Currently no replacement for the BCG vaccine, there is an urgent need to improve the methods used for quality control of BCG. This is made possible with the help of technological advances in the field of genomics and proteomics and will help develop new methods of BCG testing. These advanced test methods ensure the safety, quality, and efficacy of BCG vaccine formulations.
According to the report published by Allied Market Research, the Global BCG Vaccine Market garnered $20.36 billion in 2016 and is expected to reach $28.05 billion by 2023, thereby growing at a significant CAGR of 4.6% during the forecast period, 2017 to 2023.
The market study is an in-depth analysis of the coronary stents market. It enables the interested market players and investors to understand the entire market with the help of critical industry insights. It offers an overview of the drivers, restraints, and opportunities impacting the industry. It discusses the market size and share, segmentation, and technology trends that prevail in the industry. Information about the key players operating in the market are also discussed.
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The report elaborately analyzes the drivers, restraints, and opportunities of the global BCG vaccine market. Increase in prevalence of tuberculosis, especially in developing and underdeveloped countries, technological advancement in the field of vaccine research, increase in government initiatives, and focus on immunization programs globally are the factors that drive the growth of the market. However, side effects of BCG vaccine and a global shortage of this vaccine hinder the growth of the industry. Conversely, untapped market opportunities in developing regions create growth opportunities for the market.
The report emphasizes on the various segments of the global coronary stents market. The market is segmented into demographics and geography. Based on demographics, the market is divided into pediatrics (0-18 years) and adults (19-35 years). Country wide, the market is divided into India, China, Bangladesh, Pakistan, Indonesia, Japan, Brazil, Mexico, South Africa, Kenya, Thailand, Argentina, Colombia, Chile Singapore, and rest of the world.
The key players in the global coronary stents market are expanding the scope of their business operations in the developing countries by including innovative products in their product portfolios. The report includes a detailed competitive analysis of the major market players, such as Merck & Co., Inc., Sanofi Pasteur, Japan BCG Laboratory, China National Biotec Group (a subsidiary of China National Pharmaceutical Group Corporation), Serum Institute of India Pvt. Ltd., InterVax Ltd., GreenSignal Bio Pharma Limited (GSBPL), and Statens Serum Institut.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
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