Microbiome Therapeutics Market Share

North American Market Forecast

The North American microbiome therapeutics market, amongst the market in all the other regions, is projected to hold the largest market share of about 40% by the end of 2037. The growth of the market can be attributed majorly to the significant presence of numerous established research facilities in the region for the development of novel therapeutics, followed by the rising healthcare expenditure and the presence of a population who are highly conscious of their health. Based on the figures provided by the Center for Medicine and Medicaid Services (CMS), In 2021, healthcare spending in the United States increased by 2.7% to USD 4.3 trillion, or USD 12,914 per person. This healthcare expenditure accounted for 18.3% of the nation's gross domestic product. Further, the huge surge in the proportion of aged people, as well as the rise in the requirement for crohn’s disease treatment is also a significant factor that is estimated to radically proliferate the market growth further during the forecast period in the region. 

Europe Market Forecast

The European microbiome therapeutics market, amongst the market in all the other regions, is projected to hold the second largest share of about 29% during the forecast period. The growth of the market can be attributed majorly to the presence of well-established research centers along with advantageous reimbursement policies. In addition to this, increasing approval for novel medications, and the huge ratio of investments received by start-ups for the research and development of microbiome-based products is another significant factor that is projected to propel the market growth further throughout the forecast period in the region.   

APAC Market Statistics

Further, the market in the Asia Pacific region, amongst the market in all the other regions, is projected to hold a considerable share of about 14% by the end of 2037. The growth of the market can be attributed majorly to the escalating occurrence of inflammatory bowel disease, followed by the surge in diabetes cases in the region. In addition to this, rising initiatives for biological research in various countries in the region, coupled with the escalating awareness about novel therapeutics are also estimated to drive market growth further throughout the forecast period in the region.