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Intravenous Immunoglobulin Market (Indication: Chronic Inflammatory Demyelinating Polyneuropathy, Primary Humoral Immunodeficiency, Idiopathic Thrombocytopenic Purpura, Guillain-Barre Syndrome, Myasthenia Gravis, Multifocal Motor Neuropathy, Kawasaki Dise
Report OverviewThe size of the global intravenous immunoglobulin market was estimated to be USD 11.1 billion in 2021 and is anticipated to increase at a CAGR of 7.3% from 2023 to 2032. The primary factors driving the market include the growing elderly population, rising immunodeficiency disease prevalence, rising usage of intravenous immunoglobulin (IVIG) therapies, and rising off-label indications. The development of IVIG preparations is mostly due to the increase in patients with immunodeficiency diseases.
Overview of Intravenous Immunoglobulin Market
Gamma globulin G (IgG) is a protein that is present in immunoglobulins, which are highly pure, sterile-specific medicinal therapeutic solutions. These are produced from a highly processed pool of human plasma that has been gathered from at least 100 donors. There are three main ways to deliver immunoglobulins: intramuscularly, intravenously, and subcutaneously. Since it is painful, the intramuscular route of administration, which is a relatively ancient procedure, is no longer chosen. In the past few decades, intravenous immunoglobulin has become a lifesaver for people with weakened immune systems.
Market Opportunities of Intravenous Immunoglobulin Market:
One of the US industries with the highest R&D expenditures is the pharmaceutical sector. The research-based sector invests more than US$ 50 billion in R&D each year, allocating roughly 15-20% of revenues to these operations. Over half of the world's new compounds were created in the last ten years in the US, which also leads the world in creative R&D investments. North America accounted for 48.7% of worldwide pharmaceutical sales in 2019 compared to Europe's 22.9%, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA). The US market accounted for 62.3% of sales of new medications introduced between 2014 and 2019, compared to 18.4% on the European market.
Intravenous Immunoglobulin Market Analysis and Size
A sizable pool of human plasma, drawn from at least 100 donors, is used to make immunoglobulin. Although a traditional form of administration, intramuscular injection is not currently chosen due to its discomfort. In recent years, intravenous immunoglobulin has become a lifesaver for individuals with weakened immune systems. The market is expected to expand as a result of the rising prevalence of target diseases including primary immunodeficiency diseases.
Scope Of The Report:
The descriptive overview of intravenous immunoglobulin is covered in the study, along with information on its causes, symptoms, pathophysiology, diagnosis, and current treatment options.
The incidence and management of intravenous immunoglobulin in the 7MM have been thoroughly examined.
The appraisal of new therapies, which will have an impact on the existing therapeutic landscape, is also offered, along with an exhaustive review of both the current and emerging therapies for intravenous immunoglobulin.
The research includes a thorough analysis of the intravenous immunoglobulin industry, both historical and forecasted, encompassing drug outreach in the 7MM population.
Through an awareness of the trends influencing and driving the worldwide intravenous immunoglobulin market, the study gives readers a competitive edge when establishing business strategies.
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Market Segmentations:
Global Intravenous Immunoglobulin Market: Major Players
China Biologic Products
Baxter
Grifols
Octapharma
Shanxi Kangbao Biological Product
Biotest
CSL
RAAS
China National Pharmaceutical Group Corporation
LFB group
Kedrion Biopharma Inc.
Hualan Bio
BDI Pharma Inc.
Bayer Healthcare.
Global Intravenous Immunoglobulin Market: By Types
Intravenous administration
Subcutaneous administration
Global Intravenous Immunoglobulin Market: By Applications
Hypogammaglobulinemia
CIDP
Congenital AIDS
Global Intravenous Immunoglobulin Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Intravenous Immunoglobulin market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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COVID-19 Pandemic to Fuel Growth of Intravenous Immunoglobulin Market
The global intravenous immunoglobulin market is increasingly likely to increase as the COVID-19 epidemic progresses. According to a December 2020 article titled "COVID-19 in patients with primary and secondary immunodeficiency: The United Kingdom experience," out of 100 people with primary immunodeficiency (PID), symptomatic secondary immunodeficiency (SID), autoinflammatory diseases, and C1 inhibitor deficiency, 70% had the SARS-CoV-2 virus, 59% had been admitted to hospitals, and 8% had been placed in intensive care units. Therefore, during the pandemic, an increase in immune-compromised people who are more vulnerable to contract COVID-19 is projected to drive the worldwide intravenous immunoglobulin market.
Frequently Asked Questions About This Report
• How big is the intravenous immunoglobulin market size?
• What are the key companies of intravenous immunoglobulin market?
• What are intravenous immunoglobulin market opportunities?
• What are the market drivers for intravenous immunoglobulin market?
• What is the intravenous immunoglobulin market growth rate?
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