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HyperImmune Globulins Market Trends and Future Growth Outlook
HyperImmune Globulins Market
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According to The Business Research Company's, The hyperImmune globulins market size has grown strongly in recent years. It will grow from $1.78 billion in 2023 to $1.91 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increased government support, rise in healthcare expenditures., high prevalence of hepatitis b and rabies, rise in awareness of zoonotic diseases, and growth in the geriatric population.
The hyperImmune globulins market size is expected to see strong growth in the next few years. It will grow to $2.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to the increasing prevalence of infectious diseases, growing awareness about the benefits of hyperimmune globulin injections, increasing demand for immunoglobulins, rising prevalence of alpha-1 antitrypsin deficiency, rising incidence of immune deficiencies. Major trends in the forecast period include technological advancements and innovation, investment in research and development, demand for passive immunity treatments, advancements in plasma-derived therapies, and technological advancements in manufacturing.
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Market Drivers:
The increasing prevalence of infectious diseases is expected to propel the growth of the hyperimmune globulin market going forward. Infectious diseases are illnesses caused by harmful agents (pathogens) that get into your body, such as viruses, bacteria, fungi, and parasites. The increasing prevalence of infectious diseases can be attributed to factors such as antimicrobial resistance, climate change, and population growth. Hyperimmune globulins are utilized in infectious diseases to provide immediate passive immunity by delivering concentrated antibodies against specific pathogens, aiding in the prevention or treatment of diseases such as rabies, hepatitis B, or tetanus. For instance, in April 2024, according to the Centers for Disease Control and Prevention, a US-based government agency, chronic hepatitis B cases in the US increased by approximately 17% from 14,229 cases in 2021 to 16,729 cases in 2022. Therefore, the increasing prevalence of infectious diseases is driving the growth of the hyperimmune globulin market.
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Major Key Players of the Market:
F. Hoffmann-La Roche AG, Bayer AG, Takeda Pharmaceutical Company Limited, Baxter International Inc., CSL Ltd., Fresenius Kabi AG, Grifols SA, Octapharma AG, Shanghai RAAS Blood Products Co. Ltd., Emergent BioSolutions Inc., Kedrion Biopharma Inc., LFB SA, Hualan Biological Engineering Inc., FFF Enterprises Inc., Taibang Biologic Group, Bio Products Laboratory (BPL) Ltd., ADMA Biologics, Cangene Corporation, Kamada Ltd., Saol Therapeutics Inc., Omrix Biopharmaceuticals Ltd., Shire, Sichuan Yuanda Shuyang Pharmaceutical Co. Ltd., BioCare Inc.
HyperImmune Globulins Market 2024 Key Insights:
• The hyperImmune globulins market size is expected to see strong growth in the next few years. It will grow to $2.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• Rising Infectious Disease Prevalence Fuels Growth In The Hyperimmune Globulins Market
• North America was the largest region in the hyperimmune globulins market in 2023
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