The Human Microbiome Market Share Analysis offers an examination of traders based on their share of the market as a whole. In comparison to other vendors worldwide, it provides information about its revenue generation to the entire market. It gives dealers specific insights into how they are performing in relation to starting revenue and having a larger customer base than others. Understanding market share gives one a sense of the extent and level of vendor competition for the base year. It reveals the characteristics of the growth, breakdown, supremacy, and incorporation markets. Taking into account the COVID-19 influence on the market, the new report offers insights, analysis, estimations, and projections.
Human Microbiome Market Overview
The global Human Microbiome Market size is projected to reach a CAGR of 31.07% from 2023-2030.
The human microbiota consists of the trillions of symbiotic microbial cells harbored by each person mainly bacteria in the gut. Microbes, including bacteria, fungi, and viruses, are disease-causing agent that accumulates over time, and the habitat in the gut transforms their genetic activities and metabolic processes, resulting in an abnormal immune response against the substances and tissues that are normally present in the human body. Several microbiome projects have been launched worldwide with the aim to understand the roles played by these symbionts and their impact on the health of human hosts.
Human gut microbiomes play a major role in improving the efficacy of therapeutic compounds. Over the years, studies have shown that the right combination of microbes in the human body is beneficial for treating different conditions. This association between microbes and specific disease states could generate new opportunities for drug developers (or vaccine manufacturers). With several small innovative players operating in the market, there are various high-growth opportunities for key stakeholders to buy out companies so as to study microbiomes in the hope of identifying new drugs and drug targets for various indications, such as obesity, liver disorders, diabetes, and metabolic disorders. The surging prevalence of respiratory diseases all around the globe is one of the major factors responsible for fostering growth in the market value. Also, increasing focus on immunity development is responsible for boosting the market growth rate. Additionally, the surge in investment in biotechnology and biopharmaceutical industries, the surge in the personal disposable income level, an introduction of technologically driven products in hospitals, increasing investment in the development of advanced medical products and devices, and a rise in the popularity of minimally invasive surgeries, positive affect the market growth rate.
On the other hand, the high initial cost associated with the product is still persistent for many organizations, these arise due to numerous aspects including lack of funds, less floor space, reliability, and infrastructure built, for manual processes. Furthermore, these trucks are operated in systematic spaces using the predefined route and movement of products. This results in lesser flexibility for industries that require forklift trucks for multiple purposes.
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The COVID-19 pandemic has created massive disruptions to clinical trial research across the world. As in other aspects of life, the virus has severely affected the ability to conduct trials in safe and effective ways. This is especially true when considering that trials often deal with vulnerable populations who are most at risk from exposure to COVID-19. COVID-19 has adversely impacted and could continue to adversely impact the businesses of other companies, including their preclinical studies and clinical trials of microbiome-based therapeutics and diagnostic products. However, with the relaxation of government restrictions related to the pandemic and the emergence of virtual clinical trials, R&D activities started their recovery from 2021 onward.
Delvens Industry Expert's Standpoint
The market for human microbiomes is expanding quickly as a result of the increased study of the microbiome and its impact on human health as well as raising public awareness of the possibilities of microbiome-based goods and cures. In order to enhance human health outcomes, there is an urgent need for novel treatment alternatives that can target the microbiome. Chronic disorders including obesity, diabetes, and inflammatory bowel disease are on the rise. In the upcoming years, it is anticipated that the market for probiotics, prebiotics, microbiome sequencing, analysis services, and therapies based on the microbiome will all expand. Pharmaceutical firms, biotechnology firms, and diagnostic firms are some of the major market participants. However, the market for human microbiome-based goods and therapies has enormous potential for innovation and expansion, but it also necessitates ongoing investment in regulatory monitoring, research, development, and manufacturing.
Key Findings
- The application segment is bifurcated into Therapeutics and Diagnostics. The therapeutics segment is expected to dominate the market during the forecast period. The increase in funding for R&D into microbiome-based therapies worldwide is the major factor driving the growth of this application segment. In addition, technological advancements, the increasing number of clinical trials for the diagnostics segment, and growing collaborations between key market players and research institutes are also supporting market growth.
- The disease segment is further segmented into Infectious Diseases, Endocrine and Metabolic Disorders, Gastrointestinal Diseases, Cancer, and Other Diseases. The infectious disease segment is anticipated to hold the dominating position during the forecast period. The rising incidence of infections due to microbial dysbiosis, as a result of antibiotic treatment, and the increasing number of clinical trials for the development of target-specific microbiome-based therapies are the major factors driving the growth of this segment.
- The technology segment is further segmented into Genomics, Proteomics, and Metabolomics. The genomics segment is expected to reach the highest CAGR during the forecast period due to the increasing number of projects funded by private and government bodies is a key driver for the genomics market.
- The market is also divided into various regions such as Asia Pacific, North America, Europe, South America, and Middle East & Africa. North America accounted for the largest share of the overall market, followed by Europe. Factors such as the increasing incidences of lifestyle diseases, rising awareness on preventive healthcare, availability of funding for microbiome research, and the increasing number of microbiome research & clinical activities are responsible for driving the growth of the market in North America.
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Human Microbiome Market Regional Analysis
Asia Pacific to Dominate the Market
- The Human Microbiome Market in Asia Pacific is estimated to expand at a rapid pace during the forecast period. This expansion of the market in Asia Pacific can be attributed to the high rate of adoption of autonomous forklifts in countries, such as China, which produced maximum number of vehicles across the globe.
- Development of infrastructure and rapid industrialization coupled with expansion of construction and transportation industries are likely to boost the Human Microbiome Market in India and consequently, propel the Human Microbiome Market in Asia Pacific.
Human Microbiome Market Competitive Landscape
- Rebiotix Inc.
- Yakult Honsha Co., Ltd.
- Synthetic Biologics Inc.
- DuPont
- MaaT Pharma
- Eligo Bioscience
- Merck & Co. Inc
- AOBiome LLC
- Kaleido
- Seres Therapeutics
Human Microbiome Market Recent Developments
- In 2022, OptiBiotix Health Plc. signed an exclusive sales and distribution agreement with Nahdi Medical Co. To help tackle the obesity epidemic, the company’s GoFigure and SlimBiome Medical weight management products will be available in the KSA from early 2022 through the new agreement with Nahdi
- In September 2021, PhenoBiome today launched a human gut microbiome assay through Genetic Direction, which will process the assays in its CLIA- and CAP-certified laboratory.
Reasons to Acquire in the Human Microbiome Market
- Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
- Gain authentic and granular data access for Human Microbiome Market so as to understand the trends and the factors involved in changing market situations.
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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Frequently Asked Questions
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