Human Microbiome Market is expected to undergo a CAGR of 22.95% by 2029

Data Bridge Market Research analyses that the human microbiome market is expected to undergo a CAGR of 22.95% during the forecast period. This indicates that the market value, which was USD 599 million in 2021, would rocket up to USD 3,127.916 million by 2029. "Therapeutics" dominates the application segment of the human microbiome market owing to the increasing number of technological advancements and increase in funding for research and development into microbiome-based therapies worldwide. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Human microbiomes refers to the aggregation of microorganisms that are present on and within the human body. Human microbiome is a full array of microorganisms such as bacteria, bacteriophage, fungi, protozoa and viruses. Factually humans have 10 times more of the microbial cells than human cells.

Drivers
The rise in the prevalence of diseases
Surging prevalence of respiratory diseases all around the globe is one of the major factors responsible for fostering growth in the market value. Also, increasing focus on the immunity development is all responsible for boosting the market growth rate.

Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the development of drugs is also bolstering the market growth rate.

Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the market growth rate. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative market growth opportunities. Also, high return on investments assured by the research activities will also work in the favour of the market.

Additionally, surge in investment by biotechnology and biopharmaceutical industries, surge in the personal disposable income level, introduction of technologically driven products in hospitals, increasing investment for the development of advanced medical products and devices and rise in the popularity of minimally invasive surgeries, positively affect the market growth rate.

Recent Development
In September 2021, PhenoBiome today launched a human gut microbiome assay through Genetic Direction, which will process the assays in its CLIA- and CAP-certified laboratory.
In June 2021, NovoBiome, a drug discovery company has notified that they are building NovoSift, a disruptive ex-vivo research and discovery platform which will analyze the symbiotic relationship between the microbiota and the human intestine.

Some of the major players operating in the human microbiome market are ENTEROME (France), Yakult (US), DuPont (US), Metabiomics Corporation (US), ViThera Pharmaceuticals, Inc. (US), Second Genome Inc. (US), MICROBIOME THERAPEUTICS LLC (US), Vedanta Biosciences, Inc. (US), Osel, Inc. (US), Merck Sharp & Dohme Corp (Germany), Seres Therapeutics (US), Synthetic Biologics, Inc. (US), Synlogic (US), 4D pharma plc (UK), Metabogen AB (Sweden), Ritter Pharmaceuticals (US), Symberix (US) and Symbiotix Biotherapies, Inc. (US) among others.

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