According to Facts and Factors market research, 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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Exosome Research Products Market: Growth Factors Analysis
Increasing funding around the globe by the government for healthcare research is a major factor driving target market growth. Additionally, the increasing 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 hindering the growth of the global exosome research products market.
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.
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Exosome Research Products Market: Major Segment Analysis
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.
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Exosome Research Products Market: Regional Analysis
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 the advanced healthcare sector 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 significant CAGR in the near future. Europe market growth is owing to increasing healthcare spending in the countries of Europe especially in the U.K. and in the 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
- Instruments
- Services
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
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