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Asia-Pacific Rat Model Market Forecast 2017-2025

Asia-Pacific Rat Model Market Forecast 2017-2025

  • June 2017
  • ID: 4944896
  • Format: PDF
  • Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The Asia-Pacific market is anticipated to grow at a CAGR of 9.11 % for the forecast period of 2017-2025 and is expected to generate a revenue of $203689 thousand by the year 2025. The rising demand for research activities in the Asia-Pacific countries has increased the opportunities for the market by many folds.


MARKET INSIGHTS
The Asia-Pacific market is rapidly flourishing because of major drivers like supportive R&D incentive schemes for Contract Research Organizations and biotechnological complies along with the booming pharmaceutical sectors in regional countries such as Australia, India, and China. At present, India has the third largest pharmaceutical industry in the world whereas, China is presently the second largest investor in research & development globally and it is expected to overtake US research & development investments by the year 2023.At present, the toxicology application is dominating the current market scene. However, the oncology market is fast growing owing to the increasing number of cancer cases worldwide and is estimated to grow at a CAGR of 11.17 % by 2025.On the basis of the market segmentation done by type, the genetically engineered outbred type is seemingly a fast emerging market growing at a CAGR of 11.36% whereas the other types such as Surgically Modified Rats, Inbred, Hybrid and Immune-Deficient Rat and are expected to grow at a CAGR of 9.66%, 8.63%, 10.11% and 9.84% respectively during the forecast period. On the basis of the market segmentation done by component, the services sector is predicted to lead the market and is predicted to grow faster with a CAGR of 10.45% by the end of the forecast period.


COMPETITIVE INSIGHTS
The leading companies players in the Asia-Pacific Rat Model market are Covance Inc. (LabCorp holding company), Biomedical research model Inc., Genoway s. A., Charles River Laboratories Inc, Harlan Laboratories, Inc. (envigo, Inc. Holding company), Janvier labs, sage labs Inc. (horizon discovery group plc holding company), Transposagen Biopharmaceuticals Inc bio-pharmaceuticals Inc. Transviragen Inc., Hera Biolabs Inc., Taconic Biosciences Ltd Oncodesign s.a., Cyagen biosciences Inc., Vivo Biotech and Clea Japan.

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