Welcome to
On Feet Nation
Thomas Shaw Online
Latest Market Trends Online
Alex Online
Debra Online
goditac499 Online
Denise Online
Jeff Online
Jack Miller Online
Posted by Latest Market Trends on August 28, 2024 at 12:19pm 0 Comments 0 Likes
Posted by Allen on August 28, 2024 at 12:16pm 0 Comments 0 Likes
The global Exosomes Market size is projected to reach USD 794.2 million by 2030, registering a CAGR of 28.38% over the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the market include technological advancements in exosome isolation and analytical procedures, growth in government and non-government initiatives for exosome research, and the increasing prevalence of cancer. For instance, according to the World Health Organization (WHO), in 2020 there were about 10 million deaths due to cancer, making it one of the foremost causes of death worldwide. The industry is anticipated to witness rapid growth, owing to the factors, such as the growing need for the identification of cancer biomarkers, detection of infectious agents, and discovery of treatment options for neurodegenerative & Cardiovascular Diseases (CVDs).
Exosomes released by cells into body fluids display different RNA, protein, and lipid contents in patients with various disease conditions as compared to healthy individuals. Hence, exosomes can be used for the development of diagnostic procedures using biomarker identification. The rising demand for fast, accurate, and minimally invasive diagnostic procedures, thus, represents a promising opportunity for the growth of exosome applications. The COVID-19 pandemic led to the disruption of clinical trials investigating the diagnostic and therapeutic potential of exosomes in 2020. In addition, nationwide lockdown restrictions, disruption of supply chains, and diversion of investments toward COVID-19-related products led to a decrease in the research and development activities involving exosomes.
Despite the adverse impact in 2020, the pandemic has opened up several new prospects for the development of COVID-19 vaccines and treatments with the use of exosomes, which, in turn, is expected to boost industry growth over the coming years. For instance, in March 2021, Cell Guidance Systems, a U.S.-based biotechnology research organization, announced plans for the development of exosome therapeutics for treating COVID-19 disease. Moreover, growth in government and non-government initiatives for exosome research is likely to drive the growth during the study period. For instance, in Jan 2023, Mantra Bio raised funding of USD 9 million to advance the development of its lead-targeted exosome therapeutics program.
Similarly, in February 2021, Evox Therapeutics raised a funding of USD 95.18 million to advance the exosome therapeutics and expand the company’s leading exome platform DeliverEX globally. However, stringent regulations pertaining to the approval and commercialization of exosome products may hamper the growth of the industry over the forecast period. In addition, technical difficulties associated with the implementation of exosomes in various applications may hamper the growth during the study period. Some of the major challenges include the lack of efficient transfection strategies and the need for optimization of purification methods. Such, challenges are anticipated to impede the market growth.
List Of Key Players in the Exosomes Market
Related Press Release@ Exosomes Market Report
Exosomes Market Report Highlights
Report Attribute |
Details |
Market size value in 2024 |
USD 177.4 million |
Revenue forecast in 2030 |
USD 794.2 million |
Growth rate |
CAGR of 28.38% from 2024 to 2030 |
Actual data |
2018 - 2023 |
Forecast period |
2024 - 2030 |
Exosomes Market Segmentation
Grand View Research has segmented the global exosomes market based on product & Service, workflow, application, end-use, and region:
Exosomes Product & Service Outlook (Revenue, USD Million, 2018 - 2030)
Exosomes Workflow Outlook (Revenue, USD Million, 2018 - 2030)
Exosomes Application Outlook (Revenue, USD Million, 2018 - 2030)
Exosomes End Use Outlook (Revenue, USD Million, 2018 - 2030)
Exosomes Regional Outlook (Revenue, USD Million, 2018 - 2030)
Explore Horizon, the world's most expansive market research database
© 2024 Created by PH the vintage.
Powered by
You need to be a member of On Feet Nation to add comments!
Join On Feet Nation