PUBLISHER: Allied Market Research | PRODUCT CODE: 1414730
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414730
The immunoglobulin market is likely to experience a significant growth rate of 6.6% from 2023-2032 owing to increasing market demand of intravenous segment - Allied Market Research
The growth of the immunoglobulin market is primarily propelled by the escalating prevalence of life-threatening diseases, including immunodeficiency disorders, Chronic Inflammatory Demyelinating Polyneuropathy (CIDP), Idiopathic Thrombocytopenic Purpura (ITP), and others. The increasing aging population, vulnerable to infections, further contributes to market expansion. Additionally, the expanding applications of immunoglobulins in treating autoimmune diseases and neurologic disorders play a pivotal role in driving market growth. These key factors collectively underscore the crucial role of immunoglobulins in addressing a diverse range of medical conditions, fueling innovation, and meeting the healthcare needs of a broad patient demographic.
Furthermore, the presence of reimbursement policies is further anticipated to potentially drive the market growth. Reimbursement policies play a pivotal role in facilitating patient access to immunoglobulin therapies by alleviating the financial burden associated with high treatment costs. As these policies provide financial support and coverage for immunoglobulin treatments, they enhance affordability for patients, making therapies more accessible and attractive for healthcare providers. Furthermore, reimbursement policies incentivize pharmaceutical companies to invest in research, development, and production, fostering innovation in the field. For instance, Octapharma USA received Medicare Part B approval of cutaquig 16.5% for adult primary immunodeficiency patients. In addition, owing to the approval, Octapharma increased its production of cutaquig by more than 45%, to meet patient needs. Thus, the presence of reimbursement policies not only benefit the patients but also incentivize pharmaceutical companies, thereby driving the market growth.
The immunoglobulin market is segmented on the basis of application, mode of delivery, distribution channel, and region. On the basis of application, the market is classified into primary immunodeficiency disease, chronic inflammatory demyelinating polyneuropathy (CIDP), myasthenia gravis, multifocal motor neuropathy, idiopathic thrombocytopenic purpura, Guillain-Barre syndrome and others. On the basis of mode of delivery, the market is categorized into intravenous, subcutaneous and intramuscular. The intravenous segment is further divided into 5% concentration, 10% concentration, and others. The subcutaneous segment is further divided into 16.5% concentration, 20% concentration, and others. Depending on distribution channel, the market is fragmented into hospital pharmacy, drug stores & retail pharmacy, and others. Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
The major key players that operate in the global immunoglobulin market are CSL, Kedrion, SpA, Takeda Pharmaceutical Company Limited, Bio Products Laboratory Limited, Taibang Biological Group Co., Ltd Grifols, S.A., Octapharma AG, Pfizer Inc., LFB Group, and Prothya Biosolutions.
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