Exosomes Market

The exosomes Market is segmented By Product (Kits and Reagents, Instruments, Others), By Application (Cancer Applications (Lung Cancer, Breast Cancer, Prostate Cancer, Colorectal Cancer, Other), Non-Cancer Applications), By End-User (Diagnostics, Therapeutics, Hospitals & Clinical Testing Laboratories, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The Exosomes Market size was valued at USD 118.8 million in 2021 and is estimated to reach at a compound annual growth rate (CAGR) of 23.6% over the forecast period 2022 to 2029.

What are Exosomes?

Exosomes are extracellular vesicles containing constituents (protein, DNA, and RNA) of the cells that secrete them. They are taken up by distant cells, where they can affect cell function and behavior. Exosomes are vital in cancer diagnosis because they aid cell-to-cell communication. It aids in regulating complicated intracellular and extracellular vesicles and hepatocellular carcinoma pathways, which are increasingly relevant in treating neurological diseases and cancer.

Exosomes Market Scope

Metrics	Details
Market CAGR	23.6%
Segments Covered	By Product, By Application, By End User, and By Region
Report Insights Covered	Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
Fastest Growing Region	Asia Pacific
Largest Market Share	North America

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Market Drivers:

Increasing investments in pharmaceutical and life science research will be the major driver for the global exosomes market:

Many pharmaceutical and medical device companies invest heavily in developing novel drugs and devices. The pharmaceutical industry is R&D-intensive. Pharmaceutical companies invest in R&D to deliver high-quality and innovative products to the market. The companies take advantage of the natural propensity of exosomes for the transmission of macromolecule payloads between cells. The application of these molecules in the development of new therapeutics and diagnostics is projected to result in the exponential growth of the global market in the forecast period.

Technical difficulties with the implementation and usage of exosomes are expected to restrain the global exosomes market:

Over the forecast period, the technical difficulties with the implementation and usage of exosomes are expected to prevent the growth of the global exosome market. Some of the major difficulties include purification optimization, increasing exosome homogeneity, and efficient transfection strategies. It is further accompanied by a lack of technical information (like the type of rotor, diameter, volume, and viscosity of the sample), which restricts the maximum utilization of exosomes. The cumbersome nature of the isolation and purification methods and the inability to distinguish between different cancer stages limits the utility of exosomes. 

Rising demand for specialized testing services is expected to generate new opportunities for the global exosomes market:

In recent years hospitals and other healthcare providers are partnering with pharmaceutical companies earlier in the drug discovery process to develop specialized tests and increase drug efficiency. Companies are increasingly outsourcing specialized testing services earlier in the API development cycle.

The lack of protocols for the development and production of exosomes is expected to present challenges for the global market:

The field of exosomes is still at a nascent stage, and no gold standards have been developed so far. Thus, professionals employ new procedures and methodologies in the market without hesitation. The lack of protocols and standards is hampering independent oversight of exosome research and development, thereby presenting challenges to the growth of the global market.

COVID-19 Impact Analysis

The COVID-19 pandemic has affected the healthcare systems and has impacted the global exosome market. The pandemic caused significant interruptions to clinical trial execution globally, affecting essential stakeholders across the industry. Moreover, the stakeholders experienced financial losses, driven by staff exodus and concerns about workers' safety. So far, various techniques have been investigated, one of which is the new exosome-based therapy. However, the pandemic also prompted research into the role of exosomes in mitigating the effects of COVID-19 infection. Despite these pandemic-induced challenges, the global exosome market is expected to generate significant growth in the coming years.    

Recent Developments in the Industry:

1. In July 2022, a study published by a team of researchers from North Carolina State University investigated the role of exosomes in the development of an inhalable COVID-19 vaccine.
2. In July 2022, a group of researchers from the University of Otago, New Zealand, published a research paper detailing the role of exosomal mRNA in diabetic heart disease.
3. In July 2022, a team of researchers from the Shenzhen Institute of Advanced Technology (SIAT), China, created a novel magnetic extraction system for the extraction of exosomes.   

Market Segmentation:

The scope of the report covers segmentation based on product, application, indication, end-user, and region. The global exosomes market is segmented by product into kits and reagents, instruments, and others. The global exosome market is segmented by application into diagnostics and therapeutics. The global exosomes market is segmented by indication into cancer and non-cancer. By end-user, the global exosomes market is segmented into hospitals and clinical testing laboratories, pharmaceutical and biotechnology companies, and others. The global exosomes market is segmented by region into North America, South America, Europe, Asia-Pacific, the Middle East, and Africa.

1. Diagnostics: Early screening and accurate diagnosis are vital for cancer patients to reduce mortality and increase the recovery rate. Exosomes play crucial roles in various physiological and pathological processes, including cancer, pregnancy disorders, cardiovascular diseases, and immune responses. Introducing liquid biopsy to clinical practice to reduce invasive operations and promote more precise medical intervention is crucial.
2. Therapeutics: Exosomes have the potential to be used as a therapeutic platform for a variety of diseases. Exosomes have clinical applications as cell-free alternatives for treating various diseases and tissue regeneration by delivering therapeutic cargo components while avoiding immune rejection and cellular toxicity.

Regional Classification:

According to the DataM Intelligence market research report, the global exosome market is divided into North America, South America, Europe, Asia-Pacific, the Middle East, and Africa.

Better healthcare infrastructure, effective government policies, a large base of multinational companies, and high public awareness about diagnostics and healthcare are expected to boost the North American exosome market. Several universities, pharmaceutical companies, and startups are developing novel platforms and advanced technologies. Increasing governmental funding and investment in cancer research is expected to be a primary driver for the growth of the European exosome market. Asia-Pacific has the highest cancer prevalence rates globally. Much regional public and private companies and research centers are engaged in developing new diagnostic and therapeutic technologies based on exosomes. It will propel the growth of the Asia-Pacific exosome market.

Competitive Analysis:

The global exosome market is highly competitive and fragmented, with major established players and startups active. The major market players adopt several growth strategies such as developing new technologies, collaborations, and joint ventures to contribute to the growth of the global exosomes market.

Major Companies:

Some key companies contributing to the global exosomes market growth include Hologic Inc., FUJIFILM Corporation, Thermo Fisher Scientific, Abcam plc, Norgen Biotek Corp, AMSBIO, Bio-Techne, Lonza, Qiagen, and Novus Biologicals LLC, among others.

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FAQ

What is the Growth Rate of the Exosomes Market?

The forecasted growth rate of 23. 6% for the time scale from 2022 to 2029.

What Companies Are Included in the Exosomes Market?

FUJIFILM Corporation, Thermo Fisher Scientific, Abcam plc, Norgen Biotek Corp., AMSBIO, Bio-Techne, Lonza, Qiagen, and Novus Biologicals LLC are the large choice of companies causing the emergence of an international exosome marketplace.

What is The COVID-19 Impact on Exosomes Market?

The pandemic of COVID 19 provides impacted the healthcare system as well as the exosome market globally. The outbreak caused significant disruptions in scientific trial execution across the sector. Moreover, the stakeholders experienced economic losses due to the exodus of staff and concerns regarding the safety of the staff. Various techniques had been investigated so far, one of which is exosome-based therapy.