Future Market Insights has developed a report on the global exosome diagnostic and therapeutics market. A reporter has fetched several questions on the presumptive expansion of the global exosome diagnostic and therapeutics market by interpreting the valuable insights provided in the report.
How will you define the evolution of global exosome diagnostic and therapeutics market in foreseeable future?
Well, the market is anticipated to expand at 23.1% CAGR over the assessment period (2017-2027). During this period, the global market is also estimated to witness expansion at over 7.9X, in terms of revenues. The market was pegged at US$ 19 Mn in the year 2017 and is estimated to reach valuation of approximately US$ 152 Mn by the end of 2027.
Why do you think the market will witness exponential growth?
Typically, rising requirements of screening and diagnosis of chronic diseases combined with high therapeutic potential of exosomes are boosting the adoption of exosome diagnostics and therapeutics. Additionally, introduction of explicit system for analysis of proteins particular to exosomes, rising R&D activities buttressed by favourable government policies among different regions as well as growing popularity of exosome over ctDNA and CTC are anticipated to trigger the expansion of global market in near future. Lack of validation and standardization of requirements for isolation of exosomes is anticipated to witness hindrances to the expansion of the global market. However, large capital investment in research and developments activities as well as development and insufficient insurance coverage of costly cancer diagnostic tests.
In terms of product type, are there any types of exosome diagnostic and therapeutics that are exhibiting significant growth?
Well, reagents and kits are popular due to growing utilization of exosome diagnostics and therapeutics. The segment had retained its dominance in the market in the year 2017 and is anticipated to maintain its leading position throughout the forecast period. The segment is further estimated to showcase high CAGR of 28.2% during the assessment period. On the other hand, the software segment will retain second position in terms of CAGR value.
Which application type will lead the market, according to you?
In terms of value, the diagnostic segment is likely to remain the largest segment compared to therapeutic segment and is anticipated to reach market valuation of approximately US$ 90 Mn by the end of 2027. The segment is estimated to witness significant growth over the assessment period. However, the therapeutic segment is likely to expand at 29% CAGR during the forecast period.
The North America region is likely to be the largest with a hogh mart lucrativeness. The market in this region is anticipated to gain large market valuation. Thereby, retain its leading position in the market. Additionally, APEJ region is estimated to be the fastest expanding region and estimated to remain the largest in terms of adoption and utilization of exosome diagnostics and therapeutics. APEJ region is full of largest market players operating in the global market.
What are the leading market players operating in the market?
Some leading market players operating in the global market for exosome diagnostics and therapeutics market include Thermo Fisher Scientific, Inc., Exiqon A/S (Aethlon Medical, Inc.)., NanoSomix, Inc., Capricor Therapeutics, Inc., NX PHARMAGEN, and Exosome Diagnostics, Inc. On the other hand, several players such as Miltenyi Biotec, System Biosciences, Inc., and Aegle Therapeutics AMS Biotechnology (Europe) Limited have also consolidated their footprints in the global market.
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