Escalating demand for probiotics and rising chronic disease epidemics driving growth of human microbiome market

Date: 1 February 2020

According to a research report published by Azoth Analytics in January 2020, the Global Human Microbiome Market was valued at USD 351.81 million during the year 2018. Global Human Microbiome market is expected to grow due to a number of factors that include growing investing activities across the globe, technological advancements coupled with the rising demand for healthcare products.

Global Human Microbiome Market is primarily driven by growing urbanization, promptly improving competences in sequencing and data analytics that reinforce the growth across all sectors of the microbiome industry coupled with the ongoing demographic shift towards ageing population. These factors are facilitating the growth of global human microbiome market. 

Escalating demand for probiotics and rising chronic disease epidemics has been creating lucrative opportunity and is anticipated to fuel the market growth.  Moreover, increasing Investment in research and development and increasing number of corporations globally, disposable income and accelerating economic growth are expected to drive the market. Companies having high investment opportunity with the new edge technologies for research and development will likely to gain market share in the forecast period.

The Azoth Analytics research report titled Global Human Microbiome Market (2020 Edition) -Market Insight, Competition and Forecast (2019-2024) has analysed and segmented the Human Microbiome market By Value (USD Million). The report has analysed the market By Product (Probiotics, Prebiotics, Medical Food& Others), By Disease (Obesity, Diabetes, Cancer, Autoimmune Disorder, Gastrointestinal Disorder, Others), By Application (Therapeutic & Diagnostics) for the Region (North America, Europe, APAC & ROW) and Country (US, Canada, Mexico, UK, Germany, France, China, India, Japan & South Korea) for the historical period of 2014-2018 and the forecast period of 2019-2024.

 

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