BCG vaccine market was valued at $46,637.5 thousands in 2020, and is projected to reach $74,269.55 thousands by 2030, registering a CAGR of 4.8% from 2021 to 2030.
The only vaccine currently available for tuberculosis prevention is the Bacillus Calmette-Gurin (BCG) vaccine (TB). In tuberculosis-endemic countries, one dose is recommended for healthy babies. In areas where tuberculosis is uncommon, however, only children at high risk are typically immunised, and suspected tuberculosis cases are individually tested and treated. Adults who are not infected with tuberculosis and have not previously been immunised but are frequently exposed to drug-resistant tuberculosis may also be immunised. However, side effects of the BCG vaccine, such as headache, swollen head glands, high temperature, and soreness at the injection site, are expected to limit the use of BCG vaccines in certain individuals.
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Global BCG Vaccine Market: Top Key Players
Serum Institute of India
China National Biotec
GreenSignal
Statens Serum Institute
Merck
InterVax
Sanofi Pasteur
Shanyao Group
Shanghai Institute of Biological Products
Japan BCG Lab
Global BCG Vaccine Market: By Types
Immune BCG
Therapy BCG
Global BCG Vaccine Market: By Applications
Pediatrics
Adults
Geographically, the detailed analysis of consumption, revenue, and market share and growth rate of the following regions:
United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World.
Factors driving the global BCG vaccine market include an increase in tuberculosis prevalence, particularly in developing and underdeveloped countries, and technological advancements in the field of vaccine research. Furthermore, increased demand for BCG vaccines due to an increase in the number of newborn babies worldwide, increased government initiatives, and increased focus on immunisation programmes globally drive market growth. However, the BCG vaccine’s side effects and a global shortage of this vaccine limit market growth. Untapped market opportunities in developing regions are expected to provide numerous market development opportunities.
Key benefits for stakeholders:
- This report provides a detailed quantitative analysis of current market trends and future projections from 2020 to 2030, assisting in the identification of current market opportunities.
- An in-depth analysis of various regions is expected to provide stakeholders with a detailed understanding of current trends, allowing them to develop region-specific plans.
- A thorough examination of the factors driving and restraining the growth of the BCG vaccine market is provided.
- An in-depth examination of various regions yields insights that enable businesses to strategically plan their business moves.
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FAQs:
- What is the driving factor for the growth of the BCG Vaccine?
- How will the COVID-19 pandemic impact the demand and consumption of the BCG Vaccine?
- What is the major application area of the BCG Vaccine market?
- Who are the BCG Vaccine manufacturers across the globe?
- Which geographical location is dominant in the BCG Vaccine?
- Which are the top industry players in the BCG Vaccine?
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