Exosomes Market Trends

Growth Drivers

• An Increase in Chronic Illness Prevalence- Globally, chronic illnesses like cancer, heart disease, and neurological conditions are the main causes of morbidity and death. Numerous causes, such as an aging population, sedentary lifestyles, poor dietary habits, and environmental variables like pollution, are contributing to the rise in the prevalence of chronic diseases. Approximately one in three persons worldwide are afflicted with several chronic illnesses. In the United States, four out of ten persons have two or more chronic diseases, and six out of ten adults have one. Additionally, exosomes can be modified to transport medicines, microRNA, and therapeutic compounds to specific cells, opening up a possible new therapeutic option for the management of chronic illnesses.
• Increasing Funding for Life Science and Pharmaceutical R&D- The majority of pharmaceutical, biopharmaceutical, and medical device businesses make significant investments in the creation of novel medications and equipment. The pharmaceutical sector invests a lot of money in R&D. Pharmaceutical firms make R&D investments in order to provide the market with unique and high-quality products. According to trends, the leading pharmaceutical companies are improving the efficiency of their research and development by investing heavily in R&D to see profits in the long run and by working together on joint projects. According to the research, global pharmaceutical R&D spending was estimated to be worth USD 136 billion in 2012 and USD 186 billion in 2019.
• Growing End-User Demand for Specialised Testing Services- As part of an attempt to increase efficiencies, collaborating earlier in the drug development process has become more and more popular in recent years. Specialized testing services like RNA sequencing, gene expression analysis, liquid chromatography-mass spectrometry (LC/MS), wet chemistry analysis of compendia raw materials, trace metal analysis with Inductively Coupled Mass Spectrometry (ICP-MS), and many more are being outsourced by businesses at a much earlier stage of the API process development cycle. These specialist services are primarily utilized for risk analysis, class I and II solvent removal, column chromatography removal, structural elucidation of important impurities, and overall cost and process efficiency reduction initiatives.

Challenges

• Absence of industry-accepted guidelines for exosome development and production- As the area of exosomes is still in its infancy, no gold standards have yet been established. Professionals thus use new processes and approaches that are brought to the market without reluctance. Apart from human error in exosome production, scientists encounter other obstacles in the process of researching, developing, and producing exosomes. Exosomes generated from MSCs have attracted a lot of attention lately because they function as intercellular messengers. Their unique quality attracts attention in medicinal applications, including medication delivery, gene therapy, cell treatment, cancer diagnosis, and vaccine development. Therefore, in order to create efficient exosome harvesting techniques and establish industry standards for exosome characterization and purification, inventors of MSC-exosome therapy must modify their stem cell-free therapy workflow to meet the new exosome manufacturing needs.
•  Events that could limit the exosomes market growth are likely to occur if there are insufficient funds available.
• The strict regulatory criteria for the licensing and commercialization of exosome products are factors impeding this market's growth.