Global Intravenous Immunoglobulin Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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Global Intravenous Immunoglobulin Market: Overview
“The global Intravenous immunoglobulin Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Intravenous immunoglobulin (IVIG) is a type of blood product prepared from the serum. IVIGs are sterile products and purified IgG products are manufactured from pooled human plasma.
Some of the diseases that intravenous immunoglobulin therapy can treat includes, immune deficiencies like immune thrombocytopenia, Kawasaki disease, lupus, myositis, chronic inflammatory demyelinating polyneuropathy, etc.
There are many brands available of IVIG in market. Different brands contain different levels of antibodies in the formulations.
IVIG is given generally through an intravenous route of administration. The length of the infusion may depend on the brand used as well as protocol at the hospital or infusion center.
Global Intravenous Immunoglobulin Market: Dynamics
Increasing number of hemophilic patients globally is a key factor and is anticipated to drive growth of the target market over next ten years. In addition, rising prevalence diseases such as hypogammaglobulinemia, chronic inflammatory demyelinating polyneuropathy, and others. Moreover, increasing geriatric population, rapidly increasing number of various types of neurological disorders and increasing investments in research and development activities of new products development by private as well as government bodies.
The aforementioned are some of the other factors expected to boost revenue growth of the global intravenous immunoglobulin market over the forecast period. However, high cost and expense of therapy and stringent health regulations related to IVIG products are the factor expected to restraint revenue growth of the target market to a certain extent.
Global Intravenous Immunoglobulin Market: Segment Analysis
Among the application segments, myasthenia gravis is anticipated to hold for largest market share in terms of revenue. This is primarily attributed to, it is a type of autoimmune disorder of the postsynaptic neuromuscular junction which is characterized by weakness in bulbar, ocular, respiratory muscles, and limb.
IVIG for treatment myasthenia gravis aids in destroying and neutralize autoantibodies in the bloodstream and block the production of new autoantibodies.
Global Intravenous Immunoglobulin Market: Trends
The key trends observed in the target market currently are, the established player in the market space is focus on receiving regulatory approval of FDA and thereby expanding its product offering as well as gaining more market share in the global market.
In addition, players are adopting for various others extensive growth strategies such as distribution and other collaborative agreements in order to increase its share as well as market penetration into developing countries.
Global Intravenous Immunoglobulin Market: Regional Analysis
In 2018, the markets in North America is anticipated to hold major share in the target market over the forecast period. This is primarily due to, presence of the large plasma production facilities in US and increasing geriatric population that are suffering from various type of chronic diseases.
The market in Asia Pacific is anticipated witnessed highest CAGR in terms of revenue growth over the forecoming years. This is primarily due to, growing healthcare spending, rising incidences of immune disorders and diseases, and increasing awareness levels regarding immunoglobulin therapies in countries in the region.
Global Intravenous Immunoglobulin Market Segmentation:
Segmentation by type:
Segmentation by application:
- Chronic Inflammatory Demyelinating Polyneuropathy (CIDP)
- Immunodeficiency Disease
- Myasthenia Gravis
- Others (include, Multifocal Motor Neuropathy, Idiopathic Thrombocytopenic Purpura (ITP), Inflammatory Myopathies, Specific Antibody Deficiency, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Hualan Biological Engineering Inc.
- Omrix Biopharmaceuticals Ltd.
- Behring GmbH
- Shanghai RAAS Blood Products Co., Ltd.
- Option Care Enterprises, Inc.
- ADMA Biologics, Inc.
- BioScrip, Inc.
- BDI Pharma, Inc.
- Grifols SA
- Octapharma AG
- Biotest AG
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