Microbiome Global Market Research Report By Application, By Type, By Region, Shares, Trends And Forecast 2022-2031
According to The Business Research Company's microbiome market report, The global microbiome market reached a value of nearly $340.8 million in 2021, having increased at a compound annual growth rate (CAGR) of 14.8% since 2017. The global microbiome market size is expected to grow from $340.8 million in 2021 to $945.1 million in 2026 at a rate of 22.6%. The global microbiome market size is then expected to grow at a CAGR of 15.4% from 2026 and reach $1,932.5 million in 2031.
Increasing healthcare expenditure is predicted to upsurge the demand for the microbiomes market. The growth in healthcare expenditure is aiding governments and organizations to spend more on prescription drugs, hospitals, and physical and clinical services, thereby driving the microbiomes market. According to the National Health Expenditure Projections 2018-2027, national healthcare expenditure is expected to reach nearly $6.0 trillion by 2027 in the USA, growing at an average rate of 5.5% annually from 2018 to 2027. Furthermore, prescription drug spending is projected to grow by 6.1% annually during 2020-2027. Consequently, the rise in healthcare spending will increase the market for microbiomes in the near future.
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The microbiome market is segmented -
• By Type: Bacteria, Archaea, Viruses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the microbiome market.
Major competitors in the microbiome market include Seres Therapeutics, Enterome Bioscience, Ferring Pharmaceuticals, Vedanta BioSciences, Second Genome Inc.
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The microbiome market consists of sales of microbiome and related services used as immunotherapeutic agents in the pharmaceutical industry. Microbiomes are used as immunotherapy for a wide variety of conditions, including infectious diseases, endocrine and metabolic disorders, inflammatory conditions, cancers, irritable bowel syndrome, neurological disorders, hematological disorders and cardiovascular diseases.
The Table Of Content For The Microbiome Market Include:
1. Microbiome Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
23. Microbiome Market Opportunities And Strategies
24. Microbiome Market, Conclusions And Recommendations
The Business Research Company's "Global Microbiome Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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