Posted 3/13/2024, 12:30:00 PM
Microbiome Diagnostics Market Poised for Robust Growth Driven by Rising Demand and Healthcare Improvements
- Microbiome diagnostics market expected to reach $300 million by 2028, growing at 15.5% CAGR from 2023-2028
- Market growth driven by research collaborations and demand for personalized medicine
- Reagents and kits are the largest product segment, used repeatedly in diagnostic procedures
- Hospitals accounted for the largest market share due to rising disease prevalence
- Asia Pacific projected as fastest growing region owing to improving healthcare services and rising chronic disease rates