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Chronic Diseases Drive Growth in Exosome Diagnostic and Therapeutic Market || Continental AG, Bridgestone Corporation, Michelin Group
Exosome Diagnostic And Therapeutic Market
The Business Research Company's Exosome Diagnostic And Therapeutic Global Market Report 2023 identifies the rising prevalence of chronic diseases is expected to propel the growth of the exosome diagnostic and therapeutic market going forward. Chronic disease is a form of illness that lasts three months or more and can deteriorate with time. Diagnostic and therapeutic applications of exosomes act as possible biomarkers in cancer that provide more sensitive disease monitoring, making personalized medicine more reachable. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, there will be 142.66 million people with chronic diseases worldwide by the year 2050, up from 71.522 million in 2020.
The global exosome diagnostic and therapeutic market is expected to grow from $0.28 billion in 2022 to $0.36 billion in 2023 at a compound annual growth rate (CAGR) of 31.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The exosome diagnostic and therapeutic market is expected to reach $1.01 billion in 2027 at a CAGR of 29.2%.
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Major competitors in the exosome diagnostic and therapeutic market are Thermo Fisher Scientific Inc., Lonza Group AG, Bio-Techne Corp., Miltenyi Biotec GmBH, Malvern Instruments Inc., BioVision Inc., System Biosciences LLC, Evox Therapeutics Ltd., ExCoBio Inc.
A key trend in the exosome diagnostic and therapeutic market includes product innovation. Major companies operating in the exosome diagnostics and therapeutics market are concentrating on creating innovative products to strengthen their position in the market. For instance, in April 2020, Bio-Techne Corporation, a US-based manufacturer of biotechnology products, launched the ExoDx Prostate Test At-Home Collection Kit for patients worried about their prostate health. The at-home collection kit offers a quick and affordable option that permits a telemedicine or telehealth opportunity for doctors and their patients who share irritation, anxiety, and terror over whether the patient harbors high-grade prostate cancer.
Read More On The Global Exosome Diagnostic And Therapeutic Market Report Here: https://www.thebusinessresearchcompany.com/report/exosome-diagnostic-and-therapeutic-global-market-report
The global exosome diagnostic and therapeutic market is segmented -
1) By Product: Instruments, Software, Reagents And Kits
2) By Application: Diagnostics, Therapeutic
3) By End User: Academic And Research Institutes, Pharmaceutical And Biotechnology Companies, Hospitals And Clinics, Other End Users
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the exosome diagnostic and therapeutic market.
The Business Research Company's "Global Exosome Diagnostic And Therapeutic Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Exosome Diagnostic And Therapeutic Market Include:
1. Executive Summary
2. Exosome Diagnostic And Therapeutic Market Characteristic
3. Exosome Diagnostic And Therapeutic Market Trends And Strategies
4. Exosome Diagnostic And Therapeutic Market - Macro Economic Scenario
5. Exosome Diagnostic And Therapeutic Market Size And Growth
……………
27. Exosome Diagnostic And Therapeutic Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Exosome Diagnostic And Therapeutic Market
29. Exosome Diagnostic And Therapeutic Market Future Outlook And Potential Analysis
30. Appendix
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