Market Trends of Exosomes Industry
This section covers the major market trends shaping the Exosomes Market according to our research experts:
The Therapeutic Application Segment is Expected to Hold the Largest Market Share in the Exosomes Market
Exosomes have the potential to be used as a therapeutic platform for a variety of diseases, including COVID-19. Exosomes have clinical applications as cell-free alternatives for treating various diseases and tissue regeneration by delivering therapeutic cargo components while avoiding immune rejection and cellular toxicity. In addition, stem cell-derived exosomes are advantageous in harnessing the anti-inflammatory and regenerative abilities of parent cells; thus, exosomal treatment can be engineered for respiratory viral diseases, including SARS-CoV-2.
Exosomes have promising potential to be a vehicle for drug delivery as they have natural material transportation properties, the capability to support intrinsic long-term circulation, and high biocompatibility, which are the most suitable factors for the delivery of a variety of proteins, chemicals, and nucleic acids. According to a few research studies, exosomes have generated positive results as mediators of intercellular communication, potentially delivering functional proteins, mRNA transcripts, and miRNAs to cells throughout the body. Exosomes, derived from some types of cells (such as dendritic and mesenchymal stem cells), have potential therapeutic properties and are biocompatible and efficient agents against various disorders, such as organ injury and various disorders including heart, kidney, liver, and lung illnesses.
Although there has been rapid progress in the research of exosome applications, there are many challenges in the development of exosome-based therapeutics, particularly in the production of exosome formulations due to their low productivity and heterogeneity. Moreover, there are a few barriers in the storage, optimization, and isolation methods of exosome formulations.
North America Dominates the Market and is Expected to do the Same in the Forecast Period
During the COVID-19 pandemic, the United States was the most affected country in the world. As exosomes and extracellular vesicles are considered potential mediators of infection, reinfection, and reactivation, the growing number of studies concerning exosomes is positively impacting market growth in North America.
The North American region holds one of the largest shares in the exosome market, owing to better healthcare infrastructure, effective government policies, a huge base of multinational companies, and high awareness among people about diagnostics and healthcare. Many government-funded research studies have been conducted regarding the role of drugs using exosomes in several kinds of cancer, such as melanoma, breast cancer, lung cancer, and pancreatic cancer, among others. Companies like Merck and Exosome Diagnostic have sponsored and collaborated with several universities, such as Yale University and Michigan State University, to conduct clinical trials in the United States. Furthermore, these ventures are very well supported by government funding. The studies were mostly conducted for neoplasms.
New technologies coming into the exosome market are fueling market growth. For instance, according to the Lab on Chip Journal publication of July 2022, the United States is experiencing wide adoption of emerging micro-nanotechnologies for extracellular vesicles in immuno-oncology ranging from target-specific isolations to immunomodulation. With the adoption of new technologies, the market studied is expected to witness strong growth in the coming years.
