Rat Model Market by Type, Technology, Application, Service & Care Products - Forecasts to 2020


Dublin, Sept. 01, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/xq2dv4/rat_model_market) has announced the addition of the "Rat Model Market by Type, Technology, Application, Service & Care Products - Forecasts to 2020" report to their offering.

The market is estimated at USD 358.5 Million in 2014 and is expected to reach USD 602.3 Million by 2020, growing at a CAGR of 9.4% from 2015 to 2020.

Rat models are increasingly being used in pharmaceutical and biotechnology industries for research activities due to the capability of rats to elucidate human disease processes. In addition, there is a striking similarity between the anatomy, physiology, and genetics of humans and rats. Advanced technologies such as CRISPR/Cas 9 and Zinc Finger Nucleases have enabled the generation of economically and technically feasible transgenic rat models, owing to which the rat model market is likely to grow at a higher CAGR than markets for other animal models.

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

The global rat model market is categorized into four broad segments, namely, by type, by technology, by application, and by service. The market, by type, comprises inbred, outbred, congenic/hybrid, surgically modified, knockout, and immunodeficient rats. The outbred rats segment held the largest share of the market in 2014. This high share is attributed to the extensive use of outbred rats in toxicology and safety assessment studies.

The market for rat model services is segmented into breeding, cryopreservation, quarantine, rederivation, genetic testing, model in-licensing, and other services (surgical and line rescue). The breeding services market held the largest share of the services market in 2014 and is expected to grow at the highest CAGR during the forecast period.

The rat care products market is categorized into cages, bedding, feed, and others. The cages market accounts for the largest share of the rat care products market and is estimated to be the fastest-growing market from 2015 to 2020.

The introduction of transgenic rat models and high investments and grants leading to innovations in rat models are the key factors that are likely to drive the growth of this market. In addition, growing biomedical and translational research, ongoing preclinical activities in life sciences, growing field of personalized medicine, growing biosimilars market, and close genetic similarity between humans and rats have stimulated the usage of advanced rat models in drug discovery.

The global rat model market is dominated by the U.S., followed by Japan and Germany. Over the next five years, the growth of the market in the Asian region is likely to be centered on China, India, Singapore, Malaysia, Taiwan, and Japan. However, China is expected to witness the highest growth in the market in the forecast period. Growth will be driven by factors such as international alliances for R&D activities, increasing investments in government and private sectors in life sciences sector, and less stringent laws in China.

Major players in the rat model market include Charles River Laboratories (U.S.), Taconic Biosciences, Inc. (U.S.), 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.

For more information visit http://www.researchandmarkets.com/research/xq2dv4/rat_model_market



            

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