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Press Release

Global Rat Model Market worth USD 684.4 Million by 2021

Zion Market Research
Posted on: 05 Oct 16

Zion Research has published a new report titled “Rat Model Market By Type (Outbred, Conditioned, Knockout and Others) By Technology (Embryonic Stem Cells, Microinjection and Others) By Service (Breeding, Quarantine, Cryopreservation and Others) By Application (Toxicology, Oncology, CNS, Immunology and Inflammation, Diabetes and Other Diseases): Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” According to the report, the global rat model market accounted for USD 391.7 Million in 2015 and is expected to reach USD 684.4 Million by 2021, growing at a CAGR of around 9.7% between 2016 and 2021.

A rat model has been used  frequently in drug development, toxicology and various biomedical fields, including carcinogenicity testing. Ongoing research for the development of treatment on neurology disorder and cancer coupled with the emergence of transgenic rat models is expected to fuel the demand of rat models in coming years. In addition, advancement in bioinformatics that leads the development of tools and software for analysis of data generated after pre-clinical research using rat models is anticipated to boost the growth of this market in coming years. However, rising concern about animal cruelty, ethical concerns as well as the threat from the advancement of zebra fish models is expected to hinder the growth of the market in the forecast period.

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Outbred rat segment garnered a majority of the market share in 2015. The extensive use of outbred rats in toxicology and safety assessment studies is expected to drive the growth of rat model in coming year. A knockout rat is a genetically engineered rat and increasing use of knockout rat for studying human gene function is a major driving factor to contribute to the growth of this segment. Conditioned rat type segment is expected to show moderate growth during the forecast period.

An embryonic stem cell is also one of the fastest growing technology segments due to rise in stem cell-based research. Breeding services market held the largest share of this market in 2015. Moreover, cryopreservation service segment is expected to experience significant growth due to effective and low-cost way to backup live animal store lines that are not actively being used.

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Toxicology emerged as a leading application segment in 2015. CNS segment is expected to be the fastest growing application segment and this growth is mainly driven by the use of rat model to study CNS disorders like Alzheimer's and Parkinson's. 
North America was the dominating regional market for rat model and further it would follow this trend in forecast period due to robust research activities. Europe held the second largest market share and Germany acquired the largest share in this region in 2015. An increasing number of academic and contract research organizations is the major driving factors of rat model in Asia Pacific region.

Browse detail report with in-depth TOC @ https://www.zionmarketresearch.com/report/rat-model-market

Somme of the prominent players in this market includes Covance, Inc., Transviragen Inc., SAGE Labs, Biomedical Research Models, Inc., genOway S.A., Transposagen Biopharmaceuticals, Harlan Laboratories, Inc and Charles River Laboratories amongst others.

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Zion Market Research is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Zion Market Research is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading industry and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.

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Editor's Details

Allan Leonetti
Zion Market Research
www.zionmarketresearch.com
3863103803
allan.l@zionmarketresearch.com

Last updated on: 05/10/2016

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