Bacteriophage Therapy Market - Adoption of inorganic growth strategies by major key players Armata Pharmaceuticals, Inc., Eliava Biopreparations Ltd.

Coherent Market Insights released a new market study on 2021-2028 Bacteriophage Therapy Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. Report offering you more creative solutions that combine our deep geographic experience, intimate sector knowledge and clear insights into how to create value in your business. The research study provides estimates for 2021-2028 Bacteriophage Therapy Market Forecast till 2028*.

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Bacteriophages Therapy is a highly innovative form of complementary medicine. It is a treatment that involves the use of bacteria to heal the body. It can be effective in fighting viruses, infections, and diseases including influenza, viral arthritis, HIV, hepatitis, and cancer. In fact, studies have shown that when patients are treated with bacteriophages they have higher recovery rates and have lower complications than those who have remained untreated. The demand for bacteriophages has increased over the years with increase in cases of foodborne diseases. These foodborne diseases typically occur due to food spoilage. As per the World Health Organization (WHO), around 600 million cases of foodborne diseases and 420,000 deaths are recorded each year globally. As per the same source, 30% of foodborne deaths occur in children aged 5 years and below. Such factors can potentially augment growth of the bacteriophages therapy market.

Fatigue is a common symptom of both sinus and throat infections. Fatigue is often the first sign that the patient will experience and often other symptoms will follow such as nasal congestion, headache, fever, and the sensation that there is something "handed" within the nose. For this reason, Bacteriophages Therapy can be an extremely effective treatment and can help relieve many of the symptoms associated with an infection. Since there is high demand for these types of therapies, extensive research and development activities have been carried out. Key companies in the pharmaceutical and healthcare industries are focused on rigorous R&D activities, in order to come up with novel therapies and drugs. Thus, such activities can further stimulate growth of the bacteriophages therapy market in the near future.

Recently, in January 2021, Armata Pharmaceuticals, Inc., a U.S.-based biotechnology company, announced to invest US$ 20 million to support the advancement of the company’s bacteriophages development programs.

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Developed economies including the U.S. seem to be witnessing sharp growth in regards to the bacteriophages therapy market. This is typically due to that there is a high prevalence of foodborne diseases. As per the Centers for Disease Control and Prevention (CDC), around 48 million people get sick and 3,000 die from foodborne diseases each year in the U.S. On the contrary, Asia Pacific is exhibiting promising signs in the bacteriophages therapy market with the launch of new products.

That being said, there are certain aspects of this therapy that can limit its adoption on the global scale. Bacteriophages therapy is expensive and requires high-cost clinical testing with a high risk of product failure. Besides, physicians are required to have special training, in order to prescribe and use phages. Hence, such factors can impede growth of the bacteriophages therapy market in the near future.

Bacteriophage Therapy Market – Competitive Landscape

Key players functioning in the global prosthetic liners market consists of Armata Pharmaceuticals, Inc., Eliava Biopreparations Ltd., Pherecydes Pharma, Intralytix, Inc., Phagelux, Inc., Nextbiotics, InnoPhage, Ltd, Locus Biosciences, Inc., TechnoPhage, Eligo Bioscience SA, Phagomed Biopharma GmbH., PhagePro, Inc., Adaptive Phage Therapeutics, Enbiotix, Inc., Intodeworld, Inc., BiomX Ltd., Phi Therapeutics, Fixed-phage Ltd., Micreos BV, ContraFect Corporation, and OPTIPHARM Co., Ltd.

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Reasons to Purchase this Report

• Current and future of global Bacteriophage Therapy Market outlook in the developed and emerging markets • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period. • Regions/countries that are expected to witness the fastest growth rates during the forecast period • The latest developments, market shares, and strategies that are employed by the major market players

Major Point Answered in Bacteriophage Therapy Market Research Study are:

What will be the progress rate of the Bacteriophage Therapy Market for the conjecture period, 2021-2028?
What are the prominent factors driving the Bacteriophage Therapy Market across different regions?
Who are the major vendors dominating the Bacteriophage Therapy industry and what are their winning strategies?
What will be the market scope for the estimated period?
What are the major trends shaping the expansion of the industry in the coming years?
What are the challenges faced by the Bacteriophage Therapy Market?

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