The Global Phage Therapy Market size is projected to reach USD 84 million by 2027, from USD 29 million in 2020, at a CAGR of 17% during 2021-2027.
Bacteriophages, also known as phages or bacterial viruses, are a group of viruses that infect bacteria to treat bacterial infections. Bacteriophages can be used as an alternative to antibiotics when bacteria develop resistance. Bacteriophages are much more specific than antibiotics. They are generally harmless to the host organism as well as other beneficial bacteria such as the gut microbiota, reducing the chances of opportunistic infections. The presence of new pipeline drugs, strategic initiatives by market players and rising spending in the healthcare sector are expected to provide lucrative growth opportunities for the market. However, the high cost associated with treatment and the shortage of skilled professionals are factors that are expected to restrain the market growth during the forecast period.
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Market Segments
On the basis of the applications
- Animal Health
- Aquaculture
- Agriculture
- Food Industry
- Human Health
- Others
Key Players
- Proteon Pharmaceuticals
- Phagelux
- Eliava BioPreparations
- Locus Biosciences,Inc
- Pharmex Group,LLC
- Pherecydes Pharma
- APS Biocontrol Ltd. (APS)
- Qingdao Phagepharm Bio-tech
Scope of the Report
The research study analyzes the global Phage Therapy industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Phage Therapy Market is available at: https://www.orionmarketreports.com/phage-therapy-market/72188/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Phage Therapy Market Report
1. What was the Phage Therapy Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Phage Therapy Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Phage Therapy Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Phage Therapy market.
- The market share of the global Phage Therapy market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Phage Therapy market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Phage Therapy market.
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