The global exosomes diagnostic and therapeutic market value is expected to rise from US$ 88.56 million in 2024 to US$ 211.6 million by 2034. This market is expected to be driven by a CAGR of 9.10% over the next decade.
Exosomes have come a long way from neglected extracellular vesicles to gaining credibility in the scientific community for their many promising traits. It has been gaining rapid momentum as an effective strategy to access the therapeutic effects of cells without the challenges associated with the administration of cells to patients.
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This has led to a surge in exosome-related cancer biomarker research, such as the use of exosomes for the diagnosis, monitoring, and treatment of many oncologic conditions.
Over the last few years, the exosome-based therapeutics industry has received significant investors’ interest. Due to significant growth potential in this industry, they have been pouring hundreds of millions of dollars into exosome-based therapeutics.
Incremental progress in research and increasing discontent with conventional cell therapies, which can be expensive, invasive, and immunogenic, are raising prospects for players in the exosome diagnostic and therapeutic industry.
Exosomes seem to be compatible with the body and are unlikely to be treated as a foreign element by the immune system. This makes it a potentially safer alternative, although more research is required to conclude the same.
“Growing investors’ appetite for exosome technology as well as increasing research studies that investigate exosomes and their applications are expected to propel market growth,” says an analyst of Future Market Insights.
Key Takeaways from the Exosomes Diagnostic and Therapeutic Market Report:
- The exosomes diagnostic and therapeutic industry attained a revenue of US$ 23.3 million in 2018. The market grew to be worth US$ 72.6 million in 2023, recording a CAGR of 25.5%.
- By product type, the instruments segment accounted for a market share of 25% in 2023.
- Based on application, the diagnostics segment acquired a share of 68% in the year 2023.
- The Canada exosomes diagnostic and therapeutic industry is projected to expand at a CAGR of 5% through 2034, whereas the United States market is anticipated to record a CAGR of 4.5% during this period.
- In Germany, the market is forecast to observe a demand rate of 3.8% from 2024 to 2034.
- In Asia Pacific, India and China are expected to expand at CAGRs of 9.5% and 10%, respectively, over the forecast period.
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Competitive Landscape:
Numerous biopharma companies are offering to create exosome-based therapeutics for an extensive range of conditions. Apart from this, they are meditating on their manufacturing needs. For instance, in 2021, Lonza, a healthcare manufacturing giant purchased the exosome manufacturing unit of the now-inoperative Codiak BioSciences.
CMDOs or Contract Development and Manufacturing Organizations such as RoosterBio have increased their services and joined other companies to resolve bottlenecks in exosome manufacturing. This trend is spreading in Europe, where exosome-based therapeutics developer EXO Biologics introduced a CDMO named ExoXpert to promote their proprietary platforms as a service to other players.
Latest Developments in the Exosomes Diagnostic and Therapeutic Market:
- In July 2023, ExoCoBio, a market leader in exosome technology, acquired BENEV, which is a global medical aesthetic brand. The combination of both these countries is going to create synergistic effects to accelerate the commercialization of exosome technology the world over.
- In January 2024, Aruna Bio officially declared that it had received FDA clearance of IND for Lead Program AB126, which positions it as the first exosome to enter human clinical trials for a neurological indication. FDA’s validation also underscores the therapeutic feasibility of Aruna Bio’s platform.
Key Players in the Exosomes Diagnostic and Therapeutic Market:
- Thermo Fisher Scientific
- NanoSomix
- NX Pharmagen
- Malvern Instruments
- Capricor Therapeutic
- Exosome Diagnostics
- Exiqon A/S
- System Biosciences
- Exosome Sciences
- Aegle Therapeutic
- AMS Biotechnology
- Miltenyi Biotec
- Codiak BioSciences Inc.
- Lonza Group (HansaBioMed Life Sciences Ltd.)
- AcouSort AB
- Aethlon Medical, Inc.
- AGC Biologics
- Anjarium Biosciences AG
- Aruna Bio
- Brexogen
- Capricor Therapeutics
- Cells for Cells
- Ciloa
- ConvEyXO
- Others
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Exosomes Diagnostic and Therapeutic Market Research by Categories:
By Products for Exosomes Diagnostic and Therapeutic are as follows:
- Instruments
- Software
- Reagents and Kits
The Market is Bifurcated Based on Applications as:
- Diagnostics
- Therapeutic
Key End Users of Exosomes Diagnostic and Therapeutic are:
- Hospitals
- Cancer Institutes
- Diagnostic Centers
- Others
Different Markets for Exosomes Diagnostic and Therapeutic are:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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