Research Nester has released a report titled “Human Microbiome Market: Global Demand Analysis & Opportunity Outlook 2035” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
Microbiome therapeutics is a growing field in the healthcare sector which uses additives, subtractive, or modulatory therapy and are aimed at engineering the gut microbiome. With the help of the Human Microbiome Project (HMP), the first phase of which was launched by the National Institutes of Health (NIH) of the United States in the year 2007, healthcare researchers tried to understood the microbiota involved in human health and disease. Moreover, in the year 2014, when the second phase of the study, which was known as the Integrative Human Microbiome Project (iHMP), was launched, the study helped to generate resources to characterize the microbiome. The increasing focus of the government of the nations around the globe to study the human microbiome is therefore projected to contribute to the market growth in the years to come.
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The global human microbiome market is anticipated to grow with a CAGR of 22.3% over the forecast period, i.e., 2023 – 2035. The market is estimated to garner a revenue of USD 3251.4 Million by the end of 2031. Additionally, in the year 2021, the market generated a revenue of USD 438.3 Million. The market is segmented by product into probiotics, prebiotics, diagnostic tests, drugs, and others. The probiotics segment, out of all the other segments, is anticipated to garner the largest revenue of USD 1427.7 Million by the end of 2031. Moreover, the segment generated a revenue of USD 187.2 Million in the year 2021.
By region, the global human microbiome market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in North America is anticipated to garner the largest revenue of USD 1859.8 Million by the end of 2031. Moreover, the market in the region generated a revenue of USD 251.6 Million in the year 2021.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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However, the stringent government regulations is predicted to hinder the market growth in the coming years.
This report also provides the existing competitive scenario of some of the key players of the global human microbiome market, which includes company profiling of Seres Therapeutics, Inc., Evelo Biosciences, Inc., Synlogic, SECOND GENOME, Synthetic Biologics, Inc., YSOPIA Bioscience, 4D pharma plc, DuPont de Nemours, Inc., BiomX Inc., Sun Genomics, Inc., Viome Life Sciences, Inc., and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Human Microbiome Market: Global Demand Analysis & Opportunity Outlook 2031”, analyses the overall global human microbiome industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global human microbiome market in the near future.
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