Human Microbiome Market to Hit $2.2 Billion by 2028, State TMR Report Says
ALBANY, NY, February 7, 2022 /PRNewswire/ — Analysts at Transparency Market Research (TMR) expect human microbiome market increase at a CAGR of 7.1% over the forecast period, 2021 to 2028.
Companies in the global human microbiome market are focused on the development of different microbiome therapeutics and diagnostics to meet the unmet needs of the medical industry. Hence, many market players are investing heavily in research projects that can help deliver microbiome-based products for the treatment of CNS disorders, cancer, skin disorders, rare diseases, and human health disorders. women. This factor, in turn, is expected to strengthen the global human microbiome market over the forecast period.
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Currently, the science of the human microbiome is in its infancy. Thus, many players in the human microbiome market are using the strategy of collaborating with leading researchers, physicians, and scientists in the field to leverage their expertise for their organizational growth. Thus, increasing industry-institute partnerships across the globe are estimated to generate promising growth opportunities in the global human microbiome market during the forecast period.
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Human Microbiome Market: Key Findings
- With advances in metagenomics and next-generation sequencing, the use of microbiome-based testing solutions has become easier. Moreover, these solutions are made available at cheaper prices. This has resulted in rapid analysis of the genomic content of microorganisms from human samples, thus enhancing the process of developing microbiome-based diagnostics, according to a TMR study on the global human microbiome market.
- Players operating in the global human microbiome market are focused on developing a platform for easy analysis of different gut health related diseases including Crohn’s disease and irritable bowel syndrome. As a result, the global human microbiome market is expected to gain profitable opportunities in the gastrointestinal and metabolic disorders segment in the coming years.
- The companies focus on offering inclusive data profiles of the entire microbiome of a tested individual. In addition, several market players enter into partnership agreements with other companies in order to develop technologically advanced products. This factor is expected to contribute to the expansion of the metagenomic sequencing segment of the market over the forecast period.
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Human Microbiome Market: Growth Boosters
- Rising number of business collaborations to develop highly advanced therapies for the treatment of critical disorders is boosting growth prospects in the global human microbiome market
- Increase in R&D projects focused on metagenomics and Next Generation Sequencing is expected to play a key role in the market growth over the forecast period
Human Microbiome Market: Regional Analysis
- The human microbiome market in North America is expected to maintain its dominant position and seize profitable opportunities during the forecast period, due to continued clinical tests focused on microbiome projects, increased investment in R&D projects, technological advancements and stringent government regulations in the region
- Europe is expected to hold the second largest human microbiome market share during the forecast period due to the crucial contribution of microbiome research and diagnostics players
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Human Microbiome Market: Key Players
Some of the key players profiled in the report are:
- Enterome Biosciences SA
- Therapeutic Microbiome LLC
- Metabiomics Corp. (BioSpherex LLC)
- Rebiotix, Inc.
- Osel, Inc.
- Seres Therapeutic
- second genome
- Vedanta Biosciences
- Synthetic Biologics, Inc.
- Ferring Pharmaceuticals
- 4D Pharma
Human Microbiome Market Segmentation
- Gastrointestinal and metabolic disorders
- women’s health
- 16s rRNA sequencing
- Metagenomic sequencing
- Gastrointestinal problems
- Metabolic disorders
- women’s health
- Dermatological problems
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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