(MENAFN- GlobeNewsWire - Nasdaq) Sanofi, GlaxoSmithKline, Abbott Biologicals, Bilthoven Biologicals, and Bharat Biotech International Lead the Global Competition
Dublin, Jan. 27, 2025 (GLOBE NEWSWIRE) -- The "BCG Vaccine Global market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology" report has been added to ResearchAndMarkets.com's offering.
The BCG (Bacillus Calmette-Gurin) vaccine is primarily used for the prevention of tuberculosis (TB) and is one of the most widely administered vaccines globally. As a live attenuated vaccine, it plays a crucial role in public health, particularly in regions where tuberculosis is endemic. This market review aims to provide an overview of the BCG vaccine market, examining its size, share, trends, and forecasts for the period from 2024 to 2029.
Market Overview
Due to increasing rates of tuberculosis and a growing awareness of its effects, the global BCG vaccine market is projected to witness significant growth. As of 2023, the market is estimated to be worth approximately USD 600 million, and it is expected to grow at a compound annual growth rate (CAGR) of about 5%-7% during the forecast period of 2024-2029. This growth is driven by various factors including government initiatives, increasing healthcare expenditures, and advancements in vaccine production technologies.
Market Size and Share
The market share analysis indicates that North America accounts for around 25% of the global BCG vaccine market, driven by higher healthcare spending and established healthcare infrastructure. Europe follows with a share of about 22%, largely due to stringent regulations regarding vaccine usage and widespread vaccination programs.
In the Asia-Pacific region, which holds a considerable market share of approximately 35%, the prevalence of tuberculosis remains high, leading to increased demand for the BCG vaccine. Countries such as India, China, and Indonesia are significant contributors to the regional growth due to government-led immunization programs. The Middle East and Africa (MEA) region, while smaller in market size, is anticipated to experience robust growth driven by improving healthcare access and initiatives to control TB.
Trends Analysis Report
By Product Type
The BCG vaccine market can be segmented by product type into:
Intravesical BCG therapy: Widely used for treating bladder cancer. BCG vaccine for TB prevention: Traditionally administered to infants and children.
In recent years, there has been a growing interest in intravesical BCG due to the rising incidence of bladder cancer, making it a significant segment within the BCG vaccine market.
By Key Players
The competitive landscape of the BCG vaccine market comprises various key players including:
Sanofi GlaxoSmithKline Abbott Biologicals B.V. Bilthoven Biologicals B.V. Bharat Biotech International Limited Panacea Biotec Ltd. PT Bio Farma (Persero) Haffkine Bio Pharmaceutical Corporation Ltd. LG Chem Ltd. AJ Vaccines A/S Serum Institute of India Pvt. Ltd.
These players are engaging in strategic partnerships, research and development, and geographic expansion to strengthen their presence in the market.
By Process
The manufacturing processes of BCG vaccines include:
Live Attenuated Vacuum Process: This involves the selection and attenuation of Mycobacterium bovis. Cultivation and Harvesting: Dedicated facilities are required for culture growth before the vaccine is harvested and processed.
By Application
The applications of BCG vaccines include:
Infant Vaccination: Targeting newborns and infants to prevent TB. Bladder Cancer Treatment: Particularly in adult patients in which the vaccine is administered directly.
By End-Use
The market can further be categorized based on end-use into:
Hospitals Clinics Healthcare Institutions
Regional Analysis
Regionally, the BCG vaccine market can be analyzed as follows:
North America
In North America, the focus is on innovative treatment approaches and higher vaccination rates. This region is likely to witness growth driven by an increase in healthcare facilities and government healthcare policies. The estimated share for North America is projected at approximately 25% during the forecast period.
Europe
Europe is known for its well-structured healthcare policies aimed at disease prevention, which significantly bolster the BCG vaccine market. The growth rate is supported by investment in healthcare infrastructure and rising TB incidences.
Asia-Pacific
The Asia-Pacific region is emerging as a key growth area due to a high prevalence of tuberculosis, coupled with economic growth driving healthcare investments. Countries like India and China contribute significantly to the growing demand.
Middle East and Africa (MEA)
The MEA region is experiencing improvements in healthcare access, leading to gradual market growth. Government initiatives aimed at infectious disease control are likely to enhance the market for BCG vaccines.
Market News on Policy and Companies
Recent government policies and initiatives worldwide aim to improve access to vaccination for tuberculosis. The World Health Organization (WHO) continues to recommend BCG vaccination programs in high TB burden countries. In addition, notable developments among companies include:
Sanofi announcing collaborations to enhance vaccine distribution in underdeveloped regions. GlaxoSmithKline investing in novel research to improve BCG vaccine efficacy and application. Bharat Biotech expanding domestic production capabilities to meet growing demand.
Segment Forecasts: 2024-2029
Based on market dynamics, the forecast for the BCG vaccine market from 2024 to 2029 indicates:
The overall market is projected to grow at a CAGR of 5%-7%. The intravesical BCG segment will experience significant growth as bladder cancer screening and treatment strategies evolve. The Asia-Pacific region will likely dominate market share owing to high TB rates, estimated to reach 40% by 2029.
As a result, players in the BCG vaccine market will need to stay ahead by innovating and enhancing their product offerings to meet the changing demands of healthcare providers and patients worldwide.
Conclusion
The BCG vaccine market is poised for substantial growth driven by increasing public health initiatives, a higher burden of tuberculosis, and advancements in vaccine production technologies. Key players in this market must leverage trends and emerging opportunities to strengthen their competitive advantages and capture a larger market share through strategic alliances and innovations.
Key Topics Covered
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast BCG Vaccine Market in North America (2020-2030)
Chapter 10 Historical and Forecast BCG Vaccine Market in South America (2020-2030)
Chapter 11 Historical and Forecast BCG Vaccine Market in Asia & Pacific (2020-2030)
Chapter 12 Historical and Forecast BCG Vaccine Market in Europe (2020-2030)
Chapter 13 Historical and Forecast BCG Vaccine Market in MEA (2020-2030)
Chapter 14 Summary For Global BCG Vaccine Market (2020-2025)
Chapter 15 Global BCG Vaccine Market Forecast (2025-2030)
Chapter 16 Analysis of Global Key Vendors
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