Industry Background:
Bacteriophages therapy is also called as phage therapy. The Bacteriophages therapy comes from science in which Bacteriophage means “bacteria eater” they are seen in soil, sewage, water, and other places bacteria live. Phage therapy used to treat bacterial infections. Its main use may be as an alternative to antibiotics when bacteria develop resistance. It has approved first clinical trial from FDA recently.This growth is primarily driven by Growing need for therapeutic Bacteriophages therapy they have advantages over antibiotics
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Diseases & Therapeutic Areas sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Armata Pharmaceuticals, Inc (United States), iNtODEWORLD, Inc (United States), Phage International, Inc (United States), Fixed-Phage Limited (United Kingdom), LOCUS BIOSCIENCES, INC (United States), Pherecydes Pharma (French), Adaptive Phage Therapeutics (United States), Intralytix, Inc (United States), PhagoMed Biopharma GmbH (Austria) and PHAGELUX, INC (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 5th September 2019, iNtRON announced that it will be collaborating with Estech Pharma for its eHeme development. The iNtRON Biotechnology and Estech Pharma today announced that they having collaboration with Estech Pharma on eHeme (engineered Heme) technology development. They will introduce new joint venture for further process.
On 12th September Armata Pharmaceuticals announced its development in New Synthetic Phage Candidate Targeting Pseudomonas aeruginosa. Recently Company announced that it has developed a new synthetic phage candidate targeting the pathogen Pseudomonas aeruginosa (also referred to herein as "Pseudomonas" or "P. aeruginosa") to treat patients with serious respiratory infections.The growing new therapies market increasing demand for bacteriophages therapy .The potential demand for alternative treatment on antibiotic is bacteriophage treatments .The top leading firms working on their research teams to develop clinical trial and get approval from FDA for market use of that particular trial. Also, an open option of mergers and acquisitions to enhance the business equations in the markets.
Regulatory Insights:
The FDA has not yet approved the bacteriophage-based therapy it has only cleared its first clinical trial .Also, Phage therapy is being used in the food industry, as U.S. Food and Drug Administration (FDA) has approved of some phage mixtures to help stop and reduce bacteria from growing in foods. Phage therapy in food prevents bacteria that can cause food poisoning; it will be great advantage for food industry.
Influencing Trend:
Growing research studies and ongoing clinical trials for same
Market Growth Drivers:
Growing need for therapeutic Bacteriophages therapy they have advantages over antibiotics and Potent used in various treatments as they directly target disease-causing bacteria
Challenges:
Not yet approved by FDA IN countries like United States or in Europe and High cost associated with treatment
Restraints:
Bacteriophages therapy not yet adopted and are not yet widely used
Opportunities:
Bacteriophages therapies are highly used in Russia, Georgia and Poland, Russia, extensive research and development soon began in this field and Best option available for processed foods to help prevent bacterial growth
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Bacteriophages Therapy Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Bacteriophages Therapy Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Bacteriophages Therapy players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Bacteriophages Therapy Study Sheds Light on
The Bacteriophages Therapy Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Bacteriophages Therapy industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bacteriophages Therapy industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.