Major Factor Contributing to the Growth of Immunoglobulin Market: Global Opportunity Analysis and Industry Forecast, 2018-2025

Global Immunoglobulin Market was valued at $8,374 million in 2016, and is projected to reach $13,619 million by 2023, registering a CAGR of 7.3% from 2017 to 2023. Immunoglobulin is a protein produced by plasma cells and other lymphocytes. They are highly complex entities that exert their immunomodulatory effect on the different components of the immune system. They are obtained from blood by fractionation process and purified for therapeutic and non-therapeutic applications. Different classes of immunoglobulin such as IgG, IgA, and IgM are used for the treatment of various immunological and neurological diseases. These immunoglobulins can be administered intravenously and subcutaneously.

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The key companies profiled in the report include

• Baxter international Inc.,
• CSL Ltd,
• Grifols S.A,
• Octapharma AG,
• Kedrion Biopharma Inc.,
• LFB group,
• Biotest AG,
• China Biologics Products Inc.,
• BDI Pharma Inc., and
• Bayer Healthcare.

In 2016, North America accounted for maximum contribution to the total revenue generated, followed by Asia-Pacific. The major factors responsible for the growth of immunoglobulin market in these regions are the high adoption rate in developed and populous countries such as Japan and U.S. and the presence of large plasma production facilities.

Immunoglobulin is a blood/plasma product, which is prepared from the serum of multiple of donors, used to treat patients with antibody deficiency. The isolated plasma product is clinically treated and purified to Ig, which further facilitates the treatment. Immunoglobulin is applicable in various fields such as hematology, immunology, neurology, dermatology, nephrology, ophthalmology, and rheumatology.

Prevalence of various antibody deficiency disorders such as common variable immune deficiency (CVID), specific antibody deficiency, and hypogammaglobulinemia, increase in immunoglobulin indications, improved production & purification processes, growth in awareness towards antibody deficiency, and rare immune disorders among patient population drive the growth of the Immunoglobulin market. However, high costs associated with the immunoglobulin treatment; shortage of immunoglobulin; and side effects of immunoglobulin treatment such as headache, migraine, fever, nausea or vomiting, and cough hinder the market growth. Immunoglobulin products are widely used for the treatment of immunodeficiency disease, ITP, chronic lymphocytic leukemia (CLL), and others. Rise in geriatric population, increase in patient population of blood disorders, and high healthcare expenditure are anticipated to boost the market growth.

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Key Findings of the Immunoglobulin Market:

• Myasthenia Gravis segment is projected to grow at the fastest rate during the analysis period.
• Hypogammaglobulinemia was the highest revenue-generating segment, and is expected to continue its dominance in future.
• North America dominated global immunoglobulins market, and is projected to grow at a CAGR of 7.0% in terms of value.
• Saudi Arabia is expected to grow at the fastest rate in the LAMEA region, registering a CAGR of 11.8%. in terms of value.
• LAMEA segment was the fastest growing segment growing at a CAGR of 10.6% in terms of volume.

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