The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s rat model market report forecasts the rat model market size to grow to $2.13 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

Learn More On The Rat Model Market Report 2023 – https://www.thebusinessresearchcompany.com/report/rat-model-global-market-report

Rat Model Market Size Forecast
The global rat model market is expected to grow from $1.44 billion in 2022 to $1.56 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rat model market size is expected to reach $2.13 billion in 2027 at a CAGR of 8.1%.

North America held the largest rat model market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Rat Model Market Driver ­– Rise In Demand For Medicines
According to the European Federation of Pharmaceutical Industries and Associations, a pharmaceutical industry organisation located in Belgium, North America will account for 49.1% of worldwide pharmaceutical revenues in 2021, compared to Europe’s 23.4%. As a result, the rat model market is being driven by the increase in demand for medications.

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Key Rat Model Market Trend – Strategic Partnerships
Many companies using the rat model are forming alliances to boost their market position. In 2022, for example, Hera BioLabs, a US-based company that offers novel gene-editing and rat model creation technologies, collaborated with Charles River Laboratories, International Inc, a US-based pharmaceutical company specialising in a variety of preclinical and clinical laboratories. Hera will focus on providing services based on the model, while Charles River will focus on breeding, dispersing, selling, and promoting the SRG rat directly to the preclinical research community.

Rat Model Market Segment
1) By Type: Knockout, Outbred, Inbred, Hybrid, Immunodeficient, Conditioned
2) By Service: Cryopreservation, Breeding, Re-derivation, Genetic Testing, Quarantine Depending, Other Services
3) By Technology: Nuclear Transferase, Microinjection, Embryonic Stem Cell, Other Technologies
4) By Application: Oncology, Neurology, Immunology, Toxicology, Other Applications

Rat Model Market Major Players and Strategies
Major players in the rat model market are Genoway S.A., Biomere, Transposagen Biopharmaceuticals Inc., Horizon Discovery Group PLC, Transviragen Inc., Charles River Laboratories International Inc., Taconic Biosciences Inc., Envigo Ltd., Laboratory Corporation of America Holdings, Janvier Labs, Harlan Laboratories Inc., Sage Path Labs, Applied StemCell Inc., Regenera Pharma Ltd., and Taconic Biosciences Inc.

Inotiv, Inc., a contract research organisation (CRO) specialising in nonclinical and analytical services and solutions based in the United States, bought Envigo RMS Holding Corp. for $271.0 million in 2021. This partnership advances both companies’ strategic goals by making it easier to progress innovative medicines and medical devices through the discovery and preclinical stages of development. Envigo RMS Holding Corp. is a corporation established in the United States that supplies research rat models and services.

The Rat Model Global Market Report 2023 covers regional data on rat model market size, rat model market trends and drivers, opportunities, strategies, and rat model market competitor analysis. The countries covered in the rat model market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The rat model is a technique that employs functional rat genes, cells, tissues, and organs. These mice models are used to imitate both diseased and healthy human immune system situations. Humanised rat models are essential for preclinical research because they may be used to replicate human illness states, assess the efficacy of drugs, and investigate how they alter human proteins.

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