Bacteriophages Market Size to Soar to US$ 41.1 Million by 2030, Driven by Antibiotic Resistance, RationalStat Report Reveals

The global bacteriophage market is expected to reach US$ 41.1 million by 2030, with an annual growth rate of more than 5.5%.

According to RationalStat's most recent industry analysis, the Global Bacteriophage Market value is estimated at US$ 28.3 million in 2023 and is expected to rise at a strong CAGR of over 5.5% over the forecast period of 2023-2030.

Market Definition, Market Scope, and Report Overview

A bacteriophage, commonly referred to as a phage, is a type of virus that infects and replicates within bacteria. Unlike typical viruses that infect eukaryotic cells, bacteriophages specifically target bacteria. They are composed of genetic material (either DNA or RNA) enclosed in a protein coat. Bacteriophages play a crucial role in regulating bacterial populations and have gained attention for their potential applications, contributing to the growing global interest in the field of phage therapy.

The increasing awareness of the potential applications of bacteriophages has attracted investments and led to the establishment of startups focused on phage-based therapies and products, driving market growth.

According to a deep-dive market assessment by RationalStat, the global bacteriophage market has been analyzed on the basis of market segments, including target bacteria, type, base, application, route of administration, distribution channel, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
• Market intelligence for the global bacteriophage market covers market sizes on the basis of market value (US$/EUR Million), volume (Kg) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global bacteriophage market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Bacteriophage Market: Segmental and Market Share Analysis
• Based on type, the lytic phages segment is anticipated to dominate the global market as it kills its host bacteria immediately after infection. This segment will dominate the global market with the largest market share.
• On the basis of application, Human therapy is the largest dominating segment of the global bacteriophage market.

Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 28.3 million
Market Size Forecast US$ 41.1 million
Growth Rate 5.5%
Dominant Segment Lytic Phages
Dominant Region Asia Pacific

Key Market Drivers
• Increasing antibiotic resistance infections
• Innovation of new drug therapy

Companies Profiled
• Armata Pharmaceuticals, Inc.
• Eliava Biopreparations Ltd.
• Pherecydes Pharma
• Intralytix, Inc.
• Phagelux Inc.
• Nextbiotics
• InnoPhage, Ltd
• Locus Biosciences, Inc.
• TechnoPhage
• Eligo Bioscience SA

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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global bacteriophage market include.

Some of the prominent players and suppliers operating and contributing significantly to the global bacteriophage market growth include Armata Pharmaceuticals, Inc., Eliava Biopreparations Ltd., Pherecydes Pharma, Intralytix, Inc., Phagelux Inc., Nextbiotics, InnoPhage, Ltd, Locus Biosciences, Inc., TechnoPhage, and Eligo Bioscience SA, among others.

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RationalStat has segmented the global bacteriophage market based on target bacteria, type, base, application, route of administration, distribution channel, end user and region
• Global Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Target Bacteria
o Gram-Positive Bacteria
o Gram-Negative Bacteria
o Others
• Global Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Type
o Lytic Phages
o Lysogenic Phages
• Global Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Base
o Natural Phages
o Synthetic Phages
• Global Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Application
o Human Therapy
o Animal Therapy
o Food Safety
• Global Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Route of Administration
o Oral
o Topical
o Parenteral
• Global Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Distribution Channel
o Direct Sales
o Indirect Sales
• Global Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by End User
o Hospitals
o Clinics
o Research Institutions
• Global Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Region
o North America Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Region
 US
 Canada
o Latin America Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Region
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Region
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Region
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Region
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Bacteriophage Market Value (US$ Million), Volume (Kg) and Market Share (2019-2030) Analysis by Region
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Bacteriophage Report:
• What will be the market value of the global Bacteriophage market by 2030?
• What is the market size of the global Bacteriophage market?
• What are the market drivers of the global Bacteriophage market?
• What are the key trends in the global Bacteriophage market?
• Which is the leading region in the global Bacteriophage market?
• What are the major companies operating in the global Bacteriophage market?
• What are the market shares by key segments in the global Bacteriophage market?

Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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