Exosomes Market Overview
The global exosomes market size was estimated at USD 3.00 million in 2016 and is expected to reach USD 2.28 billion by 2030, at a CAGR of 18.8% during the forecast period.
However, exponential growth in revenue is anticipated over the coming decade due to granular and bottom-up efforts made by researchers in the field. Rising number of research grants and projects by various research organizations will also contribute toward market growth.
Projects are being undertaken to develop methods that enable efficient isolation and characterization of exosomal vesicles. The participation of exosomes in different functions and availability of a wide variety of pathways are expected to fuel research in the field, thereby leading to revenue generation. Rise in research funding is also expected to boost the market in the coming years. For instance, in August 2013, the U.S. National Institutes of Health announced the funding of USD 17 million for 24 research projects focusing on extracellular RNA.
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Small companies flooding the marketplace and the development of novel platforms and advanced technologies will also drive market growth over the forecast period. New platforms enable detection of low abundant membrane proteins and this detection can be carried out even in the background of complex plasma proteins.
In addition to this, the role of exosomes in providing insights for the diagnosis of pathological conditions is anticipated to increase its adoption in the research arena. Exosomes belong to the family of nanovesicles, which serve many functions in the diagnosis and therapy of multiple diseases.
Exosomes Market Segmentation
Based on the Exosomes Insights, the market is segmented into Isolation Methods and Downstream Analysis.
Based on the Biomolecule Type Insights, the market is segmented into Non-coding RNAs, mRNA, Proteins/peptides, DNA fragments and Lipids.
Based on the Application Insights, the market is segmented into Cancer, Neurodegenerative diseases, Cardiovascular diseases, Infectious diseases and Others.
Based on the Exosomes Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)
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Market Share Insights:
Key Companies Profile:
Companies are engaged in setting up production facilities in order to develop specific exosomes cell lines and capture a greater market share. Intense competition has also been noted with respect to patent filing and the launch of novel products.
Some prominent players in the global Exosomes market include
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