The microbiome is a genetic component of diverse microorganisms that reside within and on the human body, such as fungi, bacteria, viruses, and protozoa. The growing understanding of the advantages of the bacteria found in the microbiome for immune system regulation, better digestion, and protection against other disease-inducing bacteria is propelling the global human microbiome market forward. Moreover, therapeutic and diagnostic products are being developed by manufacturers in the worldwide human microbiome market. Furthermore, the increased research and development activities in the human microbiome are bolstering the expansion of the global human microbiome market.
Technological advances in next-generation sequencing and metagenomics have simplified and reduced the price of microbiome-based testing, laying the path for quick investigation of the genomic composition of microorganisms from human samples. This has aided the development of microbiome-based diagnostics.
Moreover, the growing frequency of metabolic and gastrointestinal illnesses is driving the expansion of the worldwide human microbiome market. Furthermore, the rising understanding of the seriousness of chronic diseases like cancer is improving the global human microbiome market outlook. Key market participants in microbiome diagnostics are introducing novel treatments to treat ulcerative colitis and Crohn’s disease. A large number of microbiome diagnostic firms and the convenience of non-invasive testing are expected to aid the global human microbiome market during the projection period.
The global human microbiome market is anticipated to reach US$ 2.2 Bn by 2028, expanding at a CAGR of 7.1% from 2021 to 2028 (forecast period)
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Human Microbiome Market to Witness Massive Growth Post COVID-19 Crisis
The COVID-19 outbreak has wreaked havoc on clinical testing research around the world. The virus, like other parts of life, has significantly hampered the capacity to perform studies effectively and safely. This is particularly notable given that studies frequently involve disadvantaged communities that are most prone to COVID-19. The COVID-19 outbreak and several clinical sites suspending non-essential operations, including endoscopies, hampered Seres Therapeutics’ SER-287 development work. Likewise, COVID-19 has harmed and may end up harming the operations of other organizations, including clinical studies of microbiome-based diagnostics and therapies and preclinical investigations. Nevertheless, with the loosening of government limitations due to the pandemic and the advent of virtual clinical studies, R&D efforts began to rebound. As a result, the global human microbiome market is projected to witness massive growth post-COVID-19 pandemic.
North America to Lead Human Microbiome Market
North America is likely to lead the global human microbiome market in the future years due to continuing clinical studies for creating microbiome-based therapeutics and increased investments in research and development. Moreover, tight governmental regulations and quick technology improvements are creating revenue-generation opportunities in human microbiome market. Consumers’ awareness of the advantages of microbiome-based goods is driving up demand for these items. In addition, government initiatives to boost human microbiome products are expanding the sales of human microbiome market in North America.
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Asia Pacific is anticipated to experience considerable growth in the global human microbiome market during the forecast period. This is due to a rise in government projects to raise awareness, an uptick in medical tourism, and increased regional research activities. In addition, an increase in the occurrences of autoimmune disorders and lifestyle-related diseases and a burgeoning demand for better healthcare is projected to propel the human microbiome market in Asia Pacific over the forecast period.
Leading players in the human microbiome market are emphasizing technical developments. Furthermore, an increase in clinical testing expenditures and a spike in mergers and collaborations among key firms are likely to drive the global human microbiome market during the projection period.