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Increasing Demand For Therapeutic BCG Vaccines Drives Market Growth - Merck & Co., Inc., Sanofi Pasteur, Japan BCG Laboratory
Therapeutic BCG Vaccines Market
Therapeutic BCG Vaccines Market Size, Growth Rate, And Forecast
The global therapeutic BCG vaccines market size is expected to grow from $50.73 billion in 2022 to $53.18 billion in 2023 at a compound annual growth rate (CAGR) of 4.82%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global therapeutic BCG vaccines market size is expected to grow to $65.62 billion in 2027 at a CAGR of 5.40%.
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Therapeutic BCG Vaccines Market Drivers
The rising number of tuberculosis (TB) cases worldwide will propel the growth of the therapeutic BCG vaccine market going forward. Tuberculosis (TB) is an infectious illness that can be potentially dangerous and primarily impacts the lungs. People can contract tuberculosis from one another by coughing or sneezing small droplets of bacteria into the air. BCG vaccines are used to stimulate the immune system to fight infection but do not cause TB since the germs are weak. It consistently offers protection against the most dangerous types of TB, like adolescent TB meningitis. The BCG vaccine protects against tuberculosis which helps to fight against infection, hence the usage of therapeutic BCG vaccines increased.
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Therapeutic BCG Vaccines Market Segments
• By Type: Therapy BCG, Immune BCG
• By Demographics: Pediatrics, Adults
• By End Use: Hospitals, Clinics, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the therapeutic bcg vaccines market.
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Therapeutic BCG Vaccines Market Key Players
Major competitors in the therapeutic BCG vaccines market are Merck & Co., Inc., Sanofi Pasteur, Japan BCG Laboratory, China National Biotec Group, Serum Institute of India Pvt. Ltd., InterVax Ltd., GreenSignal Bio Pharma Limited, Statens Serum Institute, AJ Vaccines, BB-NCIPD Ltd., Biomed Lublin S.A.
The Business Research Company's "Global Therapeutic BCG Vaccines Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Therapeutic BCG Vaccines Market Include:
1. Executive Summary
2. Therapeutic BCG Vaccines Market Characteristics
3. Therapeutic BCG Vaccines Market Trends And Strategies
4. Therapeutic BCG Vaccines Market - Macro Economic Scenario
5. Therapeutic BCG Vaccines Market Size And Growth
………………
27. Therapeutic BCG Vaccines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Therapeutic BCG Vaccines Market
29. Therapeutic BCG Vaccines Market Future Outlook and Potential Analysis
30. Appendix
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