Market Trends of Global BCG Vaccine Industry
This section covers the major market trends shaping the BCG Vaccine Market according to our research experts:
The Pediatrics Segment Dominates the BCG Vaccine Market
BCG vaccination is given mostly to babies and young children as it provides consistent protection of up to 80 percent against the most severe forms of childhood tuberculosis, such as TB meningitis. Children have more risk of developing tuberculosis than adults. For instance, according to a report titled 'India TB Report 2022,' published by the Ministry of Health and Family Welfare Government of India in February 2022 in India, childhood tuberculosis was a staggering problem, contributing to approximately 31 percent of the global burden.
Moreover, according to an article published in August 2022 titled 'BCG vaccine prevents tuberculosis in young children, but not adults,' the Boston University School of Public Health said a new study suggested that the BCG vaccine was very effective against tuberculosis in children under five. Still, adults in high-burden countries may need additional protection to maintain immunity beyond childhood. Hence, owing to the increasing BCG vaccination of pediatrics, adopting these vaccines is likely to increase among the target population, ultimately driving market growth.
In addition, according to an article titled 'Pediatric Tuberculosis with a Focus on Indonesia' published by United Nations International Children's Emergency Fund (UNICEF) in June 2022, it was estimated that 7.5 million children aged 0-14 years were infected with TB each year (latent tuberculosis infection (LTBI)), and 1-1.2 million children progress to active TB disease, more than half of whom are aged under five.
Furthermore, continuous government initiatives for tuberculosis vaccination in the market are positively affecting the growth of the segment. For instance, in May 2020, the Ministry of Health and Family Welfare, Government of India devised the National Strategic Plan 2020-2025, which outlines approaches to eliminate tuberculosis in India by the year of 2025.
The Asia-Pacific is Expected to Witness Growth Over the Forecast Period
The Asia-Pacific is expected to witness the highest growth in the market owing to factors such as the high prevalence of tuberculosis, increasing susceptibility to tuberculosis due to poverty and homelessness, and the presence of a large number of BCG vaccine manufacturers in the region. An increase in the BCG vaccination of children in countries like India and China is among the key factors contributing to the growth of the studied market in Asia-Pacific.
The rising prevalence of tuberculosis in developing countries like India, Indonesia, and China is the main reason for the growth of the Asia-Pacific region. For instance, according to an article titled 'Pediatric Tuberculosis with a Focus on Indonesia, 'published by United Nations International Children's Emergency Fund (UNICEF) in June 2022, Indonesia has the second highest incidence of TB in the world (rate of 312 per 100,000 population) and accounts for 8.5 percent of global cases.
The high concentration of market players or manufacturers' presence in the region is also one of the factors driving the growth of the BCG vaccine market in the region. For instance, an article titled 'Past, Present and Future of Bacillus Calmette-Guérin Vaccine Use in China' published in July 2022 stated that two major BCG production institutions in China produced freeze-dried intradermal BCG vaccines for the scheduled immunization of children: the Shanghai Institute of Biological Products and the Chengdu Institute of Biological Products (a subsidiary of China National Biotec Group CNBG)), with a combined annual supply of no less than 20 million copies.
