Global Rat Model Market to be Driven by Increasing Use in Drug Discovery

A new market research report, titled “Rat Model Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 – 2023,” by Transparency Market Research offers a thorough analysis of the market. The study talks about the major geographical segments, growth drivers, barriers, product segmentation, and competitive scenario of the global market for rat models. The report has also included the historical information and estimated statistics to help the decision-makers and key players acquire a clear picture of the market.

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The global market for rat models has been categorized on the basis of type into outbred rats, hybrid rats, immnuodeficient rats, inbred rats, and surgically and genetically modified rat models. Currently, the outbred rats segment accounts for the largest share in the overall rat model market, due to its wide application in toxicology. On the basis of service, the global rat model market has been divided into cryopreservation, rederivation, breeding, quarantine, genetic testing, in vivo and in vitro, and pharmacology services. Among these, the cryopreservation segment is anticipated to grow at a fast pace in the coming years, owing to the low investment required in order to maintain rat strains for a long time.

Furthermore, on the basis of application, the global rat model market has been classified into oncology, diabetes, central nervous system, immunology, metabolism and regulation, and cardiovascular. The market share held by each segment and estimated statistics for the same by the end of the forecast period have been included in the scope of the research report. The increasing use of rat models in drug discovery and therapeutic strategies is the key factor driving the global market for rat models.

Among the major geographical segments, North America accounts for the largest share in the global rat model market, owing to the increasing research activities for developing and introducing new drugs and biologics and the presence of a large number of biotechnology and pharmaceutical companies in this region. The Europe market for rat models holds the second largest share in the overall market, with Germany being the biggest contributor in the region. On the other hand, Asia Pacific is estimated to witness rapid growth throughout the forecast period, thanks to the rising number of contract and academic research organizations in countries such as China, India, Japan, and Australia.

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The research report further studies the major players operating in the global market for rat models and offers a detailed vendor analysis. Detailed profiles of the major players have been included in the study, along with their contact information, financial overview, business policies, and SWOT analysis. Some of the prominent players mentioned in the research report are GenOway S.A., SAGE Labs, Covance, Inc., Biomedical Research Models, Inc., Charles River Laboratories, Harlan Laboratories, Inc., Transposagen Biopharmaceuticals, Inc., and Transviragen Inc.

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This release was published on openPR.