Product ID: SQMIG35H2196
Global Bacteriophage Market Size, Share, Growth Analysis, By Type(DsDNA Bacteriophage, SsDNA Bacteriophage), By Application(Animal Health, Agriculture) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2196 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
Global Bacteriophage Market Insights
Bacteriophage Market size was valued at USD 39.81 million in 2021 and is poised to grow from USD 41.72 million in 2022 to USD 60.71 million by 2030, growing at a CAGR of 4.5% in the forecast period (2023-2030).
The global bacteriophage market is gaining traction as a promising avenue for addressing antibiotic resistance and combating bacterial infections. Bacteriophages, or phages, are naturally occurring viruses that specifically target and infect bacteria, offering a potential alternative to traditional antibiotics. The market's growth is propelled by the rising concern over antibiotic-resistant bacteria, which pose a significant global health threat. Bacteriophages have garnered attention due to their high specificity, ability to evolve with bacteria, and minimal impact on beneficial microbiota. Phage therapy, the use of bacteriophages to treat bacterial infections, has shown promising results in preclinical and clinical studies. Research and development efforts are focused on identifying and isolating phages with therapeutic potential against various bacterial strains. Regulatory approvals for phage-based therapies have been granted in some regions, further bolstering market expansion. The market's future holds potential for growth as collaborations between pharmaceutical companies, research institutions, and regulatory bodies facilitate the development and commercialization of phage-based therapies. The ability of bacteriophages to target specific bacteria, reduce the risk of resistance, and offer personalized treatment options positions them as a valuable tool in the fight against antibiotic-resistant infections. Continued research, clinical trials, and regulatory advancements are expected to drive the Bacteriophage Market's evolution, making it a critical player in the global antimicrobial landscape.
US Bacteriophage Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Bacteriophage Market Report Snapshots
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