Human Microbiome Market to Grow at 22.2% CAGR to Hit USD 718.95 Million by

Market Overview:

According to our new research study on “Human Microbiome Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, and Disease,” the market is expected to reach US$ 2,921.68 million by 2028 from US$ 718.95 million in 2021; it is estimated to grow at a CAGR of 22.2% during 2021–2028. The report highlights major market drivers and prominent companies along with their key developments in the market.

 

Technological advancements in metagenomics and next-generation sequencing have made microbiome-based testing easier and cheaper, and they have sped up the process of analysis of the genomic content of microorganisms from human sample. This has bolstered the development process for microbiome-based diagnostics. Gastrointestinal and metabolic disorders accounted for a large share of the diagnostics market in 2018 owing to high interest in developing an easy analysis platform for gut health-based disorders, such as irritable bowel syndrome and Crohn’s disease. Metabiomics is engaged in developing molecular diagnostics for detecting markers of colorectal cancer. Existing tests for colorectal cancer rely on invasive colonoscopies; and thus, the non-invasive test developed by Metabiomics that uses stool samples to evaluate patient’s gut microbiome would come up as a unique product meeting huge unmet needs.

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Key Players Influencing the Market

Rebiotix Inc.Yakult Honsha Co., Ltd.Synthetic Biologics Inc.DuPontMaaT PharmaEligo BioscienceMerck & Co. IncAOBiome LLCKaleidoSeres Therapeutics

On the basis of geography, the human microbiome market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SCAM). North America is projected to hold the largest market share in 2021, with the US being the leading shareholder, followed by Canada. The market growth in North America is credited to robust research activities in the human microbiome, increasing funding for biotechnology, rising health-consciousness among population, and surge in the demand for the probiotics and prebiotic to treat chronic diseases. Asia Pacific is expected register the highest CAGR in the human microbiome market during the forecast period. Countries such as China have an established market for human microbiome, whereas the demand in India and Japan is set to grow in the coming years owing the ongoing research and developments.

 

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Answers that the report acknowledges:

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