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Jul 31, 2017 2:19 PM ET

Rat Model Market worth $684.4 Million USD by 2021

iCrowdNewswire - Jul 31, 2017

Zion Market 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.

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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 zebrafish models are expected to hinder the growth of the market in the forecast period.

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 the 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.

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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 story lines that are not actively being used.

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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