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What is the Anticipated CAGR of the Rat Model Market Over the 2024-2033 Forecast Period?

In recent years, the rat model market has experienced significant growth. The market is expected to expand from $1.56 billion in 2023 to $1.69 billion in 2024, with a compound annual growth rate (CAGR) of 8.3%. The prior growth can be attributed to an increased demand for preclinical research, boosted government funding, a surge in research demand, initiatives for drug development, and escalated chronic disease.

The market size for rat models is projected to experience significant growth in the coming years, with an anticipated valuation of $2.34 billion in 2028 and an 8.5% compound annual growth rate (CAGR). The heightened demand for animal models in drug discovery, increased emphasis on disease prevention, growth of the biopharmaceutical industry, advancements in imaging innovations, and both government and private funding all contribute to this potential growth during the forecast period. Future trends anticipated during this period include expanded global research collaborations, technological progress in imaging, the inclusion of omics technologies, enhancements in genome editing methods, and the growing relevance of rat models in disease research, along with the emergence of personalized medicine and tailored rat models.

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What Are the Driving Forces Behind the Growth of the rat model Market?

The escalating prevalence of chronic illnesses is anticipated to fuel the growth of the rat model market. Chronic illnesses are typically lasting a year or more, impair daily activities, require ongoing medical attention or both. Rat models have proved crucial in understanding the genesis, immune reactions, and treatment of chronic infections, offering essential perceptions that can guide the formulation of novel therapies and interventions. For example, a study by the National Institutes of Health (NIH), a US-established biomedical research institute, projected that the count of individuals aged 50 and above with a minimum of one chronic disease will increase by 99.5% in the US, escalating from 71.522 million in 2020 to 142.66 million in 2050. Additionally, the population with multimorbidity is expected to grow by 91.16%, from 7.8304 million in 2020 to 14.968 million in 2050. Consequently, the rising prevalence of chronic diseases is a key factor fueling the growth of the rat model market.

What Are the Core Segments of the Rat Model Market?

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

What Are the Key Innovations Reshaping the Rat Model Market?

Key players in the rat model market are forming strategic alliances for preclinical studies in oncology and other therapeutic fields. These alliances permit them to concentrate on their primary business by capitalizing on the services of specialized providers in the rat model market, benefiting their cost-efficiency and established infrastructure and resources for rat model creation. For example, in March 2022, Hera BioLabs of the United States entered into a partnership with Charles River Laboratories, International Inc., an American pharmaceutical firm, to commercialize Hera’s SRG rat, also called the OncoRat. In this agreement, Charles River will breed, distribute, sell and promote the SRG rat to the preclinical research community. This rat, a highly immune-deficient rat, is suited for xenograft or PDX studies, offering unique benefits over mouse models in terms of testing the effectiveness of potential oncology treatments in a live host. This model resolves the size limitations associated with smaller mouse models, allowing for larger tumor development, simpler surgeries, and an increased amount of tissue and serum for repeated sampling.

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What Regions Are Influencing the Dynamics of the Rat Model Market?

North America was the largest region in the rat model market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global rat model market report during the forecast period. The regions covered in the rat model market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Rat Model Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the rat model market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Rat Model Market Include

1. Rat Model Market Executive Summary

2. Rat Model Market Segments

3. Rat Model Market Size And Template Market Growth Rate

4. Key Rat Model Market Trends

5. Major Rat Model Market Drivers

……

25. Key Mergers And Acquisitions In The Rat Model Market

26. Top Rat Model Companies

27. Rat Model Market Opportunities And Strategies

28. Rat Model Market, Conclusions And Recommendations

29. Appendix

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