Increased Research Activities Open New Avenues that Drive Demand for Bacteriophage Market

The global bacteriophage market is projected to witness remarkable avenues for growth during the forecast period of 2018 to 2028, states the recent report published by TMR Research. In recent period, the companies engaged in the manufacturing of biotechnology products, food products, and chemicals have increased the use of bacteriophage. Key factor for this scenario is growing importance of bacteriophage in the bacterial fermentation process. As a result, the global bacteriophage market is witnessing new avenues for growth.

The report titled, “Bacteriophage Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028” highlights all the key factors supporting the growth of the market for bacteriophage. Thus, the latest report covers all the important growth factors, major trends, and key challenges of the global bacteriophage market in the upcoming period. Besides, size, share of key segments, factors shaping competitive landscape, and technological advances are systematically discussed in the report for the global bacteriophage market. This data intended to help all the key entities active in the market for bacteriophage.

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Increased Use in Diverse Applications Spurs Market Demand

In recent times, bacteriophages are high in demand in a wide range of industries. This scenario can be attributed to the increased use of bacteriophages in fresh cut fruits and vegetable, ready-to-eat meals, and dairy products. As a result, the market for bacteriophage is witnessing rising growth avenues. This aside, many research institutes are focused on comprehending the phage microbiology. This effort is expected to open up present applications of these species, including in drug discovery and development. All these factors signify diverse avenues fueling the growth of the global bacteriophage market during forecast period of 2018 to 2028.

Increased Research Activities Open New Avenues for Market Growth

The global bacteriophage market is fairly fragmented in nature. While the market holds the presence of many well-established players, there is increase in the number of entry of new vendors in the recent period. The players in the global bacteriophage market are chasing various strategies to deal with this highly competitive landscape. Many vendors are growing their efforts to strengthen their production capabilities. Besides, many vendors are growing their investments in developing advanced bacteriophage platforms. All these moves are supporting the growth of the global bacteriophage market.

Growing research activities are helping vendors to advance the quality of their products. By executing these moves, enterprises engaged in the global bacteriophage market are successfully meeting the requirements of the medical communities. Thus, the increased research activities will help the market for bacteriophage to expand its applications.

The list of key players in the global bacteriophage market includes VersatileBio, AmpliPhi Bioscience Corporation, Fixed-Phage Limited, Pherecydes Pharma, Microgen, and EnBiotix, Inc.

North America and Europe Lead Market for Bacteriophage

The global bacteriophage market is spread across five key regions, namely, Asia Pacific, North America, Middle East and Africa, Europe, and Latin America. Of them, North America is one of the key regions in the market for bacteriophage. One of the key reasons for the lucrative opportunities for the market growth is increased occurrence of antibiotic-resistant infections in this region. In addition, growth in efforts to develop drug pipelines based on phage therapy is expected to drive the demand for bacteriophage market in the developed regions including Europe and North America.

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In recent times, governments of many countries in the developing economies including Asia Pacific are taking initiatives to develop biotechnology infrastructures in these regions. This factor is projected to stimulate the growth of the bacteriophage market in Asia Pacific in the forecast period of 2018 to 2028.

Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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