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Global Immunoglobulins Market to Exhibit 7.0% CAGR; High Prevalence of Primary Immunodeficiency to Foster Growth

Global Immunoglobulins Market was Worth US$ 10,750.0 Mn in 2017; Grifols’ Emerged Dominant Among Market Players Catapulted by a Diverse Product Portfolio

 

Pune, India -- (SBWIRE) -- 06/27/2019 -- Rising at a CAGR of 7.0% between 2018 and 2025, the Global Immunoglobulins Market is forecast to remain strong through the forecast period. Fortune Business Insights in a report, titled "IMMUNOGLOBULINS: GLOBAL MARKET ANALYSIS, INSIGHTS, AND FORECAST, 2018-2025" states that the global market was worth US$ 10,750.0 Mn in 2017. The market is further expected to reach US$ 18,378.0 Mn by the end of 2025.

On the basis of the route of administration, the market is bifurcated into intravenous and subcutaneous. The intravenous segment accounted for the largest share of the global market in 2017. Intravenous is foreseen to hold its position as the dominant segment through the forecast period 2018-2025. However, the segment's growth is likely to decelerate during the forecast period. Meanwhile, frequent product launches will enable growth in the subcutaneous segment.

Additionally, the rising emphasis on diagnosis and treatment of immune disease is anticipated to fuel demand in the overall market.

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Upgrade in Intervention Technology to Propel Growth

The increasing cases of chronic inflammatory demyelinating polyneuropathy (CIDP) and primary immunodeficiency (PI) are the major factors anticipated to drive the global immunoglobulins market. Furthermore, technological upgrades in the administration methods are likely to fuel the demand for immunoglobulins test and structure.

CUVITRU, a subcutaneous immunoglobulin introduced by Shire to facilitate the treatment of primary immunodeficiency, is the only 20% subcutaneous immunoglobulin in the U.S. without proline. Such launches are likely to enable growth in the global immunoglobulins market.

However, high costs associated with immunoglobulins and side-effects associated with immunoglobulins are a few key factors that may restrain the market.

In terms of region, North America is foreseen to emerge dominant over the forecast period. The region also held a major share in the market in 2017. The North America immunoglobulins market was worth US$ 6,291.5 Mn in 2017. Immunoglobulin is the most popular treatment available for various immune disorders. Moreover, the number of patients in the region is increasing. These factors are anticipated to contribute towards market growth.

Shire to Gain from CUVITRU's Approval

The competition in the global immunoglobulins market is increasing owing to the prevailing opportunities. In 2017 Grifols, S.A. was leading the global market. Grifols owns a diverse product portfolio and that is helping the organization to have major gains. The company holds a major share in various regional markets also.

Grifols, S.A., holds the highest share in Europe and North America immunoglobulins market. Besides this, other players are also focusing on product innovation to gain momentum. For instance, Shire received approval for CUVITRU. Such innovation and increasing competition is expected to propel growth in market. Some of the key players operating in the global immunoglobulins market are CSL Behring, Grifols, S.A., Kedrion S.p.A, Octapharma, Bio Products Laboratory Ltd., Biotest AG, China Biologic Products Holdings, Inc., LFB SA and Shanghai RAAS Blood Products Co., Ltd.

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