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Human Microbiome Research Industry is Aiming a High Growth Rate in Near Future

Global Industry Growth Boosting Factors:

# Rising industry-academia collaborations for microbiome research
# Increasing focus on human microbiome therapeutics development
# Human microbiome as a validated target for drug development
# Development of human microbiome-based tests for early disease detection & diagnosis

Overview of This Study:

This market research study involves the extensive use of secondary sources, directories, and databases to identify and collect information useful for this technical, market-oriented, and financial study of the global human microbiome market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and assess market prospects. The human microbiome market's size was estimated through various secondary research approaches and triangulated with inputs from primary research.

Impact of Covid-19 on Human Microbiome Market

The COVID-19 pandemic has created massive disruptions to clinical trial research across the world. As in other aspects of life, the virus has severely affected the ability to conduct trials in safe and effective ways. This is especially true when considering that trials often deal with vulnerable populations who are most at risk from exposure to COVID-19.

Seres Therapeutics’ SER-287 development activity was adversely impacted by the COVID-19 pandemic and by multiple clinical sites halting non-essential procedures, including endoscopies. Similarly, COVID-19 has adversely impacted and could continue to adversely impact the businesses of other companies, including their preclinical studies and clinical trials of microbiome-based therapeutics and diagnostic products.

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Expected Growth Rate:

The global human microbiome market is projected to  be growing at a healthy rate of 31.1% during the forecast period.

Major Objectives of This Study:

# To define, describe, segment, and forecast the human microbiome market based on product, application, disease, and region.

# To define, describe, segment, and forecast the human microbiome research spending market based on technology.

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

# To strategically analyze micromarkets and subsegments with respect to individual growth trends, prospects, and contributions to the overall human microbiome market.

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

# To forecast the size of market segments concerning four main regions (along with countries), namely, North America, Europe, the Asia Pacific (APAC), and the Rest of the World (South America, Latin America, and the Middle East & Africa).

# To strategically analyze the market structure and profile the key players of the global human microbiome market and comprehensively analyze their core competencies.

# To track and analyze competitive developments such as acquisitions; partnerships, agreements, & collaborations; and product launches in the human microbiome market.

Opportunity: Increasing collaborations between public-private organizations

With several small innovative players operating in the market, there are various high-growth opportunities for key stakeholders to buy out companies so as to study microbiomes in the hope of identifying new drugs and drug targets for various indications, such as obesity, liver disorders, diabetes, and metabolic disorders. Many market leaders are focusing on strategic collaborations and partnerships to increase their product pipelines with well-organized research and development techniques. In the last two years, there have been several collaborations and partnerships involving major companies.

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Geographical Growth Dynamics:

North America accounted for the largest share of the human microbiome market.

In 2023, North America accounted for the largest share of the overall market, followed by Europe. Factors such as the increasing incidences of lifestyle diseases, rising awareness on preventive healthcare, availability of funding for microbiome research, and the increasing number of microbiome research & clinical activities are responsible for driving the growth of the market in North America.

Key Developments, Globally:

# In 2022, OptiBiotix Health Plc. signed an exclusive sales and distribution agreement with Nahdi Medical Co. To help tackle the obesity epidemic, the company’s GoFigure and SlimBiome Medical weight management products will be available in the KSA from early 2022 through the new agreement with Nahdi.

# In 2020, 4D pharma merged with Longevity Acquisition Corporation to gain a NASDAQ listing. In turn, Longevity will support and accelerate the ongoing development of 4D pharma’s Live Biotherapeutic. Live Biotherapeutics is a novel and emerging class of drugs, defined by the FDA as biological products that contain a live organism, such as a bacterium, that is applicable to the prevention, treatment, or cure of a disease.

# In 2019, Seres collaborated with AstraZeneca to get a better understanding of the microbiome in augmenting the efficacy of cancer immunotherapy, including potential synergy with AstraZeneca compounds.

Read the Detailed Report@ https://www.prnewswire.com/news-releases/human-microbiome-market-worth-1-370-million-by-2029--exclusive-report-by-marketsandmarkets-301522562.html


on September 29 at 6:20

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