Bacteriophage Therapy Market Increase In Transactional And Analytical Needs Across Several Industries 2028
Market Size and Analysis Worldwide, the prevalence of antibiotic resistance is rising, increasing the necessity for efficient substitutes. The CDC estimates that 33 000 persons in Europe are afflicted with antibiotic-resistant bacterial illnesses each year. There will likely be a significant increase in bacterial phage demand as antibiotic resistance is projected to spread globally. Bacteriophage therapy is also known as phage therapy. Viral agents are used to treat bacterial illnesses. The bacterial viruses known as bacteriophages. Phages are viruses that kill bacteria but are safe for plants, animals, and people. The natural enemies of bacteria are assumed to be bacteriophages. Sewage, water, soil, and other places where bacteria are present are home to bacteriophages. The global bacteriophage therapy market is estimated to be valued at US$ 1,148.6 million in 2020 and is expected to exhibit a CAGR of 3.7% over the forecast pe...