Growth in exosome research products market is driven by factors such as the increasing funding for life science research, the high global prevalence of cancer, and the increasing interest in exosome-based procedures.
The global exosome research products market is projected to reach USD 264 million by 2024 from USD 91 million in 2019, at a CAGR of 23.8% during the forecast period.
The global exosome research products market is highly competitive owing to the presence of several large and small players. Thermo Fisher Scientific (US), QIAGEN N.V. (Netherlands), Bio-Techne (US), System Biosciences, LLC. (US), NX Pharmagen (US), Miltenyi Biotec (Germany), AMS Biotechnology (Europe) Limited (UK), NanoSomiX (US), Lonza (Switzerland), and Norgen Biotek Corp. (Canada) are some of the leading players operating in the global exosome research products market .
Players in this market pursue the strategies of partnerships, agreements, collaborations, expansions, and acquisitions to develop and expand their market presence. Partnerships, collaborations, and agreements have been the key growth strategies adopted from 2016 to 2018, by players such as Bio-Techne, QIAGEN N.V., and Lonza.
Thermo Fisher Scientific is one of the leading players in the exosome research products market. The company’s strong brand recognition and extensive product portfolio is its key strength. In order to maintain its leading position in this market, Thermo Fisher Scientific adopts organic and inorganic growth strategies, such as acquisitions and expansions. For instance, in 2018, the company opened its new business center and biorepository in Frederick, Maryland, US. This center will support the company by serving as the North American hub for its life sciences business.
Lonza holds the dominant position in the exosome research products market. The company offers a robust product portfolio and has a strong geographical presence in this market. The company has more than 40 manufacturing and R&D facilities across the globe. With its wide geographic presence and high production capacity, Lonza delivers quality products across the globe.
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