The Global Immunoglobulin Market size is estimated to be USD 11.28 billion in 2019 and is predicted to reach USD 22.32 billion by 2030 with a CAGR of 6.4% from 2020-2030.
Immunoglobulin’s are glycoprotein produced by plasma cells and act as antibody which activates the immune system for the production of antibodies against disease causing agents such as virus, bacteria and others. These are highly complex in nature and structure and exceedingly specific. There are classified into different classes and isotopes, biological features, target structure and others.
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Top Companies: CSL Ltd., Baxter international Inc., Octapharma AG, Grifols S.A, LFB SA, Kedrion Biopharma Inc., China Biologics Products, Inc., Biotest AG, Shire (Baxalta), and Bayer Healthcare
Market Dynamics and Trends
Key factors fueling the growth of the immunoglobulin market during the forecast period are increase in geriatric population along with rise in the number of hemophilic patients. Additionally, advanced technology coupled with enhanced purification processes have paved the way for improved immunoglobulin production. Other factors such as prevalence of chronic inflammatory diseases in conjunction with increasing awareness and reduced side effects are anticipated to drive market growth during the forecast period. However, stringent government regulations along with risk of side effects are factors expected to hamper the immunoglobulin market growth. On the other hand, innovation, research and development are anticipated to create numerous opportunities in the immunoglobulin market during the forecast period.
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Market Segmentations and Scope of the Study:
The immunoglobulin market is segmented on the basis of product, application, mode of delivery and region. On the basis of product, the market is segmented into IGG, IGA, IGM, IGE and IGD. On the basis of application, the market is segmented into Hypogammaglobulinemia, Chronic Inflammatory Demyelinating Polyneuropathy (CIDP), Primary Immunodeficiency Disease, Myasthenia Gravis, Multifocal Motor Neuropathy, Idiopathic Thrombocytopenic Purpura (ITP), Inflammatory Myopathies, Specific Antibody Deficiency, Guillain Barre Syndrome, and Others. On the basis of mode of delivery, the market is segmented into intravenous and subcutaneous. Intravenous is sub segmented into 5% concentration, 10% concentration and others. Subcutaneous is sub segmented into 16.5% concentration, 20% concentration and others. Based on geography the market is segmented into North America, Europe, Asia Pacific and RoW.
North America currently dominates the market and is anticipated to maintain its dominance throughout the forecast period. This is attributed to the factors such as presence of developed economies along with the rising prevalence of hemophilia. Also, other factors such as developed healthcare facilities, improved infrastructure and enhancement in technologies related to purification are anticipated to further propel the growth of the immunoglobulin market.
However, Asia Pacific is predicted to show rapid and consistent growth in market share within the forecast period owing to the increase in accessibility of healthcare facilities coupled with rising inflammatory diseases. Also, rising geriatric population in this region is expected to add revenue to the immunoglobulin market during the forecast period.
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