Product ID: SQMIG35H2198
Global Exosomes Market Size, Share, Growth Analysis, By Application(Diagnostic, therapeutic applications), By Product(Instruments, reagents), By End-User(Cancer institute, hospitals), By Workflow(Isolation, Downstream Analysis), By Biomolecule Type(Non-coding RNA, mRNA) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2198 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
145 |
Figures:
78
Global Exosomes Market Insights
Exosomes Market size was valued at USD 84.49 billion in 2019 and is poised to grow from USD 112.25 billion in 2023 to USD 8793.95 billion by 2031, growing at a CAGR of 32.75% in the forecast period (2024-2031).
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 2019, 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 2019, 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.
Global Exosomes Market Report Snapshots
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