Market Overview –
The global rat models market was estimated at USD 415.3 MN in 2016, and its value is expected to increase by more than 8.30% over the period 2017–2025. The use of a rat model is widespread in the biomedical, pharmaceutical, and toxicological industries. The need for rat models is expected to rise in the future year due to the continued study of neurological disorders and cancer. In order to further scientific inquiry and technological progress, researchers can choose from a number of rat models, including conditioned and genetically engineered rats.
Since 2016, the market share of outbred rats has been significantly higher than that of conventional rats. Outbred rats are widely used in toxicity and safety evaluation research, which is anticipated to fuel the market. The expansion of the market is expected to be supported by the expanding production of innovative medical devices and biotechnology goods.
Technological advances in the rat model sector include microinjections, nuclear transferase, embryonic stem cells, etc. Over the projected timeline, these trends are anticipated to persist. As an example, the growing need for rat models is likely to set the pace for the entire market. The expansion of the market will be fueled by innovations like these in the years to come.
Market Dynamics –
The advantages of rats over mice, steady funding in the form of investments and grants, and rising demand for personalised humanised rat models due to rising consumption of personalised medications are all factors that are propelling the rat model market. However, restrictions on the use of animals in research and the development of technological substitutes for animal models are projected to slow the industry.
Market Scope –
The Rat Model Industry, Forecast to 2028: A Global Sector Trend Analysis is a detailed and specialised study on the healthcare market. The purpose of this study is to give readers a synopsis of the rat model market by providing a broad overview as well as a deep segmentation of the market by model type, service, therapeutic area, technology, and end There will be significant development in the Rat model market over the predicted time frame. Key trends and opportunities, as well as data on the market’s current condition, are presented in the study, which focuses on the rat model industry.
Impacts of the COVID-19 –
Negative effects have been felt by most global industry during the past 18 months. This is because several precautionary lockdowns and other limitations enacted by regulatory bodies around the world caused severe interruptions to their manufacturing and supply-chain activities. In the same way, the international Rat Model industry is not an exception.
And as people’s financial situations have worsened as a result of the pandemic, consumer demand has dropped as they try to cut back on unnecessary spending. It is anticipated that the aforementioned factors will weigh down the revenue growth of the global Rat Model market throughout the foreseen time period. But as governments throughout the world begin to loosen their grip on the rat model trade, demand is projected to rise again.
Market Developments –
MRI&C (The Milner Therapeutics Institute and Consortium) and Charles River Laboratories, Inc. formed a strategic alliance in August of 2016. (UK). Through this collaboration with the Consortium, academic institutions will have access to Charles River’s early discovery and drug development services.
The US-based bioanalytical, drug-metabolism/pharmacokinetic, and pharmacology service provider Agilux Laboratories was acquired by Charles River Laboratories International, Inc. in September 2016. As a result of this purchase, Charles River will be able to offer a more comprehensive non-clinical portfolio, which will benefit their clients’ early stage research by streamlining the process of moving drug candidates from the discovery phase to the safety assessment phase.
As of that month of October 2015, Horizon Discovery Group plc’s headquarters in the United Kingdom has been significantly enlarged. The new building will likely include space for 200 workers engaged in production, services, research, and general and administrative tasks.
Research Methodology –
Our research approach combines secondary and primary sources, with the former beginning with extensive data mining and the latter consisting of in-depth interviews with market participants (suppliers, distributors, and end-users) from which we draw conclusions and project future trends. Primary validation is the final step in the study process, and it requires us to confirm our findings with Key Opinion Leaders (KoLs), Industry Experts, Self-Adhesive Labels contains significant supplies, and Independent Consultants.
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To evaluate the data across all market categories and competitive landscapes in terms of product satisfaction and business strategy followed to maintain a presence in the market, the report utilised two methodologies: the FPNV Positioning Matrix and the Competitive Strategic Window.
Competitive Landscape –
All of the major companies in the Rat model market are profiled in the report, and the report also contains a SWOT analysis and a discussion of their business strategies. Moreover, the research focuses on the top players in the market, providing details such as company profiles, components and services provided, financial information for the past three years, and important developments over the past five years.
Key Companies profiled –
Charles River Laboratories International, Inc.
Horizon Discovery Group plc
Taconic Biosciences, Inc.
Biomedical Research Models (Biomere)
Transpogen Biopharmaceutical, Inc.
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