Press release
Exosome Diagnostic and Therapeutic Market to Reach $367 Million, Globally, by 2022
Increase in incidence and prevalence of cancer, growth in investments and initiatives implemented by the government and non-government associations around the world are the factors that majorly drive the growth of this market. The technological advancements for easy exosome isolation and advanced exosome based products for new applications also support the growth of the world exosome diagnostic and therapeutic market. However, stringent government regulations for the product approval, and low awareness about the applications of exosome in developing countries restrict the market growth.global Exosome Diagnostic and Therapeutic market is expected to garner $367 million by 2022, registering a CAGR of 37.8% during the period 2016–2022. Diagnostic application segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America accounted for more than half of the world exosome diagnostic and therapeutic market share in 2015.
The key players in the exosome diagnostic and therapeutic market are highly focused on expanding their business operations in the fast-growing emerging countries with new product launches as the preferred strategy. The key players profiled in this report include Aethlon Medical, Inc. (U.S.), Exosome Diagnostics Inc. (U.S.), NanoSomix Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Malvern Instruments Ltd. (U.K,), System Biosciences Inc. (U.S.), NX Pharmagen (U.S.), Sistemic Inc. (U.K.), Capricor Therapeutics (U.S.), and Exiqon A/S (Denmark).
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North America and Europe together accounted for more than three-fourths share of overall market in 2015, and is expected to maintain this lead throughout the forecast period. The growth in the exosome diagnostic and therapeutic market in these regions attributes to the technological advancement in the isolation of exosomes, innovative and advanced applications of exosome-based products, and geriatric population coupled with increase in incidence of diseases such as cancer and cardiovascular diseases.
However, Asia-Pacific is projected to be the fastest-growing region, registering a CAGR of 38.8% during the analysis period. This is mainly due to the increase in awareness of innovative and advanced applications of exosome-based diagnostic and therapeutic products. In addition, increase in research outsourcing from emerging markets, improvement of healthcare infrastructures, and increase in expenditures in the emerging markets (such as India and China) have boosted the market growth.
Key findings of Exosome Diagnostic and Therapeutic Market:
• In 2015, diagnostic application was the leading segment of overall exosome diagnostic and therapeutic market revenue, and is projected to grow at a CAGR of 41.5% during the forecast period.
• Software segment is expected to grow at a remarkable CAGR of 38.3%, owing to increased demand in the life science research studies.
• North America accounted for over half of the world exosome diagnostic and therapeutic market in 2015.
• The cancer institute segment is projected to be the largest revenue-generating end user segment in the world exosome diagnostic and therapeutic market during the forecast period.
• Japan alone is the major shareholder in the Asia-Pacific region accounting for about two-fifth share of the Asia-Pacific exosome diagnostic and therapeutic market.
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