Rat Model Market Worth USD 589.9 Million by 2021,Growing at a CAGR of 8.6% from 2016 to 2021

Rat Model Market Worth USD 589.9 Million by 2021,Growing at a CAGR of 8.6% from 2016 to 2021

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The report on “Rat Model Market” helps you to understand the market size, growth, trends, major company’s performance data and market opportunities.

Rat Model Market Overview:

Rats are one of the most essential research tools for basic and applied research in the biomedical sciences and continue to develop rapidly. A growing body of genetic technologies, as well as rat genome sequencing and biological conservation, place rats at the forefront as a model to translate the underlying mechanisms to the progression of a human disease. As a model of human disease, the rat model offers many advantages over other related organisms. The rat is an excellent model for cardiovascular diseases, mainly stroke and hypertension. In addition, in many cases, physiology is more like the equivalent of the human condition.

Rat model market Size and Growth Rate:

According to the research report, the Rat model market Size was expected to grow from USD 388.7 million in 2016 to USD 589.9 million by 2021, at a CAGR of 8.6% from 2016 to 2021

 

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Rat Model Market Drivers and Restraints:

The growing application of rat models, not only in the field of basic research, but also in the applied field of drug development and discovery, is one of the main factors in the growth of the global market. The applications of rat models in drug discovery include the development of novel therapeutic strategies for the treatment of human diseases, the identification and validation of targets, the detection of drugs and the optimization of lead and the detection of toxicity and safety, which stimulates the market demand for rat models. On the other hand, factors such as a strict regulatory framework that requires precise control over the use of animals in the laboratory, a growing concern for animal cruelty and ethical concerns about the use of animals can have a negative impact on market growth.

Rat Model Market Geographical Insights:

Geographically, the global market for rat models has been divided into North America, Europe, Asia-Pacific, Latin America and the rest of the world. North America has the largest market share in rat models. The predominance of the region is mainly due to the strength of the research activities on the development of medicines and biological products and the presence of large pharmaceutical and biotechnology companies in the region. Europe ranks second in the world market for rat models. Germany was the leading country in Europe. The Asia-Pacific region is expected to be the fastest growing market for the rat model during the forecast period.

 

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Some of the Key Players in Rat Model Market:

Biomedical Research Models, Inc., Charles River Laboratories, genOway S.A., Covance, Inc., SAGE Labs, Harlan Laboratories, Inc., Transposagen Biopharmaceuticals, Inc. Transviragen Inc. are the major players of the market.

 

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