Intravenous Immunoglobulin Market to Attain a Value of US$14 Mel Ott Youth Jersey ,923.2 mn by 2024 by poojam · October 3, 2018
The global intravenous immunoglobulin (IVIG) market is prognosticated to witness solid growth in the coming years, according to report published by Transparency Market Research (TMR).聽 The market鈥檚 vendor landscape features high amount of consolidation. The leading four players, Grifols S.A., CSL Behring LLC, Baxalta Incorporated Madison Bumgarner Youth Jersey , and Octapharma AG, held over two-thirds of the overall market share in 2017, with Grifols S.A. holding maximum traction in the market. The dominance of this company could be attributed to the strong geographical presence acquired by the company.
With a low number of vendors in the market, the market has an oligopolistic nature. This has fostered vigorous competition among the market participants. In order to ensure that the vendors leave their footprint in the industry, enterprises are adopting several strategies to gain market traction, such as mergers and acquisitions Brandon Crawford Youth Jersey , and regional expansion. For instance, CSL Behring LLC recognized the large unmet demand for blood plasma and bio-therapeutics in Russia, and started operations in the country recently.
According to TMR鈥檚 projections, the global market for intravenous immunoglobulin (IVIG) market is predicted to rise at an 8.5% CAGR over the forecast period of 2017 to 2024. The market, which stood at US$8419.7 mn in 2017, is expected to reach an estimated value of US$14 Buster Posey Youth Jersey ,923 mn in 2024.
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The end-user segment of hospitals currently dominates the global IVIG market, accounting for over 60% of the overall market share. Geographically, North America is the leading regional market, holding over 45% of the market.
Surge in Number of Lifestyle Ailments to Propel Market
Sedentary lifestyle habits along with incrementing consumption of saturated fats, salt, sugars Stephen Vogt Youth Jersey , less physical activities, and high alcohol consumption are contributing to the high prevalence of chronic lifestyle diseases. The growing ubiquity of lifestyle associated disorders such as obesity and antibody deficiency disorders are key factors anticipated to fuel the growth of the IVIG market in the forthcoming years.
The global intravenous immunoglobulin market is also witnessing a solid growth from the increasing number of patients with bleeding disorders, the surge in number of Chronic Inflammatory Demyelinating Polyneuropathy (CIDP) patients, and the expanding pool of geriatric population. Moreover, increasing spending habits of users in the healthcare sector is also positively impacting the growth of intravenous immunoglobulin market. Additionally, there has been increased adoption of technological innovations such as purification methods Joe Panik Youth Jersey , advanced production technologies, and usage of off level indications. The swift uptake of such innovations are supporting the rapid growth of market. This is also responsible for providing rich opportunities to companies operating in the global intravenous immunoglobulin market.
Steep Therapy Costs to Deter Growth
Several administrative associations have imposed stringent guidelines for appropriate usage of intravenous immunoglobulin products. Moreover, the treatment costs associated with IVIG are considerably high, which could hamper the growth of intravenous immunoglobulin market to some extent. A large percentage of patients cannot afford intravenous immunoglobulin products, due to high cost of their treatment. Intravenous immunoglobulin products are very expensive as the materials required to produce them cost more and the manufacturing process requires a significant amount of blood samples from donors.
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On the other hand, according to the W.H.O Evan Longoria Youth Jersey , there are over 50 different Primary Immune Deficiency (PID鈥檚) such as specific antibody deficiency, X-lined hypo-gamma-globulinemia, and others at the present time, and these patients are in dire need of IVIG therapy. Further, the increase in approval of intravenous immunoglobulin (IVIG) drugs from the Food and Drug Administration (FDA), European Medicine Agency (EMA) Brandon Belt Youth Jersey , and government is expected to accelerate the sales of immunoglobulin in the forthcoming years, fuelling market growth. Mount Kailash Tour 鈥?A Spiritual Journey to the Center of Universe Mount Kailash Tour is once in lifetime experience that takes you to Lhasa, Shangri-La and mythical Mount Kailash (6,714m) and holy Lake Manasarovar. For devout pilgrim, this holiest of all the holy mountain offers ultimate realization of their spiritual pursuits. For adventure seeker, Mount Kailash Tour present adventure trip in rugged Kevin Pillar Youth Jersey , secluded, remote and dramatic mountains. Mount Kailash is the spiritual junction for Hindus, Buddhists, Jains and Bonpos and is tucked away far in the western part of Tibet. Every year thousands of pilgrim flocks here to perform spiritual activities.
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