PUBLISHER: Value Market Research | PRODUCT CODE: 1547835
PUBLISHER: Value Market Research | PRODUCT CODE: 1547835
The global demand for Bacteriophage Therapy Market is presumed to reach the market size of nearly USD 74.28 Million by 2032 from USD 47.39 Million in 2023 with a CAGR of 5.12% under the study period 2024-2032.
Bacteriophage therapy or phage therapy utilizes bacteriophages to treat bacterial infections. Bacteriophage or phage is the type of virus that gets attached to the bacterial cell and injects viral genome or DNA into the bacterial cell. The viral genome takes the place of the bacterial genome and eventually stops further bacterial growth and infection. The bacterial cell with viral genome replicates bacteriophages. Bacteriophages are compared with antibiotics as both effectively kill infection-causing bacteria; however, bacteriophages are more specific in action than antibiotics. They do not harm host cells as well as to other beneficial bacteria such as gut flora in the host body. Bacteriophages are an alternative therapy to antibiotics as many infectious bacteria are now resistant to the regularly used broad-spectrum antibiotics.
The factors that are driving the global bacteriophage market are the increasing prevalence of air, water, and foodborne bacterial infection, and increasing incidences of antibiotic resistance. Besides, there are almost nil or few side effects of bacteriophage therapy. This factor is supporting the global market. Moreover, extensive R & D on bacteriophage therapy by private as well as government sectors is further fuelling the global market. During the COVID-19 pandemic, the bacteriophage therapy market is likely to expand as the entire global focus is on the development of new treatment therapies for infections.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Bacteriophage Therapy. The growth and trends of Bacteriophage Therapy industry provide a holistic approach to this study.
This section of the Bacteriophage Therapy market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Bacteriophage Therapy market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Bacteriophage Therapy market include PhagePro Inc., Enbiotix Inc., TechnoPhage SA, Eligo Bioscience SA, Armata Pharmaceuticals Inc., ContraFect Corporation, Phagomed Biopharma GmbH., Eliava Biopreparations Ltd., Fixed-Phage Ltd., Intodeworld Inc., Pherecydes Pharma, BiomX Ltd., Adaptive Phage Therapeutics, Intralytix Inc., Phagelux Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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