The ‘Global Microbiome Therapeutics Market Share, Report and Forecast 2023-2028’, by Expert Market Research, gives an extensive outlook of the global microbiome therapeutics market, assessing the market based on its segments like type, applications and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Microbiome Therapeutics Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 159.41 Million
- Forecast CAGR (2023-2028): 43.6%
- Forecast Market Size (2028): USD 1397.77 Million
Global microbiome therapeutics market is being driven by increasing adoption of inorganic growth strategies by key players in the market. Microbiome therapeutics are used to treat human disorders by altering gut microbiome with the use additives, subtractive coupled with engineered microbes, other microbes or antibiotics.
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Due to lack of importance of physical well-being and limited physical activities among people because of their sedentary lifestyle and busy work life, the demand for microbiome therapeutic is rising. The increasing focus of key players of microbiome therapeutics markets on development of these therapeutic drugs and research that proves that the combination of microbes can help treating several disorders are thereby anticipated to be prominent factors for the expansion of this market in the forecasted years.
Microbiome Therapeutics Industry Definition and Major Segments
Microbiome therapeutics are aimed at engineering the gut microbiome using subtractive, additive, or modulatory therapy with an application of native or engineered bacteriophages, antibiotics, microbes, and bacteriocins.
This approach is expected to overcome the limitation of conventional therapeutics by providing reliable, harmonized, personalized, and sustainable treatment.
Based on various segments, the Global Microbiome Therapeutics Market is segmented as follows:
Based on type, the marked is bifurcated into:
- Faecal Microbiota Therapy (FMT)
- HIDs and Halogens
Based on application, the market can be divided into:
- Inflammatory Bowel Movement
- Crohn’s Disease
- Clostridium Difficile Infection
Based on region, the market can be divided into:
- The Middle East and Africa
- North America
- The Asia Pacific
- Latin America
Microbiome Therapeutics Market Trends
The global microbiome therapeutics market is being driven by the growing awareness for microbiome therapeutics as an alternative treatment. The awareness has been propelling with increased research and developments on microbiome therapeutics and increased efforts in advertising among people to widen the scope of this market.
Current food and drug regulatory authorities do not specifically alter their regulatory criteria for biotherapeutic products. Although regulatory bodies have approved several probiotic-containing dietary supplements, such products cannot be sold for the treatment, mitigation, or prevention of any diseases. The global microbiome therapeutics market is expected to expand due to the reason that authorities are planning to change their ways to categorise probiotics.
Key Market Players
The major players in the market are Seres Therapeutics, Rebiotix Inc, Enterome Bioscience, Maat Pharma, Vedanta Biosciences Inc, Aobiome LLC, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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