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Worldwide Bacteriophage Industry to 2026 - Research to Establish Bacteriophage as An Effective Vaccine Delivery System Presents Opportunities
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Worldwide Bacteriophage Industry to 2026 - Research to Establish Bacteriophage as An Effective Vaccine Delivery System Presents Opportunities
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Bacteriophage Market Analysis: To Reach Around US$ 567.9 Mn In 2027
January 26, 2021 | by admin |
The global bacteriophage market was valued at US$ 567.9 Mn in 2017 expanding at a CAGR of 3.9% from 2018 to 2026.
Market Insights
Recently, bacteriophages or phages have been recognized as an efficient tool in modern biotechnology through a multitude of researches promoting the potential use of bacteriophages across a number of applications. Researchers have also proposed bacteriophages as a viable alternative to antibiotics for a number of antibiotic-resistant bacterial strains. They can also be used as biocontrol agents in the oil and agriculture industries.
Bacteriophages have a unique application in the petroleum industry, as bacterial fouling often leads to serious damage to gas pipelines, devaluing products and therefore increasing capital costs. In addition, bacteriophages may also be used as vaccine vehicles, for the detection of pathogenic bacterial str