According to the Facts and Factors, Research Report, the global exosome research products market in 2019 was approximately USD 85.3 Million. The market is expected to grow at a CAGR of 21.5 % and is anticipated to reach around USD 325.5 Million by 2026.
Exosomes are secreted by a variety of cells as extracellular vesicles and are present in body fluids like saliva, blood, urine, and serum. Exosomes consist of lipid bilayer membranes and are usually lined with specific proteins, nucleic acids like mRNA, microRNA, and DNA. Exosomes bear various protein markers such as heat shock proteins, tetraspanins, EpCam depending on the form of the cells. The major factors driving the growth of the global exosome research products market are increasing funding for life sciences research, along with the high global prevalence of cancer across the globe. Additionally, increasing interest in exosome-based procedures worldwide is another factor expected to boost the growth of the target market in the near future. However, the lack of skilled professionals is a major factor restraining the growth of the global exosome research products market over the forecast period.
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The exosome research products market is segmented on products and services, applications, end-user, and geography. On the basis of products and services, the target market can be segmented as instruments, reagents & kits, and services. Based on the application segment the global market can be divided into cancer and non-cancer applications, and on the basis of end-user, the global market is expected to divide into hospitals & clinical testing laboratories, pharmaceutical & biotechnology companies, and academic & research institutes. On the basis of the application segment, the lung cancer application segment held the largest market share in the near future in terms of revenue.
Top Market Players Included:
Key players operating in the exosome research products market not restricted to include QIAGEN N.V., Thermo Fisher Scientific, Bio-Techne, NX Pharmagen, System Biosciences, LLC., AMS Biotechnology Limited, Miltenyi Biotec, Lonza, NanoSomiX, and Norgen Biotek Corp. Major companies in the global exosome research products market are focusing on the launches of innovative products to get a competitive edge in the target market.
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The exosome research products market research report delivers an acute valuation and taxonomy of the exosome research products industry by practically splitting the market on the basis of different components, applications, end-user, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the exosome research products industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the exosome research products industry is provided for the leading economies of the world.
Increasing funding around the globe by the government for healthcare research is a major factor driving target market growth. Additionally, increasing the adoption of exosome research products worldwide for cancer and non-cancer applications is a major factor expected to accelerate target demand growth in the near future. Nevertheless, the lack of skilled professionals is a key factor to hinder the growth of the global exosome research products market.
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Based upon the region the global market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is expected to dominate in the global market in terms of revenue as compared to that of markets in other regions during the forecast period 2019-2026. This is attributed to the availability of advanced healthcare sectors in the countries of this region along with the increasing cancer burden in the countries of this region. Europe is expected to hold the second-largest share and Asia Pacific is anticipated to grow at a significant CAGR in the near future. Europe’s market growth is owing to increasing healthcare spending in the countries of Europe especially in the U.K. and in Germany of the region. The growth in the Asia Pacific countries is the presence of a favorable business environment in the countries of the Asia Pacific.
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This report segments the exosome research products market as follows:
Global Exosome Research Products Market: Products and Services Segment Analysis
- Reagents & Kits
Global Exosome Research Products Market: Application Segment Analysis
- Cancer Applications
- Lung Cancer
- Breast Cancer
- Prostate Cancer
- Colorectal Cancer
- Other Cancers
- Non-cancer Applications
Global Exosome Research Products Market: End-user Segment Analysis
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
- Hospitals & Clinical Testing Laboratories
Global Exosome Research Products Market: Regional Segmentation Analysis
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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