Global Rat Model Market – Industry Analysis, Trends, Market Size and Forecasts

Kenneth Research has recently added a report titled Global Rat Model Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Rat Model Market products.

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Moreover, the total spending in the healthcare industry in the country is anticipated to reach around USD 6 trillion by the end of 2027. On the back of such factors, the market is predicted to observe a significant growth in the next few years.

Global Rat Model Market industry valued approximately USD 415.3 million in 2016 is anticipated to grow with a healthy growth rate of more than 8.30% over the forecast period 2017-2025. A Rat Model has been used frequently in drug development, toxicology, and various biomedical fields. Ongoing research on neurology disorder and cancer fuel up the demand of rat models in coming year. A variety of rat models are available for purpose of research and advancement i.e. genetically modified or conditioned rats. Outbred rat segment has a majority of the market since 2016. The extensive use of outbred rats in toxicology ad safety assessment studies is expected to drive the market growth. Growing development of new medical devices and biotechnological products is anticipated to support growth of the market.

Rat Model industry has largely experienced technological advancements such microinjections, Nuclear transferase, Embryonic stem cell etc. These developments are expected to continue over the forecast period. For instance, rising demand for rat model is likely to lead the whole industry. Such advancements will drive the market growth in the coming years.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

 Outbred
 Hybrid
 Knockout
 Inbred
 Conditioned
 Immunodeficient

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 Nuclear Transferase
 Microinjections

 Breeding
 Genetic Testing
 Cryopreservation

 Oncology
 Immunology
 Neurology

End Uses:
 Academic and Research Institute
 Healthcare Companies
 CROs

 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market are Charles River laboratories, genOway S.A., Covance, Inc., Harlan Laboratories, Inc., Janvier Labs, SAGE Labs, Transposagen Bioph. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Rat Model Market Study:

 Key Consulting Companies & Advisors
 Large, medium-sized, and small enterprises
 Venture capitalists
 Value-Added Resellers (VARs)
 Third-party knowledge providers
 Investment bankers
 Investors

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