The industry is predicted to experience a notable expansion with a predicted global diagnostic exosome biomarkers market size of US$ 196.8 million by 2023. The diagnostic exosome biomarkers sales are anticipated to thrive at a healthy CAGR of 16.3% between 2023 and 2033. A valuation of US$ 888.5 million is predicted for the diagnostic exosome biomarkers industry by 2033.
In the upcoming years, there may likely be a noticeable increase in diagnostic exosome biomarkers demand. Exosomes, which are tiny biomolecule-containing extracellular vesicles, have the potential to be used as non-invasive diagnostic tools for several disorders. They are strong prospects for early illness detection and tailored treatment because they can accurately represent the molecular makeup of the cell from which they originated.
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Exosome-based diagnostics are becoming sophisticated. This may present new prospects for developing diagnostics and enhancing patient outcomes.
Harnessing Exosomes: The Precious Source for Biomedical Advancements:
Several key factors are shaping the global diagnostic exosome biomarkers market. Exosomes, nanovesicles released through the fusion of the plasma membrane with internal vesicles, play a crucial role in the diagnostic exosome biomarkers business. They are easily found in body fluids like blood and urine, making them valuable biomedical tools.
Cancer research is particularly active, and exosomes are promising biomarkers for diagnosing and predicting malignant tumors. An ongoing investigation is into using exosomes as potential biomarkers for various neurodegenerative disorders. Further, these advancements are expected to create new market opportunities, compelling diagnostic exosome biomarkers industry players to focus on developing innovative products for diagnosis and monitoring.
Regional Outlook:
North America is anticipated to maintain its dominant position in the diagnostic exosome biomarkers market, while the Asia Pacific region is projected to emerge as the significantly growing market.
- In 2016, the National Institutes of Health sought grant applications to explore the potential of exosomes and extracellular vesicles (EVs) as biomarkers for cancer risk assessment, detection, diagnosis, and prognosis.
This significant research funding and government support have played a pivotal role in accelerating the market growth.
The Asia Pacific region is projected to experience promising growth opportunities from 2023 to 2033. This growth can be attributed to the rising demand for diagnostic exosome biomarkers in emerging economies like India and China. Also, the increased healthcare spending in these countries creates favorable prospects for developing the diagnostic exosome biomarkers market in the Asia Pacific region.
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Key Takeaways:
- The reagents & kits segment in the product category is to grab a share of 58.8% from 2023 to 2033.
- Based on the end user category, the diagnostic center segment is to acquire a market share of 37.3% between 2023 and 2033.
- The United States diagnostic exosome biomarkers business is estimated to acquire a share of 3% by 2023.
- Germany’s diagnostic exosome biomarkers business is likely to grab a share of 7% by 2023.
- Japan’s diagnostic exosome biomarkers market is predicted to hold a share of 4.2% by 2023.
- Australia’s diagnostic exosome biomarkers industry is estimated to acquire a CAGR of 7% by 2023.
- China’s diagnostic exosome biomarkers sales are anticipated to expand at a CAGR of 8% through 2033.
- India’s diagnostic exosome biomarkers industry is to develop at a CAGR of 2% from 2023 to 2033.
- North America’s diagnostic exosome biomarkers market is to hold a share of 6% through 2033.
- Europe’s diagnostic exosome biomarkers industry is predicted to acquire a share of 6% through 2033.
Competitive Landscape:
Given the many prominent firms participating in the diagnostic exosome biomarkers market, the general competitive environment could be cohesive. The diagnostic exosome biomarkers manufacturers are focusing on increasing the size and capabilities of their laboratories to meet the rising demand.
The diagnostic exosome biomarkers manufacturers are investing significantly in research and development projects to keep up with the increasing demand. To stay ahead of the escalating rivalry, manufacturers operating on the global market are predicted to use aggressive marketing techniques, including mergers and acquisitions.
Latest Innovations:
- Exo Therapeutics’ US$ 78 million Funding Boost
Exo Therapeutics obtained US$ 78 million in series B investment in October 2021 to further its novel approach to enzyme inhibition. Exo Therapeutics concentrates on blocking enzymes’ exosites rather than directly targeting the enzymes themselves, opening up intriguing opportunities to create innovative drugs.
- Bio-Techne and Thermo Fisher Collaborate on Revolutionary Kidney Transplant Rejection Test
The ExoTRU kidney transplant rejection test was developed and commercialized through an exclusive cooperation between Bio-Techne and Thermo Fisher Scientific in February 2022. This liquid biopsy technique can improve kidney transplant monitoring and patient care by providing important information on the health of the allograft for both clinical and research purposes.
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Top Major Key Players:
Key diagnostic exosome biomarker manufacturers include AMS Biotechnology Limited, 101Bio, BioRegenerative Sciences, Inc., Cell Guidance Systems LLC, Codiak BioSciences, Evomic Science LLC, ExoCyte Therapeutics Pte Ltd, Exovita biosciences, Immune Therapy Holdings AB, Lonza Group, Norgen Biotek Corp., ReNeuron Group plc and Therapeutic Solutions International, Inc.
Key Segmentation:
By Product Type:
- Reagents
- Kits
- Serum/Plasma Kits
- Urine Kits
- Software
By Application:
- Neurodegenerative Disorders
- Oncology
- Metabolic Disorders
- Others
By End User:
- Cancer Institute
- Hospital
- Diagnostic Center
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
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