Microbiome Therapeutics Market is expected to value at USD 433.5 million by 2025. The microbiome therapeutics industry is subject to witness a substantial growth due to the rise in the initiatives taken by the regional government through various programs for early diagnosis of critical diseases. Various initiatives taken by regional governments such as Human Microbiome Project by NHS in Europe and the Microbiome Initiative by the U.S. government are creating awareness among general population regarding advantages of microbiome therapeutics are expected to stimulate market growth over the coming years.
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The key driving factors responsible for the growth of Microbiome
Therapeutics market :
Globally, the microbiome
therapeutics market is predicted to grow at higher CAGR in the forecast period,
providing numerous opportunities for market players to invest for research and
development in the market. Increasing in the occurrence of gastrointestinal
disorders, diabetes, arthritis, and other neurological disorders across the
globe are major cause of concern; thus intensifying need for treatment and
diagnosis methods for its successful treatment. These factors are expected to
drive market demand for microbiome therapeutics over the forecast period.
Growing incidence related to the
diagnostic of the arthritis, and other neurological disorders among adults is
expected to further boost growth of microbiome therapeutics industry over the
next seven years. Growing prevalence of diseases owing to dysbios is of
microbiota in the gut coupled with biological drug development studies are key
contributing factors for industry growth in the recent years.
Lack of gut microbiome, which is
vital for good health of a person, leads to series of adverse effects on human
body. Alteration in a number of microorganisms that are found in human body
such as firmicute, bacteroidetes, and actinobacteria can lead to the
development of gastrointestinal disorders and various chronic diseases. In
addition, regular consummation of antibiotics, changing lifestyle, varying food
habits and rising geriatric population are some key factors are driving demand
for microbiome therapeutics over the forecast period.
The microbiome therapeutics
market is broadly categorized into four major segments based on the application
type such as C. difficile, crohn’s disease, inflammatory bowel disease and
diabetes. The C. difficile is considered as one of the fastest growing segment
in the with substantial revenue generation in the last few years. Growing
popularity of microbiome therapeutics in the C. difficile segment is attributed
to the higher approval rate and increasing market penetration. The segment has
also witnessed substantial growth owing to the increasing demand for drug
pipeline and use of microbiome therapeutics for the treatment of lactose
intolerance.
The microbiome therapeutics
industry is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rise in the implementation of latest technologies in medicine &
pharmaceutical sector, increase in the number of research & development
activities in the region and existence of well-established healthcare
infrastructure.
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