What is Tuberculin?
Tuberculin also called Purified protein derivative is used for treatment of tuberculosis which is made of proteins. It is injected into the skin and if it swells after 48 hours the test is considered as positive. The test is conducted to recognise if the person is exposed to tuberculosis. Due to the increased awareness of tuberculosis and increased government initiatives the market is growing. Around 10,000 cases has been registered per year according to the TB facts
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Sanofi Pasteur (France), Zoetis (United States), Par Sterile (United States), Japan BCG (Japan), Thermo Fisher (United States), CNBG (China), Chirana T. Injecta (Belarus), Arkray (Poland), Merck& Co. Inc.(United States) and Abbott (United States) |
CAGR | 5.45% |
The study covers a detailed analysis segmented by key business segments i.e. by type (PPD-S, PPD RT23 and Others) , by application (Human Use and Animal Use) and major geographies. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Tuberculin market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Tuberculin market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Sanofi Pasteur (France), Zoetis (United States), Par Sterile (United States), Japan BCG (Japan), Thermo Fisher (United States), CNBG (China), Chirana T. Injecta (Belarus), Arkray (Poland), Merck& Co. Inc.(United States) and Abbott (United States).
Market Overview:
In August 2023, The Project to Accelerate New Treatments for Tuberculosis collaboration announced the start of a phase 2b/c clinical trial, sponsored by the Bill & Melinda Gates Medical Research Institute (Gates MRI). The trial will evaluate whether novel regimens that combine registered products and new chemical entities have the potential to effectively treat drug-sensitive TB (DS-TB) and inform the development of a "pan-TB" regimen capable of treating all forms of active pulmonary TB.
In this market, the competition is high due to the availability of key players. They are focusing on the research and development which will help the players to innovate.
Influencing Trend:
Increasing Expenditure on Health Care in Developing Countries and Development of Advanced Technologies
Market Growth Drivers:
Spreading Awareness about the Tuberculin and Government Initiatives on the Drugs Related to Tuberculosis
Challenges:
Limited Availability of Players, Multi Drug Resistant Tuberculosis and Lack of Facilities of Laboratory
Restraints:
Stringent Government Regulations are Hampering the Market and High Costs Associated with the Product
Opportunities:
Rising Geriatric Population Globally
Key highlights of the Global Tuberculin market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the Tuberculin market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Tuberculin market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Tuberculin Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Tuberculin market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Tuberculin market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.