According to a new report published by Allied Market Research, 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.
The growth of BCG vaccine market is driven by increase in incidence rate of tuberculosis in developing nations, increase in research and development activities related to vaccines, increase 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.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.alliedmarketresearch.com/request-sample/4419
- 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.
- BCG vaccination decreases susceptibility to respiratory tract infections and improves immunity in pediatrics.
- 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.
Based on population, the pediatric (0-18 years) segment is expected to maintain its dominance over the forecast period, as the vaccine is administered to all children at birth. BCG is recommended for one dose only; Therefore, it is rarely used in adults.
Rest of the world accounted for the major share of the global BCG vaccine market in 2020 and is expected to remain dominant during the forecast period. This is due to increase in incidence of tuberculosis, increase in number of vaccination programs, availability of advanced health facilities with trained medical professionals, presence of most major players and increase in investment by government in health care system.
Asia-Pacific is expected to witness the highest growth during the forecast period due to improvements in healthcare infrastructure, increase in the number of hospitals equipped with advanced medical facilities, growth in the research and development sector, growth in healthcare reforms, and advancements in technology. Health care sector.
𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲@ https://www.alliedmarketresearch.com/purchase-enquiry/4419
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
- Merck & Co., Inc.,
- Sanofi Pasteur,
- Japan BCG Laboratory,
- China National Biotec Group
- Serum Institute of India Pvt. Ltd.,
- InterVax Ltd.,
- GreenSignal Bio Pharma Limited (GSBPL),
- Statens Serum Institute.
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