USD 11.16 billion
Report ID: SQMIG35A2611 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 100 | Figures: 69
Global Intravenous Immunoglobulin Market size was valued at USD 11.16 billion in 2021 and is poised to grow from USD 11.98 billion in 2022 to USD 21.05 billion by 2030, growing at a CAGR of 7.3% in the forecast period (2023-2030).
The market for intravenous immunoglobulin (IVIG) is propelled by several key drivers, including the burgeoning geriatric population, a surge in immunodeficiency diseases, wider adoption of IVIG treatments, and the expanding use of off-label indications. The escalating prevalence of patients grappling with immunodeficiency disorders remains a primary catalyst behind the development and demand for IVIG preparations.
This global market is experiencing rapid expansion, attributed to a growing number of patients contending with bleeding issues and Chronic Inflammatory Demyelinating Polyneuropathy (CIDP). The increased investments in the healthcare sector further support the growth of the IVIG market.
Moreover, the mounting incidence of autoimmune illnesses and various pathological conditions contributes significantly to the expanding market landscape for IVIG products, underscoring their pivotal role in addressing diverse medical needs.
Global Market Size
USD 11.16 billion
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The global Intravenous Immunoglobulin market is segmented into four segments i.e. by Application, Type, Distribution Channel, and Region. Based on Application the market is segmented as, Hypogammaglobulinemia, Chronic Inflammatory Demyelinating Polyneuropathy, Immunodeficiency Diseases, Congenital AIDS, Chronic Lymphocytic Leukemia, Myasthenia Gravis, Multifocal Motor Neuropathy, ITP, Kawasaki Disease, Guillain-Barre Syndrome, Others. Based on Type the market is segmented as, IgG, IgM, IgA, IgE, IgD. Based on Distribution Channel the market is segmented as, Hospital Pharmacy, Specialty Pharmacy, Others. Based on Regional the market is segmented as, North America, Asia Pacific, Latin America.
Analysis by Application
In 2022, immunodeficiency diseases emerged as a dominant force in the market, commanding a substantial revenue share exceeding 20.30%. This dominance is attributable to the escalating incidence of both primary and acquired immunodeficiency diseases (PID & AID). Treating PID & AID often requires IV antibiotics to combat infections, with IVIG replacement therapy standing out as the premier alternative for managing these conditions. Consequently, the sector is poised for steady growth in the foreseeable future.
The chronic inflammatory demyelinating polyneuropathy (CIDP) segment secured the second-largest share in the IVIG market based on its application. Commonly identified in patients with diabetes mellitus, CIDP treatment typically involves the utilization of immunosuppressive drugs, steroids, and plasmapheresis. IVIG stands out as a highly effective and enduring alternative to these conventional methods. Its adoption is bolstered by associated benefits such as safety, minimally invasive administration, and user-friendly treatment options.
Analysis by Distribution Channel
The forecast period anticipates significant growth within the specialty pharmacy segment, primarily due to the inherent advantages they offer in facilitating convenient home-based treatments. Specialty pharmacies play a pivotal role in this trajectory, providing ease of access and administration for specialized medications at patients' homes. As the landscape of pharmacy business evolves, specialty drugs have emerged as a crucial and dynamic sector.
In 2022, the hospital pharmacy segment established its dominance within the market, securing a substantial revenue share exceeding 57.83%. This prevalence stems from the widespread reach of hospitals housing these pharmacies, providing convenient access to a diverse array of pharmaceutical products. Moreover, the global upsurge in hospitalizations due to conditions like primary immune deficiencies, hepatitis C, and several other diseases has notably influenced consumer behavior.
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In 2022, North America emerged as the leading force within the market, securing a commanding revenue share of 46.51%. The region's dominance stems from several pivotal factors fostering its market growth. Notably, there has been a substantial uptick in awareness regarding products designed to address immunodeficiency diseases, fostering a deeper understanding among both healthcare professionals and the general populace.
Asia Pacific is positioned for remarkable growth, propelled by a convergence of key factors. Heightened awareness and increasing opportunities surrounding the adoption of immunoglobulin-based therapies for addressing primary immune deficiencies serve as primary catalysts for this growth. The expanding geriatric demographic within the region also emerges as a pivotal factor contributing to this upward trajectory, amplifying the demand for specialized therapies. Moreover, the region's emerging economies, coupled with increasing healthcare expenditures, further bolster the sector's development.
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Increasing Adoption of Intravenous Immunoglobulins to Drive Market Growth
High Cost of Treatment to Impede Market Growth
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The competitive environment of the global Intravenous Immunoglobulin Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
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The global Intravenous Immunoglobulin market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market for Intravenous Immunoglobulin (IVIG) is principally steered by several key factors. Among these are the expanding elderly population demographic, the rising incidence of immunodeficiency disorders, increased adoption of IVIG treatments, and the growing utilization of off-label indications. IVIG preparations have notably evolved in response to the escalating number of patients afflicted by immunodeficiency disorders. This surge in demand and the expanding spectrum of applications for IVIG underscore its critical role in addressing various medical conditions and the growing need for therapeutic solutions in diverse patient populations.
|Market size value in 2021
|USD 11.16 billion
|Market size value in 2030
|USD 21.05 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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For the Global Intravenous Immunoglobulin Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Intravenous Immunoglobulin Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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