At 17.8% CAGR, South & Central America Human Microbiome Market is Projected to be Worth US$ 147.22 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the South & Central America human microbiome market was valued at US$ 39.65 million in 2023 and is expected to reach US$ 147.22 million by 2031, registering a CAGR of 17.8% from 2023 to 2031. Emergence of precision medicine and government initiatives are among the critical factors attributed to drive the South & Central America human microbiome market growth.

Customers are beginning to prioritize gut health when making dietary and lifestyle decisions, taking a more comprehensive approach. The next generation of personalized nutrition is centered on the microbiome, as its connections to immune function, overall mental health, and sleep hygiene are evident. Furthermore, due to recent developments in genomics and ongoing studies into the relationship between gut microbiota and physical fitness, consumer goods are now customized to meet the specific performance requirements of every athlete.

Precision medicine uses cutting-edge genomic sequencing methods to examine each patient's microbiome individually. This makes it possible to identify particular microbial communities and their roles, facilitating the development of individualized treatments and interventions catering to each patient's distinct microbiome composition. Microbiotica is a precision microbiome science and medicine biopharmaceutical company with a robust investor syndicate in the clinical stage. To fully utilize its cutting-edge microbiome platform, detect clinically significant microbiome signatures, and create precision microbiome treatments, Microbiotica is open to exploring strategic alliances.

The emergence of precision medicine is significantly reshaping understanding of the human microbiome, highlighting its critical role in health and disease management. As this field continues to evolve, it promises to transform traditional medical practices by incorporating a holistic view of the patient, including human and microbial factors, thereby fostering a more comprehensive approach to disease prevention and management.

On the contrary, challenges in microbiome production hamper the growth of the of South & Central America human microbiome market.

Based on type, the South & Central America human microbiome market is bifurcated into product and software and services. The product segment held 60.1% market share in 2023, amassing US$ 23.83 million. It is projected to garner US$ 82.46 million by 2031 to register 16.8% CAGR during 2023-2031. The product segment is further sub segmented into probiotics and prebiotics.

By application, the South & Central America human microbiome market is segmented into therapeutics, diagnostics, and research. The therapeutics segment held 59.0% share of South & Central America human microbiome market in 2023, amassing US$ 23.38 million. It is anticipated to garner US$ 88.04 million by 2031 to expand at 18.0% CAGR during 2023-2031.

By disease type, the South & Central America human microbiome market is segmented into obesity, diabetes, autoimmune disorder, cancer, GIT, and others. The GIT segment held 34.0% market share in 2023, amassing US$ 13.49 million. It is projected to garner US$ 52.50 million by 2031 to register 18.5% CAGR during 2023-2031.

By country, the South & Central America human microbiome market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 56.6% share of South & Central America human microbiome market in 2023. It was assessed at US$ 22.43 million in 2023 and is likely to hit US$ 86.44 million by 2031, registering a CAGR of 18.4% during 2023-2031.

Key players operating in the human microbiome market are MaaT Pharma; Ferring Holdings SA; AOBiome Therapeutics Inc; Finch Therapeutics Group Inc; Seres Therapeutics Inc; Merck & Co Inc; Rebiotix, Inc.; Yakult Honsha Co., Ltd.; IFF Nutrition & Biosciences; and Synthetic Biologics, Inc. among others.

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