The Infinium Global Research analyzes the “Therapeutic BCG Vaccines Market (Type – Immune BCG, and Therapy BCG; Demographics – Pediatrics, and Adults; End User – Hospitals, Clinics, and Other End Users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global therapeutic BCG vaccines market is projected to grow at a CAGR of 4.5% over the forecast period of 2019-2025.
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BCG vaccine is used for to the treatment of tuberculosis. Tuberculosis is an infectious disease which majorly affects the lungs. In 2017, around 10 million people were suffering from tuberculosis. The growing awareness about tuberculosis has increased the demand for the BCG vaccination. Immune vaccine and therapy vaccines are available as types of BCG vaccines. BCG vaccines are easily available at affordable prices.
Growing Awareness About BCG Vaccines Creating an Opportunity for the Growth of The Market
The increasing number of patients suffering from tuberculosis drives the growth of therapeutic BCG vaccines market. The growing research in vaccines stimulates innovation and better immunizing vaccine formation that promotes the growth of therapeutic BCG vaccine market.
In addition, increasing awareness programs regarding the use of the BCG vaccine against tuberculosis contributes to the growth of therapeutic BCG drug market. On the flip side, BCG vaccine can cause side effects such as fever, blood in urine and upset stomach which hampers the growth of therapeutics BCG vaccines market. Moreover, growing awareness about BCG vaccines in developed and underdeveloped countries creates opportunities for the therapeutic BCG vaccines market.
Therapy BCG is Anticipated to be Dominant in the Therapeutic BCG Vaccine Market
The therapeutics BCG vaccines market is segmented on the basis of type, demographics and end user. The type segment of the therapeutics BCG vaccines market is divided into immune BCG and therapy BCG. The therapy BCG is anticipated to be dominant in the therapeutic BCG vaccine market. On the basis of demographics, the therapeutic BCG vaccine market is classified into pediatrics and adults. The end user segment is divided into hospitals, clinics, and other end users. Hospital segment is expected to be dominant in the therapeutic BCG vaccines market.
North America Region is Anticipated to Hold a Larger Share in the Therapeutic BCG Vaccines Market
The North America region is anticipated to hold a larger share in the therapeutic BCG vaccines market. The increasing cases of tuberculosis in the U.S.contributes to the growth of therapeutic BCG vaccines market. Europe is anticipated to have the second largest share in the therapeutic BCG vaccines market.
Asia-Pacific region is growing in the therapeutic BCG vaccines market. Asia-Pacific region has a huge population and the rising awareness among people regarding BCG vaccines stimulates the growth of therapeutics BCG vaccines market.
Therapeutic BCG Vaccines Market: Competitive analysis
The key players in therapeutics BCG vaccines market are Sanofi Pasteur, Merck & Co., Inc., Serum Institute of India Private Limited, InterVax Ltd., Green Signal Bio Pharma Pvt Ltd., Statens Serum Institut, China National Biotec Group, Japan BCG Laboratory, and Other companies. Companies are using strategies such as mergers, acquisitions and research and development for innovating novel products to maintain their market shares.
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=>Comprehensive analysis of global as well as regional markets of the therapeutics BCG vaccines.
=>Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=>Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=>Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.