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Bacteriophage Market Expected To Exhibit Steady Growth

The latest market report published by Credence Research, Inc. “Bacteriophage Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global bacteriophage market was valued at US$ 567.9 Mn in 2017 expanding at a CAGR of 3.9% from 2018 to 2026.

The complete report is available at https://www.credenceresearch.com/report/bacteriophage-market

Recently, bacteriophages or phages have been recognized as an efficient tool in modern biotechnology through a multitude of researches advocating the potential usage of bacteriophages across several applications. Researchers have also proposed bacteriophages as a viable alternative to antibiotics for several antibiotic-resistant bacterial strains. They can also be used as biocontrol agents in petroleum and agriculture industry.

Bacteriophages have unique application in the petroleum industry as bacterial fouling often leads to serious damage to gas pipelines, devaluating the products and therefore increasing capital expenses.

Additionally, bacteriophages can also be used as vaccine vehicles, for detection of pathogenic bacterial strain and as display systems (phage displays) for several antibodies and proteins.

Bacteriophages present a diverse group of viruses that can be conveniently manipulated and thus have significant application in research, therapeutics and biotechnology. Phages not just control the bacterial population, but also contribute to moving genes from one bacterium to another. Therefore, the study of bacteriophage particles offers insights into genome evolution, bacterial evolution, DNA expression and copying, and thus development of new biotechnologies.

Globally, the incessant growth in bacterial resistance to the majority of antibiotics is becoming a new driving factor for phage therapy that uses lytic phage particles as these entities are devoid of metabolic operation and do not have affinity to eukaryotic cells. Furthermore, utilization of bacteriophage particles in phage vaccination is also emerging as one of the promising preventive strategies currently under research.

Other major areas where bacteriophages are finding renewed focus are bacterial biosensing devices, phage-display based selection of biological affinity molecules, food biopreservation, food safety, biocontrol of plant pathogens, corrosion control and biofilm control.

Key Market Movements:

- Growing R&D and funding for investigating bacteriophage therapy for clinical application

- Ongoing clinical trials for bacteriophage therapy for multidrug resistant bacterial infections and regulatory approvals for the same

- Increasing applications of bacteriophage in food, environment and veterinary applications

-  Ongoing research for establishing bacteriophage as an effective vaccine delivery system

The complete report is available at https://www.credenceresearch.com/report/bacteriophage-market