Exosome Research Products Market to Observe Utmost CAGR of 36.6% by 2030
Zion Market Research has published a new report titled “Exosome Research Products Market by Product and Service (Instruments, Reagents & Kits, and Services); by Application (Cancer and Non-Cancer Applications); for Hospitals & Clinical Testing Laboratories, Pharmaceutical & Biotechnology Companies, and Academic & Research Institutes: Global Industry Perspective, Comprehensive Analysis and Forecast.
According to the report, the global exosome research products market is expected to reach the value of USD 2,232,028.31 thousand by 2030, at a CAGR of 35.6% during the forecast period. Product accounts for the largest type segment in the market due to growing use of exosome research products in diagnostics and therapeutics.
Exosomes are secreted as extracellular vesicles by variety of cells and are found circulating in the body fluids like plasma, serum, urine and saliva. These exosomes have lipid bilayer membranes and contain nucleic acids such as mRNA, DNA and microRNA, different proteins in their core. Exosomes have specific protein markers like tetraspanins, heat shock proteins, and EpCam etc. based on the cellular origin. The surface markers can be used as valuable diagnostic tool as biomarker for cancer, diabetes, and neurological diseases etc. These exosomes can be used to study biological functions, non-invasive diagnostics and in development of advanced therapeutics.
Global exosome research products market is growth is fueled by various factors such as growing adoption of exosomes based procedures in life science research and increasing investments exosomes research. Also, this growth is further supported by various factors such as growing cancer prevalence, increasing preference for personalized medicine and increasing emphasis on using exosomes products as diagnostic tools. However, lack of trained professionals may impede the market growth in the coming years. Rising research applications in exosomes based products and increasing interest in exosome-based therapeutics are projected to open new avenues for market players in exosome research products.
The exosome research products market is segmented based on application, end-user, product and service, and region. Based on product and service, market is segmented into instruments, services and reagents & kits. Market was dominated by reagents & kits segment in 2018 with largest revenue share owing to continuous and repetitive use of reagents & kits for exosome research activities. Technological advancements and growing number of exosomes based test offerings for disease diagnosis are factors projected to boost demand for advanced instruments. Fastest growth is expected for services segment over the forecast period.
Based on applications, exosome research products market is categorized into non-cancer and cancer applications. Sub segments of cancer applications include lung cancer, prostate cancer, breast cancer, colorectal cancer, and other cancers. Market was dominated by lung cancer application segment in 2018 due to growing lung cancer prevalence across the globe. Fastest growth is expected for breast cancer during the forecast period as a result of government initiatives or programs to create awareness.
Based on end-user, global exosome research products market is categorized into pharmaceutical & biotechnology companies, hospitals & clinical testing laboratories, and academic & research institutes constitute. In 2018, academic & research institutes dominated the market with largest revenue share. Growing research activities and investments by major biotechnology and pharmaceutical companies will boost the market growth for pharmaceutical & biotechnology companies in the coming years.
At regional level, North America dominated the global exosome research products market with largest revenue share in 2018. This growth is attributed to increasing private and public investment, presence of developed infrastructure, increasing cancer burden and favorable government funding in this region. Europe was second leading regional market in 2018 owing to increasing research investments, favorable funding and grants to research and academic institutes, increasing preference for personalized medicine, and increasing healthcare expenditure. Asia Pacific region is estimated to register fastest growth in the coming years due to increasing cancer burden and growing geriatric population in emerging nations like India, China etc. Latin America and Middle East and Africa are projected to exhibit moderate and steady growth in the coming years.
Major players included in the report are -
- Thermo Fisher Scientific
- QIAGEN N.V.
- Bio-Techne
- System Biosciences
- NX Pharmagen
- AMS Biotechnology Limited
- Lonza
- Miltenyi Biotec
- Norgen Biotek Corp
- NanoSomiX.
The report segment of global exosome research products market as follows:
Global Exosome Research Products Market: By Product & Service
- Reagents & Kits
- Instruments
- Services
Global Exosome Research Products Market: By Application
- Cancer ApplicationsLung CancerBreast CancerProstate CancerColorectal CancerOther Cancers
- Non-cancer Applications
Global Exosome Research Products Market: By End-User
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
- Hospitals & Clinical Testing Laboratories
Global Exosome Research Products Market: By Region
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
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