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Exosome Research Global Market Report 2024 Market Key Drivers, Size, Trends, Growth, Outlook 2024-2033
Exosome Research Global Market Report
According to The Business Research Company's, The exosome research market size has grown exponentially in recent years. It will grow from $210.62 billion in 2023 to $283.43 billion in 2024 at a compound annual growth rate (CAGR) of 34.6%. The growth in the historic period can be attributed to growing understanding of exosome biology, increasing investment in life sciences research, emergence of liquid biopsies, increased focus on personalized medicine, collaborative research initiatives.
The exosome research market size is expected to see exponential growth in the next few years. It will grow to $865.26 billion in 2028 at a compound annual growth rate (CAGR) of 32.2%. The growth in the forecast period can be attributed to clinical translation of exosome-based therapeutics, expansion of liquid biopsy applications, increased industry collaboration in research, rising interest in extracellular vesicles (evs), focus on standardization and quality control. Major trends in the forecast period include clinical applications and therapeutics, technological advancements in isolation and analysis, biomarker discovery and diagnostics, standardization and quality control, collaborations and partnerships.
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Market Drivers and Trends:
The increased incidence of chronic medical diseases is expected to propel the growth of the exosome research market going forward. Chronic diseases typically last three months or longer and can deteriorate over time. Cancer, heart disease, stroke, diabetes, and arthritis are among the most common chronic diseases. It has been demonstrated that infections can use exosome release as a means of infection by altering the exosomes produced by the host to avoid detection by the immune system, thus driving demand for exosome research. Exosomes help to treat various diseases such as cancer, neurodegenerative disorders, and inflammatory conditions. For instance, in July 2022, the Centers for Disease Control and Prevention, a US-based national public health agency defined that every 6 out of 10 Americans have chronic diseases, and 4 out of 10 adults are suffering from more than two chronic diseases, like chronic lung cancer, heart disease, stroke, and diabetes. Therefore, the increased incidence of chronic medical diseases will drive the growth of the exosome research market.
Product innovations are a key trend gaining popularity in the exosome research market. Major companies operating in the market are introducing innovative products to grow in the market. For instance, in November 2022, Cell Guidance Systems, a UK-based company, launched instant exosomes and the LipoQ assay. Instant exosomes are a subtype of extracellular vesicles (EV), lipid membrane-enclosed compartments ranging in size from 50 to 1,000 nm in diameter. EVs are released from every cell type and tissue, and their contents are highly diverse. LipoQ is based on the sulfo-phospo-vanillin method, which measures the lipid content of unsaturated fatty acids within a sample.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc.; System Biosciences LLC; QIAGEN N.V.; Exosome Diagnostics Inc.; Bio-Techne Corporation; Hitachi Ltd.; Aethlon Medical Inc.; NanoSomiX Inc.; Malvern Panalytical Ltd.; Sistemic Scotland Limited; NX PharmaGen Corporation; Miltenyi Biotec GmbH; AMS Biotechnology (Europe) B.V.; Norgen Biotek Corp.; Novus Biologicals LLC; Lonza Group AG; Sistem-Bio S.A.S.; Izon Science Ltd; Evomic Science LLC; New England Biolabs Inc.; Evox Therapeutics Limited; Codiak BioSciences Inc.; MagBio Genomics Inc.; Cell Guidance Systems Ltd.; Aruna Biomedical PBC; CureMetrix Inc.; Capricor Therapeutics Inc.; Stemcell Technologies Inc.; ExoCoBio Inc.; Creative Biolabs; ArcherDX Inc.; Nanovex Biotechnologies S.L.
Exosome Research Market 2024 Key Insights:
• The exosome research market will grow to $865.26 billion in 2028 at a compound annual growth rate (CAGR) of 32.2%.
• Rising Incidence Of Chronic Diseases Fuels Growth In The Exosome Research Market
• Product Innovations Drive Growth In Exosome Research Market
• North America was the largest region in the exosome research 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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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
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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