Press release
Human Microbiome Market Key Trends & Industry Forecast 2020
In terms of geographic, North America and Europe dominates the global human microbiome market due to improved biotechnological and microbiological research infrastructure. In addition, rising incidences of life style diseases and autoimmune disorders has also fueled the growth of human microbiome market in these regions. The U.S. represents the largest market for human microbiome followed by Canada in North America. France, Germany, Spain and the U.K. holds major share of human microbiome market in Europe. However, Asia is expected to show high growth rates in the next five years in global human microbiome market. This is due to improving research infrastructure in the region. In additions, several government associations are also supporting in the growth of human microbiome market in the region by providing funds and grants to increase research in the field of life science. China and India are expected to be the fastest growing human microbiome markets in Asia.
In recent time, increasing prevalence of diseases, such as diabetes, cancer and obesity, and rising number of geriatric populations are some of the major drivers of the global human microbiome market. For instance, according to an article published by the National Center for Biotechnology Information (NCBI), diabetes affected 285 million people worldwide in 2010 and the number is expected to reach 439 million by 2030. This increasing prevalence of diabetes has resulted in significant rise in demand of human microbiome based therapies for treatment of the disease. In addition, increasing awareness among people about advantages of microbiome products is also supporting in growth of the global human microbiome market. However, stringent government regulations obstruct the growth of global human microbiome market. Advancement in biomedical science develops opportunity for the global human microbiome market. Increasing mergers and acquisitions between major players and government associations is key trend of the global human microbiome market.
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Some of the major companies operating in the global human microbiome market are Enterome Bioscience, Merck, Yakult, DuPont, ViThera Pharmaceuticals, MicroBiome Therapeutics LLC, Second Genome Inc., Vedanta BioSciences, Osel and Metabiomics Corporation.
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