Exploring the Need for BCG Vaccines: Understanding the Market and Its Key Players

BCG (Bacillus Calmette-Guerin) vaccine is a live, attenuated form of Mycobacterium bovis, a bacterium related to the causative agent of tuberculosis. It is used as a vaccine against tuberculosis, particularly against disseminated tuberculosis in infants. The BCG vaccine is typically given to newborns, infants, and young children and is one of the most widely used vaccines globally. It provides moderate protection against severe forms of tuberculosis, including meningitis and disseminated tuberculosis.

Allied Market Research has published a study report with the title BCG Vaccine Market Size was Valued at USD 46,637.50 thousand in 2020, and is Projected to Garner USD 74,269.55 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.

Rise in prevalence of tuberculosis, especially in developing and underdeveloped countries, and technological advancement in the field of vaccine research drive the growth of the global BCG vaccine market. On the other hand, certain side effects and global shortage of the vaccine impede the growth to some extent. However, untapped market opportunities in the developing economies have been highly beneficial for the market growth.

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Top Key Players of BCG Vaccine Market are China National Biotec Group, Sanofi Pasteur, Merck & Co., Inc., Japan BCG Laboratory, AJ Biologics, Serum Institute of India Pvt. Ltd., InterVax Ltd., Statens Serum Institut, Torlak Institute of Virology, GreenSignal Bio Pharma Limited (GSBPL)

BCG Vaccine Market Segmentation: -

By demographics, the pediatrics segment generated the highest share in 2020, holding more than three-fourths of the global BCG vaccine market. The same segment is also expected to cite the fastest CAGR of 5.0% from 2021 to 2030, owing to increase in the prevalence of tuberculosis, especially in the developing and underdeveloped countries, and technological advancements in the field of vaccine research.

By region, Asia-Pacific contributed to the major market share in terms of revenue 2020, holding nearly two-fifths of the global BCG vaccine market. The same region is also projected to cite the fastest CAGR of 5.3% from 2021 to 2030. This is attributed to improvements in healthcare infrastructure, rise in the number of hospitals equipped with advanced medical facilities, and developments in the R&D sector in the region.

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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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