The global microbial therapeutic products market size is anticipated to register a compound annual growth rate (CAGR) of 6.7% during the forecast period i.e., 2020-2025. Moreover, the global microbial therapeutic products market is projected to capture a market opportunity of USD 57.9 Million between 2020 & 2025.
Increasing Incidence of Chronic Diseases
Over the past years, the incidences of chronic diseases have grown at a considerable rate and According to the WHO, it is projected to grow by 57.0% by the end of 2020. Thus, with the increase in cases of chronic diseases such as cardiovascular problems, diabetes, cancers, and asthma along with the growing number of geriatric populations across the globe, the market for microbial therapeutic products is envisioned to grow in the upcoming years. Further, Asian countries such as China and India are showing noteworthy growth opportunities for the market to grow since the major population is suffering from diseases such as asthma, CVDs, high cholesterol, or diabetes. This is expected to drive the growth of the market in the region.
The global market for microbial therapeutic products is segmented by product type, source, application, and end-user. On the basis of product type, the market is segmented into anti-cancer agents, immuno-suppressants, enzymes, and others, out of which, the anti-cancer agents segment is expected to grow at a considerable CAGR over the forecast period, i.e., 2020-2025. Further, it was followed by the enzymes segment in terms of market share in 2019.
By source, the market is divided into bacteria, fungi, and others, out of which, bacteria segment is envisioned to register a higher revenue share in the global market over the forecast period. Apart from this, the fungi segment is projected to attain a noteworthy CAGR over the upcoming years.
Based on application, the market is segregated into oncology, metabolic disorders, hematological disorders, immunological disorders, infectious diseases, allergic diseases, and others, out of which, the oncology segment is anticipated to attain the highest market share in the overall market over the upcoming years. In addition, the immunological disorders segment is projected to thrive at a significant CAGR over the forecast period i.e. 2020-2025. Moreover, on the basis of end-user, the market is segmented into hospitals, pharmaceuticals & biopharmaceutical companies, and research & academic institutions.
In terms of geography, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the microbial therapeutic products market, Asia Pacific is predicted to capture a considerable market share over the forecast period. Further, factor such as the rising presence of leading and prominent pharmaceuticals companies in the region is expected to drive the growth of Asia Pacific market. Further, the North America market is driven on the back of increasing healthcare expenditure and growing research facility for the development of novel therapeutics in the region and is anticipated to grow at a notable compound annual growth rate (CAGR) from 2020 to 2025.
The report also covers a detailed competitive analysis of major market players of global microbial therapeutic products market, such as Pfizer Inc., Biocon Limited, Merck & Co. Inc., Amgen Inc., Novartis AG, F. Hoffmann La-Roche Ltd., Mylan N.V., Intas Pharmaceuticals Ltd., Novo Nordisk A/S, Dr. Reddy’s Laboratories Ltd., and other major & niche players. The global microbial therapeutic products market is witnessing a wide range of industry activities such as product launch, advancement, partnership, merger & acquisition, research & development, and expansion across the globe.
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By Product Type:
- Anti-cancer Agents
- Metabolic Disorders
- Haematological Disorders
- Immunological Disorders
- Infectious Diseases
- Allergic Diseases
By End User:
- Pharmaceuticals & Biopharmaceutical Companies
- Research & Academic Institutions
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and the Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa)
The report profiles various major market players such as
- Pfizer Inc.
- Biocon Limited
- Merck & Co. Inc.
- Amgen Inc.
- Novartis AG
- F. Hoffmann La-Roche Ltd.
- Mylan N.V.
- Intas Pharmaceuticals Ltd.
- Novo Nordisk A/S
- Dr. Reddy’s Laboratories Ltd.
- Other Major & Niche Players
Competitive landscape analysis provides a detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides the company’s positioning and market share in the microbial therapeutic products market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges, and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis
Industry report analyzes the global microbial therapeutic products market by the following segments:
- Product Type
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Microbial Therapeutic Products Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- What are the impact of Coronavirus Disease (COVID-19) on the market and the upcoming changes in the market?
- Which region would have a high demand for products in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?