Intravenous Immunoglobulin Market
The intravenous immunoglobulin market is a rapidly growing sector in the pharmaceutical industry. IVIG is a blood product that is made from the plasma of healthy donors and is used to treat a variety of conditions such as immune deficiencies, autoimmune disorders, and neurological diseases.
The global Intravenous Immunoglobulin market has been evaluated as moderately growing market and it is expected that the market will continue to grow similarly in the near future. The demand for new products and therapy is growing continuously. The intravenous immunoglobulin market size is expected to grow by 7.50% and is expected to reach USD 20.96 Billion during the forecast period
The market is dominated by a few key players, including Baxter International, Grifols S.A., CSL Behring LLC, Octapharma AG, Kedrion S.p.A., and Biotest AG. These companies are investing in research and development to expand their product offerings and improve the efficacy and safety of IVIG products.
North America dominates the IVIG market due to the high prevalence of autoimmune diseases and the availability of advanced healthcare infrastructure. However, Asia Pacific is expected to grow at the fastest rate due to the increasing healthcare expenditure and rising awareness about immunodeficiency disorders and autoimmune diseases in the region.
Major Key Players:
Some of the Intravenous Immunoglobulin Market Players are ABEONA THERAPEUTICS (US), Baxter (US), BDI Pharma (US), Biotest AG.(Germany),, China Biologic Products, Inc. (China), CSL Behring (US), Grifols Inc. (Spain), Kedrion S.p.A (us), Octapharma (Switzerland), Shire (Republic of Ireland), AND others.
Segment Analysis
Intravenous Immunoglobulin market has been segmented on the basis of type which comprise Plaque psoriasis, Scalp psoriasis, Nail psoriasis, Guttate psoriasis, Inverse psoriasis, Pustular psoriasis, Erythrodermic psoriasis and others. Plaque psoriasis is most common type and about 80% of the cases are plaque psoriasis.
On the basis of ivig treatment type it segmented into Topical corticosteroids, Vitamin D analogues (Calcipotriene, Calcitriol), Anthralin, Topical retinoids (Retinol, Tretinoin (retinoic acid / retin-A /Steiva-A), Adapalene (Differin), Tazarotene), Calcineurin (tacrolimus (Prograf), pimecrolimus (Elidel)), Salicylic acid, Coal tar, Moisturizers, and Others. Vitamin D analogs such as Calcipotriene and Calcitriol very helpful and helps to slow skin cell growth. Topical retinoids like are Retinol, Tretinoin (retinoic acid / retin-A /Steiva-A), Adapalene (Differin), Tazarotene are vitamin A derivatives that helps to reduce inflammation.
Regional Analysis
The North American region, heading with the presence of a large number of key players and a well-established healthcare sector accounts for the leading market in the global IVIg market.
The US market backed by the high expenditure on healthcare accounts for the largest contributor to the growth of the regional market. Moreover, the increasing prevalence of immunodeficiency disorder and rising demand for treatment measures provide impetus to market growth.
The intravenous immunoglobulin market in the European region accounts for the second-largest market, globally.
The IVIg market in Europe is fostered by the high per capita income and robust healthcare penetration in the region. The strong market growth in countries like Germany France drives the regional market growth, large scale. Moreover, factors such as the increasing investments in healthcare and the rising number of patients with immune system diseases are helping the market to create a larger revenue pocket.
The Asia Pacific intravenous immunoglobulin market is expected to perceive an exponential growth. Factors such as the vast population and the burgeoning medical treatment market, especially in India China, drive the growth of the regional market. Vietnam, Thailand, and Malaysia among the other South East Asian countries are projected to contribute significantly to the market growth in the region. With the growing Medical Tourism markets in India Malaysia, the APAC region will register a significant CAGR during the review period.
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