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Exosome Research Products Market Segments: By Product & Service (Kit & Reagent, Instrument and Service); By Application (Cancer Application and Non-Cancer Application); By End User (Academic and Research Institutes, Pharmaceutical and Biotechnology Companies and Hospitals and Clinical Testing Laboratories); and Region - Global Analysis of Market Size, Share & Trends for 2014- 2020 and Forecasts to 2030
Exosomes are small lipid nanoparticles originating from the endosome and are typically 50-120 nm in diameter, actively secreted in most living cells by exocytosis. Under both normal and pathological conditions, exosome release occurs either constitutively or upon induction, in a complex, regulated, and functionally important manner. Exosomes are secreted as extracellular vesicles by several cells and are present in body fluids including saliva, plasma, urine, and serum. Exosomes consist of lipid bilayer membranes and are typically packed with various proteins, such as mRNA, microRNA, and DNA nucleic acids. Exosomes bear pleiotropic physiological and pathological functions and perform a significant role in various pathological conditions including cancer, and infectious and neurodegenerative diseases. To study biological functions and develop advanced therapeutics and non-invasive diagnostics, exosomes have become of primary importance to researchers.
Global Exosome Research Products Market to surpass USD 1.78 million by 2030 from USD 0.18 million in 2020 at a CAGR of 25.6% in the coming years, i.e., 2020-30. The exosome research products market is driven by the mounting adoption of exosome-based procedures along with rising funding in life science research. Growing cancer prevalence across the globe is another significant factor that is boosting the growth of the exosome research products market. Additionally, increasing preference for personalized medicine is anticipated to proliferate market growth in the forthcoming years.
Kit & Reagent segment to grow with the highest CAGR during 2021-30
Global Exosome Research Products market is segmented by Product & Service into Kit & Reagent, Instrument, and Service. Kit & Reagent, the segment held the largest market share of XX.X% in the year 2020 owing to the mounting demand for liquid biopsy tests, rising basic research and commercial applications of exosomes, and the requirement for reliable and specific diagnostic assays.
Lung Cancer segment to grow with the highest CAGR during 2021-30
Global Exosome Research Products market is divided by Application into Cancer applications and Non-Cancer Applications. The cancer applications segment is further bifurcated into Prostate Cancer, Lung Cancer, Colorectal Cancer, Breast Cancer, and Other Cancers. The lung cancer segment held the largest market share of XX.X% in the year 2020 and will continue to dominate the market in the coming years due to the growing occurrences of lung cancer across the globe. Also, technological advances in instruments & assays for liquid biopsy and the escalating demand for advanced diagnostic technologies are expected to propel the market segment growth.
Academic and Research Institutes, segment to grow with the highest CAGR during 2021-30
Global Exosome Research Products market is bifurcated by End Users into Academic and Research Institutes, Pharmaceutical and Biotechnology Companies, Hospitals, and Clinical Testing Laboratories. Academic and Research Institutes, the segment held the largest market share of XX.X% in the year 2020 and will continue to dominate the market in the coming year. The growth of the segment is driven by the factors such as increasing usage of exosomes in cancer and stem cell research, rising number of cancer and stem cell research projects, and accelerating public-private funding for exosome-based research.
Increasing incidences of cancer
The growing prevalence of cancer cases is projected to have a positive impact on the exosome research products market. In the United States, according to the 2018 report of the National Cancer Institute, about 1.7 million new cases of cancer were diagnosed in the country and approximately 0.6 million patients died due to cancer. Exosomes are considered to be one of the best biomarkers of cancer diagnosis owing to their unique biological physical properties and physiological functions. To deliver therapeutic molecules against lung and breast cancers, exosomes derived from cow's milk are used. Because of the improved passive targeting, due to its small scale, indigenous nature, and the ability to cross biological barriers, exosomes derived from unique body sites are promising candidates for anti-cancer vaccines. Hence the rise in cancer cases in the hospitals directly increases the demand for exosomes in both diagnosis and therapeutics.
The surge in research programs focusing on the role of exosomes
In recent years, interest in exosome research has increased dramatically owing to their exclusive functions as intercellular messengers, ability to modify recipient cell bioactivities, as well as therapeutic potential in disease diagnostics and targeted drug delivery. Besides, research into exosome material, biogenesis, and release mechanisms will not only improve understanding of certain diseases but would allow researchers to better target them for treatment. Likewise, for improved targeting precision and decreased minimum dosage and side effects, researchers may use exosomes as natural drug delivery vehicles. This in turn is projected to propel the Global Exosome Research Products Market.
Lack of skilled professionals
The lack of trained and skilled professionals is estimated to hamper the exosome research products market. Moreover, a shortage of funds in developing regions is likely to impede market growth. Furthermore, for the successful implementation of exosomes in various applications, various technical challenges need to be addressed. Some of the primary challenges include increasing the homogeneity of exosomes, optimization of purification, and efficient transfection strategies.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Exosome Research Products Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Global Exosome Research Products Market in North America held the largest market share of XX.X% in the year 2020. North America will continue to dominate the global Exosome Research Products market owing to the increasing government fund for life sciences research, the presence of high-quality infrastructure for clinical and laboratory research, and rising emphasis on exosomes in research and diagnostics. Furthermore, growing biotechnology and pharmaceutical industries and increasing incidences of cancer in the region are expected to stimulate market growth.
Global Exosome Research Products Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Exosome Research Products Market Segments:
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