Coherent Market Insights recently published an in depth study of Bacteriophages Therapy Market covering interesting aspects of the market with supporting development scenarios starting from 2021-2027. The report delivers the clean elaborated structure of the Market comprising each and each business-related information of the market at a worldwide level. the entire range of data associated with the worldwide Market is obtained through various sources and this obtained bulk of the knowledge is arranged, processed, and represented by a gaggle of specialists through the appliance of various methodological techniques and analytical tools like SWOT analysis to get an entire set of trade-based study regarding the Bacteriophages Therapy.
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This report assesses the growth rate and the market value on the basis of the key market dynamics, as well as the growth inducing factors. The complete study is based on the up-to-date industry news, growth potentials, and Market trends. It also contains an in-depth analysis of the market and competitive scenario, together with the analysis of the leading competitors.
Bacteriophages Therapy is a highly innovative form of complementary medicine. It is a treatment that involves the use of bacteria to heal the body. It can be effective in fighting viruses, infections, and diseases including influenza, viral arthritis, HIV, hepatitis, and cancer. In fact, studies have shown that when patients are treated with bacteriophages they have higher recovery rates and have lower complications than those who have remained untreated. The demand for bacteriophages has increased over the years with increase in cases of foodborne diseases. These foodborne diseases typically occur due to food spoilage. As per the World Health Organization (WHO), around 600 million cases of foodborne diseases and 420,000 deaths are recorded each year globally. As per the same source, 30% of foodborne deaths occur in children aged 5 years and below. Such factors can potentially augment growth of the bacteriophages therapy market.
Fatigue is a common symptom of both sinus and throat infections. Fatigue is often the first sign that the patient will experience and often other symptoms will follow such as nasal congestion, headache, fever, and the sensation that there is something “handed” within the nose. For this reason, Bacteriophages Therapy can be an extremely effective treatment and can help relieve many of the symptoms associated with an infection. Since there is high demand for these types of therapies, extensive research and development activities have been carried out. Key companies in the pharmaceutical and healthcare industries are focused on rigorous R&D activities, in order to come up with novel therapies and drugs. Thus, such activities can further stimulate growth of the bacteriophages therapy market in the near future.
Recently, in January 2021, Armata Pharmaceuticals, Inc., a U.S.-based biotechnology company, announced to invest US$ 20 million to support the advancement of the company’s bacteriophages development programs.
Developed economies including the U.S. seem to be witnessing sharp growth in regards to the bacteriophages therapy market. This is typically due to that there is a high prevalence of foodborne diseases. As per the Centers for Disease Control and Prevention (CDC), around 48 million people get sick and 3,000 die from foodborne diseases each year in the U.S. On the contrary, Asia Pacific is exhibiting promising signs in the bacteriophages therapy market with the launch of new products.
That being said, there are certain aspects of this therapy that can limit its adoption on the global scale. Bacteriophages therapy is expensive and requires high-cost clinical testing with a high risk of product failure. Besides, physicians are required to have special training, in order to prescribe and use phages. Hence, such factors can impede growth of the bacteriophages therapy market in the near future.
The key players are highly focusing on innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in optimal strategies. Few Market Key Players are Armata Pharmaceuticals, Inc., Eliava Biopreparations Ltd., Pherecydes Pharma, Intralytix, Inc., Phagelux, Inc., Nextbiotics, InnoPhage, Ltd, Locus Biosciences, Inc., TechnoPhage, Eligo Bioscience SA, Phagomed Biopharma GmbH., PhagePro, Inc., Adaptive Phage Therapeutics, Enbiotix, Inc., Intodeworld, Inc., BiomX Ltd., Phi Therapeutics, Fixed-phage Ltd., Micreos BV, ContraFect Corporation, and OPTIPHARM Co., Ltd.
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Some Important TOC:
Global Market Landscape by Player
Global Production, Revenue (Value), Price Trend by Type
Market Analysis by Application
Global Production, Consumption, Export, Import by Region (2013-2021)
Production, Revenue (Value) by Region (2013-2021)
Industrial Chain, Sourcing Strategy and Downstream Buyers
Global Market Forecast (2021-2027)
Research Findings and Conclusion
The following queries are answered in this comprehensive document:
1. What is the market size of the global and regional levels?
2. Which are the top countries and what is their market size?
3. Which are the growth opportunities in the coming years?
4. Which are the top players and what is their market share?
5. Which are the risk factors affecting market growth?
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