Increasing incidence of TB cases worldwide, technological advancements in vaccine discovery and developments, and implementation of favorable government policies are some key factors driving market growth
The global BCG vaccine market size is expected to reach USD 73.02 Million by 2028 at a CAGR of 4.5%, according to the latest report by Reports and Data. Rising prevalence of tuberculosis, increasing investment in RD for tuberculosis vaccine, and growing caseload of drug resistant tuberculosis are some key factors expected to drive market revenue growth over the forecast period. In addition, increasing demand for BCG vaccines due to increasing number of newborn babies across the globe is also a key factor expected to contribute to market growth going ahead.
BCG, or bacilli Calmette-Guerin, is a vaccine for tuberculosis disease and is commonly given to infants and kids in countries where TB is highly prevalent. BCG vaccine is developed from a weakened strain of tuberculosis bacteria which triggers the immune system to protect against the infection. BCG has been extensively used in countries with high incidence of TB to prevent childhood tuberculosis meningitis and miliary disease. BCG vaccine is generally considered for children who have negative TB test or are continually exposed to untreated or ineffectively treated tuberculosis. BCG vaccine is highly effective against severe forms of TB in children and this has been boosting its demand and is expected to drive market growth going ahead.
However, side effects associated with the vaccine such as high temperature, headache, swollen glands, and soreness at the site of injection can limit the usage of BCG vaccines among certain individuals. In addition, shortage of BCG vaccine supply across the globe can restraint market growth to a certain extent over the forecast period.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Merck Co., Inc., Sanofi Pasteur, Japan BCG Laboratory, China National Biotec Group, Serum Institute of India Pvt. Ltd., InterVax Ltd., GreenSignal Bio Pharma Limited (GSBPL), and Statens Serum Institut.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global BCG Vaccine market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the BCG Vaccine industry, the market is segmented into:
Type Outlook (Revenue, USD Million; Volume, Tons, 2018–2028)
- Immune BCG
- Therapy BCG
Application Type Outlook (Revenue, USD Million; Volume, Tons, 2018–2028)
- Hospitals
- Clinics
- Others
The regional analysis covers:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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Benefits of BCG Vaccine Market Report:
- Panoramic overview of the opportunities and risks in the BCG Vaccine sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the BCG Vaccine industry
- In-depth assessment of the competitive landscape of the key players of the BCG Vaccine industry
- Analysis of the BCG Vaccine market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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