JERSEY CITY, N.J., July 7, 2022 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. has announced the publication of a market research report titled "Global Live Biotherapeutic Product (LBP) Market (By Type of Product(Probiotic drugs, Other drugs), By Type of Molecule(Small molecules, Biologics), By Target disease indication(Graft Versus Host Disease, Necrotizing Enterocolitis, Primary Hyperoxaluria, Recurrent C. difficile Infection, Others), By Therapeutic area (Digestive and Gastrointestinal Disorders, Infectious Diseases, Rare Disorders, Others), By route of administration(Oral therapeutics, Rectal therapeutics))- Market Outlook and Industry Analysis 2030."
According to company's newest research, the Global Live Biotherapeutic Product (LBP) Market is worth US$ 355.9 Million in 2021 and is predicted to reach US$ 2608.0 Million in 2030, with a promising CAGR of 25.2% between 2022 and 2030.
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Live Biotherapeutics are a recognized new class of medicines which contains live organisms, such as bacteria. These live microbiome drugs can prevent, treat and cure the disease conditions of humans and potentially transform how we treat many diseases. These therapeutics do not contain any vaccine category. These microbes produce and consume numerous compounds that considerably impact our health and well-being. The reintroduction of beneficial microorganisms has the potential to act as clinically relevant therapies to re-establish and maintain a healthy microbiome. Importantly, LBPs will also have a biological impact by affecting the local ecosystem, other microbes, and their interactions with the host.
Over the forecast period, market growth is anticipated to be driven by expanding research and development efforts as well as a growing pipeline of microbiome-targeting therapies that are anticipated to treat a wide range of serious diseases. The market is developing due to increasing innovation and technological developments in developing new pharmaceuticals and clinical trial activities for illness treatment. During the forecast period, significant growth opportunities are anticipated due to rising government funding and an increased R&D budget for drug development. Over 640 patents focused on microbiome therapeutics were approved in during last 2 years.
Challenges related to ensuring compliance with good manufacturing practices (GMP), Associated Safety Issues with LBPs and capacity include limited availability of expertise, a lack of specialized infrastructure which need for excessive capital investment, and the requirement for high capital expenditure. These factors are expected to restrain the growth of the market. However, due to rising demand for new novel drugs and the significant burden of bacterial infection disease, North America is expected to experience rapid growth during the forecast period (2022-2030). Companies receive enormous funding for product development and research on Live Biotherapeutic ingredients.
The key players involved in live biotherapeutic products industry are Seres Therapeutics, Inc., Microbiotica, Enterome, Destiny Pharma plc, Taisho Pharmaceutical Holdings, AOBiome Therapeutics, Inc., Finch Therapeutics Group, Inc, Ferring Pharmaceuticals, Rebiotix Inc. (A Subsidiary of Ferring Pharmaceuticals), MaaT Pharma, Vedanta Biosciences Inc., OxThera AB, Pendulum Therapeutics, Caelus Health, Quorum Innovations, Sanofi S.A, DermBiont, Inc., EnteroBiotix Ltd, YSOPIA Bioscience, Winclove Probiotics, TargEDys, Evelo Biosciences, Inc., BiomX, Biomica Ltd., Scioto Biosciences, Inc., Lactobio A/S, Takeda Pharmaceutical Co. Ltd., Second Genome Therapeutics, Johnson and Johnson Inc., Kaleido Biosciences Inc., OptiBiotix Health Plc, PureTech Health Plc, Immuron Limited, Naked Biome, Synthetic Biologics, ExeGi Pharma, Nexbiome, Mybiotics Pharma LTD, 4D pharma plc, Axial Therapeutics, Inc., BrickBuilt Therapeutics, Siolta Therapeutics, Stellate Therapeutics, Sciotio Biosciences Inc, Rise Therapeutics, EverImmune S.A. and others.
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Key developments in the market:
Global Live Biotherapeutic Product (LBP) Market, by Type Of Product, 2022-2030 (Value US$ Mn)
Global Live Biotherapeutic Product (LBP) Market, by Type of Molecule, 2022-2030 (Value US$ Mn)
Global Live Biotherapeutic Product (LBP) Market, by Target disease indication, 2022-2030 (Value US$ Mn)
Global Live Biotherapeutic Product (LBP) Market, by Therapeutic area, 2022-2030 (Value US$ Mn)
Global Live Biotherapeutic Product (LBP) Market, by Route of administration, 2022-2030 (Value US$ Mn)
Global Live Biotherapeutic Product (LBP) Market, by Region, 2022-2030 (Value US$ Mn)
North America Live Biotherapeutic Product (LBP) Market, by Country, 2022-2030 (Value US$ Mn)
Europe Live Biotherapeutic Product (LBP) Market, by Country, 2022-2030 (Value US$ Mn)
Asia Pacific Live Biotherapeutic Product (LBP) Market, by Country, 2022-2030 (Value US$ Mn)
Latin America Live Biotherapeutic Product (LBP) Market, by Country, 2022-2030 (Value US$ Mn)
Middle East & Africa Live Biotherapeutic Product (LBP) Market, by Country, 2022-2030 (Value US$ Mn)
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