Europe Exosome Research Products Market report is the broad market research report which studies the challenges, market structures, opportunities, driving forces, emerging trends, and competitive landscape of Healthcare industry. Moreover, the report revises general market conditions, estimates market share and possible sales volume of Healthcare industry, figure out the probable market for a new product to be launched and discover the most appropriate method for the distribution of certain product. By taking into consideration specific base year and historic year, calculations in the report have been performed which interprets the market performance in the forecast years by giving information about what the market definition, classifications, applications, and engagements are.
Data Bridge Market Research analyzes that the Europe exosome research products market is expected to reach the value of USD 5,15,818.76 thousand by 2030, at a CAGR of 33.6% during the forecast period. Product accounts for the largest type segment in the market due to the growing use of exosome research products in diagnostics and therapeutics.
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The exosomes are a specific class of cell-derived extracellular vesicles composed of endosomes and are typically 30-150 nm in diameter – the smallest type of extracellular vesicle. Protected by a lipid bilayer, the exosomes are pushed into the extracellular environment, containing a complex cargo derived from the original cell. The contents present in the cargo are proteins, lipids, messenger ribonucleic acid (mRNA), microsomal ribonucleic acid (miRNA), and deoxyribonucleic acid (DNA).
The exosomes have been connected to treat various chronic conditions such as auto-immune disorders. Exosome therapeutics have been widely used in drug delivery, tumor immunotherapy, and diagnostic biomarkers. Exosomes are used as drug carriers due to their small size, native nature, and ability to cross biological barriers
Europe Exosome Research Products Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
· Growth in the prevalence of cancer, chronic inflammation, auto-immune disease, Lyme disease, and other chronic degenerative diseases
According to WHO, cancer is a top cause of death globally, accounting for approximately 10 million deaths in 2020. The number of cancer patients in India among males was around 679,421, and for females was almost 712,758 for the year 2020. The number of new cancer cases and deaths in 2021 was around 1.9 million, and 608,570 cancer deaths in the United States. Thus, cancer incidence is encouraging researchers to do more and more research, and biomarker is helpful in ide006Etifying cancer. Thus, the market growth is increased.
Thus, in conclusion, the rise in the number of chronic diseases such as cardiovascular diseases, neurological disorders, and various other chronic diseases has led to increased demand for various medicinal drugs and will drive the growth of the Europe exosome research products market in the coming years.
· Increase in investments in pharmaceutical R&D and life sciences research
Academic and research institutes, pharmaceutical and biotechnology businesses, hospitals, and clinical testing laboratories are the major end users of the market. There has been a rise in demand for exosome studies in recent years due to their potential in illness detection and their emerging role as intercellular messengers. This has attracted the interest of several academic researchers, leading to the market's growth. More than 6,000 items are currently being examined in clinical trials worldwide, representing a 68% increase over 2016, per the Pharmaceutical R&D spending trends in 2022.
As the market players are constantly engaged in research and developmental activities, more hybrid and natural exosomes are being introduced in the Europe exosome research products market. This would increase the demand for exosome therapeutics to treat cancer and auto-immune diseases in hospitals and diagnostic centers. Hence, the advancements in research and development activities and increasing investments in the pharmaceutical sector are expected to drive overall market growth.
Some of the major players operating in the Europe exosome research products market are Hologic Inc., Luminex Corporation, Thermo Fisher Scientific, Agilent Technologies, Inc., Cell Guidance Systems LLC, QIAGEN, FUJIFILM Irvine Scientific( a subsidiary of FUJIFILM Holdings Corporation), CUSABIO TECHNOLOGY LLC, Norgen Biotek Corp., Miltenyi Biotec, AMSBIO, ExoDx (Acquired By Bio-Techne), Creative Bioarray, Novus Biologicals, Beckman Coulter, Inc., JSR Micro NV, Hitachi, Ltd., INOVIQ, and Audubon Bioscience, among others.
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Recent Developments
· In July 2022, Aethlon Medical, Inc., a medical therapy company focused on developing products for the diagnosis and treatment of cancer and life-threatening infectious diseases, announced that the US Food and Drug Administration (FDA) had approved a protocol amendment for an ongoing clinical trial of Aethlon Hemopurifier for patients with severe COVID-19
· In April 2020, ExoDX launched the ExoDx Prostate Test Home Collection Kit for patients concerned about prostate health. The home collection kit provides an immediate and cost-effective solution that enables a telemedicine/telehealth option for physicians and their patients who share the frustration, anxiety, and fear of the advanced prostate cancer patient
Europe Exosome Research Products Market Scope
Europe exosome research products market is segmented into five notable segments such as product, indication, application, end user, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Europe Exosome Research Products Market, By Product
· Instruments
· Consumables
On the basis of product, the Europe exosome research products market is segmented into instruments and consumables.
Europe Exosome Research Products Market, By Indication
· Cancer
· Non Cancer
On the basis of indication, the Europe exosome research products market is segmented into cancer and non-cancer.
Europe Exosome Research Products Market, By Application
· Therapeutics
· Diagnostics
On the basis of application, the Europe exosome research products market is segmented into therapeutics and diagnostics.
Europe Exosome Research Products Market, By End Users
· Hospitals
· Clinical Testing Laboratories
· Research Centers
· Pharmaceutical And Biotechnology Company
· Academic Institutes
· Others
On the basis of end users, the Europe exosome research products market is segmented into hospitals, clinical testing laboratory, research centers, pharmaceutical and Biotechnology Company, academic institutes, and others.
Europe Exosome Research Products Market, By Distribution Channel
· Third Party Distributors
· Online
· Direct Tender
On the basis of distribution channel, the Europe exosome research products market is segmented into third party distributors, online, and direct tender.
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