Rise in prevalence of autoimmune disorders across the globe and surge in demand for intravenous immunoglobulin for treating neurological disorders supplement the growth of the intravenous immunoglobulin (IVIG) market.
The key companies profiled in the report include
- Baxter International Inc;
- CSL Ltd., Grifols, S.A.;
- Octapharma AG,
- Kedrion Biopharma Inc.,
- LFB Group,
- Biotest AG,
- China Biologics Products, Inc.;
- Shire (Baxalta);
- Bayer AG
The report offers a detailed segmentation of the global IVIG market based on application, type, and geography. By application, the market is divided into hypogammaglobulinemia, chronic inflammatory demyelinating polyneuropathy (CIDP), immunodeficiency disease, myasthenia gravis, multifocal motor neuropathy, idiopathic thrombocytopenic purpura (ITP), inflammatory myopathies, specific antibody deficiency, Guillain‐Barre syndrome, and others. Hypogammaglobulinemia accounted the largest market share in 2015 and is expected to continue this trend during the forecast period. The growth of this segment is assisted by a large patient population, lack of effective substitute treatment, and early adoption of IVIG to treat the medical disorder.
The Global Intravenous Immunoglobulin (IVIG) Market was valued at $7,861 million in 2015 and is projected to reach $12,632 million by 2022, registering a CAGR of 7.1% from 2016 to 2022. Rise in prevalence of autoimmune disorders across the globe and surge in demand for intravenous immunoglobulin for treating neurological disorders supplement the growth of the IVIG market.
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The market is driven by a number of factors, especially the emergence of myriad antibody deficiency disorders such as common variable immune deficiency (CVID), specific antibody deficiency, and hypogammaglobulinemia as well as rare immune disorders among patient population. Other factors that drive that push the market forward are an increase in immunoglobulin indications, improved production & purification processes, and a growth in awareness toward antibody deficiency. However, market growth faces hindrance from stringent government regulations towards immunoglobulin products and the high risk of side effects with IVIG treatment.
The global IVIG market is also divided into various types of immunoglobulin, including IgG, IgA, IgM, IgE, and IgD. In 2015, North America accounted for the largest share in the global market, followed by Asia-Pacific in second place. High adoption rate in developed and populous countries such as the U.S. and Japan along with the presence of large plasma production facilities have contributed to the growth of IVIG usability in these regions.
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