Bacteriophages Therapy Market Industry Trends, Growth, Industry Research Update, Latest Innovation, Sales Revenue By Regional Forecast to 2029

Bacteriophages Therapy market report emphasizes key market dynamics of Bacteriophages Therapyindustry and covers historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Moreover, this market research report provides thorough overview of the market where it identifies industry trends, determines brand awareness and its influence, provides industry insights and offers competitive intelligence. The report has been prepared with the systematic gathering and analysis of information about individuals or organizations conducted through social and opinion research. With the reliable Bacteriophages Therapy market report it becomes easy to build a strong organization and make better decisions that take the business on the high level of success.Moreover, it also contains all the information including market definition, classifications, key developments, applications, and engagements along with the detailed actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue, and CAGR values.

Data Bridge Market Research analyses that the bacteriophages therapy market was valued at USD 39.80 million in 2021 and is expected to reach USD 64.40 million by 2029, registering a CAGR of 6.20% during the forecast period of 2022 to 2029.

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Main key players included in this report:

Microgen (U.S.), Micreos (Netherlands), ATCC (U.S.), Intralytix, Inc. (U.S.), Adaptive Phage Therapeutics (U.S.), Armata pharmaceuticals Inc. (U.S.),LOCUS BIOSCIENCES, INC. (U.S.), Delmont Laboratories, Inc. (U.S.), Nextbiotics (U.S.), Pherecydes Pharma (France), iNtODEWORLD. Inc. (U.S.), Enbiotix (U.S.), Fixed-Phage Limited (U.K.), Cytophage Technologies Inc. (Canada), Eliava Bio Preparations LTD (Georgia), Phagelux, Inc. (China), InnoPhage, Ltd (Hong Kong), TechnoPhage (Portugal), Eligo Bioscience SA (France), BiomX Ltd. (Israel)

The study is segmented as follows:

Target (Escherichia Coli, Staphylococcus, Streptococcus, Pseudomonas, Salmonella, Others), Type (Lytic, Lysogenic), Base (Sterile Broth Culture, Water-Soluble Jelly Base), Application (Bacterial Dysentery, Infections Of Skin And Nasal Mucosa, Suppurative Skin Infection, Lung And Pleural Infections, Postoperative Wound Infections, Others), Route Of Administration (Oral, Parenteral, Rectal, Dermal, Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others)

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Market Definition

Bacteriophages, are viruses that kill and target bacteria exclusively. They're one of the most frequent biological entities capable of fighting and killing multidrug-resistant bacteria. When all other antibiotics have failed to treat an infection, phages can eliminate the bacteria causing the infection, allowing medical experts to save a life. Bacteriophages are being considered an antibiotic replacement. Viruses are employed in this therapy to inject their genetic material into bacteria and grow using their host machinery. This phage therapy is utilized in the body of patients to cure or prevent bacterial diseases. Bacteriophage therapy is also important in the disciplines of molecular biology and technological research. These characteristics broaden the possibility for medication development. Bacteriophages are also termed as Phages.

Bacteriophages Therapy Market Dynamics
Drivers

High prevalence rate of foodborne diseases
The rise in prevalence rate of foodborne diseases across the globe will act as a major driver that will result in the expansion of the market's growth rate. Foodborne infections caused by spoiled food are becoming more common. Pathogenic bacteria and viruses are present in spoiled food. According to the WHO, about 600 million people (almost one out of every ten people on the planet) will become ill and 420,000 will die as a result of contaminated food in 2019, resulting in the loss of 33 million healthy life years (DALYs). Furthermore, children under the age of five years bear 40% of the burden of foodborne disease, with 125,000 deaths every year. This aspect is propelling the bacteriophages therapy market forward.

Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of bacteriophages therapy market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.

Growing prevalence of antibiotic-resistant infections
Growing prevalence of antibiotic-resistant infections is expected to enhance the market's growth. The rising prevalence of antimicrobial-resistant infections has resulted in increased healthcare spending for their treatment and an increase in the number of deaths. According to the Centers for Disease Control and Prevention (CDC), approximately 2 million people in the United States will contract an antibiotic-resistant infection in 2019, with at least 23,000 people dying each year. As per the World Health Organization, over 490,000 persons worldwide were infected with multidrug-resistant tuberculosis in 2016. This drug resistance complicates the management of people suffering from other diseases including malaria and HIV.

The report answers questions similar to:

What are the strategic modes and moves considered suitable to enter into the Bacteriophage Therapy industry?

What is the strategic competitive window for openings in the Bacteriophage Therapy Market?

What are the products/parts/operations/areas to invest during the launch period in the Bacteriophage Therapy industry?

What are the inhibiting factors and the impact of COVID-19 shaping the Bacteriophage Therapy market during the launch period?

What are the technological trends and non-supervisory tissues in the Bacteriophage Therapy market?

What is the Application Size and Forecast of the Bacteriophage Therapy Market?

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Bacteriophages Therapy market research report leads to business growth

• Bacteriophages Therapy market research report takes into account several industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company.
• The market insights and analysis provided in this market report are based upon SWOT analysis on which businesses can trust confidently.
• It consists of most-detailed market segmentation, systematic analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets.
• Bacteriophages Therapy report is prepared by chewing over several fragments of the present and upcoming market scenario.
• The market report can be customized to include price trend analysis of target brands understanding of the market for additional countries (ask for the list of countries), literature review, refurbished market and product base analysis.

Bacteriophages Therapy Market Regional Analysis/Insights

The bacteriophages therapy market is analysed and market size insights and trends are provided by country, target, type, base, application, route of administration, end-user, and distribution channel as referenced above.

The countries covered in the bacteriophages therapy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

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