Expanding Applications and Growing Demand: The Promising Future of the Intravenous Immunoglobulin Market: Allied Market Research

Intravenous Immunoglobulin, also known as IVIG, is a medication made up of antibodies that are extracted from donated blood. These antibodies can help boost the immune system and fight off infections and diseases.

IVIG is given through a vein (intravenously) and works by providing the body with a large dose of antibodies that it may not be able to produce on its own. It can be used to treat a variety of conditions, including autoimmune disorders, primary immunodeficiency diseases, and certain neurological conditions.

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IVIG is typically administered in a hospital or clinic setting, and the dosage and frequency of treatment can vary depending on the individual's condition. It is generally considered a safe treatment option, but like all medications, there can be some side effects such as headache, fever, and nausea.

Overall, IVIG can be an effective treatment option for certain conditions and can help support the body's immune system to fight off infections and diseases.

Rise in prevalence of autoimmune disorders across the globe and surge in demand for intravenous immunoglobulin for treating neurological disorders supplement the growth of the intravenous immunoglobulin (IVIG) market.

The global market for Intravenous Immunoglobulin (IVIG) is expected to grow significantly in the coming years. This growth is driven by several factors, including an increase in the prevalence of immunodeficiency disorders, an aging population, and the growing demand for IVIG in emerging markets.

According to a market research report by Allied Market Research, the global IVIG market was valued at around $10 billion in 2020 and is expected to reach over $16 billion by 2028, growing at a CAGR of 6.1% during the forecast period.

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The report also suggests that North America will continue to dominate the global IVIG market due to a large patient pool suffering from immunodeficiency disorders, while Asia Pacific is expected to witness the fastest growth during the forecast period, driven by the increasing prevalence of autoimmune and neurological disorders in the region.

Moreover, the ongoing research and development activities aimed at expanding the therapeutic applications of IVIG are also expected to contribute to the growth of the market. For instance, there is ongoing research into the use of IVIG for the treatment of Alzheimer's disease and multiple sclerosis, which could open up new avenues for the market in the future.

Overall, the future market for IVIG looks promising, with a growing demand for the treatment and ongoing research and development activities aimed at expanding its therapeutic applications.

Intravenous Immunoglobulin (IVIG) is used to treat a wide range of conditions that are caused by or associated with deficiencies or abnormalities in the immune system. Some of the segments or conditions that may benefit from IVIG treatment include:

Primary immunodeficiency diseases: These are genetic disorders that affect the immune system's ability to fight off infections. Examples include X-linked agammaglobulinemia, common variable immunodeficiency, and severe combined immunodeficiency.

Autoimmune disorders: These are conditions in which the immune system attacks the body's own tissues and organs. Examples include systemic lupus erythematosus (SLE), rheumatoid arthritis, and myasthenia gravis.

Neurological disorders: IVIG can be used to treat certain neurological conditions, such as Guillain-Barré syndrome, chronic inflammatory demyelinating polyneuropathy (CIDP), and multifocal motor neuropathy.

Hematologic disorders: IVIG can also be used to treat certain blood disorders, such as immune thrombocytopenic purpura (ITP) and hemolytic anemia.

In general, IVIG is used when traditional treatments have failed or when a rapid boost to the immune system is needed. The specific use of IVIG will depend on the individual's condition and medical history.

North America accounted for the largest share in the global market, followed by Asia-Pacific. The major factors responsible for the growth of the intravenous market in these regions include high adoption rate in developed and populous countries such as Japan and the U.S. coupled with the presence of large plasma production facilities.

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Key market players

The key players analyzed 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., Shire (Baxalta), and Bayer AG. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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