An increase in the prevalence of lifestyle diseases around the world and the rising geriatric population will serve as prominent reason for the growth of the human microbiome market during the forecast period of 2018-2026. The emergence of lifestyle-based metabolic diseases is also at an all-time high. These factors will have a great impact on the growth of the human microbiome market across the assessment period of 2018-2026.
The human microbiome, also referred to as the microbiota, contains microbes such as bacteria, viruses, and fungi. The microbes stay in saliva, oral mucosa, conjunctiva, gastrointestinal tracts, or on the surface or deep layers of the skin. The bacteria in the microbiome have a massive number of benefits. They help in regulating our immune systems, produce vitamins such as riboflavin, thiamine, vitamin B, vitamin K, and vitamin B12. These vitamins are important for blood coagulation. Such benefits bode well for the growth of the human microbiome market.
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An increase in the incidence of obesity, cancer, diarrhea, central nervous system disorders, and others will bring profitable growth for the human microbiome market. Furthermore, the growing efforts of pharmaceutical companies to develop novel drugs based on microbiome science will bring expansive growth prospects for the human microbiome market during the tenure of 2018-2026.
The emergence of omics technologies and an increased focus on improving the affordability aspect across the healthcare sector will serve as major growth-generating factors for the human microbiome market.
Transparency Market Research’s (TMR’s) research report on the human microbiome market has every component that will assist the stakeholder in understanding the current scenario. Prominent trends in the human microbiome market are included in the report that enables stakeholders and CXOs to take calculated risks. Top key players in human microbiome market are also compiled in the research report.
The overall market survey on human microbiome by TMR suggests a promising growth period. According to the TMR experts, the market for human microbiome is prognosticated to expand at a healthy CAGR of 9.8 percent during the assessment period of 2018-2026.
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Growing Funding Initiatives from the Government Bodies of Numerous Countries to Add Extra Stars of Growth to the Human Microbiome Market
Whether it is monitoring drugs or other innovations, the life sciences sector has always been at the forefront in terms of advancements. The government bodies of numerous countries have understood the importance of the life sciences sector contribution. They are taking many initiatives to improve the research and development activities in the sector. Hence, the government bodies of numerous countries are focusing on funding initiatives in the life science sector.
The rising prominence of life sciences and their use in treating a massive number of diseases and disorders will bring exponential growth for the human microbiome market during the assessment period of 2018-2026.
In addition, the market data on human microbiome generated by TMR suggests the prominence of private investors in the growth structure. The raising of US$ 68 mn by microbiome startup, Vedanta Biosciences for propelling its bacteria-based drug candidates into the later stage clinical trials is a classic instance.
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Escalating Diabetes Cases to Accelerate the Demand for Microbiome-Based Therapies
Diabetes cases are at an all-time high. The prevalence of diabetes has increased exponentially over the years. The World Health Organization (WHO) estimates that the number of people with diabetes rose from 108 mn in 1980 to 422 mn in 2014. These statistics explain the problem of diabetes in a wider aspect.
Microbiomes help in decreasing the effect of diabetes exponentially as it is associated with the pathophysiology of most chronic diseases. Thus, the market analysis of human microbiome suggests that these factors have a major impact on the growth of the human microbiome market.
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