The global Human Microbiome Therapeutics Market is forecasted to be worth USD 1,098.4 Million by 2027, according to a current analysis by Emergen Research. The human microbiome therapeutics market is forecasted to augment rapidly due to the rising application of human microbiome therapeutics into personalized medicine and nutrition. Besides, the growing technological advancements in metagenomics and the therapeutic system is anticipated to further propel the market growth over the forecasted timeframe.
The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
However, huge infrastructure and equipment costs and complicated laboratory bacteria development and isolation procedures are likely to impede market growth over the forecast timeline.The rising application into personalized medicine and nutrition and growing technological advancements in metagenomics is driving the demand for the market. During the forecast timeframe, the probiotics segment is expected to dominate the market. Probiotics are organisms, such as bacteria and yeasts, which provide health benefits when being consumed.
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Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report. The coronavirus outbreak has led to drastic changes in the current Human Microbiome Therapeutics business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Human Microbiome Therapeutics market growth assessed on both regional and global levels.
Some Key Highlights from the Report
In August 2019, the completion of the construction of a new state-of-the-art production facility had been announced by BiomX Ltd. The new facility is based in Ness Ziona and will facilitate the clinical development of candidate phage products for BiomX and may be extended in the coming years to satisfy commercial manufacturing requirements. The development has been a significant phase on the way to clinical development in this current period of live biotherapeutics, which involves phages and also human-derived cells and bacteria.
The small molecule therapies segment accounted for the largest market share, and, due to its extensive use, it was anticipated to witness the highest growth over the forecast period.
Over the forecast timeframe, the infectious disease segment is expected to dominate the industry. The main drivers of possible development in the segment are the increasing prevalence of microbial dysbiosis-based diseases with the wide use of antibiotics and the drug development of microbiome-based treatments.
Due to the rise of dietary supplement consumption, the North American market is expected to lead the global market for Human Microbiome Therapeutics therapeutics. Moreover, technologically specialized research facilities for the development of experimental therapeutics, the existence of a health-conscious population, and rising healthcare expenditure are the key reasons for the region's dominance.
Key participants include Oxidien Pharmaceuticals, LLC, BiomX Ltd., LNC Therapeutics SA, Commense Inc, Embion Technologies SA, DermBiont, Inc, CoreBiome, Inc., Carbiotix AB, Biotagenics Inc., and Finch Therapeutics, among others.
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Emergen Research has segmented the global Human Microbiome Therapeutics Market on the basis of product, approach, therapeutic area, diseases, and region:
Product Outlook (Revenue, USD Million; 2017-2027)
- Prescription Drugs
- Probiotics
- Medical Foods
- Prebiotics
Approach Outlook (Revenue, USD Million; 2017-2027)
- Microbial Consortia
- Phage Cocktail
- Small Molecule Therapies
- Microbial Ecosystems
- Genetically Modified Single Strain Bacteria
- Single Strain Whole Bacteria
Therapeutic Areas Outlook (Revenue, USD Million; 2017-2027)
- Oncology
- Autoimmune Disorders
- Dermatological Disorders
- Metabolic Disorders
- Infectious Disease
- Others
Diseases Outlook (Revenue, USD Million; 2017-2027)
- Crohn’s Disease
- difficile
- Diabetes
- Irritable Bowel Syndrome
- Others
Key Questions Answered in the Report:
What is the growth rate of the Human Microbiome Therapeutics market? What is the anticipated market valuation of Human Microbiome Therapeutics industry by 2027?
What are the key growth driving and restraining factors of the Human Microbiome Therapeutics market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Human Microbiome Therapeutics industry over the forecast period?
Which region is expected to show significant growth in the coming years?
Overview of the Human Microbiome Therapeutics Market Report:
Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, restraints, and limitations in the Human Microbiome Therapeutics industry
Read More: https://www.emergenresearch.com/industry-report/human-microbiome-therapeutics-market
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