Exosome Research Products Market Size, Share, Growth Analysis, By Product (Kits & Reagents and Services), By Application(Cancer, CVD), By Workflow(Isolation Methods, Downstream Analysis) - Industry Forecast 2024-2031

Global Exosome Research Products Market size was valued at USD 250.8 Million in 2022 and is poised to grow from USD 325.79 Million in 2023 to USD 2641.25 Million by 2031, growing at a CAGR of 29.9% in the forecast period (2024-2031).

Academic research institutes, pharmaceutical and biotechnology, hospitals, and clinical trials are the end users of this market. Demand for exosome studies has increased in recent years for many academic researchers due to their diagnostic abilities and emerging role as intercellular messengers. They attracted interest, driving the growth of the market. More than 6,000 substances are currently being tested in clinical trials worldwide, representing a 68% increase, according to pharmaceutical research and development spending in 2022.

According to WHO, cancer is a leading cause of death worldwide, with nearly 10 million deaths by 2020. The number of cancer cases in India is about 679,421 among men and about 712,758 among women a year 2020. The number of new cancer cases and deaths in 2021 is approximately 1.9 million, with 608,570 cancer deaths in the United States. Thus, the occurrence of cancer encourages researchers to do more research, and biomarkers help in identifying cancer. Thus, market growth increases.

Thus, in conclusion, the increasing number of chronic diseases such as cardiovascular diseases, rheumatoid arthritis, and other chronic diseases has increased the demand for various pharmaceutical drugs and will drive global demand the exosome research products market has grown in the coming years.