According to the Immune Deficiency Foundation, approximately 350 rare, primary immunodeficiency diseases have been diagnosed in the world. These diseases lead to deterioration or dysfunction of the immunity system, thus generating a necessity for external immunoglobulins. Autoimmune diseases can affect people of any age and gender and are quite often present since infancy. This renders doctors with intravenous immunoglobulin as the best possible solution to alleviate the symptoms, especially in children. Furthermore, shifting preference towards IVIG over steroids has been observed in the healthcare industry.Reducing symptoms or curing the disease through steroids is an expensive procedure and can have side effects as well. However, the IVIG market has benefitted tremendously from this factor and earned a revenue of $9.6 billion in 2018. During the forecast period of 2019-2025, the [FURL=https://www.industryarc.com/PressRelease/1999/IVIG-Market-Research.html]IVIG Market[/FURL] will grow with a CAGR of 7.2%.
Prevalent Incidence of Hemophilia Will Positively Impact The Global IVIG Market
With the entire world population taken into consideration, hemophilia appears to be a rare medical condition. However, hemophilia is a serious autoimmune condition occurring predominantly in males causing internal bleeding in different parts of the body. According to statistics by the Centers for Disease Control and Prevention, the A type of this condition affects 1 in every 5000 male births, and approximately 400 babies are born with Hemophilia A every year in the U.S. Recent findings have also suggested that family history is crucial in the incidence of hemophilia. An individual is more likely to suffer from this condition if a family member has suffered from the same.
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The Aging of Immunity System Will Provide Impetus to the Global IVIG Market
Statistics from eminent organizations across the world are pointing towards the visible rise in the geriatric population. According to the United States Census Bureau, by the year 2030, the number of older people in the U.S. will become more than the number of children. This increase will occur owing to the improvement of healthcare facilities, falling birth rates in most countries, and rapid migration to first world countries.
Key Players of the IVIG Market
The global IVIG market revenue growth can be attributed to distribution and production strategies of key market players. Since immunoglobulin is mainly acquired from blood donations, market players have been pivotal in generating awareness for increasing voluntary blood donations. The main companies of the IVIG market include Biotest AG, Baxter International Inc., Octapharma AG, LFB Biotechnologies, Grifols SA, CSL Behring, China Biologics Products Inc., Kedrion Biopharma, and BDI Pharma Inc.
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