Global Microbial Therapeutic Products Market: Overview
A microbe includes a wide range of living organisms like fungus, yeast, bacteria, and many others. These living organisms are microscopic in size. Biotechnology is a study of branch industrial microbiology that deals with microbial products. The microbes produce microbial products. Microbes are used in the preparation of various products like vinegar, wine, cheese, bread, and many others. Moreover, medicinal microbiology is widely utilized in the production of antibiotics, enzymes, amino acids, organic acids, vitamins, vaccines, and many other chemotherapeutic agents.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Global Microbial Therapeutic Products Market: Growth Factors
One of the major factors driving the growth of the global microbial therapeutic products market is the staggering prevalence of chronic disorders all across the globe. Various chronic diseases like cardiovascular issues, cancer, and diabetes are increasing rapidly around the world. Pharmaceutical companies are boosting their research to launch effective therapeutics medicine for treating them. The acknowledgment of the microbial role in the human body in managing various diseases has induced many pharmaceutical companies to procure the microbial therapeutic product for the treatment of chronic diseases. However, such emerging scenarios will propel the growth of the global microbial therapeutic products market significantly during the forecast period. Also, the growing geriatric population all across the globe is also contributing vigorously to the growth of the global microbial therapeutic products market. The transforming lifestyle of the people is causing various issues like high cholesterol which in turn need microbial therapeutic products for effective treatment. The growing technological advancements in the healthcare sector are also boosting the growth of the market globally. The growing funding from the government for developing such drugs is also bolstering the growth of the global microbial therapeutic products market.
Global Microbial Therapeutic Products Market: Segmentation
The global microbial therapeutic products market can be segmented into end-user, application, source, route of administration, product, and region.
By end-user, the market can be segmented into research & academic institutions, pharmaceutical & biopharmaceutical companies, and hospitals.
By application, the market can be segmented into allergic diseases, infectious diseases, immunological disorders, oncology, hematological disorders, metabolic disorders, and others. The oncology segment dominates the global market due to the growing incidences of cancer all across the globe.
By source, the market can be segmented into fungi and bacteria. The bacteria-sourced segment holds hegemony over others due to its wide availability all across the globe.
By route of administration, the market can be segmented into multi-use injectors, single-use prefilled injection, and others. The single-use prefilled injection segment holds the largest share in the global microbial therapeutic products market due to the widely used deployment method of delivering microbial therapeutic products to the human body.
By product, the market can be segmented into enzymes, immunosuppressants, anticancer agents, exenatide, peg GCSF, and growth factors. The anticancer agent accounts for the largest share in the global market due to the growing incidences of cancer all across the globe. Moreover, the advancements made in the oncology sector are paving a way for the growth of anticancer agents.
Global Microbial Therapeutic Products Market: Regional analysis
North America accounts for the largest share in the global microbial therapeutic products market due to the growing incidences of chronic diseases in the region. Moreover, the growing rate of regulatory approvals for biosimilar candidates is also fueling the growth of the regional market.
Europe holds the second-largest share in the global microbial therapeutic products market due to the growing non-communicable diseases like diabetes, mental disorder, and other chronic respiratory diseases in the region.
Asia Pacific is anticipated to witness huge growth during the forecast period due to the growing support from the government to lower the burden of infectious and chronic diseases in the region.
Global Microbial Therapeutic Products Market: Competitive Players
Some of the significant players in the global microbial therapeutic products market are Bristol-Myers Squibb Company, Boehringer Ingelheim, Sanofi S.A., Novo Nordisk A/S, Intas Pharmaceuticals Ltd., Dr. Reddy’s Laboratories Ltd., Eli Lilly and Company, Pfizer Inc., Biocon, Merck & Co. Inc., Abbott Laboratories, Amgen Inc., Novartis AG, F. Hoffmann La-Roche Ltd., and Mylan N.V.
Global Microbial Therapeutic Products Market: Regional Segment Analysis
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One of the major factors driving the growth of the global microbial therapeutic products market is the staggering prevalence of chronic disorders all across the globe. Various chronic diseases like cardiovascular issues, cancer, and diabetes are increasing rapidly around the world. Pharmaceutical companies are boosting their research to launch effective therapeutics medicine for treating them.
Some of the significant players in the global microbial therapeutic products market are Bristol-Myers Squibb Company, Boehringer Ingelheim, Sanofi S.A., Novo Nordisk A/S, Intas Pharmaceuticals Ltd., Dr. Reddy’s Laboratories Ltd., Eli Lilly and Company, Pfizer Inc., Biocon, Merck & Co. Inc., Abbott Laboratories, Amgen Inc., Novartis AG, F. Hoffmann La-Roche Ltd., and Mylan N.V.
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