The human microbiome market is expected to reach US$ 2,921.68 million by 2028 from US$ 718.95 million in 2021; it is estimated to grow at a CAGR of 22.2% during 2021–2028.
The human microbiota consists of the trillions of symbiotic microbial cells harbored by each person mainly bacteria in the gut. The microbes, including bacteria, fungi, and viruses, are the disease-causing agent that accumulate over time, and the habitat in gut transforms their genetic activities and metabolic processes, resulting in an abnormal immune response against the substances and tissues that normally present in the human body. Several microbiome projects have been launched worldwide with the aim to understand the roles played by these symbionts and their impact on the health of human host. The growth of the human microbiome market is attributed to the factors such as increasing incidence of lifestyle diseases, increasing focus on human microbiome therapies, and growing technological advancements in metagenomics and next-generation sequencing. However strict government guidelines and lack of knowledge about detailed examination hinders the market growth.
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Market Insights
Increasing Incidence of Lifestyle Diseases
In the past few decades, researchers have come up with the clarity on the relation between human microbiome and lifestyle diseases such as cancer, diabetes, obesity, and depression. Changes in lifestyles and societal norms influence the microbiome at each stage of life. Altering the human microbiome can help eliminate such lifestyle diseases. As per World Health Organization, 13% of the world population (adults) was obese in 2016. According to the “The New Era of Treatment for Obesity and Metabolic Disorders: Evidence and Expectations for Gut Microbiome Transplantation,” published in 2016, microbes residing in the human gastrointestinal tract act as an endocrine organ whose composition and functionality contribute to the development of obesity. Therefore, fecal/gut microbiome transplantation (GMT), involving the transfer of feces from a healthy donor to the patient, is a potential treatment for obesity.
Diabetes is one of the global health emergencies of the 21st century. According to the International Diabetes Federation (IDF), the number of people suffering from diabetes in North America was ~46 million in 2017, which is expected to rise to 62 million by 2045, i.e., with the disease prevalence of ~35% during the forecast period. The reduced levels of Firmicutes Clostridia indicate the microbiome of patients with diabetes butyrate-producing bacteria and an increased ratio of Bacteroidetes: Firmicutes. Thus, diabetes can be prevented as well as treated by altering the microbiome by administration of prebiotics, probiotics, and fecal transplantation. Therefore, the increasing incidence of chronic lifestyle diseases is driving the human microbiome market growth.
Product-Based Insights
Based on product, the human microbiome market is segmented into foods, medical foods, probiotics, prebiotics, drugs, diagnostic devices, and supplements. The probiotics segment is projected to hold the largest market share in 2021, and the prebiotics segment is anticipated to register the highest CAGR in the market during the forecast period.
Human Microbiome Market, by Product – 2021 and 2028
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Report Coverage
Disease-Based Insights
The human microbiome market, by disease, is segmented into diabetes, cancer, autoimmune disorders, obesity, mental disorders, and other diseases. The market for the human microbiome is emerging owing to rising incidences of lifestyle diseases such as cancer and diabetes. The obesity segment is expected to hold the largest share of the market in 2021, whereas the diabetes segment is estimated to register the highest CAGR during the forecast period.
Application-Based Insights
The human microbiome market, by application, is segmented into diagnostics and therapeutics. The therapeutics segment is projected to hold a larger market share in 2021, and it is further estimated to register a higher CAGR during the forecast period.
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Human Microbiome Market: Strategic Insights
| Market Size Value in | US$ 718.95 Million in 2021 |
| Market Size Value by | US$ 2,921.68 Million by 2028 |
| Growth rate | CAGR of 22.2% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Product launches and approvals are the commonly adopted strategies by companies to expand their global footprints and product portfolios. Companies in the human microbiome market focus on the collaboration strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name across the world.
Human Microbiome Market – by Product
- Probiotics
- Foods
- Prebiotics
- Medical Foods
- Diagnostic Devices
- Drugs
- Supplements
Human Microbiome Market – by Disease
- Obesity
- Diabetes
- Autoimmune Disorders
- Cancer
- Mental Disorders
- Others
Human Microbiome Market – by Application
- Therapeutics
- Diagnostics
Human Microbiome Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of Asia Pacific
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
South and Central America (SCAM)
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- Rebiotix Inc.
- Yakult Honsha Co., Ltd.
- Synthetic Biologics Inc.
- DuPont
- MaaT Pharma
- Eligo Bioscience
- Merck & Co. Inc
- AOBiome LLC
- Kaleido
- Seres Therapeutics
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product , Disease and Application and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoE, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The Asia Pacific human microbiome market is analyzed based on the five major countries such as China, Japan, India, Australia, South Korea, and the rest of Asia Pacific. The Asia Pacific region is expected to be the fastest-growing region among all other regions. The rise in the collaborations among the Asian countries and Western countries for the research activities and the extensive genomic research in China are to likely drive the human microbiome market in the forecast period. In May 2018, The Conference on Human Microbiome and Chronic Disease, hosted by the Institute of Microbiology, Chinese Academy of Sciences and Chinese Society of Biotechnology was held in China National Convention Center at Beijing. The aim was to promote research human microbiome and related technology. Thus, there is a huge potential for human microbiome market in the region during the forecast period owing to the above-mentioned factors.
The growth of the human microbiome market is attributed to the factors such as increasing incidence of lifestyle diseases, increasing focus on human microbiome therapies, and growing technological advancements in metagenomics and next-generation sequencing. However strict government guidelines and lack of knowledge about detailed examination hinders the market growth.
The human microbiota consists of the trillions of symbiotic microbial cells harbored by each person, mainly bacteria in the gut. The microbes including bacteria, fungi and viruses are the disease-causing microbes that accumulate over time and changing their gene activity & metabolic processes and resulting in an abnormal immune response against the substances and tissues that normally present in the human body.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Human Microbiome Market – By Product
1.3.2 Global Human Microbiome Market – By Disease
1.3.3 Global Human Microbiome Market – By Application
1.3.4 Global Human Microbiome Market – By Geography
2. Global Human Microbiome Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Human Microbiome Market – Market Landscape
4.1 Overview
4.1.1 North America – PEST Analysis
4.1.2 Europe– PEST Analysis
4.1.3 Asia Pacific– PEST Analysis
4.1.4 Middle East And Africa– PEST Analysis
4.1.5 South and Central America – PEST Analysis
4.2 Expert Opinions
5. Human Microbiome Market– Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Incidence of Lifestyle Diseases
5.1.2 Increasing Focus On Human Microbiome Therapies
5.1.3 Growing Technological Advancements in Metagenomics and Next-generation Sequencing
5.2 Key Market Restraints
5.2.1 Strict Government Guidelines
5.2.2 Lack of Knowledge and Detailed Examination
5.3 Key Market Opportunities
5.3.1 New Drug Requirements for Faecal Microbiota
5.3.2 Emerging Nations
5.4 Future Trend
5.4.1 The Human Microbiome - A New Frontier in Drug Discovery
5.5 Impact analysis
6. Human Microbiome Market – Global Analysis
6.1 Global Human Microbiome Market Revenue Forecast and Analysis
6.2 Global Human Microbiome Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Human Microbiome Market Analysis – By Product
7.1 Overview
7.2 Human Microbiome Market Revenue Share, by Product (2021 and 2028)
7.3 Foods
7.3.1 Overview
7.3.2 Foods: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Medical Food
7.4.1 Overview
7.4.2 Medical Food: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Probiotics
7.5.1 Overview
7.5.2 Probiotics: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Prebiotics
7.6.1 Overview
7.6.2 Prebiotics: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Drugs
7.7.1 Overview
7.7.2 Drugs: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Diagnostic Devices
7.8.1 Overview
7.8.2 Diagnostic Devices: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
7.9 Supplements
7.9.1 Overview
7.9.2 Supplements: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
8. Human Microbiome Market Analysis – By Disease
8.1 Overview
8.2 Human Microbiome Market Revenue Share, by Disease (2021 and 2028)
8.3 Diabetes
8.3.1 Overview
8.3.2 Diabetes: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cancer
8.4.1 Overview
8.4.2 Cancer: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Autoimmune Disorders
8.5.1 Overview
8.5.2 Autoimmune Disorders: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Obesity
8.6.1 Overview
8.6.2 Obesity: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Mental Disorders
8.7.1 Overview
8.7.2 Mental Disorders: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
9. Human Microbiome Market Analysis – By Application
9.1 Overview
9.2 Human Microbiome Market Revenue Share, by Application (2021 and 2028)
9.3 Therapeutics
9.3.1 Overview
9.3.2 Therapeutics: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Diagnostics
9.4.1 Overview
9.4.2 Diagnostics: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
10. Global Human Microbiome Market – Geographic Analysis
10.1 North America: Human Microbiome Market
10.1.1 Overview
10.1.2 North America: Human Microbiome Market - Revenue and Forecast to 2028 (USD Million)
10.1.3 North America Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
10.1.4 North America Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
10.1.5 North America Human Microbiome Market, by Application – Revenue and Forecast to 2028 (USD Million)
10.1.6 North America: Human Microbiome Market, by Country, 2021 & 2028 (%)
10.1.6.1 US: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.1.1 US: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.1.2 US Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
10.1.6.1.3 US: Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
10.1.6.1.4 US: Human Microbiome Market, by Application – Revenue and Forecast to 2028 (USD Million)
10.1.6.2 Canada: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.2.1 Canada: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.2.2 Canada Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
10.1.6.2.3 Canada Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
10.1.6.2.4 Canada Human Microbiome Market, by Application – Revenue and Forecast to 2028 (USD Million)
10.1.6.3 Mexico: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.3.1 Mexico: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.3.2 Mexico Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
10.1.6.3.3 Mexico Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
10.1.6.3.4 Mexico Human Microbiome Market, by Application – Revenue and Forecast to 2028 (USD Million)
10.2 Europe: Human Microbiome Market Revenue and Forecasts to 2028
10.2.1 Overview
10.2.2 Europe: Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.3 Europe Human Microbiome Market Revenue and Forecasts to 2028, By Product (US$ Mn)
10.2.4 Europe Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn)
10.2.5 Europe Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.2.6 Europe Human Microbiome Market Revenue and Forecasts to 2028, By Country (%)
10.2.6.1 Germany Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.1.1 Germany Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.1.2 Germany Human Microbiome Market Revenue and Forecasts to 2028, By Product (US$ Mn)
10.2.6.1.3 Germany Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn)
10.2.6.1.4 Germany Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.2.6.2 UK Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.2.1 UK Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.2.2 UK Human Microbiome Market Revenue and Forecasts to 2028, By Product (US$ Mn)
10.2.6.2.3 UK Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn)
10.2.6.2.4 UK Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.2.6.3 France Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.3.1 France Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.3.2 France Human Microbiome Market Revenue and Forecasts to 2028, By Product (US$ Mn)
10.2.6.3.3 France Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn)
10.2.6.3.4 France Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.2.6.4 Italy Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.4.1 Italy Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.4.2 Italy Human Microbiome Market Revenue and Forecasts to 2028, By Product (US$ Mn)
10.2.6.4.3 Italy Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn)
10.2.6.4.4 Italy Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.2.6.5 Spain Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.5.1 Spain Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.5.2 Spain Human Microbiome Market Revenue and Forecasts to 2028, By Product (US$ Mn)
10.2.6.5.3 Spain Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn)
10.2.6.5.4 Spain Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.2.6.6 Rest of Europe Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.6.1 Rest of Europe Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.6.2 Rest of Europe Human Microbiome Market Revenue and Forecasts to 2028, By Product (US$ Mn)
10.2.6.6.3 Rest of Europe Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn)
10.2.6.6.4 Rest of Europe Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.3 Asia Pacific: Human Microbiome Market
10.3.1 Overview
10.3.2 Asia Pacific: Human Microbiome Market - Revenue and Forecast to 2028 (USD Million)
10.3.3 Asia Pacific: Human Microbiome Market, By Product, 2019–2028 (USD Million)
10.3.4 Asia Pacific: Human Microbiome Market, by Disease, 2019–2028 (USD Million)
10.3.5 Asia Pacific: Human Microbiome Market, by Application, 2019–2028 (USD Million)
10.3.6 Asia Pacific: Human Microbiome Market, by Country, 2021 & 2028 (%)
10.3.7 China: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.3.7.1 China: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.3.7.2 China: Human Microbiome Market, By Product, 2019–2028 (USD Million)
10.3.7.3 China: Human Microbiome Market, by Disease, 2019–2028 (USD Million)
10.3.7.4 China: Human Microbiome Market, by Application, 2019–2028 (USD Million)
10.3.8 Japan: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.3.8.1 Japan: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.3.8.2 Japan: Human Microbiome Market, By Product, 2019–2028 (USD Million)
10.3.8.3 Japan: Human Microbiome Market, by Disease, 2019–2028 (USD Million)
10.3.8.4 Japan: Human Microbiome Market, by Application, 2019–2028 (USD Million)
10.3.9 India: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.3.9.1 India: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.3.9.2 India: Human Microbiome Market, By Product, 2019–2028 (USD Million)
10.3.9.3 India: Human Microbiome Market, by Disease, 2019–2028 (USD Million)
10.3.9.4 India: Human Microbiome Market, by Application, 2019–2028 (USD Million)
10.3.10 Australia: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.3.10.1 Australia: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.3.10.2 Australia: Human Microbiome Market, By Product, 2019–2028 (USD Million)
10.3.10.3 Australia: Human Microbiome Market, by Disease, 2019–2028 (USD Million)
10.3.10.4 Australia: Human Microbiome Market, by Application, 2019–2028 (USD Million)
10.3.11 South Korea: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.3.11.1 South Korea: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.3.11.2 South Korea: Human Microbiome Market, By Product, 2019–2028 (USD Million)
10.3.11.3 South Korea: Human Microbiome Market, by Disease, 2019–2028 (USD Million)
10.3.11.4 South Korea: Human Microbiome Market, by Application, 2019–2028 (USD Million)
10.3.12 Rest of Asia Pacific: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.3.12.1 Rest of Asia Pacific: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
10.3.12.2 Rest of Asia Pacific: Human Microbiome Market, By Product, 2019–2028 (USD Million)
10.3.12.3 Rest of Asia Pacific: Human Microbiome Market, by Disease, 2019–2028 (USD Million)
10.3.12.4 Rest of Asia Pacific: Human Microbiome Market, by Application, 2019–2028 (USD Million)
10.4 Middle East and Africa: Human Microbiome Market
10.4.1 Overview
10.4.2 Middle East & Africa: Human Microbiome Market- Revenue and Forecast to 2028 (US$ Million)
10.4.3 Middle East and Africa Human Microbiome Market, by Product– Revenue and Forecast to 2028 (USD Million)
10.4.4 Middle East and Africa Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
10.4.5 Middle East and Africa Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
10.4.6 Middle East and Africa: Human Microbiome Market, by Country, 2021 & 2028 (%)
10.4.6.1 Saudi Arabia: Human Microbiome Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.1.1 Saudi Arabia: Human Microbiome Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.1.2 Saudi Arabia Human Microbiome Market, by Product– Revenue and Forecast to 2028 (USD Million)
10.4.6.1.3 Saudi Arabia Human Microbiome Market, by Disease– Revenue and Forecast to 2028 (USD Million)
10.4.6.1.4 Saudi Arabia Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
10.4.6.2 UAE: Human Microbiome Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.2.1 UAE: Human Microbiome Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.2.2 UAE Human Microbiome Market, by Product– Revenue and Forecast to 2028 (USD Million)
10.4.6.2.3 UAE Human Microbiome Market, by Disease– Revenue and Forecast to 2028 (USD Million)
10.4.6.2.4 UAE Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
10.4.6.3 South Africa: Human Microbiome Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.3.1 South Africa: Human Microbiome Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.3.2 South Africa Human Microbiome Market, by Product– Revenue and Forecast to 2028 (USD Million)
10.4.6.3.3 South Africa Human Microbiome Market, by Disease– Revenue and Forecast to 2028 (USD Million)
10.4.6.3.4 South Africa Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
10.4.6.4 Rest of Middle East and Africa: Human Microbiome Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.4.1 Rest of Middle East and Africa: Human Microbiome Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.4.2 Rest of Middle East and Africa Human Microbiome Market, by Product– Revenue and Forecast to 2028 (USD Million)
10.4.6.4.3 Rest of Middle East and Africa Human Microbiome Market, by Disease– Revenue and Forecast to 2028 (USD Million)
10.4.6.4.4 Rest of Middle East and Africa Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
10.5 South and Central America: Human Microbiome Market
10.5.1 Overview
10.5.2 South and Central America: Human Microbiome Market– Revenue and Forecast to 2028 (USD Million)
10.5.3 South and Central America Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
10.5.4 South and Central America Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
10.5.5 South and Central America Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
10.5.6 South and Central America: Human Microbiome Market, by Country, 2021 & 2028 (%)
10.5.6.1 Brazil: Human Microbiome Market– Revenue and Forecast to 2028 (USD Million)
10.5.6.1.1 Brazil: Human Microbiome Market– Revenue and Forecast to 2028 (USD Million)
10.5.6.1.2 Brazil Human Microbiome Market, by Product– Revenue and Forecast to 2028 (USD Million)
10.5.6.1.3 Brazil Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
10.5.6.1.4 Brazil Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
10.5.6.2 Argentina: Human Microbiome Market– Revenue and Forecast to 2028 (USD Million)
10.5.6.2.1 Argentina: Human Microbiome Market– Revenue and Forecast to 2028 (USD Million)
10.5.6.2.2 Argentina Human Microbiome Market, by Product– Revenue and Forecast to 2028 (USD Million)
10.5.6.2.3 Argentina Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
10.5.6.2.4 Argentina Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
10.5.6.3 Rest of South and Central America: Human Microbiome Market– Revenue and Forecast to 2028 (USD Million)
10.5.6.3.1 Rest of South and Central America: Human Microbiome Market– Revenue and Forecast to 2028 (USD Million)
10.5.6.3.2 Rest of South and Central America Human Microbiome Market, by Product– Revenue and Forecast to 2028 (USD Million)
10.5.6.3.3 Rest of South and Central America Human Microbiome Market, by Disease– Revenue and Forecast to 2028 (USD Million)
10.5.6.3.4 Rest of South and Central America Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
11. Impact Of COVID-19 Pandemic on Human Microbiome Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profiles
13.1 MaaT Pharma
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 ELIGO BIOSCIENCE
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 AOBiome
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Kaleido Biosciences, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Seres Therapeutics
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Merck & Co., Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Yakult Honsha Co., Ltd.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Rebiotix, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 DuPont de Nemours, Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Synthetic Biologics, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 2. North America Human Microbiome Market, by Disease - Revenue and Forecast to 2028 (USD Million)
Table 3. North America Human Microbiome Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 4. US Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 5. US Human Microbiome Market, by Disease - Revenue and Forecast to 2028 (USD Million)
Table 6. US Human Microbiome Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Human Microbiome Market, by Product -Revenue and Forecast to 2028 (USD Million)
Table 8. Canada Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Human Microbiome Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Human Microbiome Market, by Product -Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico Human Microbiome Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 13. Europe and Middle East and Africa Human Microbiome Market Revenue and Forecasts to 2028, By Product (US$ Mn).
Table 14. Europe and Middle East and Africa Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn).
Table 15. Europe and Middle East and Africa Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn).
Table 16. Germany Human Microbiome Market Revenue and Forecasts to 2028, By Product US$ Mn)
Table 17. Germany Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn).
Table 18. Germany Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn).
Table 19. UK Human Microbiome Market Revenue and Forecasts to 2028, By Product US$ Mn)
Table 20. UK Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn).
Table 21. UK Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn).
Table 22. France Human Microbiome Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 23. France Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn)
Table 24. France Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 25. Italy Human Microbiome Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 26. Italy Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn)
Table 27. Italy Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 28. Spain Human Microbiome Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 29. Spain Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn)
Table 30. Spain Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 31. Rest of Europe Human Microbiome Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 32. Rest of Europe Human Microbiome Market Revenue and Forecasts to 2028, By Disease (US$ Mn)
Table 33. Rest of Europe Human Microbiome Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 34. Asia Pacific: Human Microbiome Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 35. Asia Pacific Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 36. Asia Pacific Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 37. China: Human Microbiome Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 38. China: Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 39. China: Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 40. Japan: Human Microbiome Market, By Product– Revenue and Forecast to 2028 (USD Million)
Table 41. Japan: Human Microbiome Market, by Disease– Revenue and Forecast to 2028 (USD Million)
Table 42. Japan: Human Microbiome Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 43. India: Human Microbiome Market, By Product– Revenue and Forecast to 2028 (USD Million)
Table 44. India: Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 45. India: Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 46. Australia: Human Microbiome Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 47. Australia: Human Microbiome Market, by Disease– Revenue and Forecast to 2028 (USD Million)
Table 48. Australia: Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 49. South Korea: Human Microbiome Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 50. South Korea: Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 51. South Korea: Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 52. Rest of Asia Pacific: Human Microbiome Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 53. Rest of Asia Pacific: Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 54. Rest of Asia Pacific: Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 55. Middle East and Africa Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 56. Middle East and Africa Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 57. Middle East and Africa Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 58. Saudi Arabia Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 59. Saudi Arabia Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 60. Saudi Arabia Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 61. UAE Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 62. UAE Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 63. UAE Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 64. South Africa Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 65. South Africa Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 66. South Africa Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 67. Rest of Middle East and Africa Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 68. Rest of Middle East and Africa Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 69. Rest of Middle East and Africa Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 70. South and Central America Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 71. South and Central America Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 72. South and Central America Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 73. Brazil Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 74. Brazil Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 75. Brazil Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 76. Argentina Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 77. Argentina Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 78. Argentina Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 79. Rest of South and Central America Human Microbiome Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 80. Rest of South and Central America Human Microbiome Market, by Disease – Revenue and Forecast to 2028 (USD Million)
Table 81. Rest of South and Central America Human Microbiome Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 82. Organic Developments Done By Companies
Table 83. Inorganic Developments Done by Companies
Table 84. Glossary of Terms, Human Microbiome Market
LIST OF FIGURES
Figure 1. Human Microbiome Market Segmentation
Figure 2. Human Microbiome Market Segmentation, By Region
Figure 3. Global Human Microbiome Market Overview
Figure 4. Probiotics Segment Held the Largest Share of the Product Segment in Human Microbiome Market
Figure 5. Asia Pacific to Show Significant Growth During Forecast Period
Figure 6. Human Microbiome Market, by Geography (US$ Million)
Figure 7. Global Human Microbiome Market – Leading Country Markets (US$ Million)
Figure 8. Global Human Microbiome Market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe PEST Analysis
Figure 11. Asia pacific PEST Analysis
Figure 12. Middle East and Africa PEST Analysis
Figure 13. South and Central America PEST Analysis
Figure 14. Human Microbiome Market Impact Analysis of Driver and Restraints
Figure 15. Global Human Microbiome Market – Revenue Forecast and Analysis – 2020- 2028
Figure 16. Global Human Microbiome Market – By Geography Forecast and Analysis – 2021- 2028
Figure 17. Market Positioning of Key Players in Global Human Microbiome Market
Figure 18. Human Microbiome Market Revenue Share, by Product (2021 and 2028)
Figure 19. Foods: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Medical Food: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Probiotics: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Prebiotics: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Drugs: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Diagnostic Devices: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Supplements: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Human Microbiome Market Revenue Share, by Disease (2021 and 2028)
Figure 27. Diabetes: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Cancer: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Autoimmune Disorders: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Obesity: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mental Disorders: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Others: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Human Microbiome Market Revenue Share, by Application (2021 and 2028)
Figure 34. Therapeutics: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Diagnostics: Human Microbiome Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. North America: Human Microbiome Market, by Key Country – Revenue (2021) (USD Million)
Figure 37. North America Human Microbiome Market Revenue and Forecast to 2028 (USD Million)
Figure 38. North America: Human Microbiome Market, by Country, 2021 & 2028 (%)
Figure 39. US: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
Figure 40. Canada: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
Figure 41. Mexico: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
Figure 42. Europe: Human Microbiome Market Revenue Overview, by Country, 2021 (US$ MN)
Figure 43. Europe Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 44. Europe Human Microbiome Market Revenue and Forecasts to 2028, By Country (%)
Figure 45. Germany Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 46. UK Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 47. France Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 48. Italy Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 49. Spain Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 50. Rest of Europe Human Microbiome Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 51. Asia Pacific: Human Microbiome Market, by Key Country – Revenue (2021) (USD Million)
Figure 52. Asia Pacific Human Microbiome Market Revenue and Forecast to 2028 (USD Million)
Figure 53. Asia Pacific: Human Microbiome Market, by Country, 2021 & 2028 (%)
Figure 54. China: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
Figure 55. Japan: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
Figure 56. India: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
Figure 57. Australia: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
Figure 58. South Korea: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
Figure 59. Rest of Asia Pacific: Human Microbiome Market – Revenue and Forecast to 2028 (USD Million)
Figure 60. Middle East and Africa: Human Microbiome Market, by Key Country – Revenue (2021) (USD Million)
Figure 61. Middle East & Africa Human Microbiome Market Revenue and Forecast to 2028 (US$ Million)
Figure 62. Middle East and Africa: Human Microbiome Market, by Country, 2021 & 2028 (%)
Figure 63. Saudi Arabia: Human Microbiome Market– Revenue and Forecast to 2028 (US$ Million)
Figure 64. UAE: Human Microbiome Market– Revenue and Forecast to 2028 (US$ Million)
Figure 65. South Africa: Human Microbiome Market– Revenue and Forecast to 2028 (US$ Million)
Figure 66. Rest of Middle East and Africa: Human Microbiome Market– Revenue and Forecast to 2028 (US$ Million)
Figure 67. South and Central America: Human Microbiome Market, by Key Country – Revenue (2021) (USD Million)
Figure 68. South and Central America Human Microbiome Market Revenue and Forecast to 2028 (USD Million)
Figure 69. South and Central America: Human Microbiome Market, by Country, 2021 & 2028 (%)
Figure 70. Brazil: Human Microbiome Market– Revenue and Forecast to 2028 (USD Million)
Figure 71. Argentina: Human Microbiome Market– Revenue and Forecast to 2028 (USD Million)
Figure 72. Rest of South and Central America: Human Microbiome Market– Revenue and Forecast to 2028 (USD Million)
Figure 73. Impact of COVID-19 Pandemic In North American Country Markets
Figure 74. Impact of COVID-19 Pandemic In European Country Markets
Figure 75. Impact of COVID-19 Pandemic In Asia Pacific Country Markets
Figure 76. Impact Of COVID-19 Pandemic In Rest of the World Market
Figure 77. Impact Of COVID-19 Pandemic in Rest of the World Market
Figure 78. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - Human Microbiome Market
- Rebiotix Inc.
- Yakult Honsha Co., Ltd.
- Synthetic Biologics Inc.
- DuPont
- MaaT Pharma
- Eligo Bioscience
- Merck & Co. Inc
- AOBiome LLC
- Kaleido
- Seres Therapeutics
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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