Microbiome Market Analysis 2023 – Market Size And Key Drivers

The Microbiome Global Market Report 2023 by The Business Research Company, provides microbiome market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-203

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According to The Business Research Company’s Microbiome Global Market Report 2023, the market will grow from $0.39 billion in 2022 to $0.57 billion in 2023 at a compound annual growth rate (CAGR) of 45.6%. 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, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The microbiome market is expected to grow from $1.09 billion in 2027 at a CAGR of 17.6%.

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). Fecal microbiota transplantation (FMT) and probiotics were discovered as having potential applications in many immune-mediated disorders, such as IBD, to restore microbial balance. These microbial therapies have shown the potential to reduce both the dysbiotic condition and the development of inflammatory mediators, thereby enabling remission, particularly in UC.

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The microbiome market is segmented:

1) By Type: Fecal Microbiota Transplantation (FMT), Microbiome drugs

2) By Application: Inflammatory Bowel Disease, Diabetes, Multiple Sclerosis, Rheumatoid Arthritis, Other Applications

3) By Technology: Genomics, Proteomics, Metabolomics

The high cost of microbial therapy is a key factor hampering the growth of the microbiome market. The price of fecal transplantation, a microbial therapy, may vary considerably depending on the delivery method used by users and where users receive it. Fecal microbiota transplant processes can charge around $600-$1,000 based on the method of treatment, area, insurance coverage, and other variables. Therefore, the high cost of microbial therapy is expected to hinder the growth of the microbiome market.

The microbiome market report table of contents includes:

1. Executive Summary
2. Microbiome Market Characteristics
3. Microbiome Market Trends And Strategies
4. Microbiome Market – Macro Economic Scenario
5. Microbiome Market Size And Growth

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27. Microbiome Market Competitive Landscape And Company Profiles
28. Microbiome Pipeline Analysis
29. Key Mergers And Acquisitions In The Microbiome Market
30. Microbiome Market Future Outlook and Potential Analysis
31. Appendix

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