Report ID: UCMIG35H2128
SkyQuest Technology's Rat and mouse model market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Rat And Mouse Model Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
The global rat and mouse model market was worth USD 1.9 billion in 2020 and is predicted to increase at a CAGR (compound annual growth rate) of 5.5% between 2021 and 2028. The growing need for genetically engineered models to assist researchers in identifying and validating medicinal targets is driving the expansion of this market. Furthermore, rising R&D expenditures in the biotechnology and pharmaceutical industries are expected to drive market expansion. The market is growing due to an increase in demand for humanised ACE2 (hACE2) mice models to study the pathophysiology of SARS-CoV-2. Several major stakeholders are working hard to develop models that will aid in COVID-19 research.

This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Biotechnology by segment aggregation, the contribution of the Biotechnology in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35H2128
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