Press release
Intravenous Immunoglobulin Market Size, Share, Regional Demand and Geographical Forecast till 2030
The Intravenous Immunoglobulin Market was valued at US$ 11,206.54 million in 2021 and is expected to reach value of US$ 18,672.55 million by 2028; it is estimated to grow at a CAGR of 7.6% from 2022 to 2028.Rising prevalence of immunodeficiency diseases and the increasing geriatric population fuel the overall market growth.
According to the National Institute of Allergy and Infectious Diseases (NIAID), over 200 different types of primary immune deficiency diseases (PIDDs) affect about 500,000 people in the US. The rare genetic diseases can be chronic, weak, and expensive to treat. Immune Thrombocytopenia (ITP) is an autoimmune bleeding disorder characterized by abnormally low levels of platelets, a situation referred to as thrombocytopenia.
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Analysis of the Top Market Players:
1. Takeda Pharmaceutical Company Limited
2. Grifols, S.A.
3. Pfizer Inc.
4. ADMA Biologics Inc.
5. Bio Products Laboratory Ltd.
6. Shanghai RAAS
7. Octapharma AG
8. Kedrion S.p.A
9. CSL Behring (CSL Limited)
10. Prothya Biosolutions B.V.
In this report, the market has been segmented on the basis of:
Type (IgG, IgM, IgA, IgE, and IgD)
Application (Hypogammaglobulinemia, Chronic Inflammatory Demyelinating Polyneuropathy, Immunodeficiency Diseases, Myasthenia Gravis, Multifocal Motor Neuropathy, Idiopathic Thrombocytopenic Purpura, Inflammatory Myopathies, Specific Antibody Deficiency, Guillain-Barre syn)
According to the Rare Diseases Organization, around 200,000 ITP cases are recorded worldwide annually. Further, according to the United Nations Population Division, World Population Prospects 2019, Asian and European countries have some of the world's oldest populations aged 65 and over. Japan being at the top with 28%, followed by Italy at 23%. Furthermore, Finland, Portugal, and Greece are among the top five countries with aged population under 22%. Many of the patients treated with IVIG are above the age of 60 years. With aging, the ability to produce T-cells to fight diseases gets significantly reduced. Thus, an older person's body is easily prone to several infections and diseases, which increases the demand for immune therapies that involve the use of IVIg. Thus, the rise in immunodeficiency diseases and the increasing geriatric population globally bolster the growth of the intravenous immunoglobulin market.
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Intravenous Immunoglobulin Market: Segmental Overview
Based on the type, the intravenous immunoglobulin market is segmented into IgG, IgM, IgA, IgE, and IgD. The IgG type immunoglobulin segment will hold the largest market share in 2021. However, the handheld segment is anticipated to register the highest CAGR during the forecast period owing to its wide application of IgG in treating several disorders. Based on application, the intravenous immunoglobulin market is segmented into hypogammaglobulinemia, chronic inflammatory demyelinating polyneuropathy, immunodeficiency diseases, myasthenia gravis, multifocal motor neuropathy, idiopathic thrombocytopenic purpura, inflammatory myopathies, specific antibody deficiency, Guillain-Barre syndrome, and others. In 2021, the immunodeficiency diseases segment will likely hold the market's largest share. Moreover, the same segment is expected to witness growth in its demand at the fastest CAGR from 2022 to 2028 due to the rising prevalence of immunodeficiency diseases and increasing FDA approvals for IVIg products to treat immunodeficiency.
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