Immunoglobulin Market Analysis, Share, Growth Trends and Forecast 2023-2029
Author : Ashwini Atole | Published On : 01 Feb 2024
Immunoglobulin market is expected to reach a value of US$ 12.29 billion by 2029, growing at a CAGR of 5.3% from 2023 to 2029.
This market plays a crucial role in supporting individuals with weakened immune systems by supplementing their naturally occurring antibodies.
To Know more about this report (Description, TOC and List of Tables and Figures)?—?Immunoglobulin Market
Market Overview:
- Market size: US$ 12.29 billion by 2029
- CAGR:3% from 2023 to 2029
- Key applications: Prevention of infectious diseases, treatment of immunodeficiency disorders, autoimmune diseases, neurological disorders
- Growth drivers: Rising prevalence of immunodeficiency diseases, increasing awareness and diagnosis, development of new applications, expansion of subcutaneous administration options
Key Players:
- Baxter
- CSL
- Grifols
- Octapharma
- Biotest
- China National Pharmaceutical Group
- CTBB
- Hualan Bio
- RAAS
- Shanxi Kangbao Biological
- Shuanglin Bio Pharm
- Sichuan Yuanda Shuyang Pharmaceutical
- Boya Bio
- Jiade Bio
- Weilun Bio
Drivers and Opportunities:
- Rising prevalence of immunodeficiency diseases like primary immunodeficiency (PID) and autoimmune diseases
- Increasing awareness and diagnosis of immunodeficiency disorders
- Development of new applications for immunoglobulins in neurological disorders like Guillain-Barre syndrome and chronic inflammatory demyelinating polyneuropathy (CIDP)
- Expansion of subcutaneous administration options, offering greater convenience and flexibility for patients
- Growth in emerging markets like Asia Pacific and South America
Segmentation by Type:
- Intramuscular Injection Human Immunoglobulin
- Intravenous Injection Human Immunoglobulin
Segmentation by Application:
- Prevention of measles, infectious hepatitis
- Primary immunoglobulin deficiency (PID)
- Secondary immunodeficiency
- Autoimmune diseases (e.g., rheumatoid arthritis, systemic lupus erythematosus)
- Neurological disorders (e.g., Guillain-Barre syndrome, CIDP)
Segmentation by Region:
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
The immunoglobulin market is experiencing steady growth due to several factors, including the rising prevalence of immunodeficiency diseases, increasing awareness and diagnosis, and the development of new applications.The expansion of subcutaneous administration options and the growth of emerging markets further contribute to the market's expansion.
However, challenges like high costs and limited access to treatment in certain regions still exist.
Overall, the market offers promising opportunities for companies engaged in research, development, and production of immunoglobulins.
