Rise in demand for biopharmaceuticals and increase in R&D expenditure for biopharmaceutical companies drive the growth of the global downstream processing market. On the other hand, dearth and shortage of skilled bioprocess engineers restrain the growth to some extent. However, emerging markets such as China and India offer lucrative opportunities in the industry.
The main factors driving the growth of the intravenous immunoglobulin market include a significant increase in the geriatric population and the number of hemophilia patients, improved technology related to the production of immunoglobulins, and cleaner cleaning processes (with better plasma yield). Additionally, the increase in diseases such as chronic demyelinating polyneuropathy (CIDP), hypogammaglobulinemia, and others are expected to boost the market growth. However, strict government regulations regarding the use of intravenous immunoglobulin products and high risk of side effects are expected to restrain the market growth. On the contrary, the adoption of advanced immunoglobulins for the treatment of various diseases is expected to create lucrative opportunities in the near future.
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The global IVIG market is driven by factors such as high prevalence of diseases such as chronic inflammatory demyelinating polyneuropathy (CIDP) and hypogammaglobulinemia coupled with surge in geriatric population and rise in the number of hemophilic patients. In addition, increase in production of immunoglobulin with better plasma quality using advanced purification techniques is expected to supplement the market growth. On the other hand, technological advancements in IVIG products are anticipated to provide lucrative opportunities in the market in near future. However, stringent government regulations towards IVIG products and side effects associated with the use of IVIG impede the growth of the market.
Rise in prevalence of autoimmune disorders across the globe and surge in demand for intravenous immunoglobulin for treating neurological disorders supplement the growth of the intravenous immunoglobulin (IVIG) market.
North America to continue its dominance throughout 2025
North America occupied nearly half of the global market revenue in 2017 and is expected to retain its dominance from 2018 to 2022, owing to the high adoption rate of IVIG treatments across countries in the region supplemented with the presence of high-profile plasma production facilities. Meanwhile, LAMEA is expected to grow at the highest CAGR of 10% during the forecast period, as the region has witnessed a significant increase in the incidence of immunological & neurological diseases. The other regions analyzed in the report include Europe and Asia-Pacific.
Key Findings of the Intravenous Immunoglobulin (IVIG) Market:
- Myasthenia gravis segment is projected to grow at the highest rate during the forecast period.
- Hypogammaglobulinemia was the largest revenue contributor in 2017 and is expected to continue its dominance throughout the forecast period.
- North America dominated the global intravenous immunoglobulin market in 2017.
- LAMEA is estimated to grow at the highest CAGR of 10.3% from 2018-2025.
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Key market players
The key players analyzed in the report include Baxter International Inc., CSL Ltd., Grifols, S.A., Octapharma AG, Kedrion Biopharma Inc., LFB Group, Biotest AG, China Biologics Products, Inc., Shire (Baxalta), and Bayer AG. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.
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