Human Immunoglobulin (pH4) for Intravenous Injection Market Growth Accelerated by Rising Demand for Treatment of Immune Deficiencies
Human immunoglobulin (pH4) for intravenous injection is derived from human blood plasma which contains antibodies that protect against various infections. It is administered to patients suffering from immune deficiencies who are unable to produce sufficient antibodies to fight diseases. The product finds widespread application in treatment of primary immune deficiencies, immune thrombocytopenic purpura, Guillain-Barré syndrome, and Kawasaki disease among others. It helps supplement the immune system of patients and protects them from various pathogens and infections.
The global Human Immunoglobulin (pH4) for Intravenous
Injection Market is estimated to be valued at US$2,055.76 Mn in 2023 and is
expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising cases of immune deficiencies due to genetics, immunosuppressive
therapies for cancer and organ transplantation has significantly contributed to
the growth of this market. The rising demand for immune globulin therapeutics
has prompted manufacturers to focus on strategic expansions and new product
development. Additionally, increasing research on plasma fractionation and
production technologies is also supporting market growth. Advanced technologies
help increase plasma collection volumes and improve yields of immunoglobulin
products. This enables greater supply of affordable and high quality immune
globulin intravenous products globally.
Segment
Analysis
The global Human
Immunoglobulin (pH4) for Intravenous Injection market is dominated by the
10g/vial sub segment. 10g/vial sub segment holds around 60% of the total market
share due to its widespread adoption by healthcare providers for treating mild
to moderate cases of primary immunodeficiency disease. The sub segment offers
economical treatment option for common variable immunodeficiency (CVID) and
other antibody deficiency conditions.
Key Takeaways
The global Human Immunoglobulin (pH4) for Intravenous Injection Market is estimated to be valued at US$ 2,055.76 Mn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030.
North America is expected to dominate the global Human Immunoglobulin (pH4) for Intravenous Injection market during the forecast period. High prevalence of antibody deficiency disorders such as CVID and XLA coupled with strong reimbursement policies for immunoglobulin treatments in countries like the US and Canada. Moreover, presence of key market players are fueling the market growth in the region.
Key players operating in the Human Immunoglobulin (pH4) for Intravenous Injection market are Major players operating in the point of care infectious disease diagnostics market include Danaher Corporation, Abbott Laboratories, Alcon Laboratories, Inc., Hoffman-La Roche Ltd., Becton, Dickinson, and Company, Trinity Biotech Plc, AccuBioTech Co., Ltd. and Cardinal Health, Inc. These players are focusing on new product launches and regulatory approvals to expand their market share. For instance, in October 2022, Takeda Pharmaceutical Company received FDA approval for its 10% liquid formulation of subcutaneous immunoglobulin (SCIg).
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