Allied Market Research has published a study report with the title BCG Vaccine Market Size was Valued at USD 46,637.5 thousands in 2020, and is Projected to Garner USD 74,269.55 thousands by 2030, registering a CAGR of 4.8% from 2021 to 2030.
Bacillus Calmette-Gurin (BCG) vaccine is the only vaccine currently available for prevention of tuberculosis (TB). In countries with high prevalence of tuberculosis, one dose is recommended for healthy babies. However, in areas where tuberculosis is uncommon, only children at high risk are typically immunized, while suspected cases of tuberculosis are individually tested and treated. Adults not infected with tuberculosis and who have not been previously immunized but are frequently exposed to drug-resistant tuberculosis may be immunized as well. However, side effects associated with the BCG vaccine such as headache, head glands swollen, high temperature, and soreness at the site of injection is predicted to limit the use of BCG vaccines among certain individuals.
Key Findings of Study
- On the basis of demographics, the pediatrics (0-18 Years) segment held the largest market share in 2020 and is expected to remain dominant during the forecast period.
- Region-wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 5.3% during the forecast period.
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Top Companies of BCG Vaccine Market
- AJ Biologics
- China National group corporation (Sinopharm)
- Greensignal Biopharma Limited
- Intervax Ltd.
- Japan BCG Laboratory
- Merck & Co., Inc.
- Sanofi
- Serum Institute of India Pvt. Ltd.
- Stetens Serum Institute
- Torlak Institute of Virology
BCG Vaccine Market Segmentation can be done based on several factors, including:
By Type
- Immune BCG
- Therapy BCG
By Application
- Pediatric
- Adult
BY End-User
- Clinics
- Hospitals
- Others
What are the BCG Vaccine Industry Trends?
The growth of the BCG vaccine market is driven by increase in incidence rate of tuberculosis in developing nations, rise in R&D activities related to vaccines, growth in government initiatives, and focus on immunization programs globally. However, side reactions of BCG vaccines on patients and shortage of vaccine supply hinder the market growth. Moreover, untapped market opportunities in developing regions are expected to provide numerous opportunities for market growth during the forecast period.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How big is the global & regional market in terms of revenue, sales and production?
- How far will the market grow in forecast period in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
- Which region has more opportunities?
By Region Outlook
• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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