The global bacteriophage market is experiencing notable momentum, with a current valuation of USD 45.07 million in 2023. According to recent projections, the market is expected to grow steadily, reaching USD 68 million by 2033. This growth is anticipated at a compound annual growth rate (CAGR) of 4.2% over the forecast period. Bacteriophages, or phages, …
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Global Bacteriophage Industry is predicted to expand by an astounding US$68 Million, With a 4.2% CAGR By 2033 | FMI Analysis
The Global Bacteriophage Industry is on track for steady growth, fueled by growing concerns over antibiotic resistance. According to a new market report, the market, currently valued at US$45.07 million in 2023, is projected to reach US$68 million by 2033, reflecting a promising Compound Annual Growth Rate (CAGR) of 4.2%. This expansion highlights the increasing …
Global Bacteriophage Industry Set for a Striking US$68 Million Expansion by 2033, Propelled by a 4.2% CAGR | FMI
The Global Bacteriophage Industry is valued at US$45.07 million in 2023 and projected to reach US$68 million by 2033. This prognosis is supported by a strong compound annual growth rate (CAGR) of 4.2% expected throughout the forecast period. The market’s growth is being driven by increased demand for phage probiotics, which have specific advantages over …
Global Bacteriophage Industry Anticipates a Resounding US$68 Million Growth by 2033, Fueled by a 4.2% CAGR
In 2023, the Global Bacteriophage Industry has secured a worth of US$45.07 million, with a projected escalation to US$68 million by 2033. Envisioned to exhibit a Compound Annual Growth Rate (CAGR) of 4.2% throughout the forecast span, the market’s expansion remains promising. The rising demand for phage probiotics due to their several advantages over traditional probiotics is …