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(Health-NewsWire.Net, October 20, 2020 ) The study involved two major activities in estimating the current market size of the Human Microbiome Research Technique Market. Exhaustive research was conducted to collect information on the market as well as its peer and parent markets.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Revenue Growth Expectations:
The global human microbiome market is projected to reach USD 1,731 million in 2027 from USD 942 million in 2024, at CAGR of 22.5 % during the forecast period.
Major Factors Feeding Global Industry Growth:
Market growth is largely driven by the increasing focus on the development of human microbiome therapy. It has also become a validated target for drug development. The growing number of collaborations between market players is expected to offer a wide range of growth opportunities for market players during the forecast period. However, a lack of expertise and detailed research on the human microbiome is restraining the growth of Human Microbiome Research Technique Market.
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Primary Research:
Primary sources were several industry experts from core-related industries and preferred suppliers, manufacturers, distributors, service providers, reimbursement providers, technology developers, and doctors. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary sources from the demand side include key opinion leaders in hospitals.
Secondary Research:
In the secondary research process, various sources such as directories, and databases (such as Bloomberg Business and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the global human microbiome market. These secondary sources include World Health Organization (WHO), Human Microbiome Project (HMP), Organisation for Economic Co-operation and Development (OECD), National Institutes of Health (NIH), Food and Drug Administration (FDA), ClinicalTrials.gov, Company Websites, Annual Reports, SEC Filings, Press Releases, Investor Presentations, Expert Interviews, and MarketsandMarkets Analysis.
Key questions addressed by the report:
# Who are the major market players in the human microbiome market?
# What are the regional growth trends and the largest revenue-generating regions for the market?
# What are the major drivers and challenges in the market?
# What are the major product segments in the market?
# What are the major technologies used in the human microbiome research spending market?
Geographical Growth
Europe to account for the largest share of the human microbiome market in 2022
On the basis of region, the global Human Microbiome Research Technique Market is segmented into four major geographies— North America, Europe, the Asia Pacific, and the Rest of the World (RoW). Europe is expected to account for the largest share of the global human microbiome market in 2022. The large share of this regional segment is mainly due to the high research activity in this region.
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raviraj.tak@marketsandmarkets.com
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