TB Disease Vaccine Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 9.8% from 2024 to 2030.
Looking ahead, the TB vaccine market is poised for growth from 2023 to 2033. The global TB vaccine treatment market, valued at USD 63.11 billion in 2023, is projected to reach USD 88.28 billion by 2032, with a compound annual growth rate (CAGR) of 4.38%. This anticipated growth is driven by increased awareness, government funding, and the pressing need for advanced vaccines.
Despite these positive projections, challenges persist. The emergence of drug-resistant TB strains complicates treatment and prevention efforts. Additionally, the COVID-19 pandemic disrupted TB services, leading to setbacks in diagnosis and treatment. Addressing these challenges requires sustained investment in research and development, as well as robust healthcare infrastructure.
Reflecting on personal experiences, the importance of TB vaccination becomes evident. In regions with high TB prevalence, vaccination campaigns have been instrumental in reducing cases. However, the recent uptick in TB incidence serves as a stark reminder of the disease's resilience and the critical need for continued vigilance and innovation in vaccine development.
In conclusion, while the period from 2018 to 2022 presented challenges in TB prevention, the forecast for 2023 to 2033 offers hope. With strategic investments and a focus on innovative vaccine solutions, the global community can make significant strides in combating TB.
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Between 2018 and 2022, the tuberculosis (TB) vaccine market experienced notable developments. The Bacille Calmette–Guérin (BCG) vaccine remained the primary preventive measure against TB. However, the World Health Organization (WHO) highlighted a significant funding gap in TB research. Despite a target of US$2 billion annually, only US$915 million was available in 2020, underscoring the need for increased investment in vaccine development.
In 2021, TB cases saw a 4.5% increase from the previous year, with 10.6 million people affected and 1.6 million fatalities. This rise emphasized the urgency for more effective vaccines. The WHO's 2022 report advocated for new TB vaccines, projecting substantial health and economic benefits. A vaccine targeting adolescents and adults could significantly reduce TB incidence and mortality, promoting economic growth.
Merck
Japan BCG Lab
Serum Institute of India
AJ Vaccines
BioFarma
GreenSignal Bio Pharma
China National Biotec
Biomed Lublin
Taj Pharmaceuticals
Ataulpho de Paiva
IVAC
Queen Saovabha Mem. Inst
Microgen
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global TB Disease Vaccine Market
Self-Procurement
UNICEF
Others
Based on Types the Market is categorized into Below types that held the largest TB Disease Vaccine market share In 2023.
Prevention Vaccines
Post-exposure Vaccines
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global TB Disease Vaccine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global TB Disease Vaccine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global TB Disease Vaccine Market, By Type
6. Global TB Disease Vaccine Market, By Application
7. Global TB Disease Vaccine Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global TB Disease Vaccine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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