The global microbiome therapeutics market size was valued at USD 321.58 million in 2023 and is poised to grow at a significant CAGR of 22.6% during the forecast period 2024-30. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030.
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The term "microbiome" refers to the group of microorganisms. Prebiotics, probiotics, and synbiotics have a significant role in the prevention, diagnosis, and treatment of various illness disorders in the context of microbiome therapies. Because the microbiome is already present in the body, microbiome therapies, unlike medication molecules, do not have any side effects. This is a characteristic that makes them more favorable.
The global microbiome therapeutics market segmentation:
1) By Product Type: Probiotics, Prebiotics, Synbiotics (Combination of Prebiotics and Probiotics)
2) By Disease Indication: Digestive-related Disorders (Crohn's Disease, Inflammatory Bowel Disease (IBD), Irritable Bowel Syndrome (IBS), Others)), Metabolic Disorders (Obesity, Diabetes, Others), Respiratory Infections, Cancer, Immune System, Oral Diseases, Skin Infections, and Others
The primary factors of the microbiome therapeutics market drivers are the growing strategic activities in microbiome therapeutics segment, potential of microbiome therapeutics to address unmet needs of existing treatment options.
The microbiome therapeutics market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The microbiome therapeutics market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the microbiome therapeutics market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by the microbiome therapeutics market key players are 4D pharma plc, Seres Therapeutics, Inc., Microbiotica, Enterome, Destiny Pharma plc, Taisho Pharmaceutical Holdings, AOBiome Therapeutics, Inc., Finch Therapeutics Group is covered here to help them in strengthening their place in the market.
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