The global bacteriophage market size was USD 43.52 Million in 2022 and is expected to register a steady revenue CAGR of 4.2% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of antibiotic-resistant bacteria and rising demand for personalized medicine and investments and research activities for the production of bacteriophage based treatments and medications are key factors driving market revenue growth.
Bacteriophages have been shown to be a powerful alternative to antibiotics, which are losing efficacy due to rapid growth and spread of resistance-forming genes. Topically, phage therapy has been utilized to treat secondary infected burn-mediated ulcers, infected diabetic foot ulcers, and other unexplained persistently infected wounds. Recent breakthroughs in phage genetic engineering enable the intentional modification of wild phage isolates to make them more suitable for therapeutic reasons by changing host specificity and/or increasing other traits on demand. Phage synthesis processes have evolved dramatically in the previous five years. In addition, increasing prevalence of antibiotic-resistant microorganisms is another key factor driving revenue growth of the market.
Global Bacteriophage Market research report offers a panoramic view of the Bacteriophage market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Bacteriophage market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
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The leading market contenders listed in the report are:
ADM, Armata Pharmaceuticals, Inc., Proteon Pharmaceuticals, BiomX, Adaptive Phage Therapeutics, Biochimpharm JSC., CYTOPHAGE TECHNOLOGIES INC., ACD Pharma, ELIGO BIOSCIENCE., and Intralytix, Inc
Key reasons to buy the Global Bacteriophage Market report:
- The latest report comprehensively studies the global Bacteriophage market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Bacteriophage Market
Product Type Outlook (Revenue, USD Million; 2019-2032)
- Phage Probiotics
- Phage Therapeutics
Route of Administration Outlook (Revenue, USD Million; 2019-2032)
- Oral
- Topical
- Others
Application Outlook (Revenue, USD Million; 2019-2032)
- Gastroenterology
- Respiratory Infections
- Skin Infection
- Wound Prophylaxis
- Urogenital Infection
- Others
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Regional Outlook of the Bacteriophage Market
The global Bacteriophage market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Bacteriophage market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Bacteriophage Market report:
- The latest report comprehensively studies the global Bacteriophage market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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