The Microbiome Market Share, Market Size, And Growth Rate 2022
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The microbiome market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 13%, as per The Business Research Company’s market report!
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The Microbiome Market Size In 2022 And Forecast
The global microbiome market is expected to grow from $5.54 billion in 2021 to $6.18 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The microbiome market is expected to reach $10.09 billion in 2026 at a CAGR of 13.1%.
The microbiome market consists of sales of microbiomes drugs and related services.
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Increase In Prevalence Of Inflammatory Bowel Disease Is Driving The Growth Of The Microbiome Market
In 2019, approximately 1.6 million people in the United States suffered from untreatable inflammatory bowel disease (IBD), including Crohn’s or ulcerative colitis. Therefore, the increasing prevalence of inflammatory bowel disease (IBD) is expected to drive the growth of the microbiome market.
Competitive Landscape And The Regional Analysis Of The Microbiome Market
Major players in the microbiome market are MicroBiome Therapeutics LLC, Seres Therapeutics, Enterome Bioscience, Second Genome, Vedanta Biosciences Inc, AbbVie Inc., Rebiotix, Inc., Ritter Pharmaceuticals, LNC Therapeutics Inc. and ViThera Pharmaceuticals Inc.
The Microbiome Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the microbiome market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the microbiome market.
Growing Technological Improvement – A Key Trend In The Microbiome Market
Major companies in the microbiome sector are focusing on developing advanced technology solutions for microbiomes.
Microbiome Market Segmentation By The Business Research Company
1) By Type: Fecal Microbiota Transplantation (FMT), Microbiome drugs
2) By Application: Inflammatory Bowel Disease, Diabetes, Multiple Sclerosis, Rheumatoid Arthritis, Others
3) By Technology: Genomics, Proteomics, Metabolomics
Here Are Some Reports Related To The Microbiome Market –
Arthritis Monoclonal Antibodies Global Market Report 2022
Human Microbiome Therapeutics Market
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