Exosome Diagnostics and Therapeutic Market Greater Precision and Advantages over Traditional Methods of Diagnosis and Therapeutics
Exosome Diagnostics and Therapeutic Market: Insight
According to The Insight Partners market research study of “Exosome Diagnostic and Therapeutic Market Forecast to 2027 - Covid-19 Impact and Global Analysis by Application, Product, and End User,” the global exosome diagnostic and therapeutic market is projected to reach US$ 358.91 million by2027 from US$ 41.6.33 million in2019. The market is estimated to grow at a CAGR of 32.2% from 2020 to 2027. The report highlights trends prevailing in the global exosome diagnostic and therapeutic market and the factors driving market along with those that act as hindrances.
Exosomes are nano-vesicles that constitute proteins, DNA, and RNA. Exosomes play an important role in aiding cell-to-cell communication while diagnosing cancer. It lowers the body's immune function by stimulating programmed cell death of activated cytotoxic T-cells, which modify neoplasm progression within the human body. The exosome diagnostic and therapeutic market is expected to witness huge growth due to greater precision and advantages over traditional methods of diagnosis and therapeutics. However, poor infrastructure and lack of expertise required for isolation of exosomes may hinder the market growth.
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Exosome Diagnostics and Therapeutic Market Competitive Landscape
Leading companies operating in the exosome diagnostic and therapeutic market are Aethlon Medical, Inc., Therapeutic Solutions International, Inc., ReNeuron Group plc, Immune Therapy Holdings AB, Cell Guidance Systems LLC, BioRegenerative Sciences, Evomic Science LLC, NorgenBiotek Corp., Exosome Diagnostics, Inc./Bio-Techne, and MiltenyiBiotec, among others.
The exosome diagnostic and therapeutic market is expected to grow owing to factors such as greater precision and advantages over traditional methods of diagnosis and therapeutics and increasing number of research activities in the field of exosomes. However, poor infrastructure and lack of expertise required for isolation of exosomes are likely to restrain the growth of the market during the forecast period.
Greater Precision and Advantages over Traditional Methods of Diagnosis and Therapeutics
Exosomes are distinct populations of tiny membranous vesicles, released into the extracellular space by most cells, which get eventually accumulated in the body fluid circulation. By acting as cellular messengers, they play a role in vital physiological functions by transporting information between different cell types. These tiny particles carry cellular nucleic acids and proteins from their host cells to target cells, which represent the comprehensive information about pathophysiological conditions of the host cell. For instance, exosomes released from tumor cells contains tumor-specific RNAs that can be potentially detected during cancer diagnosis. These carrier exosomes can also be used as biomarkers in the diagnosis of neurodegenerative and metabolic disorders, and infectious and other diseases. Additionally, the presence of exosomes in body fluids such as saliva and urine islikely to rule out the traditional methods involving the collection of the invasive body fluids.Thus, the growing emphasis on clinically noninvasive diagnosis is likely to drive the adoption of exosomes-based diagnosis and therapeutics in the medical industry during the forecast period.
Exosome Diagnostics and Therapeutic Market: Segmentation
Based on application, the exosome diagnostic and therapeutic market is further segmented into diagnostic applications and therapeutic applications. The diagnostic applications segment held a larger share of the market in 2019owing to increasing awareness of the procedural outcomes served by exosomes. For instance, in March 2016, Sysmex and JVCKENWOOD launched a joint program for the development of diagnostic instruments for measurement of exosomes. Also, the diagnostic segment is expected to register ahigher CAGR in the market during the forecast period. Apart from this, exosomes are emerging as promising therapeutic platforms due to its role in disease prorogation. Such involvement of exosomes can allow us to inhibit the disease progression with the help of targeted drug therapy.
The exosome diagnostic and therapeutic market, by product, is sub segmented into instruments, reagents, and software.In 2019, the instrument segment accounted for the largest share of the global exosome diagnostic and therapeutic market owing to increasing adoption of instruments for diagnostic applications. However, the software segment is estimated to register the highest CAGR in the market during the forecast period. This can be attributed to the demand for technological platforms offering data integrity, access, and security for collected data in exosome diagnostic and therapeutic applications.
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