Intravenous Immunoglobulin (IVIG) Market to grow with a CAGR of 7.2% over the forecast period 2020-2026

Intravenous Immunoglobulin (IVIG) Market

Global Intravenous Immunoglobulin (IVIG) Market

2020 Intravenous Immunoglobulin (IVIG) Market Size, Share and Trend Analysis Report to 2026- Growth Opportunities and Competitive Analysis

TEXAS, UNITED STATES, April 22, 2020 / -- Key factors driving the market growth include increasing geriatric population, increased prevalence of immunodeficiency diseases, improved Intravenous Immunoglobulin (IVIG) treatment acceptance and increased use of off-label indications.

Further, the primary reason for the production of Intravenous Immunoglobulin (IVIG) preparations is the growing number of patients with immunodeficiency disorders.

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In addition, rise in incidences of the diseases including hereditary disorders, PID, and other diseases to fuel the market demand for immunoglobulin therapies during the forecast period 2020-2026.

The demand for Intravenous Immunoglobulin (IVIG) therapies to overcome acquired and primary immunodeficiency diseases is increasing as it is the most successful & the only therapeutic choice available.

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The other factors to drive the market growth include increased prevalence of lifestyle related illnesses such as obesity & disorders with an antibody deficiency.

Regional interpretations of Intravenous Immunoglobulin (IVIG) Market growth

The major aspects attributing to the North American market growth comprise increasing understanding of drugs involved in the treatment of immunodeficiency diseases, increasing clinicians' propensity towards these therapies and the healthcare expenditure.

Changing lifestyles and growing geriatric population vulnerable to chronic diseases are some of the other factors that contribute to North American market growth.

In Asia Pacific, rising awareness and potential opportunities for immunoglobulin-based therapeutic therapies for primary immune deficiencies combined with rising geriatric populations drive the market growth in this region.

Certain factors leading to a markets growth in Asia Pacific region are emerging economies, increasing healthcare spending, and an increasingly growing demand for immunoglobulins.

Additionally, growing incidences of immune disorders, awareness levels linked to intravenous & subcutaneous immunoglobulin therapies, and improving medical facilities to boost market growth in this region.

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Intravenous Immunoglobulin (IVIG) Market participants to explore the growth opportunities

Novel developments, service implementations to trigger the market growth and creates key opportunities for the market players.

For instance, Dow University's research team prepared intravenous immunoglobulin (IVIG) with plasma obtained from recovered patients in 2020.

Further, in 2020, Octapharma USA is supported a new investigator initiated clinical trial led by Sharp Memorial Hospital in San Diego focused on treating the most critical patients with coronavirus.

In addition, BioLife Plasma Services implemented a unique protocol for collecting plasma from healthy individuals who have recovered from COVID-19 to enable development of a potential therapy for COVID-19.

Furthermore, in 2020, out of 3 Iranian countries two knowledge-based companies embarked on producing Intravenous Immunoglobulin (IVIG).

Other key players contributing to the Intravenous Immunoglobulin (IVIG) Market share include Biotest AG, Baxter International Inc., Octapharma AG, LFB Biotechnologies, Grifols SA, CSL Behring, China Biologics Products Inc., Kedrion Biopharma, and BDI Pharma Inc. among others.

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