Global Intravenous Immunoglobulin Market - Snapshot
Immunoglobulins are highly purified, sterile specific medical therapy solutions containing gammaglobulin G (IgG) in a concentration of 95% or more. These are manufactured from highly refined pool of human plasma collected from at least 100 donors or more. Immunoglobulins can be administered through three different routes: intramuscular, intravenous, and subcutaneous. Intramuscular route of administration is a relatively older method and is not preferred currently, as it is painful. Intravenous immunoglobulin has emerged as a boon in the last few decades for patients with compromised immune system.
The global intravenous immunoglobulin market continues to expand at a high growth rate. The market is driven by rise in global prevalence of autoimmune diseases such as primary humoral immunodeficiency (PIDD), multiple sclerosis, immune thrombocytopenia purpura (ITP), autoimmune hemolytic anemia, and Kawasaki syndrome. The global intravenous immunoglobulin market is projected to witness significant growth in the next few years due to technological advancements leading to development of new production and purification methods. Rapid increase in the number of neurological disorders, rise in the global geriatric population, and ever-increasing number of patients across the world have fueled demand for quick and reliable treatment measures. These factors have also driven usage of intravenous immunoglobulin for the treatment of off-label indications. Moreover, increase in investments in research and development of novel products by private and government bodies is likely to propel the market in the near future.
The global intravenous immunoglobulin market has been segmented based on indication, end-user, and region. In terms of indication, the market has been classified into chronic inflammatory demyelinating polyneuropathy (CIDP), primary humoral immunodeficiency, idiopathic thrombocytopenic purpura (ITP), Guillain-Barre syndrome, myasthenia gravis, multifocal motor neuropathy (MMN), Kawasaki disease, hypogammaglobulinemia, chronic lymphocytic leukemia, and others. Based on end-user, the global intravenous immunoglobulin market has been divided into hospitals, clinics, and home care. In terms of region, the global market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America held the largest share of the global intravenous immunoglobulin market in 2017 due to superior health care infrastructure, strong regional economics, rise in reimbursement initiatives, and easy access to advanced technology. The region’s rapidly increasing geriatric population also drives the market. The global population aged 60 and above stood at an estimated 962 million in the world in 2017, accounting for 13% of the total population. This population is increasing at a rate of 3% per year. Currently, Europe has the highest percentage of population aged 60 and over (25%). Rapid aging will occur in other parts of the world as well such as the U.S. and countries in Asia including China and India. Hence, by 2050, all regions across the world, except Africa, will have nearly a quarter or more of their populations aged 60 and above. The global geriatric population is estimated at 1.4 billion in 2030 and 2.1 billion in 2050, and could rise to 3.1 billion in 2100. Large number of patients with chronic inflammatory demyelinating polyneuropathy (CIDP) in North America also boosts demand for intravenous immunoglobulin (IVIG). According to the Immune Deficiency Foundation (IDF), nearly 83 people per 100,000 in the U.S. suffer from primary immunodeficiency and there are over 5 million undiagnosed cases in the country. The intravenous immunoglobulin market in Europe is witnessing strong growth, attributed to increase in inpatient population and rise in usage of IVIG by end-users such as hospitals and clinics. Developing nations in Asia Pacific such as China and India are poised to be the most promising markets for IVIG in the near future. Key factors for the positive outlook for the market in the region are large underserved patient population, extensive development of health care infrastructure, and rise in emphasis on research and development in the health care sector.
Hospitals was the largest end-user segment of the global intravenous immunoglobulin market and is expected to dominate the market during the forecast period. This is due to rise in the number of patients opting for hospital treatment rather than standalone clinics. The home care segment is likely to expand at a steady CAGR of 8.9% from 2018 to 2026. This is attributed to various benefits of home care. Patients getting IVIG infusions at home have improved quality of life, as they get better control over day-to-day activities. For instance, IVIG infusions at home care have reduced scheduling clashes for patients.
Major companies operating in the global intravenous immunoglobulin market include Shire plc, ADMA Biologics, Inc., China Biologic Products, Inc., CSL Behring LLC, Grifols S.A., Kedrion S.p.A., LFB Biomedicaments S.A., Octapharma AG, and Sanquin Plasma Products B.V.
Global Intravenous Immunoglobulin Market: Scope and Methodology
This report analyzes the current and future prospects of the global intravenous immunoglobulin market. It comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments. The report is a combination of primary and secondary research. Primary research formed the bulk of the research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn for each segment for the period from 2016 to 2026, considering the macro and micro environmental factors. Growth rates for each segment within the global intravenous immunoglobulin market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.
A detailed qualitative analysis of factors responsible for driving and restraining market and future opportunities has been provided in the overview section. This section of the report also provides insights into the key trends of the intravenous immunoglobulin market such as shift from intravenous to subcutaneous infusion of immunoglobulin. The key indicators influencing the global intravenous immunoglobulin market taken into consideration include prevalence of immunological disorders, global blood and plasma yield, and geriatric population. The report also includes market attractiveness analysis of the major segments that provides a thorough analysis of the overall competitive scenario in the global intravenous immunoglobulin market. The report also highlights key events of the global intravenous immunoglobulin industry. A value chain analysis along with list of major players, hospitals, and distributors is also included in the report.
Market revenue in terms of US$ Mn for the period between 2016 and 2026 along with the compound annual growth rate (CAGR %) from 2018 to 2026 are provided for all the segments, considering 2017 as the base year. The year-on-year growth of the global intravenous immunoglobulin market for each segment is also reflected. Additionally, market related factors such as increase in preference for product innovation and rise in the number of acute and chronic patients in various regions and historical year-on-year growth have been taken into consideration while estimating the market size.
Global Intravenous Immunoglobulin Market: Segmentation
Based on indication, the global intravenous immunoglobulin market has been segmented into chronic inflammatory demyelinating polyneuropathy (CIDP), primary humoral immunodeficiency, idiopathic thrombocytopenic purpura (ITP), Guillain-Barre syndrome, myasthenia gravis, multifocal motor neuropathy (MMN), Kawasaki disease, hypogammaglobulinemia, chronic lymphocytic leukemia, and others. In terms of end-user, the global market has been segmented into hospitals, clinics, and home care. The hospitals segment is projected to dominate the market during the forecast period. However, the home care segment is expected to expand at the highest CAGR during the forecast period.
Geographically, the global intravenous immunoglobulin market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Additionally, the regions have been divided into major countries/sub-regions. These include the U.S., Canada, the U.K., Germany, France, Italy, Spain, China, Japan, India, Australia, Brazil, and Mexico.
Global Intravenous immunoglobulin Market: Competitive Landscape
The report also profiles major players in the global intravenous immunoglobulin market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. A thorough market share analysis of major companies operating in the global intravenous immunoglobulin market is provided in the report. The report also includes a competition matrix that provides insights into recent developments and activities undertaken by the major players. Key companies profiled in the report include Shire plc, ADMA Biologics, Inc., China Biologic Products, Inc., CSL Behring LLC, Grifols S.A., Kedrion S.p.A., LFB Biomedicaments S.A., Octapharma AG, and Sanquin Plasma Products B.V.
The global intravenous immunoglobulin market has been segmented as follows:
Global Intravenous immunoglobulin Market, by Indication
- Chronic Inflammatory Demyelinating Polyneuropathy (CIDP)
- Primary Humoral Immunodeficiency
- Idiopathic Thrombocytopenic Purpura (ITP)
- Guillain-Barre Syndrome
- Myasthenia Gravis
- Multifocal Motor Neuropathy (MMN)
- Kawasaki Disease
- Chronic Lymphocytic Leukemia
Global Intravenous Immunoglobulin Market, by End-user
- Home Care
Global Intravenous Immunoglobulin Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa