Industry Background:
Phage therapy is another name for bacteriophage therapy. For the treatment of bacterial illnesses, viruses are required. Bacteriophages or phages are bacterial viruses. Phages are bacteria-fighting viruses that are harmless to animals, plants, and humans. Bacteriophages are thought to be bacteria's natural enemies. Bacteriophages can be found in soil, water, sewage, and other environments where bacteria are present. Antibiotic phage therapy is gaining popularity as a treatment option. As a result, phage treatment is defined as the therapeutic use of lytic bacteriophages to treat pathogenic bacterial illnesses. Phage Therapy is highly particular to the bacteria it is used to kill. Because bacteriophages do not directly influence human cells, their use is tailored at a single bacterial species, minimizing off-target effects on the microbiome or human patient. Because of the rising occurrence of drug-resistant diseases, increased research, and product development, the Phage Therapy market is booming. The high cost of phage therapy and a scarcity of experienced experts, on the other hand, are likely to stifle the worldwide bacteriophage therapy market's expansion.
This growth is primarily driven by Increase in Prevalence of Foodborne Diseases and Growing Research and Development Activities.
Globally, a noticeable market trend is evident Increasing Prevalence of Antibiotic-Resistant Infections. Major Players, such as Locus Biosciences (United States), Armata Pharmaceuticals(United States), Micreos BV (Netherlands), Pherecydes Pharma (France), Intralytix, Inc(United States), Phagelux, Inc (China), Nextbiotics(United States), TechnoPhage (Portugal), Eligo Bioscience SA (France) and Phagomed Biopharma GmbH (Austria) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
February 2021 – Locus Biosciences completes a first-of-its-kind controlled clinical trial for CRISPR-enhanced bacteriophage therapy.
Market Drivers
- Increase in Prevalence of Foodborne Diseases
- Growing Research and Development Activities
Market Trend
- Increasing Prevalence of Antibiotic-Resistant Infections
Restraints
- Stringent Regulatory Factors
Opportunities
Adoption of Inorganic Growth Strategies by Major Key Players and Growth Opportunities in Untapped Market
Challenges
Presence of alternative treatment and High Cost of Therapy
AMA Research follow 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 mostly 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 showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include 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, Phage Therapy Study Sheds Light on
The Phage Therapy Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Phage Therapy industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Phage Therapy industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey 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 value they currently claim, or capture the new addressable opportunity.