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.
Sarasota, FL -- (SBWIRE) -- 12/14/2017 -- The process of research with the help of rat to detect human mechanisms underlying human disease progress is called a rat model. The rat model is used by researcher due to the capability of rats to elucidate human disease processes. In addition, there is a lot of similarity between the genetics, physiology, and anatomy of rats and human. For hypertension and cardiovascular diseases, rat model is considered as an ideal model. Finger nucleases have enabled the generation of economically and technically feasible transgenic rat models.
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The growth of rat model markets is primarily driven by continuous research practices undertaken to develop treatments for neurology disorders and cancer. In addition, the emergence of transgenic rat models coupled with advancement in bioinformatics which allow development of software and tools for analysis of data generated after pre-clinical research using rat models is anticipated to boost the growth of rat model in coming years. However, rising concern about animal cruelty coupled advancement in zebrafish models is expected to have the adverse impact on rat model market. Nonetheless, an initiative of government for investments and grants is likely to disclose new avenues for rat model market in the near future.
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Outbred rat, conditioned rat, knockout rat and others rat are the type segments of rat model market. Outbred rat emerged as the largest segment in term of market share in 2015. This growth is attributed to extensive use of outbred rats in toxicology.
Service segment includes breeding, quarantine, cryopreservation, and others. Breeding services acquired the largest market share in 2015 and expected to grow with highest CAGR during the forecast period. Cryopreservation service is expected to experience significant growth in coming years. Embryonic stem cells, microinjection, and others are the technology segment of rat model market.
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Based on the various applications, the global rat model market is segmented into toxicology, oncology, CNS, immunology and inflammation, diabetes and other diseases segments. Oncology and toxicology segment are expected to experience significant growth in coming years as a consequence of rising incidences of different types of cancers.
Geographically, rat model market is dominated by North America followed by Europe. Government initiatives and funding for research activities are further expected to boost the market growth in these regions over the forecast period. Moreover, rat model market has a huge opportunity in the emerging markets of Asia Pacific due to increasing population.
The key player of 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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