Human Microbiome Market worth $1.7 billion by 2029


Posted February 8, 2024 by mmvaidya01

The human microbiome refers to a collection of microorganisms, including bacteria, viruses, fungi, and other microbes, that live within and on the human body.

 
Report Objectives:

# To define, describe, and forecast the human microbiome market based on products, type, application, and disease.

# To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, challenges, opportunities, and trends).

# To strategically analyse micro markets with respect to individual growth trends, future prospects, and contributions to the overall human microbiome market.

# To analyse opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.

# To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies.

# To track and analyze competitive developments such as acquisitions, product launches, expansions, agreements, partnerships, and R&D activities in the human microbiome market.

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Overview of This Study:

In order to estimate the current size of the human microbiome market, this study involved four major activities. A thorough investigation was conducted using secondary research methods to gather data about the market, its parent market, and its peer markets. The next stage involved conducting primary research to confirm these conclusions, hypotheses, and sizing with industry experts throughout the value chain. A combination of top-down and bottom-up methods was used to estimate the overall market size. Subsequently, methods for data triangulation and market breakdown were employed to estimate the market size of various segments.

Industry Revenue Forecast:

The global human microbiome market in terms of revenue was estimated to be worth $0.3 billion in 2023 and is poised to reach $1.7 billion by 2029, growing at a CAGR of 36.1% from 2023 to 2029.

Major Growth Influencing Factors:

Some of the key elements propelling this market's expansion include technological developments and rising consumer awareness of personalized healthcare. Regulatory obstacles and a lack of knowledge about microbial interactions, however, may impede market expansion.

Data Triangulation:

Following the completion of the market size estimation process, the entire market was divided into multiple segments. Data triangulation and market breakdown procedures were used when appropriate to finish the entire market engineering process and obtain precise statistics for every segment. Through an analysis of numerous variables and patterns from the supply and demand sides, the data was triangulated.

Geographical Growth Dynamics:

Asia Pacific is the human microbiome market's fastest-growing region.

Due in large part to growing demand for personalized medicine, advances in sequencing technologies, and growing recognition of the role of the microbiome in health and disease, the Asia Pacific human microbiome market is anticipated to grow at the highest CAGR during the forecast period. Due to the growing emphasis on personalized medicine and preventative healthcare, which is fueling the demand for human microbiomes, the Asian market has also attracted a lot of attention from international players.

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Key Players:

The prominent players in the human microbiome market are Seres Therapeutics, Inc. (US), Enterome (France), 4D pharma plc (UK), International Flavors & Fragrances Inc. (US), OptiBiotix Health Plc (UK), Ferring Pharmaceuticals (Switzerland), Synlogic, Inc. (US), Second Genome, Inc. (US), Vedanta Biosciences, Inc. (US), YSOPIA Bioscience (France), FlightPath Biosciences, Inc. (US), Finch Therapeutics Group, Inc. (US), AOBiome Therapeutics (US), BioGaia (Sweden), Quantbiome, Inc. (dba Ombre) (US), Viome Life Sciences, Inc. (US), BIOHM Health (US), DayTwo (US), Atlas Biomed (UK), Bione Ventures Private Limited (India), Luxia Scientific (France), Metabiomics (US), Sun Genomics (US), Seed Health (US), and Gnubiotics Sciences (Switzerland).

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Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags human microbiome , human microbiome market
Last Updated February 8, 2024