Tuberculosis Vaccine Market Global Enhancements and Growth Outlook and Forecast from 2021 to 2028

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Tuberculosis Vaccines
Tuberculosis Vaccine

Market Dynamics for Tuberculosis Vaccines

Tuberculosis is the leading cause of death due to an infectious disease in the world. According to the World Health Organization (WHO) factsheet 2018 on tuberculosis (TB), 10.4 million individuals became infected with the disease in 2016, and 1.7 million died from it in the same year. More than 95% of tuberculosis deaths occur in low- and middle-income countries. Deaths from tuberculosis also include 0.4 million HIV-infected persons. Such a large number of patients worldwide confirms the magnitude of the disease and the critical need for vaccines all around the world. As a result, the introduction of a Tuberculosis Vaccine Market would generate significant income, propelling market expansion.

According to a global assessment on tuberculosis vaccination published in 2018, TB costs the global economy approximately US$ 21 billion per year. Another significant impetus for the Tuberculosis Vaccine Market would be the current complex treatment regime and the resistance that TB has created to this drug regime. In order to suppress the infection, TB patients must take more than 2-3 medications for a period of 6 months. This frequently leads to poor patient compliance, which eventually leads to drug resistance, which worsens TB. According to WHO, roughly 600,000 new cases of rifampicin resistance, the most effective first-line treatment in 2017, of which around 490,000 developed MDR-TB globally.

According to the 2018 Global Report on Tuberculosis Vaccine, if effective efforts are not done by 2050, MDR-TB alone might cost the world US$ 16.7 trillion. Another issue with modern TB medications is drug toxicity as a result of high daily doses and prolonged treatment. Although the cost of tuberculosis drugs is not a major worry in developing nations because to government backing and free medicine, it is a concern in affluent countries such as the United States and Europe. Increased recognition of tuberculosis's lethality by multilateral organizations and national governments would boost funding for tuberculosis vaccine research. Increased R&D initiatives for the development of tuberculosis vaccines by firms and intergovernmental organizations are projected to drive the growth of the Tuberculosis Vaccine Market.

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