Diagnostic applications
Report ID: SQSG35H2010 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 145 | Figures: 78
Exosomes Market size was valued at USD 84.49 billion in 2021 and is poised to grow from USD 112.25 billion in 2022 to USD 8793.95 billion by 2030, growing at a CAGR of 32.75% in the forecast period (2023-2030).
Extracellular vesicles (EVs), another name for exosomes, are encapsulated within a single outer membrane. They are released by all cell types and can be found in bile, lymph, serum, stomach acid, synovial fluid, tears, plasma, semen, breast milk, CSF, amniotic fluid, and bronchial fluid. These vesicles serve as pathways for cell communication as they transport proteins and genetic material throughout the body. Technology breakthroughs in exosome separation and analytical techniques, sophisticated exosome applications, expansion of government and non-government initiatives for exosome research, and the rising incidence of cancer are the main reasons propelling the sector.
Despite the negative effects in 2020, the pandemic has created a number of new opportunities for the creation of COVID-19 vaccines and therapies using exosomes, which is anticipated to spur industrial growth in the years to come. For instance, in August 2022, scientists at North Carolina State University created an exosome-based inhalable COVID-19 vaccine. Exosomes can also be used to track the development of a variety of illnesses, including cancer, infectious diseases, neurological illnesses, and cardiovascular diseases (CVDs).
Exosomes' benefits in drug delivery, including their permeability of biological barriers, minimal immunogenicity and toxicity, and stability in circulation, are also expanding the therapeutic uses in this field. Therefore, it is anticipated that the industry would be driven over the projection period by the prospective uses of extracellular vesicles in diagnostics, treatments, and vaccine development. A great demand for efficient new therapeutic alternatives for the detection and treatment of the disease is being created by the rising incidence of cancer. For instance, the World Health Organization (WHO) estimates that approximately 10 million people will die from cancer in 2020, making it one of the leading causes of death globally.
Additionally, the American Cancer Society estimates that by the end of 2022, there would have been 609,360 cancer deaths and 1,918,030 new cancer cases in the United States. Additionally, it is projected that during the projection years, technological developments in exosome isolation and analytical methods would accelerate market growth.
US Exosomes Market is poised to grow at a sustainable CAGR for the next forecast year.
Largest Segment
Diagnostic applications
Fastest Growth
Diagnostic applications
Growth Rate
ong>US Exosomes Market is poised to grow at a sustainable CAGR for the next forecast year. CAGR
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The Global Exosomes Market is segmented based on the Application, Product, End-User, and region. Based on the Application, the Market is segmented into diagnostic and therapeutic applications. Based on the Product, the Market is segmented into instruments, reagents, and software. Based on the End-User, the Market is segmented as cancer institute, hospitals, diagnostic centers, and others (medical universities and not-for-profit organizations). Based on Region Exosomes Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Exosomes Market Analysis by Product
Due to the rising demand for molecular diagnostics and the spike in R&D efforts for diagnostic purposes, the reagents segment led the market in 2020, and this trend is anticipated to continue over the forecast period. However, because of improvements in R&D efforts in the healthcare industry and an expansion in the number of important manufacturers, the instrument segment is anticipated to have significant growth over the projection period.
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The North American region holds the largest share of the market. The enhanced healthcare infrastructure, efficient government policies, presence of key players, and greater knowledge of diagnostics and healthcare among the populace are all factors that have contributed to the market expansion in this area. Due to a large number of government-funded research studies on the effects of exosome-based drugs on a variety of cancers, including melanoma, breast cancer, lung cancer, and pancreatic cancer, among others, and key players' collaboration with state universities in the area to conduct clinical trials in the United States, the species is likely to remain the most dominant country during the forecast period.
According to projections, Europe will have the second-largest market share. The primary drivers of the market's expansion are the rising incidence of cancer and the considerable per capita healthcare spending by governments. Due to rising cancer occurrences and prevalence in the region, the market in the Asia-Pacific region would experience considerable growth. Because of rising disposable income, increased public awareness of the need for early detection, rising tobacco, and cigarette consumption, and a notable increase in the number of healthcare and diagnostic facilities, the market in Latin America, the Middle East, and Africa will experience moderate growth during the forecast period.
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Exosomes Market Driver
Increasing investments in pharmaceutical R&D and life science research
Exosomes Market Restraint
Lack of standard protocols for the development & production of exosomes
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The Global Exosomes market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.
Exosomes Market Top Player's Company Profiles
Exosomes Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Exosomes Market Analysis, the potential of exosome technologies has led to an increase in the demand for drug therapies and a surge in R&D activities in the pharmaceutical and biopharmaceutical fields. Exosomes may one day be used to diagnose cancer, and the advancement of translational precision medicine will boost their usage in diagnostic and therapeutic procedures, spurring the development of the exosome diagnostic and therapeutic markets.
Report Metric | Details |
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Growth Rate | ong>US Exosomes Market is poised to grow at a sustainable CAGR for the next forecast year. |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Exosomes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Exosomes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Exosomes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Product ID: SQSG35H2010