The growing incidence of bacterial infections has emerged as a source of growth within the global bacteriophage market.
The growing incidence of bacterial infections has emerged as a source of growth within the global bacteriophage market. In the contemporary times, several diseases and infections have come to affect the masses. This factor has increased the level of seriousness to treat infectious and bacterial infections in recent times. Furthermore, there is growing importance of new-age technologies for inhibiting the spread of viral and bacterial infections. Therefore, the next decade is slated to witness new opportunities for growth within the global bacteriophage market. The quest of the medical fraternity to develop a sound platform for diagnosing, treating, and controlling bacterial infections shall drive market demand.
In this blog, TMR Research attempts to give a concise account of the trends and opportunities that have aided market growth.
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This has opened an altogether promising avenue in medical science as phage therapy to fight against drug-resistant microbes. This has inflamed interest of the medical community, especially in the U.S. Recently this year, doctors at a hospital in the U.S. used phage therapy to successfully treat a patient diagnosed of infected with multi-drug resistant bacteria. This event kindled interest among the academia and various corporates to leverage the technology of using specific bacteriophages for tailored phage therapy. A biotechnology company, Adaptive Phage Therapeutics, has teamed up with Children's National - Main Hospital to develop a large repository of bacteriophages. A large clinical trial is expected in the not-so-distant future. Such efforts will explore the clinical applications and therapeutic efficacy of bacteriophage therapy, especially in pediatrics.
Need to Control Phage to Drive Market Demand
The replication of phage along with the bacteria causes severe problems for the sufferers. This replication follows a progressive trajectory, and this spread of the virus can be extremely distressing and harmful in the long run. Bacteriophage is a ubiquitous virus, and it can exist in all areas near bacterial cavities. Over the course of the next decade, the total volume of revenues within the global bacteriophage market is slated to increase.
Advancements in Healthcare Treatments to Aid Market Maturity
The total volume of revenues within the global bacteriophage market is slated to rise in the years to follow. Research related to bacterial infections has gained momentum in recent times, and several new discoveries have come to the fore. As new lines of treatment come to the fore of the market, fresh revenues within the global bacteriophage market could be generated. Rising incidence of asthma, COPD, and other pulmonary disorders has shifted the focus of the medical industry from basic bacterial research to development of high-end treatment lines.
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The rising prevalence of antibiotic-resistant infections and industry efforts to develop drug pipelines based on phage therapy will present substantial lucrative avenues in developed regions such as North America and Europe. These efforts will be fueled by the rapid advances being made in biotechnology and genomics. Meanwhile, developing economies such as in Asia Pacific are expected to be promising supported by the government initiatives to develop biotechnology infrastructures.
Key Players Analysis:
Several players are also investing in developing advanced bacteriophage platforms. Some of the prominent players in the bacteriophage market are AmpliPhi Bioscience Corporation, VersatileBio, Pherecydes Pharma, Fixed-Phage Limited, EnBiotix, Inc., and Microgen.
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