BACTERIOPHAGE THERAPY MARKET ANALYSIS

Bacteriophage Therapy Market, By Targeted Bacteria (Escherichia coli, Staphylococcus aureus, Streptococcus, Pseudomonas aeruginosa, Salmonella, and Others), By Disease Indication (Urinary Tract Infections, Chronic Otitis, Dental Extraction, Chronic Ulcerative Colitis, Bone Infection, Wound and Skin Infections, Cystic Fibrosis, and Other, By Route of Administration (Oral, Topical, and Parenteral), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) and By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Restraints & Challenges:

Global Bacteriophage Therapy Market– Drivers

Increasing Prevalence of Infectious Diseases: The increasing prevalence of infectious diseases is expected to drive the growth of the global bacteriophage therapy market over the forecast period. For instance, in July 2022, according to data provided by the National Library of Medicine, the absolute number of cases of urinary tract infections (UTIs) increased by 60.40% from 252.25 million in 1990 to 404.61 million in 2019. Globally, 404.61 million cases, 236,790 deaths, and 520,200 disability-adjusted life years (DALYs) were estimated in 2019.
Increasing research and development activities: Increasing research and development activities by key market players to expand their product portfolio is expected to drive market growth over the forecast period. For instance, On January 12, 2023, Adaptive Phage Therapeutics, Inc. (APT), a clinical-stage biotechnology company, announced the first patient has been dosed in the PHAGE clinical study, an early-stage clinical trial evaluating bacteriophage therapy in adults with cystic fibrosis (CF) who carry Pseudomonas aeruginosa (P. aeruginosa) in their lungs.