Human Microbiome Market was valued at more than USD 380.6 million in 2020
According to a new report published by UnivDatos Markets Insights, the human microbiome market is worth over US$380.6 million in 2020 and is expected to grow at a CAGR of around 26.7% from 2022 to 2028. The analysis is segmented by product type (hemp oil, marijuana oil). Application (Pharmaceuticals, Cosmetics, Food & Beverage, Others); Region/Country.
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The Human Microbiome Market report is compiled by gathering informative data on various dynamics such as market drivers, restraints and opportunities. This groundbreaking report utilizes several analyses, to give a closer look at the Human Microbiome market. The Human Microbiome Market report offers an in-depth analysis of the latest industry developments and market trending factors that are influencing the growth of the market. Additionally, this statistical market research repository studies and estimates the Human Microbiome market at the global and regional level.
Market overview
The human microbiome is the collection of microorganisms that live on or within the human body. These microbiomes show potential roles in health care through multiple functions such as facilitating digestion, regulating the immune system, and producing vitamins.
Factors such as surging incidence of lifestyle disorders, increased spending on research and development activities, and increased federal funding are some of the prominent factors positively impacting market growth globally. .
Major players operating in the market include Enterome Biosciences SA, Yakult Honsha Co., 4D Pharma, Second Genome, Seres Therapeutics, Vedanta Biosciences, Inc., AOBiome, Microbiome Therapeutics LLC, OptiBiotix HEALTH PLC, etc.
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Impact of COVID-19
The recent covid-19 pandemic has disrupted the world and shocked the global economy. The global pandemic has impacted the healthcare industry and transformed the way healthcare is delivered. The human microbiome market has been greatly impacted during these times due to delays in elective surgery during the pandemic.
The Global Human Microbiome Market report has been thoroughly studied on several aspects that will help the stakeholders to make a more selective decision.
· Based on product type, the market is segmented into probiotics, prebiotics, diagnostic tests, pharmaceuticals, medical foods, supplements, and others. The pharmaceutical segment is expected to grow at a high CAGR rate during the forecast period. This is largely due to the increasing number of human microbiome-based therapeutic products in clinical trials and the increasing funding to develop microbiome-based medicines. Probiotics accounted for a large share of the market.
· Based on application, the market is divided into diagnostic and therapeutic. The therapeutics segment held a dominant share in the global market owing to increasing research and development funding for microbiome-based therapies, technological advancements, and increasing prevalence of chronic diseases.
Based on disease, the human microbiome market is segmented into obesity, infectious diseases, cancer, autoimmune diseases, metabolic and gastrointestinal disorders, and others. The infectious disease segment is expected to witness a high CAGR rate during the forecast period. A surge in the incidence of infections due to microbial dysbiosis due to antibiotic therapy and an increase in the number of clinical trials to develop target-specific microbiome-based therapeutics will propel the growth of this segment during the forecast period. is the main factor to
· Based on distribution channel, the market is segmented into retail pharmacy, hospital pharmacy, and online pharmacy. Online pharmacies are expected to register a high CAGR rate due to the growing number of internet users, growing access to online services, and rapid adoption of electronic prescriptions in hospitals and other healthcare settings.
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Geographical segmentation of the human microbiome market includes:
North America (United States, Canada, and the rest of North America)
Europe (Germany, UK, Spain, Italy, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
・ Rest of the world
North America is expected to grow at a significant CAGR during the forecast period. Main factors such as
The major players targeting the market are:
· Enterome Bioscience SA
Yakult Honsha Co.
4D pharmacy
· Vedanta Biosciences, Inc.
Ceres Therapeutics
・Biome
・Metabiomics Co., Ltd.
· Microbiome Therapeutics LLC
・Second Genome
· OptiBiotix HEALTH PLC
competitive environment
The degree of competition among prominent global companies is elaborated by analyzing some of the major key companies operating around the world. Our dedicated team of research analysts are experts in a variety of characteristics, including global market competition, market shares, the latest industry advancements, innovative product launches, partnerships, mergers, or acquisitions by major players in the human microbiome market. shed light on Key players have been analyzed using research methodologies to gain insight into global competition.
The key questions to be answered through this analytical market research report are:
• What are the latest trends, new patterns, and technological advancements in the Human Microbiome market?
• What factors are influencing the Human Microbiome Market during the forecast period?
• What are the global challenges, threats, and risks in the Human Microbiome market?
• What factors are driving and restraining the human microbiome market?
• What are the most demanding regions of the world for the human microbiome market?
• What is the size of the global market in the next few years?
• What are the key go-to-market strategies and policies applied by global companies?
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