Bacillus Calmette–Guérin (BCG) vaccine is the only vaccine available for the prevention of human forms of tuberculosis (TB). This vaccine is generally administered to children at birth in countries with high incidence of TB. In regions with low level of TB, only children at high risk are typically immunized, whereas adults are generally not immunized. However, adults (up to the age of 35) who are frequently exposed to drug-resistant TB may also be given BCG vaccine.
The global BCG vaccine market is driven by increase in prevalence of tuberculosis and rise in technological advancements in vaccine research. Moreover, the increase in government initiatives and focus on immunization programs globally boost the market growth. However, side effects of BCG vaccine and the global shortage of BCG vaccine restrain this growth. Untapped market potential in developing regions are expected to present numerous opportunities for market development during the forecast period.
The BCG vaccine market is segmented on the basis of demographics, and region. On the basis of demographics, it is bifurcated into pediatrics (0-18 Years) and Adults (19-35 years). Region wise, the market is analyzed across Asia-Pacific, LAMEA, and Rest of the World.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a detailed quantitative analysis of the current market trends and future estimations from 2020 to 2030, which assists to identify the prevailing market opportunities
- An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans
- A comprehensive analysis of the factors that drive and restrain the growth of the BCG vaccine market is provided
- An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves
KEY MARKET SEGMENTS
By Demographic Type
- Pediatrics (0-18 Years)
- Adults (19-35 Years)
By Region
- Asia Pacific
- India
- China
- Bangladesh
- Pakistan
- Indonesia
- Japan
- Thailand
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Mexico
- South Africa
- Kenya
- Argentina
- Colombia
- Chile
- Rest of LAMEA
- REST OF THE WORLD
KEY MARKET PLAYERS
- 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
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Table of Contents
Executive Summary
According to a new report titled, “BCG Vaccine Market by Demographics: Global Opportunity Analysis and Industry Forecast, 2021–2030, the global BCG Vaccine market was valued at $46,637.5 thousands in 2020, and is projected to reach $74,269.55 thousands by 2030, registering a CAGR of 4.8% from 2021 to 2030.Bacillus Calmette–Guérin (BCG) vaccine is the only vaccine currently available for the prevention of tuberculosis (TB). One dose of BCG vaccine is recommended for healthy babies at birth in countries where tuberculosis is common.
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.
As there is no current alternative to BCG vaccine, therefore there is an urgent need to improve the methods used for quality control of BCG. This is possible with the help of technological advancements in the field of genomics and proteomics, which help in development of new methods for BCG testing. These advanced testing methods can ensure the safety, quality, and efficacy of BCG vaccine preparations.
Coronavirus (COVID-19) was discovered in late December, 2019 in Hubei province of Wuhan city in China. The disease is caused by a virus, namely, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted from humans to humans. The outbreak of COVID-19 pandemic has not affected the BCG vaccine market as BCG vaccination among pediatric population has not decreased. Moreover, BCG vaccination decreases susceptibility to respiratory tract infections and improves immunity in pediatrics. Moreover, few countries underwent some clinical trials on humans to see the effectiveness of BCG vaccine towards COVID-19, which boosts the BCG vaccine market growth. These all factors show positive impact of COVID-19 on the BCG vaccine market. Thus, the COVID-19 pandemic has a positive impact on the BCG vaccine market.
The BCG vaccine market is segmented on the basis of demographics, and region. On the basis of demographics, it is bifurcated into pediatrics (0-18 Years) and adults (19-35 years). Region wise, the market is analyzed across Asia-Pacific, LAMEA, and Rest of the World.
Based on demographics, the pediatrics (0-18 Years) segment is expected to maintain its dominant position during the forecast period, as the vaccine is administered to all the children at the time of birth. As BCG is recommended for only one dose; therefore, it is used rarely in the case of adults.
Rest of the World accounted for major share of the global BCG vaccine market in 2020, and is expected to remain dominant during the forecast period. This was attributed to increase in prevalence of tuberculosis, rise in number of immunization programs, availability of advanced healthcare facilities with trained medical professionals, presence of most of the key players, and surge in investment made by governments in the healthcare system. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period, majorly due to improvement in healthcare infrastructure, rise in number of hospitals equipped with advanced medical facilities, development of the R&D sector, rise in healthcare reforms, and technological advancements in the field of healthcare.
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 53% during the forecast period
Companies Mentioned
- AJ Biologics
- China National Biotec Group (a subsidiary of China National Pharmaceutical Group Corporation)
- Merck & Co., Inc.
- Sanofi Pasteur
- Japan BCG Laboratory
- Serum Institute of India Pvt. Ltd.
- InterVax Ltd.
- GreenSignal Bio Pharma Limited (GSBPL)
- Statens Serum Institut
- Torlak Institute of Virology.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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