Product ID: SQMIG35J2043
Report ID:
SQMIG35J2043 |
Region:
Global |
Published Date: February, 2024
Pages:
224
|
Tables:
92 |
Figures:
76
North America is expected to account for the lion's share of the global human microbiome market. The region's domination is due to the rising prevalence of lifestyle problems and advances in next-generation sequencing. For example, Illumina Inc., a major player in the United States, claims that the introduction of next-generation sequencing enables various high-profile joint projects, like the Human Microbiome Project and MetaHIT. Using Next Generation Sequencing as a basic tool, these projects have published a wide range of data on the human microbiome.
Europe is likely to increase its market share during the forecast period as a result of extensive research and development of novel human microbiome applications. According to NCBI, new microbiome programmes such as ONCOBIOME, MICROB-predict, and GEMMA are focused on oncology, mapping of human microbiota, and autistic spectrum disorders, respectively, and are expected to boost market expansion in this region in March 2020.
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REQUEST FREE CUSTOMIZATIONMicrobiome Market size was valued at USD 573.42 billion in 2019 and is poised to grow from USD 743.21 billion in 2023 to USD 5918.61 billion by 2031, growing at a CAGR of 29.61% in the forecast period (2024-2031).
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Product ID: SQMIG35J2043