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At a CAGR of 6.2%, Immunoglobulins Market Size is Anticipated to Reach USD 27.7 Billion by 2031 | TMR Research

07-29-2024 12:28 PM CET | Health & Medicine

Press release from: Transparency Market Research

Immunoglobulins (Ig), also known as antibodies, are glycoprotein molecules produced by plasma cells in response to antigens. They play a critical role in the immune system by identifying and neutralizing pathogens such as bacteria and viruses. The immunoglobulins market encompasses various therapeutic and diagnostic applications, including the treatment of immune deficiencies, autoimmune diseases, and infectious diseases. This article explores the current state, trends, and future prospects of the immunoglobulins market.

Immunoglobulins Market (면역글로불린 시장) is expected to grow at a CAGR of 6.2% from 2023 to 2031 and reach US$ 27.7 Bn by the end of 2031

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Overview of Immunoglobulins Market
The global immunoglobulins market is expanding due to the rising prevalence of immune deficiencies, autoimmune diseases, and the increased use of immunoglobulins in medical diagnostics and research. The market is segmented by product type (Intravenous Immunoglobulins (IVIG), Subcutaneous Immunoglobulins (SCIG), others), application (primary immunodeficiency diseases, autoimmune diseases, acute infections, others), end-users (hospitals, specialty clinics, research institutes), and geographical regions.

Top Companies:

Shire
CSL Behring
Kedrion Biopharma Inc.
Grifols, S.A.
Octapharma
China Biologic Products Holdings, Inc.
Biotest AG
Sanquin
LFB SA

Recent Developments in Immunoglobulins Market
Recent advancements and trends in the immunoglobulins market include:

Advancements in Manufacturing: Innovations in manufacturing processes enhancing the purity, safety, and efficacy of immunoglobulin products.
Subcutaneous Administration: Increasing preference for subcutaneous immunoglobulin (SCIG) therapy due to its convenience and fewer systemic side effects compared to intravenous administration.
New Indications: Expansion of therapeutic indications for immunoglobulins, including neurological disorders and hematological conditions.
Recombinant Immunoglobulins: Development of recombinant immunoglobulins offering a consistent and scalable alternative to plasma-derived immunoglobulins.
Diagnostic Applications: Growing use of immunoglobulins in diagnostic applications, including disease detection and monitoring of immune responses.

Drivers of Market Growth
Several factors contribute to the growth of the immunoglobulins market:

Rising Prevalence of Immune Deficiencies: Increasing incidence of primary and secondary immune deficiencies driving demand for immunoglobulin therapies.
Advancements in Medical Research: Continuous advancements in medical research leading to the discovery of new therapeutic applications for immunoglobulins.
Aging Population: Growing aging population more susceptible to immune deficiencies and autoimmune diseases, thereby increasing the need for immunoglobulin treatments.
Improved Healthcare Access: Enhanced access to healthcare services and therapies in emerging markets promoting the use of immunoglobulin products.
Regulatory Approvals: Supportive regulatory frameworks and expedited approval processes for new immunoglobulin products facilitating market growth.

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Conclusion

The immunoglobulins market is poised for significant growth, driven by the rising prevalence of immune deficiencies, advancements in medical research, aging population, improved healthcare access, and supportive regulatory frameworks. Innovations in manufacturing processes, subcutaneous administration, new therapeutic indications, recombinant immunoglobulins, and diagnostic applications are enhancing the potential and efficacy of immunoglobulin products.

Market Segmentation

Application
Neurology
Immunology
Hematology
Others

Route of Administration
Intravenous
Subcutaneous
Intramuscular

End-user
Hospitals
Clinics
Homecare

Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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