Rising cases of Tuberculosis to drive BCG vaccine market

BCG vaccine is used in the prevention of Tuberculosis. This vaccine is primarily given to age group ranging from infants to sixteen-year-olds as the major risk of infecting Tuberculosis happens during this age. In rare cases, vaccination can also be done to adults of age under 35. The vaccination is usually preceded by a skin test whose purpose is to diagnose the presence of Tuberculosis. Individuals with a previous history of TB ought not to get the antibody.

The global BCG vaccine market is estimated to have a value of USD 0.021 million in 2017. With a CAGR of 4.6%, the market size is expected to grow rapidly to cross USD 0.03 million by 2022.

The worldwide BCG immunization market is driven by the increment in the predominance of tuberculosis and advancements in vaccination research. In addition, the expansion in government activities and spotlight on inoculation programs universally support the market development. The key for the market growth is designing awareness campaigns in developing and underdeveloped countries which comprises the majority of the Tuberculosis patients worldwide.

Be that as it may, symptoms of BCG immunization, insufficiency of the currently existing vaccines to meet the requirement, and lack of awareness regarding the medical facilities available in underdeveloped countries are some of the key hindering market forces.

North America occupies the majority of the market share owing to the presence of major key players and major investments in health care. However, Asia-pacific is expected to grow at a high rate during the forecast period owing to the government initiatives for T.B. eradication.

Major players of the BCG vaccine market are Merck & Co., Inc., Sanofi Pasteur, Japan BCG Laboratory. Other players in the market include 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 Institute.

Check out Market Data Forecast’s comprehensive reports with in-depth analysis about the BCG Vaccine Market a free research sample can also be availed. Stay tuned for trending news stories about the latest technologies and interesting Agriculture tit-bits.


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