North
America Exosome Research Products Market Size and Growth Rate:
The North America exosome research products
market is forecasted to reach USD 97 million by 2024 from USD 23 million in
2019, at a CAGR of 19.8% during the projection period.
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Products Market @ https://www.researchcosmos.com/reports/north-america-exosome-research-products-market/23012739
North
America Exosome Research Products Market Overview:
Application of certain vesicles as carriers
of functional content such as circulating lipids, nucleic acids, and proteins
can be attributed to market growth. In extension, exosomes play an essential
role in immunosurveillance and tumor pathogenesis. Developing research programs
concentrating on determining the role of exosomes in hepatocellular carcinoma
(HCC) is expected to drive the North American market.
The exosome research products market is
expected to grow in the forecast period owing to driving circumstances such as
the growing prevalence of cancer, growing interest in exosome-based procedures
and raising funding for life science research. Nevertheless, the dearth of
skilled professionals may hamper market growth during the forecast period.
North
America Exosome Research Products Market Growth Drivers and Restraints:
The rising number of articles pertaining to
exosome research is supporting R&D activities in the field. Currently,
there are higher than 4400 articles published about exosomes, with
approximately 25.0% of these published in 2016 alone. In an extension of the
exponential rise in article publication, number of companies engaged in the
research is also growing.
These companies are taking help of the
natural propensity of exosomes for the transmission of macromolecule payloads
within cells. Application of these molecules in research activities relevant to
therapeutics and diagnostics is projected to result in an exponential increase
in the coming years.
Furthermore, an increase in funding for
R&D in this field is poised to positively influence industrial growth.
Increase in funding capacity by public and private institutions is symbolic of
the importance of exRNA molecules across the community involved in
translational research pertaining to diagnostics and therapeutic product
development.
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North
America Exosome Research Products Market Geographical Segmentation:
Market growth in North America, the biggest
regional market for exosome research products, is primarily motivated by the
availability of government funding for life sciences research, positive
regulatory environment, growing focus on exosomes in research and diagnostics,
and the appearance of high-quality infrastructure for clinical and laboratory
analysis. North America has several national institutes that promote
biotechnology and life science research activities. The majority of the
biotechnology and pharmaceutical industries and growth in the number of cancer
cases in the region are also boosting the market growth
Key
Players of the North America Exosome Research Products Market:
The exosome research products market is
extremely competitive owing to the presence of many large and small players.
Bio-Techne (US), Thermo Fisher Scientific (US), System Biosciences, LLC. (US),
NX Pharmagen (US), NanoSomiX (US), and Norgen Biotek Corp. (Canada) are some of
the principal players operating in the North American exosome research products
market.
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