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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 117
Countries covered: 22
Pages: 90
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BCG Vaccines Market
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BCG Vaccines Market Size
BCG Vaccines Market size was valued at USD 88.3 million in 2023 and is anticipated to witness growth at a CAGR of 5.4% between 2024 and 2032. BCG vaccines are live attenuated vaccines derived from a strain of Mycobacterium bovis, a bacterium closely related to Mycobacterium tuberculosis, the causative agent of tuberculosis (TB).
BCG vaccines stimulate the immune system to develop immunity against TB, reducing the risk of severe forms of the disease, such as meningitis and disseminated TB, in vaccinated individuals. BCG is also utilized as a form of immunotherapy in the treatment of non-muscle invasive bladder cancer. The BCG vaccines market is experiencing growth driven by the growing incidence of tuberculosis (TB) coupled with the rising awareness and adoption of vaccination programs.
TB remains a major global health issue, with millions of new cases reported every year. For instance, according to the World Health Organization, in 2022, there were 2.2 million new TB cases globally. Despite advancements in healthcare, TB continues to disproportionately affect low- and middle-income countries, where healthcare infrastructure may be insufficient to manage the disease effectively. The burden is further compounded by factors such as poverty, malnutrition, and HIV/AIDS, which weaken immune systems and increase susceptibility to TB infection.
Additionally, communities worldwide are becoming more health-conscious and informed about preventive healthcare measures. This heightened health literacy extends to understanding the importance of vaccination in preventing infectious diseases like TB. As people become more aware of the risks posed by TB and the effectiveness of BCG vaccination in mitigating those risks, the demand for BCG vaccines rises correspondingly.
BCG Vaccines Market Trends
BCG Vaccines Market Analysis
Based on age group, the market is segmented into pediatrics and adults. The pediatrics segment held a dominant market share of 84.9% in 2023.
Based on application, the BCG vaccines market is classified into tuberculosis and bladder cancer. The tuberculosis segment accounted for the highest market share and was valued at USD 72.3 million in 2023.
Based on end-use, the BCG vaccines market is categorized into hospitals and clinics. The hospitals segment is projected to reach USD 101.9 million by 2032.
Asia Pacific BCG vaccines market is predicted to grow at a CAGR of 5.6% over the analysis timeframe.
India BCG vaccines market is anticipated to grow at a CAGR of 5.7% to reach USD 26.9 million by the end of the forecast timeframe.
China BCG vaccines market is projected to grow remarkably in the coming years.
South Africa is experiencing high market growth in the BCG vaccines market.
BCG Vaccines Market Share
The BCG vaccines industry is characterized by the presence of several established and emerging players that offer a variety of products across the globe. Key players dominate the market due to their extensive product portfolios, strong distribution networks, and significant R&D investments. These companies leverage their global reach and advanced manufacturing capabilities to maintain competitive advantages.
Market players compete based on factors such as product quality, innovation, regulatory compliance, customer service, and pricing strategies. The market is also witnessing increased competition from emerging biotech firms focusing on innovative BCG formulations and delivery methods.
BCG Vaccines Market Companies
Prominent players operating in the BCG vaccines industry include:
BCG Vaccines Industry News:
The BCG vaccines market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Age Group
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries: