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Small Bacteriophage Market Anticipated to Grow Fast with CAGR of 17.92% - QYResearch Report

Author: QYResearch  |   Published Date: 2021-08-25   |   Views: 54



Phages, formally known as bacteriophages, are viruses that solely kill and selectively target bacteria. They are the most common biological entities in nature and have been shown to effectively fight and destroy multi-drug resistant bacteria. Namely, when all antibiotics fail, phages still succeed in killing the bacteria and may save a life from an infection. phage has many potential applications in human medicine as well as dentistry, veterinary science, and agriculture.

Bacteriophage is a type of virus that attaches itself to a bacterium and infects the host cell, subsequently destroying it. These microorganisms destroy their host cells through a natural process without interacting with human or animal cells. One of the most important sectors where the use of bacteriophages has emerged as very important is the poultry and aquaculture. While the use of bacteriophages in humans is still a rarity in modern medicine, their usage in animal husbandry, rearing poultry and fish is already showing positive results.

The Bacteriophage market is expected to grow at a significant rate owing to rising prevalence of antibiotic resistant infection, rising research activities for and development of novel therapies, etc. The global Bacteriophage market size is projected to reach US$ 85.09 million by 2027, from US$ 28.60 million in 2020, at a CAGR of 17.92% during 2021-2027.

 

The market for Bacteriophage is fragmented with players such as NPO Microgen, Proteon Pharmaceuticals, Phagelux, Intralytix, Micreos, Eliava BioPreparations, Locus Biosciences,Inc, Pharmex Group,LLC, Pherecydes Pharma, APS Biocontrol Ltd. (APS) , Qingdao Phagepharm Bio-tech,. Fixed-Phage Limited, Zeptometrix, Phage International, Inc., MicroMir, iNtODEWORLD, Inc., NEXTBIOTICS, Armata Pharmaceuticals, Inc., Innophage and so on. Among them, the top 5 manufacturers which include NPO Microgen, Proteon Pharmaceuticals, Phagelux, Intralytix, Micreos held about 34% revenue market share in 2020.

 

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