth is expected to witness high growth over the forecast period of 2024 to 2031. The global Patient Derived Xenograft Model Market is estimated to be valued at US$ 127 million in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031.

North America currently dominates the market owing to presence of major players and higher adoption of advanced technologies. The Asia Pacific region is anticipated to grow at the fastest pace with increasing R&D spending and focus on precision medicine in countries like China and India.

Key players operating in the patient derived xenograft model market are Crown Bioscience Inc., WuXi AppTec, Champions Oncology, The Jackson Laboratory, ONCOMEDIC, Horizon Discovery Group plc., Urolead, Xenopat, Champions Biotechnology, and Aragen Bioscience.

For more insights, read- https://www.newsstatix.com/patient-derived-xenograft-model-market-trends-size-and-share-analysis/

For more details on the report, Read- https://dailynewsmotion.weebly.com/report-blog/plant-based-meat-market-is-estimated-to-witness-high-growth-owing-to-opportunity

 

Patient derived xenograft (PDX) model enables the propagation of tumor tissues directly from patients into immunocompromised mice. These models help in recapitulating histopathological and genomic features of patient tumors. PDX models help to understand cancer biology, test therapeutic responses and help in developing personalized therapies. With increasing demand for personalized medicines and targeted therapies, PDX models are gaining traction as a reliable predictive model for cancer research.

The global Patient Derived Xenograft Model Market is estimated to be valued at US$ 127 million in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The growing demand for personalized cancer therapies is estimated to drive the growth of patient derived xenograft model market over the forecast period. PDX models provide an opportunity to test various therapies directly on human cancer tissues with least immunogenic barrier. This allows researchers to understand drug sensitivity/resistance profile of cancer and helps in developing targeted and personalized therapies. PDX models have emerged as gold standard for oncology drug development and are widely used for preclinical testing of cancer therapeutics. Growing focus on precision medicine is expected to drive the demand for PDX models thereby fueling the growth of the market during the forecast period.

Porter's Analysis

Threat of new entrants: Low due to high capital requirement for R&D and manufacturing facility. Additionally, intellectual property protection also acts as a barrier.

Bargaining power of buyers: Moderate as patient derived xenograft models have limited substitutes and customers have some influence on pricing.

Bargaining power of suppliers: Low given the fragmented nature of suppliers and lack of forward integration. Suppliers have limited influence on pricing.

Threat of new substitutes: Low as patient derived xenograft models have distinct advantage over other preclinical models in mimicking human tumor behavior.

Competitive rivalry: High owing to increasing number of players and technological advancements.

SWOT Analysis

Strength: Patient derived xenograft models closely mimic human tumors aiding in more accurate preclinical testing. Increased reliability and predictive value compared to cell lines.

Weakness: High costs associated with development and maintenance. Scaling can be challenging. Ethical concerns regarding use of human tissues.

Opportunity: Growth in precision oncology and personalized medicines is driving demand. Increased funding for cancer research worldwide will boost the market.

Threats: Strict regulatory guidelines for procurement and use of human tissues. Accuracy and predictability challenges limit universal acceptance.

Key Takeaways

The global Patient Derived Xenograft Model Market Growth is expected to witness high growth over the forecast period of 2024 to 2031. The global Patient Derived Xenograft Model Market is estimated to be valued at US$ 127 million in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031.

North America currently dominates the market owing to presence of major players and higher adoption of advanced technologies. The Asia Pacific region is anticipated to grow at the fastest pace with increasing R&D spending and focus on precision medicine in countries like China and India.

Key players operating in the patient derived xenograft model market are Crown Bioscience Inc., WuXi AppTec, Champions Oncology, The Jackson Laboratory, ONCOMEDIC, Horizon Discovery Group plc., Urolead, Xenopat, Champions Biotechnology, and Aragen Bioscience.

For more insights, read- https://www.newsstatix.com/patient-derived-xenograft-model-market-trends-size-and-share-analysis/

For more details on the report, Read- https://dailynewsmotion.weebly.com/report-blog/plant-based-meat-market-is-estimated-to-witness-high-growth-owing-to-opportunity

 


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