Press release
Microbiome Market Research Report 2020| Recent Trends And Growth Forecast, 2023 | Covid 19 Growth And Change
The global microbiome market is expected to decline from $41.21 million in 2019 to $40.09 million in 2020 at a compound annual growth rate (CAGR) of -2.70%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $217.22 million in 2023 at a CAGR of 75.63%.
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The microbiome market consists of sales of microbiomes drugs and related services. Microbiome therapy aims at restoring balanced gut microbiota and is expected to decrease the risk of infection recurrence and greatly increase the quality of life of patients.
The increasing prevalence of inflammatory bowel disease (IBD) is a key factor driving the growth of the microbiome market. Inflammatory bowel disease (IBD) is a multifactorial and autoimmune infection group consisting of two major entities such as ulcerative colitis (UC) and Crohn`s disease (CD).
Microbiome Market Segmentation: -
By Type
1) Fecal Microbiota Transplantation (FMT)
2) Microbiome drugs
By Application
1) Inflammatory Bowel Disease
2) Diabetes
3) Multiple Sclerosis
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Few Points From Table Of Content
1. Executive Summary
2. Microbiome Market Characteristics
3. Microbiome Market Size And Growth
4. Microbiome Market Segmentation
5. Microbiome Market Regional And Country Analysis
……………
25. Microbiome Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Microbiome Market
27. Microbiome Market Trends And Strategies
28. Microbiome Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the microbiome market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the microbiome market are MicroBiome Therapeutics LLC, Seres Therapeutics, Enterome Bioscience, Second Genome, Vedanta Biosciences Inc, AbbVie Inc., Rebiotix, Inc
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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