BCG Vaccines Market to Reach $74,269.55,000, Globally, by 2030 at a CAGR of 4.8%: Allied Market Research

Rising prevalence of tuberculosis, especially in developing and underdeveloped countries, and technological advancements in the field of vaccine research are driving the growth of the global BCG vaccine market

PORTLAND, Oregon., March 3, 2022 /PRNewswire/ — Allied Market Research released a report titled “BCG Vaccine Market By Demographics (Children (0-18) and Adults (19-35): Global Opportunities Analysis and Industry Forecast, 2021-2030.” According to the report, the global BCG vaccine industry was estimated to be $46,637.50,000 in 2020, and should reach $74,269.55 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.

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Drivers, constraints and opportunities-

Rising prevalence of tuberculosis, especially in developing and underdeveloped countries, and technological advancements in the field of vaccine research are driving the growth of the global BCG vaccine market. On the other hand, some side effects and the global shortage of vaccines are hampering the growth to some extent. However, untapped market opportunities in developing economies have been very beneficial for the growth of the market.

Covid-19 scenario-

  • The outbreak of the pandemic had a slight negative impact on the global BCG vaccine market, especially during the initial phase of the pandemic, as the concurrent global restrictions caused huge disruptions in the supply chain.

  • However, the market recovered at a rapid pace.

The pediatric segment (0-18 years) to lead the trail-

By demographics, the pediatric segment generated the highest share in 2020, holding more than three quarters of the global BCG vaccine market. The same segment is also expected to cite the fastest CAGR of 5.0% from 2021 to 2030, due to increasing prevalence of TB, especially in developing and underdeveloped countries, and technological advancements in the field of vaccine research.

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Asia-Pacific will dominate by 2030-

By region, Asia-Pacific contributed the leading market share in terms of 2020 revenue, holding nearly two-fifths of the global BCG vaccine market. The same region is also expected to cite the fastest CAGR of 5.3% from 2021 to 2030. This is attributed to improvements in healthcare infrastructure, increase in the number of hospitals equipped with advanced medical facilities, and developments of the R&D sector in the region.

Major Market Players

  • China National Biotech Group

  • Sanofi Pasteur, Merck & Co., Inc.

  • Japanese BCG Laboratory

  • AJ Biologics

  • Serum Institute of India Pvt. ltd.

  • InterVax Ltd.

  • Statens Institute Serum

  • Torlak Institute of Virology

  • GreenSignal Bio Pharma Limited (GSBPL)

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“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your referenceconsidering the impact of Covid-19 on this market which will help you to assess the aftereffects of the pandemic on the short and long term growth trends of this market.”

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