BCG Vaccine Market Share, Size, Forecast and Trends by 2023
BCG vaccine stands for Bacillus Calmette-Gurin (BCG) vaccine. It prevents TB and is the only vaccine in the market which could do that. A single dose is given to an infant soon after birth in countries with high occurrence of TB. In countries which TB is not a common occurrence only high risk infants are treated with it. Adults are only treated with this vaccine if their exposure to drug-resistant TB is a regular occurrence.
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Increasing number of cases of TB all over the world particularly in the developing countries of APAC, rapid advancements in technology in the field of medical research on vaccines, and savory government policies and initiatives with improved funding are driving the growth of this market
BCG Vaccine Market Forecast Report (2018-2023)
Global BCG Vaccine Market size was around USD X.XX million in 2018. It is expected to grow at a CAGR of X.XX% to reach USD X.XX million by 2023.
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BCG Vaccine Market Segmentation
The market segmentation is very broad and is only classified by demographics into Paediatrics (0-18 years), and Adults (19-35 years). Paediatrics is a clear market leader accounting for more than three quarters of market share and is likely to gain even more in the forecast period. It is because BCG vaccination has become mandatory in most of the countries as part of the national immunization program. Moreover, the efficacy of the vaccine is reduced if it is not administered in infancy. The usage of this vaccine is highest in Kenya. Polio and hepatitis B vaccines are usually administered alongside it.
Classification by geography entails North America, Latin America, Europe, Asia Pacific and Middle East and Africa. North America accounted for the largest market share while Asia Pacific is expected to grow with the highest CAGR due to TB eradication campaigns going on in the developing countries.
The major companies dominating this market for its products and services are
Merck & Co., Inc.,
Japan BCG Laboratory.
China National Biotec Group
Serum Institute of India Pvt. Ltd.,
Green Signal Bio Pharma Limited (GSBPL),
tatens Serum Institute.
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