Global Rat Model Market Size 2024, Forecast To 2033

The rat model market has experienced robust growth in recent years, ascending from $1.56 billion in 2023 to $1.69 billion in 2024, registering a compound annual growth rate (CAGR) of 8.3%. The surge in the historical period can be attributed to the escalating demand for preclinical research, increased government funding, heightened research demands, initiatives in drug development, and the growing prevalence of chronic diseases. Looking ahead to the future, the rat model market is poised for strong growth, anticipating a market size of $2.34 billion in 2028, with a CAGR of 8.5%. Factors contributing to this growth in the forecast period include the expanding applications in personalized medicine, a growing demand for animal models in drug discovery, an increased focus on disease prevention, the expansion of the biopharmaceutical industry, innovations in imaging techniques, and sustained government and private funding. Prominent trends include global collaborations in research, technological advancements in imaging, the integration of omics technologies, advancements in genome editing techniques, the growing importance of rat models in disease research, and the rise of personalized medicine with customized rat models.