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.
The Global Bacteriophage Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Bacteriophage industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Bacteriophage market along with crucial statistical data about the Bacteriophage market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
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Key companies operating in the Bacteriophage market include:
ADM, Armata Pharmaceuticals, Inc., Proteon Pharmaceuticals, BiomX, Adaptive Phage Therapeutics, Biochimpharm JSC., CYTOPHAGE TECHNOLOGIES INC., ACD Pharma, ELIGO BIOSCIENCE., and Intralytix, Inc
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Bacteriophage market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Bacteriophage Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Bacteriophage Market Segmentation:
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
Bacteriophage Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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