Immunoglobulins Market By Administration (Intravenous, Subcutaneous, Intramuscular), By Application (Neurology, Immunology, Hematology), By End User (Hospitals, Clinics, Homecare) & By Region (Europe, North America, Asia Pacific) - Global Market Insi
The global immunoglobulins market is set to reach US$ 14 billion in 2023. Over the next ten, the global market size will nearly double and reach US$ 27 billion by 2033. Global immunoglobulin demand is forecast to rise at 6.8% CAGR between 2023 and 2033.
Increasing prevalence of autoimmune disorders is driving the global immunoglobins market. In recent years, there has been increase in cases of chronic inflammatory demyelinating polyneuropathy, hypogammaglobulinemia, and other diseases. This has created high demand for immunoglobins.
Rising awareness about higher effectiveness of immunoglobulins against auto-immune diseases will boost market.
Immunoglobulins are proteins present in serum and cells of immune system. These proteins function as antibodies and help to fight infections. They help the immune system to detect and neutralize foreign objects such as pathogenic viruses and bacteria.
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Rising usage in medical and research applications will elevate immunoglobulin demand through 2033. In medical applications, immunoglobulins are being used for disease diagnosis & disease therapy.
For instance, targeted monoclonal antibody therapy is utilized for treating conditions such as multiple psoriasis and arthritis. It is also employed for treating various forms of cancer. Hence, rising cases of these diseases will boost the global immunoglobulins market.
Rising awareness of early detection is likely to support immunoglobulin market expansion. Also, increasing medical spending and rising preference for personalized medicine will impact sales.
Growing geriatric population will also trigger development of the immunoglobulin market. Further, presence of favorable reimbursement policies and new product launches & approvals will boost the market.
The immunoglobulin market will also benefit from increasing research and development activities. Large amounts are being spent to develop novel treatment therapies for autoimmune diseases. This will create lucrative growth opportunities for immunoglobulin companies.
With around 60% market share, intravenous segment dominates the global immunoglobulins market. This is due to rising preference for administering immunoglobulins through intravenous mode.
North America currently dominates the global immunoglobulins market with a share of around 50%. High acceptance of immunoglobulin therapies is providing impetus to North America market. Besides this, presence of an advanced healthcare sector will support market expansion.
Key Takeaways:
Growth Drivers:
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Competitive Landscape:
Leading immunoglobulin companies are focusing on developing novel therapies and receiving approvals. They are also forming alliances and collaborations with other players. Besides this, they are adopting merger & acquisitions strategy to expand their presence.
For instance,
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More Valuable Insights on Immunoglobulins Market
In the up-to-date study, Fact.MR offers a detailed study of the global immunoglobulins market for the forecast period of 2023 to 2033. This study also highlights key drivers impacting the sales of immunoglobulins through detailed segmentation as follows:
Administration:
Application:
End User:
Region:
Key Questions Covered in the Immunoglobulins Market Report
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Immunoglobulins Market , Immunoglobulins market in Neurology , Immunoglobulins market in immunology , Immunoglobulins market in hematology
Jun 27, 2023