As per our research report, the size of the North American BCG vaccine market is expected to be valued at USD 16.3 Billion in 2024 and USD 20.3 billion by 2029, growing at a CAGR of 4.53% from 2024 to 2029.
The BCG vaccine is often used to treat bladder cancer in its early stages. The increased prevalence of tuberculosis (TB) and bladder cancer is a significant factor driving market expansion. The expansion of the North American BCG Vaccine market is being driven by increased government initiatives and a focus on immunization awareness through campaigns all over the region. Furthermore, rising government assistance for the development of the BCG vaccination is expected to boost the market growth.
Rising tuberculosis prevalence, increased investment in R&D for tuberculosis vaccine, and a growing caseload of drug-resistant tuberculosis are likely to fuel market revenue growth. Children with a negative tuberculosis test or constantly exposed to untreated or ineffectively treated tuberculosis should consider getting the BCG vaccine.
The BCG vaccination is very effective against severe forms of tuberculosis in children, which has boosted demand and is projected to continue to drive market expansion in the future. Sales of BCG vaccines have been in high order since the vaccine's debut. It is because the medical community has been particularly receptive to new vaccinations and therapy mechanisms becoming available. Improvements in vaccinations are projected to drive demand for BCG vaccines in the North American market.
The market is being affected by the side effects of the BCG vaccine, which include fever, headache, and enlarged glands. The expensive cost per dose of the BCG vaccine also poses a threat to the market's expansion. The vaccine's side effects, including elevated temperature, swollen glands, and discomfort at the injection site, may limit the use of BCG immunizations in some people. Furthermore, a lack of BCG vaccination supplies may restrict market growth to some extent in this region. The spread of the coronavirus impacts workforce and staffing difficulties, as well as procedural prioritization. It impacts the BCG Vaccine market since scheduled primary care visits at hospitals are canceled, reflecting patients' concerns about infection.
This research report on the North American BCG Vaccine Market has been segmented and sub-segmented into the following categories.
North America BCG Vaccine Market - By Demographics:
North America BCG Vaccine Market - By Product Type:
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Geographically, the North America dominated the BCG Vaccine market, accounting for the largest share of the total. It is primarily due to an increase in bladder cancer in this region, which has increased demand for BCG Vaccines to treat bladder cancer. BCG should only be considered in the United States for a small number of persons who fit specified criteria and collaborate with a TB expert. Healthcare practitioners considering delivering BCG vaccines to their patients should consult their local TB control program first.
Due to increased government initiatives to procure and administer vaccines, favorable reimbursement policies, state-of-the-art healthcare infrastructure, and grown vaccination in the region, North America is predicted to have the most significant revenue in the global market. The high prevalence of tuberculosis and the rise in drug-resistant infections were given as reasons for the increase. Furthermore, the BCG vaccine is most typically given to newborns and young children to prevent tuberculosis.
KEY MARKET PLAYERS
Companies playing a dominant role in the North America BCG Vaccine Market profiled in this report are Merck & Co., Inc., Sanofi Pasteur, Japan BCG Laboratory. Other players in the market include China National Biotec Group (a subsidiary of China National Pharmaceutical Group Corporation), Serum Institute of India Pvt. Ltd., InterVax Ltd., GreenSignal Bio Pharma Limited (GSBPL), and Statens Serum Institute.
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