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Exosome Technologies Market Report 2024 - Exosome Technologies Market Size, Share And Trends
Exosome Technologies Market
According to The Business Research Company's, The exosome technologies market size has grown exponentially in recent years. It will grow from $0.06 billion in 2023 to $0.07 billion in 2024 at a compound annual growth rate (CAGR) of 26.7%. The growth in the historic period can be attributed to therapeutic advancements, isolation technique developments, research funding boost, regenerative medicine exploration, clinical trials inception.
The exosome technologies market size is expected to see exponential growth in the next few years. It will grow to "" $0.18 billion in 2028 at a compound annual growth rate (CAGR) of 27.0%. The growth in the forecast period can be attributed to regulatory progress, biomedical engineering innovations, clinical trials proliferation, regenerative medicine development, nanotechnology integration growth. Major trends in the forecast period include therapeutic advancements, diagnostic applications, nanotechnology integration, research funding surge, development of isolation techniques.
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Market Drivers and Trends:
The rising prevalence of chronic diseases is expected to drive the growth of the exosome technologies market. Chronic disease refers to a health condition or disease that is persistent or long-lasting in its effects, usually lasting for three months or longer, and may get worse over time. The rising prevalence of chronic diseases demands exosome technologies that offer potential uses such as identifying disease-specific biomarkers and monitoring disease progression using exosome cargo analysis, targeted drug delivery, and immune modulation in chronic conditions. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based international resource for the scientific research community, the number of individuals aged 50 years and older having one or more chronic illnesses is projected to rise by 99.5%, reaching 142.66 million by 2050, up from 71.522 million in 2020 in the United States. Furthermore, in July 2022, according to the Australian Institute of Health and Welfare (AIHW), an Australia-based government agency, approximately 47%, or 11.6 million individuals in Australia, were estimated to be affected by at least one of the ten chosen chronic ailments. Therefore, the rising prevalence of chronic diseases is expected to propel the growth of the exosome technologies market.
Advanced exosome characterization technologies are a key trend gaining popularity in the exosome technology market. Companies operating in the exosome technology market are adopting new technologies to sustain their position in the market. For instance, in August 2022, Creative Biolabs Inc., a US-based biotech company, launched a platform named NanosightTM for exosome characterization using Nanosight technology. Nanosight is a nanoparticle tracking analysis (NTA) technique that allows for the visualization and quantification of exosomes based on their size and concentration. By utilizing this platform, Creative Biolabs aims to provide researchers with advanced tools for the characterization and analysis of exosomes, facilitating their understanding of exosome properties and functions.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
AEGLE Therapeutics; Aruna Bio Inc.; Carmine Therapeutics Inc.; Exosome Diagnostics Inc.; Creative Biolabs Inc.; Danaher Corporation; OmniSpirant Limited; Thermo Fisher Scientific Inc.; Fujifilm Holdings Corporation; Anjarium Biosciences; NOVADIP Biosciences S.A.; Exopharm Ltd.; Organicell Regenerative Medicine Inc.; Evox Therapeutics; Direct Biologics; ExoCan Healthcare Technologies Pvt. Ltd.; ExoCoBio; ExonanoRNA LLC; ILIAS Biologics Inc.; Illumina Inc.; Invitrix Therapeutics; XOStem Inc.; VivaZome Therapeutics Pty Ltd.; Aethlon Medical Inc.; Capricor Therapeutics; Codiak BioSciences; Exogenus Therapeutics; Exovita Biosciences; HansaBioMed Life Sciences; Hitachi Chemical Advanced Therapeutics Solutions
Exosome Technologies Market 2024 Key Insights:
• The exosome technologies market will grow to "" $0.18 billion in 2028 at a compound annual growth rate (CAGR) of 27.0%.
• Revolutionizing Healthcare Exosome Technologies Market Soars Amidst The Rising Tide Of Chronic Diseases
• Creative Biolabs Launches Nanosighttm For Exosome Characterization, Paving The Way In Advanced Exosome Technologies
• North America was the largest region in the exosome technologies market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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