Rat Model Market worth 602.3 Million USD by 2020


Posted July 22, 2016 by SPriyanka

This report studies the global rat model market over the forecast period of 2015 to 2020.

 
The report "Rat Model Market by Type (Outbred, Knockout, Conditioned], Technology (Microinjection, Embryonic Stem Cells), Application (Toxicology, Oncology, CNS), Service (Breeding, Cryopreservation, Quarantine) & Care Products (Cages, Bedding, Feed) - Forecasts to 2020", analyzes and studies the major market drivers, threats, and barriers in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

http://www.marketsandmarkets.com/Market-Reports/rat-model-market-76036494.html

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Major players in the rat model market include Charles River Laboratories (U.S.), Taconic Biosciences, Inc. (U.S.), Janvier Labs (France), genOway S.A. (France), Covance, Inc. (U.S.), Harlan Laboratories, Inc. (U.S.), SAGE Labs (U.S.), Transposagen Biopharmaceuticals, Inc. (U.S.), Biomedical Research Models, Inc. (U.S.), and Transviragen Inc.

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However, China is expected to witness highest growth in the rat model market, followed by Germany, during the forecast period. A number of factors such as international alliances for R&D activities, increasing investments in government and private sectors in the life sciences sector, and less stringent laws (as compared to developed markets) are driving the growth of the Chinese rat model market.
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The major factors propelling the growth of the rat model market include the introduction of transgenic rat models, growing biomedical and translational research, ongoing preclinical activities in life sciences, growing field of personalized medicine, growing biosimilars market, and increasing government investments and funds that have stimulated the usage of advanced rat models in the biotechnology and pharmaceutical industries. Furthermore, research into cancer and neurology has increased the application areas of rat models.
The U.S. accounts for the largest share of the rat model market. This large share can be attributed to the growing epidemiology of diseases and simultaneous investments in the development of rat models, revised funding plans by the NIH to enhance the reproducibility of results in preclinical tests, increasing preclinical services for biosimilars, growing biomedical research, and increasing preclinical activities by CROs and pharmaceutical industries.
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Tags rat model market
Last Updated July 22, 2016