Market Research Report
BCG Vaccine Market by Demographics (Pediatric (0-18 Years) and Adults (19-35 Years): Global Opportunity Analysis and Industry Forecast, 2021-2030
|BCG Vaccine Market by Demographics (Pediatric (0-18 Years) and Adults (19-35 Years): Global Opportunity Analysis and Industry Forecast, 2021-2030|
Published: February 3, 2022
Allied Market Research
Content info: 165 Pages
Delivery time: 2-3 business days
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-Guerin (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.