Global Microbial Therapeutic Products Industry Poised for 7.5% CAGR, Eyeing US$ 30.55 Billion Valuation by 2030 | FMI Insights

The Global Microbial Therapeutic Products Industry is on the brink of a transformative journey, with the market expected to surge from its 2022 valuation of US$ 17.11 billion to an impressive US$ 30.55 billion by the end of 2030. This substantial growth represents a projected Compound Annual Growth Rate (CAGR) of 7.5%, according to industry experts.

The microbial therapeutic products sector has witnessed notable advancements in recent years, driven by groundbreaking research, technological innovations, and an increasing demand for cutting-edge healthcare solutions. As the industry continues to evolve, the projected CAGR of 7.5% underscores a robust trajectory, affirming the sector’s potential to revolutionize healthcare practices globally.

Future Market Insights (FMI) global microbial therapeutic products report provides an exhaustive yet unbiased analysis of future growth projections, taking into account the aforementioned developments to provide a bird’s eye view of the landscape. According to the study, demand for microbial therapeutic products is likely to grow at a steady clip, driven chiefly by the growing incidence of antimicrobial resistance.

Over the years, the burden of antimicrobial resistance (AMR) has been escalating tremendously, besides the prevalence of chronic conditions. The World Health Organization observes high resistance rates have been observed against antimicrobials used for treating urinary tract infections and certain types of diarrhea. For example, the rate of resistance to ciprofloxacin ranged anywhere between 8.4% and 93% across 33 countries. It is apprehended that this burden is compounding further due to the COVID-19 pandemic. Hence, efforts are underway to accelerate research for discovering breakthroughs in microbial therapeutics.

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Key Takeaways

• By product, anti-cancer agents to capture nearly 30% of revenue by 2020-end, owing to prolific research breakthroughs
• By route of administration, injection pens account for 2 out of 5 sales, attributed to patient hygiene concerns
• By source, bacteria-based microbial therapeutic products remain preferred
• Oncology to remain the primary microbial therapeutic products application area, expanding at a Y-o-Y rate exceeding 5% through 2020
• Hospitals emerge as the primary microbial therapeutic end-users, attributed to the availability of adequate infrastructure
• North America to remain the market hegemon, East Asia to be the fastest growing market

“Prominent manufacturers are seeking regulatory approvals to accelerate research and development operations for developing effective drug solutions to address the compounding antimicrobial resistance problems,” remarks the FMI analyst.

Competitive Landscape:

Prominent players operating in the Global Microbial Therapeutic Products Industry are emphasizing acquiring regulatory approvals and forging partnerships and collaborations with competent authorities and biosimilars to capture substantial revenue shares across key regions.

Some reputed players operating within the global microbial therapeutic products landscape include Dr. Reddy’s Laboratories, Pfizer Inc., Sanofi SA, Merck & Co. Inc., Novartis AG, Novo Nordisk A/S, Abbott Laboratories, and Amgen Inc. to name a few.

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In November 2020, Dr. Reddy’s Laboratories announced a definitive agreement with Glenmark Pharmaceuticals Ltd. to acquire its anti-allergy brands Momat Rino, Momat Rino Advance, and Momat A to market them across Russia, Kazakhstan, and Uzbekistan respectively.

In December 2020, Novo Nordisk announced the acquisition of Emisphere Technologies to exercise ownership of its Eligen SNAC oral delivery technology. The acquisition shall accelerate its GLP-1 receptor agonist seaglutide’s production on a larger scale.

Key Segments of Global Microbial Therapeutic Products Industry Survey

Global Microbial Therapeutic Products Industry by Product:

• Growth Factors
• GCSF
• Peg GCSF
• Exenatide
• Anti-cancer Agents
• Immunosuppressants
• Enzymes
• Others

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Global Microbial Therapeutic Products Industry by Route of Administration:

• Single-use Pre-filled Injection/Injector Pens
• Multi-use Injectors
• Others

Global Microbial Therapeutic Products Industry by Source:

• Bacteria
• Fungi

Global Microbial Therapeutic Products Industry by Application:

• Metabolic Disorders
• Hematological Disorders
• Oncology
• Immunological Disorders
• Infectious Diseases
• Allergic Diseases
• Others

Global Microbial Therapeutic Products Industry by End User:

• Hospitals
• Pharmaceuticals & Biopharmaceutical Companies
• Research & Academic Institutions

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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