Therapeutic BCG Vaccines Market Research Report 2024-2033 | Size, Growth, Demand, Trends

"The Business Research Company recently released a comprehensive report on the Global Therapeutic BCG Vaccines Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The therapeutic bcg vaccines market size has grown strongly in recent years. It will grow from $53.99 billion in 2023 to $57.14 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to government initiatives for tb control, immune system modulation, global immunization programs, treatment of bladder cancer, investments in vaccine manufacturing, emergence of drug-resistant tb strains..

The therapeutic bcg vaccines market size is expected to see strong growth in the next few years. It will grow to $72.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to expansion to other indications, increased research on immunotherapy, global efforts against emerging infectious diseases, regulatory support for vaccine development, focus on tuberculosis elimination.. Major trends in the forecast period include advancements in vaccine technology, supply chain optimization, market consolidation and partnerships, patient education and awareness, alternative delivery methods, personalized medicine approaches..

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Market Drivers and Trends:

The rising number of tuberculosis (TB) cases worldwide will propel the growth of the therapeutic BCG vaccine market going forward. Tuberculosis (TB) is an infectious illness that can be potentially dangerous and primarily impacts the lungs. People can contract tuberculosis from one another by coughing or sneezing small droplets of bacteria into the air. BCG vaccines are used to stimulate the immune system to fight infection but do not cause TB since the germs are weak. It consistently offers protection against the most dangerous types of TB, such as adolescent TB meningitis. The BCG vaccine protects against tuberculosis which helps to fight against infection, hence the usage of therapeutic BCG vaccines increased. For instance, in October 2022, according to a report published by the World Health Organization, a specialized agency of the United Nations responsible for international public health, 10.6 million people were predicted to have contracted tuberculosis (TB) in 2021, an increase of 4.5% from 2020, and 1.6 million died from TB (including 187,000 HIV-positive individuals). Therefore, the rising number of tuberculosis (TB) cases worldwide is driving the growth of the therapeutic BCG vaccine market.

Strategic partnerships have emerged as a key trend gaining popularity in the therapeutic BCG vaccine market. Major companies operating in the therapeutic BCG vaccine market are focused on collaborating with other key players to sustain their position in the market. For instance, in July 2021, Zendal, a Spain-based pharmaceutical company, partnered with IAVI, a US-based not-for-profit organization to advance the tuberculosis vaccine candidate MTBVAC into efficacy trials. The only live, attenuated Mycobacterium tuberculosis vaccine currently being developed is MTBVAC. It is now being developed to prevent tuberculosis in adults and adolescents, for whom there is currently no effective vaccination, and as a more potent and potentially long-lasting vaccine than BCG for infants. This statement coincides with the rapid development of several vaccinations to guard against COVID-19.

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Major Key Players of the Market:

Merck & Co Inc.; Sanofi Pasteur; Japan BCG Laboratory; China National Biotec Group; Serum Institute of India Pvt. Ltd.; InterVax Ltd.; GreenSignal Bio Pharma Limited; Statens Serum Institute; AJ Vaccines; Bul Bio-National Center of Infectious and Parasitic Diseases Ltd; Biomed Lublin S.A.; PowderJect Pharmaceuticals; Microgen; Taj Pharma Ltd.; PT Bio Farma; Torlak Institute of Virology; Bacille Bilie Calmette-Guerin Laboratory; China Biotechnology Co Ltd.; GlaxoSmithKline plc; Pfizer Inc.; Bharat Biotech International Ltd.; Biological E. Limited; Shanghai Institute of Biological Products Co. Ltd.; Immunitor; Vakzine Projekt Management GmbH; Cipla Limited; Instituto Butantan; Chiron Corporation

Therapeutic BCG Vaccines Market 2024 Key Insights:

• The therapeutic bcg vaccines market will grow to $72.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
• Fighting Tuberculosis Surging Global Cases Propel Growth In The Therapeutic Bcg Vaccine Market
• Zendal And Us-Based Nonprofit Forge Strategic Partnership To Advance Therapeutic Bcg Vaccine Development
• Asia-Pacific was the largest region in the therapeutic BCG vaccines market in 2023

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