Immunoglobulin Market Projected To Garner Significant Revenues By 2025
Posted by sanjayhande on November 21st, 2019
Surge in geriatric population who are hemophilic, increase in immunoglobulin production using advanced technologies, and use of enhanced purification techniques with better plasma yield drive the growth of the global immunoglobulin market. Furthermore, increase in incidence of diseases such as chronic inflammatory demyelinating polyneuropathy (CIDP), hypogammaglobulinemia, and others supplement the market growth. However, stringent government regulations for immunoglobulin products and side effects associated with the use of immunoglobulin hamper the market growth.
As per the report, the global immunoglobulin market garnered $ 9,972.9 million in 2017, and is estimated to reach $ 16,694.7 Million by 2025, registering a CAGR of 6.6% from 2018 to 2025.
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Hypogammaglobulinemia segment to dominate in terms of revenue by 2025
Intravenous segment to dominate through the forecast period
North America: highest revenue-generating region, LAMEA: fastest growing segment
North America contributed nearly half of the total market share in 2017 and would continue to maintain its dominance through 2025. The presence of large plasma production units and high adoption of immunoglobulin in the region boost the market growth. However, Latin America, Middle East and Africa (LAMEA) would register the highest CAGR of 9.4% from 2018 to 2025. The other regions analyzed in the study include Asia-Pacific and Europe.
The report presents a detailed analysis of the key players of the global immunoglobulin market including:
These players have adopted new product launches, joint ventures, expansions, mergers & acquisitions, partnerships, and collaborations to gain stronghold in the industry.
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About the Authorsanjayhande
Joined: October 17th, 2019
Articles Posted: 148
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