Allied Market Research provides an encyclopedic study of the BCG Vaccines Sales Market with holistic insights into key factors and aspects impacting the future growth of the market. The BCG Vaccines Sales market has been analyzed for the forecast period 2021-2030. Global BCG vaccines sales market size is expected to increase and is anticipated to reach $65 million by 2025, registering a CAGR of 4.2% from 2019 to 2025.
BCG vaccine is a live attenuated vaccine used for the prevention of tuberculosis. The types of BCG drugs include immune BCG and therapy BCG. The BCG vaccines sales market growth has increased owing to gained prominence in the recent years due to high prevalence of tuberculosis worldwide and rise in number of drug-resistant tuberculosis cases. However, replacement for BCG vaccine is expected to restrain the market growth.
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Depending on drug type, the immune BCG segment is the highest revenue contributor and is also expected to exhibit the fastest growth rate of 4.9%. This is attributed to the wider use of BCG vaccine to acquire immunity against tuberculosis and absence of substitute to BCG vaccines currently.
The BCG Vaccines Sales Market research report can help you in taking the right business decisions. It is a comprehensive and detailed analysis of market trends, opportunities, and challenges that will give you an edge over competitors. You will be able to take informed decisions based on this data-driven study.
Regional overview
North America, Asia-Pacific, Europe, Latin America, The Middle East, and Africa are the provincial order of the worldwide BCG Vaccines Sales market.
Competitive Outlook
Full-size descriptive and analytical market records, as well as the research technique used to reach various results, are included in the file. This BCG Vaccines Sales market studies paper offers a thorough list of the market’s top players, as well as detailed information on each company, including an industrial agency company profile, sales shares, a strategy evaluation, and recent developments.
Competitive Landscape with Key Players: AJ Vaccines, China National Pharmaceutical Group Corporation (Sinopharm), Greensignal Bio Pharma Limited, Intervax Ltd, Japan BCG Laboratory, Merck & Company Inc, Sanofi S.A., Serum Institute of India Pvt. Ltd., and Statens Serum Institute.
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This report focuses on and highlights the strategies and the trends, in which the manufacturer and the company is likely to move. The research study is also known to provide in-depth analysis of the reports which is one of the key aspects for the growth of the BCG Vaccines Sales Market.
Asia-Pacific was the highest revenue contributor in the global BCG vaccines sales market share, accounting for 70% of the total market in 2017. However, LAMEA is expected to grow at the highest rate, owing to the number of developing nations present in this region, rise in technological advancements in the vaccines procured, increased awareness, and higher disposable income.
KEY FINDINGS OF THE STUDY:
- Europe occupied one-third share of the global BCG vaccines sales market in 2017.
- The tuberculosis segment is anticipated to grow with the highest CAGR throughout the forecast period.
- The pediatrics segment accounted for three-fourth share of the market in 2017.
- Immune BCG is anticipated to grow at the highest rate during the analysis period.
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